Hong Kong-based private equity firm AIF Capital has invested US$40 million in Pacific Plas, a Singapore-based resin distribution and consumer packaging company with operations in Indonesia, China, Malaysia, Singapore and Australia. AIF Capital made the investment through an issue of redeemable convertible preference shares. AIF Capital plans to support… Read More
Nigerian money transfer service Paga has secured new investments from a consortium of investors including Adlevo Capital, Omidyar Network, Acumen Fund, Capricorn Investment Group and current investor Goodwell West Africa Microfinance Development Company. Paga enables any person with a mobile phone or internet access to send cash to anyone… Read More
Global growth markets private equity fund manager Aureos has invested US$1.7 million in Clinique Biasa, a private hospital and clinic based in Togo. Aureos made the investment through the Africa Health Fund, a US$105 million fund which includes the Bill & Melinda Gates Foundation, IFC, the African Development Bank… Read More
German construction firm Hochtief AG has sold a 45 percent stake in Chilean toll highway operator Vespucio Norte Express (VNE) to a consortium led by Brookfield Infrastructure Partners for EUR230 million (US$290 million). VNE, in operation since January 2006, was developed by Hochtief under a BOT (build, operate, transfer)… Read More
Silicon Valley-based Translink Capital and Japan’s Vangoo Investment Partners have led a US$12 million Series B round of fundraising for Chinese mobile-based advertising platform Adwo. The new funding will be used to expand the company’s operations, and to open offices in Hong Kong and Japan. This investment follows a… Read More
Standard Chartered Private Equity (SCPE) has purchased a minority stake in Karaikal Port Private Limited, a subsidiary of Indian infrastructure company MARG, for INR1.3 billion (approximately US$23 million) through both primary and secondary investments. The new capital will be used to expand the port’s capacity to 28 million metric… Read More
India-focused private equity firm ChrysCapital has exited the majority of its 9.59 percent stake in publicly-listed Balkrishna Industries. ChrysCapital sold over nine million shares in the manufacturer of off-highway tires for INR2.17 billion (approximately US$38 million). ChrysCapital originally acquired the stake in 2005. Read More
Global venture capital investors Sequoia Capital and SAP Ventures have invested INR3.27 billion (approximately US$57 million) in Just Dial, an Indian local search service that is available via web, phone or mobile internet. Sequoia Capital contributed INR3.05 billion (approximately US$53 million) to the latest financing round, representing its third… Read More
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
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