U.S.-based alternative asset manager Ares Management has held a second close on the Ares Corporate Opportunities Fund Asia with US$90 million in commitments. The fund is targeting US$500 million in total commitments. The private equity fund will be Ares’s first focused on Asia, where the firm has offices in… Read More
European private equity firm Cinven has announced that it has reached an agreement to acquire a majority stake in Pronet Güvenlik, a provider of security electronic alarm systems in Turkey. Cinven is purchasing its stake from Turkish private equity firm Turkven and the Dutch development bank FMO. The transaction,… Read More
Milestone Capital, a China-based growth capital fund manager, has agreed to become a cornerstone investor in Chinese restaurant chain Xiao Nan Guo’s Hong Kong IPO. Xiao Nan Guo, which has 57 branches across the country, specializes in Shanghai cuisine. The company is looking to sell 341.25 million shares at… Read More
Netherlands-based private equity fund manager XSML has invested in Le Palmier, an education institution operating three schools in the Democratic Republic of the Congo (DRC). XSML made the investment through its Central Africa SME Fund, which provides capital and managerial support to entrepreneurs in DRC and the Central African… Read More
The Board of Directors of U.S. development finance institution Overseas Private Investment Corporation (OPIC) has approved over US$600 million in financing for private equity funds investing in Latin America, Africa, Eastern Europe and Southeast Asia. OPIC’s recently announced commitments include: US$185 million for the Tacna and Panamerica solar power… Read More
ChinaEquity Group and Shenzhen Co-win Venture Capital Investments have jointly made an investment in Wine9.com, an online wine retail company formerly known as Pinwine.cn. Wine9 will use the proceeds to establish warehouses across the countries to facilitate deliveries, and will enhance its IT system. Financial details of the transaction… Read More
TravelRent, a Russian online service for short-term apartment rentals, has raised US$2 million from Frontier Ventures, a Moscow-based venture capital fund focused on the Russian-speaking consumer internet industry. TravelRent plans to use the investment to strengthen its team and to develop new marketing programs to build brand awareness and… Read More
Kohlberg Kravis Roberts & Co. (KKR) has reportedly reached a first close of US$3 billion for its second pan-Asian private equity fund. The fund, which is targeting total commitments of US$6 billion, will focus on consumer goods, manufacturing, healthcare and infrastructure projects and includes a US$1 billion target allocation… Read More
Silk Invest, a U.K.-based specialist asset manager focused on Africa, the Middle East and Asia, has acquired a significant minority stake in NAS Foods, a biscuit producer based in Ethiopia. Silk Invest made its investment through the Silk African Food Fund. NAS Foods will use the investment to upgrade… Read More
CapMan Russia, the Russia-focused private equity fund of Finnish asset manager CapMan, has acquired a 25 percent stake in Vital Development Corporation (Vital), a Russian producer of laboratory equipment and biochemical reagents. Vital plans to further expand its product line with two new business lines related to immunological analysis… Read More
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