The Carlyle Group has sold HK Carlyle Sinorgchem Industry Company, an investment holding company controlling a 40 percent stake in Jiangsu Sinorgchem, a China-based producer of rubber chemical additives, for an estimated RMB1.85 billion (US$290 million) to Chinese industrial conglomerate Sinochem International. The sale was part of Sinochem International’s… Read More
London-based asset management firm CVC Capital Partners has acquired RMB139 million (US$22 million) in convertible bonds and HKD295 million (US$38 million) in exchangeable bonds issued by Hong Kong-listed Chinese shoe manufacturer and retailer C.banner International Holdings. CVC also invested an unknown amount through secondary shares in a PIPE transaction. Read More
Nexus Capital Partners III, a Latin America-focused investment fund managed by Nexus Group of Peru, and Chilean packaging company Alusa have concluded the acquisition of Colombian flexible packaging company Empaques Flexa. According to Alusa’s original announcement of the deal, the Santiago-based company and Nexus, an investor in Alusa subsidiary… Read More
The Board of Directors of U.S. development finance institution Overseas Private Investment Corporation (OPIC) has approved US$65 million in financing for Medu Capital Fund III, a fund managed by South Africa-based private equity firm Medu Capital. The fund, which has a target capitalization of US$300 million, will invest… Read More
The Egyptian Refining Company (ERC) has closed a US$3.7 billion financing package to develop a greenfield petroleum refining project outside Cairo. Financing for the project, led by Citadel Capital SAE, a Cairo-based private equity firm investing in the Middle East and Africa, will include US$2.6 billion in debt and… Read More
The Islamic Development Bank (IDB), an economic development organization based in Saudi Arabia with 56 member countries, has partnered with Dutch asset manager Robeco to launch a US$600 million private equity fund to invest in food and agriculture projects in Muslim nations. The fund, which will be managed by… Read More
XSML, a Netherlands-based emerging markets private equity fund manager, has announced an investment in Millenium Telecom, an internet services provider based in the Central African Republic. XSML made the investment through the Central Africa SME Fund. Millenium Telecom plans to develop a mobile broadband internet network serving individuals and… Read More
U.S.-based global growth capital investor Small Enterprise Assistance Funds (SEAF) recently announced that three SEAF-managed Latin American funds have exited their investment in Peruvian power plant operator Hidroeléctrica Santa Cruz (HSC) in February 2012 through a strategic sale to a Brazilian renewable energy developer. Fondo Transandino Peru, Fondo LATAM… Read More
Asia Mountaineering Holdings (AMH), a Netherlands-headquartered company owned by funds managed by Hong Kong-based private equity firm Unitas Capital will invest KRW190 billion (approximately US$162.4 million) to acquire a significant minority stake in NEPA, a Korean outdoor apparel and equipment manufacturer. AMH will make its investment through a subscription… Read More
CapMan Russia, a fund managed by Finland-based asset manager CapMan, has partnered with the European Bank for Reconstruction and Development (EBRD) and Russia-based UFG Private Equity to acquire 24 percent of KDL Test. A laboratory diagnostic services provider, KDL has operations across Russia. The deal, the financial… Read More
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