Asia and Africa-focused investment firm LeapFrog Investments has announced its intention to invest US$7.5 million in a partnership with Asset and Resource Management Company (ARM), a Nigerian non-banking financial company. ARM recently acquired a majority stake in CrystaLife Assurance, a Nigerian life insurance provider. With LeapFrog’s investment, CrystaLife intends… Read More
Global multi-asset class investment manager PineBridge Investments has signed an agreement to acquire a 20.02 percent stake in Polish temporary staffing and personnel outsourcing company Work Service for EUR26 million (approximately US$34.6 million). Work Service is listed on the Warsaw Stock Exchange and operates in Russia, the Czech Republic,… Read More
Indian eye hospital chain ASG Eye Hospitals has received INR500 million (approximately US$9.1 million) from global private equity firm Sequoia Capital. ASG currently operates hospitals in six cities in India’s northwestern state of Rajasthan, and the funding will be used to support ASG’s expansion into northern and central India. Read More
Global private equity firm CVC Capital Partners, Malaysia’s Employees Provident Fund (EPF) and Johor Corporation, the investment arm of Malaysia’s Johor state, have finalized the MYR5.2 billion (approximately US$1.7 billion) privatization of Malaysian Pizza Hut franchise operator QSR Brands and KFC’s Malaysian operations paving the way for the delisting… Read More
East Africa-focused private equity firm Catalyst Principal Partners has acquired a 95 percent stake in Tanzanian packaged tea producer Chai Bora from Kenya-based investment holding company TransCentury. Catalyst invested in the company through Catalyst Fund I, its US$125 million focused private equity fund. Financial details of the transaction were… Read More
Brazilian financial asset manager DLM Invista has held a first close on its DLM Brasil TI private equity fund with BRL180 million (approximately US$90 million) in capital commitments. The fund, which will focus on Brazil’s information technology sector, is targeting BRL250 million (approximately US$125 million) in total commitments. DLM… Read More
Creador Capital, a private equity firm focused on India, Malaysia and Indonesia, has closed its first fund with US$132 million in total commitments. The fund will invest between US$10 million and US$50 million per transaction, and Creador plans to deploy between 40 and 50 percent of the fund’s corpus… Read More
Kaizen Venture Partners, a private equity investment firm focused on special situations investing in Africa, has signed an agreement with International Finance Corporation (IFC), the development finance arm of the World Bank Group. IFC has agreed to co-invest up to US$20 million with Kaizen in the acquisition of distressed… Read More
Chinese private equity firm Hony Capital has fully exited its holding in Chinese lead-acid battery manufacturer Chaowei Power. Hony sold 150 million shares (representing 14.92 percent of Chaowei’s total equity) on the Hong Kong Stock Exchange for HKD600 million (approximately US$77.4 million). Hony originally acquired a 20.36… Read More
India-based private equity firm Everstone Capital and Belgian family office Verlinvest have invested in Singaporean restaurant management firm Harry’s Holdings. Everstone and Verlinvest purchased 90 percent of the public shares of the Singapore Stock Exchange-listed firm through a special purpose vehicle owned by Everstone, F&B Asia Ventures. Under Singaporean… Read More
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