IIFL Wealth Management, an asset management subsidiary of India-listed financial services company IIFL Holdings, has agreed to sell a 5.1 percent stake for INR7.5 billion (approximately US$109 million) to global growth equity fund manager General Atlantic, family office Rimco, strategic investor HDFC Standard Life Insurance and hedge fund managers Ward… Read More
Global natural resource-focused private equity fund manager EMR Capital has agreed to acquire Chilean copper mine Cerro Colorado from Australia-based resources company BHP for US$230 million. BHP will receive an additional US$40 million in proceeds from the post-closing sale of Cerro Colorado’s copper inventory, as well as up to US$50… Read More
China-based non-banking financial services company VCREDIT, which is backed by global private investment firm TPG, has raised HKD1.6 billion (approximately US$201 million) through its initial public offering on the Hong Kong Stock Exchange. VCREDIT sold 78.7 million shares, an increase from the 68.6 million shares originally offered, at a price… Read More
Global SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has invested in Macedonia-based global positioning system service provider Geonet through SEAF Macedonia Fund II. Geonet intends to use the funding to enter new markets, including Greece, Kenya and the United States. Separately, SEAF has backed Serbia-based office furniture retailer EMU… Read More
Balam Fund, a Mexico-focused clean energy fund managed by emerging markets-focused fund manager The Rohatyn Group and real estate- and energy-focused investment group BK Partners, has acquired a Mexican solar power project from Spain-based developer Dhamma Energy. The 37-megawatt photovoltaic plant in the state of San Luis Potosi is expected… Read More
India-focused private equity firm ICICI Venture Funds Management has exited its 30 percent stake in India-based hospital chain Krishna Institute of Medical Sciences (KIMS Hospitals) to global growth equity fund manager General Atlantic for INR8.5 billion (approximately US$125 million). ICICI Venture invested INR2.2 billion (approximately US$37 million) in 2014 in… Read More
Global private investment firm TPG has invested US$70 million in India-based distributed energy management company Fourth Partner Energy. TPG has completed the investment through The Rise Fund, its global impact investment fund. Fourth Partner Energy, which focuses on developing and financing rooftop solar power projects, intends to use the new… Read More
LeapFrog Investments, a global impact investing fund manager specializing in financial services and health care, has invested in ARM Pension Managers, the pension fund administration subsidiary of Nigeria-based Asset & Resource Management Company (ARM Group). ARM Pensions has 57 offices across Nigeria and intends to use the new funds to… Read More
Latin America-focused growth-stage private equity fund manager LIV Capital and Singaporean sovereign wealth fund Temasek Holdings have acquired a 32 percent stake in Grupo Diagnóstico Proa, a Mexico-based operator of clinical diagnostic laboratories. The company, which operates 275 branches across Mexico under the Chopo brand, intends to use the funding… Read More
Global growth markets investor The Abraaj Group has fully exited U.A.E.- and Egypt-listed engineering and construction contractor Orascom Construction Industries (OCI) for US$52 million. Abraaj sold 6.3 million shares, representing a 5.4 percent stake, for US$8.30 per share on Nasdaq Dubai. Abraaj first acquired a stake in OCI when the… Read More
(default archive template)