Global private equity fund manager Advent International has agreed to acquire an 80 percent stake in Walmart Brazil from the company’s U.S.-based parent. Walmart will retain the remaining 20 percent stake in the company upon completion of the transaction. Financial details of the transaction, which is subject to regulatory approval,… Read More
India-focused private equity fund manager Kedaara Capital has acquired India-based auto component manufacturer Sunbeam Auto at a reported enterprise value of INR8.5 billion (approximately US$127 million) to INR9 billion (approximately US$134 million). The company designs, manufactures and sells automotive aluminum die casting components. Read More
Latin America-focused private equity fund manager Australis Partners has agreed to acquire a minority stake in Mexico-based medical services provider Grupo Vitalmex. Vitalmex’s activities span integrated surgical support services, inventory management, medical equipment outsourcing and maintenance, as well as the supply and sale of instruments, materials and disposables to over… Read More
India Resurgent Fund (IRF), a joint venture between Bain Capital Credit and India-based conglomerate Piramal Enterprises, has invested INR8 billion (approximately US$119 million) in India-based Archean Chemical Industries in a debt and equity transaction. IRF has reportedly acquired the existing loans of Archean from a group of public sector banks… Read More
Vietnam-focused private equity fund manager Mekong Capital has invested in Vietnam-based mattress and bedding retailer Vua Nem through Mekong Enterprise Fund III. With Mekong’s support, Vua Nem plans to merge its two existing brands, Dem.vn and Vuanem.vn, into the unified Vua Nem brand, build a new e-commerce website and expand… Read More
Middle East Venture Partners (MEVP) has invested in Bahrain-based real-time restaurant reservation platform Eat. The company offers restaurants an online reservation and table management system that enables users to reserve tables online. Financial details of the transaction were not disclosed. Read More
Global private equity fund manager Warburg Pincus has agreed to acquire a 26 percent stake in IndiaFirst Life Insurance from U.K.-based financial services provider Legal & General Group for INR7.1 billion (approximately US$105 million). Legal & General, Bank of Baroda and Andhra Bank founded IndiaFirst in 2009 as a joint… Read More
Pakistan-focused Ijara Capital Partners has acquired a 100 percent stake in Pakistan-based frozen food company Quick Foods Industries. The company principally operates under the Mon Salwa brand, offering a range of frozen meatballs, kebabs, burger patties and nuggets. Financial details of the transaction, which is the first completed by Ijara’s… Read More
Africa-focused investment manager Ashburton Investments has reached a first close for its inaugural mezzanine fund with ZAR507.5 million (approximately US$40 million) in capital commitments from four undisclosed investors. Ashburton Mezzanine Fund I, which is targeting ZAR1 billion (approximately US$79 million) in total commitments, will focus on South Africa with an… Read More
China-based artificial intelligence company SenseTime has raised a US$620 million Series C+ round valuing the company at more than US$4.5 billion. Investment firms Fidelity International, Hopu Investment Management, Silver Lake and Tiger Global Management led the round, which also included participation from Qualcomm Ventures and other financial and strategic investors. Read More
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