Pembani Remgro Infrastructure Fund—a joint initiative established by investment holding company Remgro and Pembani Group chairman Phuthuma Nhleko—has reached a first close with US$245 million in capital commitments. In addition, the fund has received a further commitment equal to 20 percent of the fund size, capped at US$100 million, from… Read More
International Finance Corporation (IFC), a member of the World Bank Group, and IFC Asset Management Company (AMC), a wholly-owned subsidiary of IFC, have each invested US$75 million in Hong Kong-listed gas supplier China Tian Lun Gas Holdings, for a total investment of US$150 million. AMC’s transaction was structured through its… Read More
Global investment firm KKR has completed a US$400 million investment in China-listed chicken meat producer Fujian Sunner Development, acquiring an 18 percent stake in the company. Since the investment was first announced in August 2014, Sunner reports that it has been selected as one of the five local‐market direct suppliers—and… Read More
Colombia-focused private equity fund manager Tribeca has fully exited its stake in Termocandelaria Power (TPL), a Colombia-based thermal energy generation company. Tribeca initially invested in TPL in 2009 and 2010, and held a 60.8 percent stake in the company. The firm’s exit resulted in a reported cash multiple of 2.2x… Read More
China-based online video company Leshi Internet Information & Technology’s sports affiliate, Letv Sports Culture Develop, has raised RMB800 million (approximately US$131 million) from China-focused private equity firm Yunfeng Capital, China-based conglomerate Dalian Wanda Group and other undisclosed investors. The round valued Letv Sports at RMB2.8 billion (approximately US$458 million). Letv… Read More
Latin America-focused asset management firm Linzor Capital Partners has closed its third fund, Linzor Capital Partners III (LCP III), with US$621 million in capital commitments, reaching the fund’s hard cap. Investors included pension plans, asset managers, insurance companies, sovereign wealth funds, endowments, foundations and family offices. Approximately 40 percent of… Read More
Philanthropic investment firm Omidyar Network and Japan-based conglomerate Mitsui & Co. have led a US$7 million Series B financing round for Geekie, a Brazil-based education technology company. Brazil-focused investment company Gera Venture and Virtuose—an entity owned by the Brazilian Gradin family, also participated in the round. Both are existing investors… Read More
CEE and CIS-focused mid-market private equity firm Abris Capital Partners has agreed to invest in the Pehart group of companies, a producer of tissue paper in Romania and Southeastern Europe. As part of the transaction, development finance institution European Bank for Reconstruction and Development will entirely exit its stake in… Read More
India-based digital cinema distribution company UFO Moviez has completed an initial public offering (IPO) on the Bombay Stock Exchange and the National Stock Exchange, providing partial exits for international investment firm 3i Group and private equity firm Providence Equity Partners. UFO Moviez raised INR6 billion (approximately US$94 million) in the… Read More
Venture capital firm Nexus Venture Partners has closed Nexus India Capital IV, the firm’s fourth early-stage venture fund, with US$304 million in capital commitments. In addition, the firm has raised US$130 million for a top-up fund focusing on later-stage investments in existing portfolio companies. Commitments for the two vehicles reportedly… Read More
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