Brazil-focused technology investor Confrapar will invest over US$1 million in Easy Food, a local software developer for school cafeterias. The transaction will be structured through NascenTI, Confrapar’s funding arm dedicated to projects based in Rio de Janeiro. With the new capital injection, Easy Food intends to expand its sales… Read More
Pan-emerging markets private equity firm Actis has sold its 70 percent stake in Vesta, a Chinese commercial kitchen equipment maker, to Illinois Tool Works, a U.S.-based developer and processor of engineered components, industrial systems and consumables. Vesta designs and makes Western style mid-range commercial kitchen equipment in China. Actis… Read More
India Value Fund Advisors (IVFA), which focuses on investing in mid-sized businesses, is investing US$40 million in Vallabhdas Kanji Limited (VKL Seasoning), an India-based processor of spices and spice ingredients. The deal, which involves both a primary capital infusion and a secondary share sale, marks an exit for Ascent… Read More
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has entered into definitive agreements to acquire a 49 percent stake in Vietnam-based Hoa Muoi Gio Company (Masan Agriculture) from Masan Consumer, for a total cash consideration of approximately US$50 million. TPG Growth originally… Read More
Alternative investment management and advisory firm CITIC Capital has announced the final close of CITIC Capital Venture Partners at US$113 million. The fund targets high-growth small- to medium-sized enterprises, with a focus on sectors such as clean technology, consumer goods and services and IT. Investors in the fund include… Read More
Shareholders of New York-listed Chinese dairy company Feihe International have voted in favor of a private equity-backed management buyout valued at US$147 million by a consortium that includes Asia Pacific private equity investor Morgan Stanley Private Equity Asia (MSPEA) and the company’s chairman Leng You-Bin. The buyers will pay… Read More
CDH Investments, a China-based alternative asset fund manager, has agreed to invest US$97.4 million in Hong Kong-listed automotive aftersales service provider New Focus Auto Tech Holdings (NFA) through a subscription to ordinary shares and convertible bonds. Upon full conversion, CDH will own 63.2 percent of the company. The investment… Read More
Chinese economy hotel chain 7 Days Group Holdings is set to be privatized after shareholders voted in favor of a private equity-backed management buyout that values the company at around US$688 million. The buyer consortium, including global alternative asset manager The Carlyle Group, private equity and venture capital firm… Read More
India-focused investment firm ChrysCapital Partners has exited Ahmednagar Forgings (AFL), an India-based manufacturer of automotive components, for INR363 million (approximately US$6.06 million) through a series of bulk share sales on the open market. ChrysCapital originally invested INR295 million (approximately US$7.5 million) in AFL in 2008. Read More
Alternative asset manager IDFC Private Equity, India-focused private equity fund manager IL&FS Investment Managers Limited (IIML) and development finance institution Asian Development Bank (ADB) have sold a 50 percent stake in Central UP Gas (CUGL) to Indraprastha Gas, which supplies fuel in Delhi and surrounding neighborhoods, for about INR700… Read More
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