Global private equity firm CVC Capital Partners has acquired a 100 percent stake in Malaysia-based snack food manufacturer Munchy Food Industries (MFI), as well as its subsidiary Munchworld Marketing, for approximately US$250 million. MFI, which produces and distributes biscuits and other snack foods globally, intends to partner with CVC to… Read More
Global alternative asset manager The Blackstone Group has reached a final close for its first Asia-focused buyout fund, Blackstone Capital Partners Asia, with approximately US$2.3 billion in capital commitments. Washington State Investment Board and Korea-based Woori Bank reportedly committed US$200 million and US$73 million, respectively, prior to the fund’s US$1.5… Read More
Middle East- and Asia-focused private equity firm Fajr Capital has completed its exit of United Arab Emirates-based oilfield services provider National Petroleum Services (NPS) to U.S.-listed special-purpose acquisition company National Energy Services Reunited (NESR). Fajr signed a definitive agreement with NESR in November to sell its stake in NPS. All… Read More
Global venture capital firm Sequoia Capital has reportedly led a US$400 million funding round for China-based blockchain hardware developer Bitmain Technologies. The company develops and sells bitcoin mining machines and has offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu, Shanghai and Shenzhen. Bitmain plans to use the new funding… Read More
Global private equity, debt and real estate fund manager H.I.G. Capital has invested in Brazil-based hospital network Grupo Meridional. The company, which operates five health care facilities in the state of Espírito Santo, plans to use the funding to expand its services through both organic and inorganic growth. Financial details… Read More
Latin America-focused private equity firms ACON Investments and Humus Capital Partners have acquired a majority stake in Biosidus and Biosidus Farma, an Argentina-based manufacturer and distributor of biosimilar pharmaceuticals. ACON invested through ACON Latin America Opportunities Fund IV. Biosidus exports to more than 25 countries across four continents. The company… Read More
Vietnam-focused asset manager Dragon Capital has acquired one million shares in Vietnam-listed Viet Capital Securities for VND85.2 billion (approximately US$4 million), increasing its stake to 9.06 percent. Separately, Dragon Capital reportedly sold 350,000 shares of Vietnam-listed Military Bank for VND10.7 billion (approximately US$470,000), reducing its stake from 6.01 percent to… Read More
Global investment manager KKR has agreed to acquire a 56.52 percent stake in Indonesia-listed subsidiary Unilever Indonesia’s food spreads business for IDR2.92 trillion (approximately US$208 million). The deal forms part of KKR’s bid to acquire Unilever’s global spreads unit. Through the transaction, KKR will procure Unilever Indonesia’s global and domestic… Read More
China-focused private equity firm Green Harbor Investment has led a CNY800 million (approximately US$125 million) Series D round for China-based used-car auction platform Jiangsu Chezhibao Information Technology. Existing investors PAG, Addor Capital and Gobi Partners also participated in the round. The company plans to use the new capital to expand… Read More
Central and Eastern Europe-focused private equity fund manager Oriens Investment Management has reached a final close for its second fund with EUR70 million (approximately US$82 million) in capital commitments. U.S.-based limited partners, including insurance companies, family offices, foundations and a fund of funds, contributed EUR50 million (approximately US$58 million) to… Read More
(default archive template)