India-focused private equity and infrastructure fund manager IDFC Alternatives has reportedly agreed to acquire seven India-based solar power projects from U.S.-based global solar energy developer First Solar for INR19.5 billion (approximately US$304 million). IDFC will acquire the projects, which have a total capacity of 190 megawatts, through Vector Green Energy,… Read More
Global infrastructure investment manager I Squared Capital has agreed to acquire 100 percent of Hutchison Global Communications (HGC), the fixed-line services unit of Hong Kong-based Hutchison Telecommunications, for a total consideration of HKD14.5 billion (approximately US$1.86 billion). HGC, which operates more than 1.4 million kilometers of fiber optic networks and… Read More
Brazil-based renewable energy company Omega Geração has raised a total of BRL884 million (approximately US$281 million) in its initial public offering (IPO) on the Novo Mercado segment of B3 (formerly BM&FBOVESPA). The offering totaled 54 million shares, including a primary offering from Omega and a secondary offering of shares by… Read More
Africa-focused TMT investment management firm Convergence Partners has exited its stake in South Africa-based information technology (IT) services company Dimension Data Middle East & Africa (DiData). The company provides digital infrastructure, network, cybersecurity and other IT management services to businesses in the region. Convergence originally invested in DiData in 2004. Read More
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
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