Global private equity firm Advent International has agreed to acquire a significant stake in India-based innerwear company Dixcy Textiles. The company, which manufactures and retails innerwear, hosiery and casual wear under various brands in India, plans to partner with Advent to expand operations through organic growth and international expansion. Financial… Read More
U.S.-based co-working space operator WeWork will partner with SoftBank Group and China-focused private equity firm Hony Capital to invest US$500 million to establish WeWork China. The new platform will enable WeWork to expand its operations into new cities in China and increase its current footprint in Beijing, Hong Kong and… Read More
Global growth markets investor The Abraaj Group has acquired a significant minority stake in Turkey-based integrated logistics company Netlog. The company, which offers a full suite of supply chain and logistics solutions, including warehousing, domestic and international trucking and air and sea freight forwarding, plans to partner with Abraaj to… Read More
Vietnam-focused private equity firm Mekong Capital has partially exited Vietnam-based agricultural products company Loc Troi Group (formerly known as An Giang Plant Protection) via its listing on the Unlisted Public Company Market (UPCoM) exchange. Mekong, which originally invested in Loc Troi in 2008 through Vietnam Azalea Fund, sold approximately 3.1… Read More
Global investment firm KKR has agreed to acquire a 47 percent stake in LS Automotive, the electrical auto parts subsidiary of Korea-based conglomerate LS Group, and a 100 percent stake in LS Group affiliate LS Mtron‘s copper foil and flexible copper-clad laminate business. LS Group will retain a 53 percent… Read More
Africa-focused private investment firm Helios Investment Partners has acquired 100 percent of Fertilizers and Inputs Holdings, the Africa-focused agricultural supplies and chemicals subsidiary of multinational agricultural conglomerate Louis Dreyfus Company, for a reported US$200 million. The company, which distributes fertilizers, crop protection products, seeds and industrial chemicals primarily in West… Read More
Colombia-based pharmaceutical company Grupo Biotoscana has raised a total of BRL1.34 billion (approximately US$427 million) in its initial public offering (IPO) on B3 (formerly BM&FBOVESPA). The offering consisted of 50.6 million Brazilian Depository Receipts (BDRs), including a primary offering from Biotoscana and a secondary offering from global private equity firm… Read More
Germany-based carmaker Daimler, Saudi Stock Exchange-listed Kingdom Holding, venture capital firm DCM Ventures and alternative investment firm Coatue Management have invested US$150 million in Dubai-based transportation and ride hailing business Careem. As part of the transaction, global growth markets investor The Abraaj Group, which originally invested in Careem in 2015,… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, and International Finance Corporation (IFC) have agreed to provide a US$55 million financing package to support the development of the 40.5-megawatt Mocuba solar photovoltaic… Read More
Global private equity firm Warburg Pincus has agreed to invest up to US$300 million in Princeton Growth Ventures, a telecommunications, media and technology infrastructure platform founded and led by Rangu Salgame. The company will focus on acquiring both standalone and carve-out telecom assets, with a particular focus on data centers… Read More
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