TVM Capital Healthcare Partners, a private equity company focused on the Middle East, North Africa and India, Saudi Arabia-based conglomerate The Olayan Group, family office Al Zarooni Emirates Investment and other minority shareholders have agreed to sell their 100 percent stake in ProVita International Medical Center, a United Arab Emirates-based… Read More
Global private equity firm Warburg Pincus has partially exited United States-listed biopharmaceutical company China Biologic Products via a share sale. Warburg sold 2.3 million shares for US$105 apiece, returning a total of US$241.5 million and reducing Warburg’s holding in the company from 43 percent to 34 percent. The transaction was… Read More
Central and Eastern Europe-focused private equity and venture capital firm 3TS Capital Partners has invested more than EUR1 million (approximately US$1.1 million) for a minority stake in 123ContactForm, a Romania-based company that provides web forms and surveys to companies and non-governmental organizations. The transaction was structured through Catalyst Romania, a… Read More
China-focused venture capital firm SAIF Partners China has participated in a RMB5.8 billion (approximately US$942 million) round of funding for Zhong An Online Property Insurance, a China-based property insurance company. A vehicle controlled by investment bank Morgan Stanley led the investment, and other participants in the round included: China-based investment… Read More
Energy-focused private equity firm First Reserve will subscribe to a portion of a SGD169.5 million (approximately US$126 million) rights issue by Singapore-based upstream oil and gas company KrisEnergy. First Reserve will subscribe to 87 million shares, or approximately 20 percent of the issue, for SGD0.39 (approximately US$0.29) apiece, representing a… Read More
Latin America-focused private equity firm Southern Cross Group has sold its stake in Grupo Expansión, a Mexico-based publishing company, for US$65 million to Nacer Global, a Mexico-based conglomerate and publisher of financial newspaper El Economista. Grupo Expansión publishes 17 magazines and 11 websites. Read More
Global building materials manufacturer Lafarge has agreed to acquire a 14 percent stake in Lafarge India, the company’s India arm, from Asia-focused private equity firm Baring Private Equity Asia for EUR270 million (approximately US$304 million). The transaction is part of Lafarge’s planned merger with Holcim, a global building materials manufacturer. Read More
Mezzanine Management, an investment advisory firm focused on Central and Eastern Europe, has invested EUR23.3 million (approximately US$26.3 million) in Mogo Finance, a Latvia-based non-bank car financing provider operating in the Baltics and Georgia. The transaction was structured through Accession Mezzanine Capital III. Mogo will use the funds to develop… Read More
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of Congo-based Ets Lejack, which operates three business lines—printing shops, production of toilet paper and production of candles. Lejack will use the investment to expand its toilet paper production. Financial details of the transaction, which was structured through… Read More
ADM Capital, an asset management firm focused on Asia and Central and Eastern Europe, has fully exited its investment in AKG Gazbeton, a Turkey-based construction materials producer, in a share sale to the company’s founding shareholders. ADM originally invested in the company in 2011. Financial details of the transaction, which… Read More
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