PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has reached a final close for its second Asia-focused buyout fund, PAG Asia II, with US$3.6 billion in capital commitments. The fund, which was oversubscribed, will target major markets in Asia with a focus on buyout… Read More
Global asset management company Black River Asset Management has completed the purchase of two Brazil-based sugarcane mills from Brazil-based sugar and ethanol company Ruette Group. The deal totaled BRL830 million (approximately US$209 million), including BRL530 million (approximately US$134 million) in debt financing. The transaction was structured through Black River Agriculture… Read More
Venture capital firm Sequoia Capital has led an INR400 million (approximately US$6 million) Series A financing round for India-based craft brewery B9 Beverages, which markets the brand Bira 91. A number of angel investors also participated in the round. The company intends to use the new capital for marketing and… Read More
Pan-emerging markets private equity firm Actis has agreed to sell Guatemala-based private electricity distribution company Energuate to I.C. Power, a developer and operator of power generation facilities in Latin America, for US$229.5 million. I.C. Power will acquire the company from Deorsa-Deocsa Holdings, an investment company of Actis. The acquisition is… Read More
Mid Europa Partners, a private equity firm focused on Central and Eastern Europe and Turkey, has agreed to sell Bité Finance International (Bité Group), a mobile operator focused on the Baltic countries, to global private equity firm Providence Equity Partners. Bité Group provides a range of mobile services, internet access… Read More
Global investment firm KKR has agreed to pursue acquisitions and investment opportunities by establishing a platform to provide asset management services to the oil and gas industry globally. KKR’s investment in the platform will be made primarily by the KKR Asian Fund II. The platform aims to become an integrated… Read More
India-focused private equity firm IDFC Alternatives has agreed to purchase a 37 percent stake in India-based highway operator Dewas Bhopal Corridor from India-based infrastructure company Welspun Enterprises at an enterprise value of INR6.6 billion (approximately US$100 million). The transaction, which was structured through India Infrastructure Fund II, includes a contingent… Read More
India-based housing microfinance lender Swarna Pragati Housing has raised a Series B financing round from India-focused private equity firm Zephyr Peacock India, philanthropic investment firm Omidyar Network, impact fund advisory firm Aavishkaar and angel network Intellecap Impact Investment Network (I3N). The round was worth a reported INR1 billion (approximately US$15… Read More
Global growth equity firm General Atlantic has committed to invest BRL600 million (approximately US$150 million) in Brazil-based drugstore retail chain Empreendimentos Pague Menos (Pague Menos Pharmacies) for a 17 percent stake in the company. As part of the deal, Pague Menos will issue BRL440 million (approximately US$110 million) worth of… Read More
Global growth markets investor The Abraaj Group and French development finance institution Proparco have sold a combined 83 percent stake in Tunisia-based pharmaceutical company Unité de Fabrication de Médicaments (UNIMED). The firms sold the stake to a consortium of investors including asset managers SQM Frontier Management and Blakeney Asset Management,… Read More
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