India-listed financial institution Housing Development Finance Corporation (HDFC) has agreed to issue 64 million shares at a price of INR1,726.05 (approximately US$27.18) per share for a total of INR111 billion (approximately US$1.75 billion) to a group of investors. Global asset manager KKR will acquire 9.3 million shares, sovereign wealth fund… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital, has invested CNY1.5 billion (approximately US$231 million) to increase its stake in China-based Harbin Pharmaceutical Group from 45 percent to 60.86 percent. CITIC originally invested in Harbin, which produces antibiotics, modern Chinese medicines and animal vaccines, in 2005 and 2017. Read More
Peru-focused private equity fund manager Enfoca has completed the restructuring of its Enfoca Descubridor 1, Enfoca Discovery 1 and Enfoca Descubridor 2 funds into a new investment fund with more than US$950 million in capital commitments. The transaction was led by Canada Pension Plan Investment Board (CPPIB), which committed US$380… Read More
India-focused venture capital firm SAIF Partners has led an INR3.22 billion (approximately US$50.6 million) Series D round for India-based logistics services provider Rivigo Services. Global private equity firm Warburg Pincus also participated in the round. SAIF and Warburg originally invested in Rivigo in 2015 and 2016, respectively. Read More
Africa-focused private equity firm Mediterrania Capital Partners has acquired an undisclosed stake in Tunisia-based private education institution Groupe Scolaire René Descartes (GSRD) through Mediterrania Capital II. GSRD, which provides French and Tunisian programs for pre-primary school through college, plans to partner with Mediterrania to expand its current facilities and develop… Read More
Mexico-focused impact investment firm Promotora Social Mexico, along with Latin America-focused accelerator and seed fund NXTP Labs and undisclosed family offices and angel investors, has invested in Chile-based education technology company Lab4U. The company, which develops mobile applications that utilize tablet and mobile phone sensors to create science experiments, plans… Read More
Global private equity fund manager Warburg Pincus and China-focused fund manager Genesis Capital have invested US$120 million in a Series D round for China-based online tutoring company Zhangmen. The company offers personalized, one-on-one tutoring sessions to more than one million registered students across 600 cities in China. Separately, Warburg, along… Read More
Pátria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, has raised US$484.2 million for Pátria Private Equity Fund VI. The firm—which also manages infrastructure, real estate and credit platforms—primarily targets buyout and growth opportunities across various sectors in Brazil and other Latin American countries through its… Read More
Growth markets investor Actis has agreed to acquire the Mexico assets of global energy infrastructure developer and operator InterGen for an enterprise value of US$1.26 billion. The assets include six combined-cycle gas turbine projects and a wind power project with a combined capacity of 2,355 megawatts, as well as three… Read More
SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has fully exited its 80 percent stake in Turkey-based flexible packaging producer Propak to Polinas, a packaging materials subsidiary of Turkey-based food company Ulker Group. SEAF originally invested in Propak in 2011 through Southeast Europe Equity Fund II (SEEF II). Financial details… Read More
(default archive template)
