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KKR to Exit China-based Modern Dairy; Completes First Close for India-focused Credit Fund (Asia)
Global investment firm KKR and China-focused private equity firm CDH Investments have agreed to exit their stake in China-based milk producer China Modern Dairy Holdings (CMD) to China Mengniu Dairy for HKD1.87 billion (approximately US$241 million). Mengniu will acquire 965.5 million shares from the private equity firms for HKD1.94 (approximately US$1.25) per share and has offered to acquire all additional… Read More
Warburg Pincus and Tencent Holdings Lead US$215 Million Series D Round for Mobike (Asia)
Global private equity firm Warburg Pincus and China-based media and technology group Tencent Holdings have led a US$215 million Series D round for China-based bike sharing company Mobike. Private investment firms Sequoia Capital, TPG and Hillhouse Capital, China-based online travel company Ctrip and China-based hotel management company Huazhu Hotels Group also participated. Warburg invested through Warburg Pincus Private Equity XII. Read More
Capital Group Private Markets to Partner with Wendel to Acquire Tsebo Solutions Group (SSA)
Global private equity firm Capital Group Private Markets will partner with France-based investment company Wendel to acquire South Africa-based facilities services provider Tsebo Solutions Group from a consortium led by South Africa-focused fund manager Rockwood Private Equity. Capital Group will acquire a 35 percent stake and invest through CIPEF VI, while Wendel, which initially agreed to acquire Tsebo in September… Read More
ACON Investments Invests in Controladora GMI (Latin America)
U.S.- and Latin America-focused private equity firm ACON Investments has completed an investment in Mexico-based Controladora GMI, a manufacturer and provider of modular construction solutions serving the aeronautical, education, housing, retail and industrial sectors. ACON invested through ACON Latin America Opportunities Fund IV. GMI will use the new funds to expand regionally. Financial details of the transaction were not disclosed. Read More
Southern Cross Group Acquires Getronics LATAM from OpenGate Capital (Latin America)
Latin America-focused private equity fund manager Southern Cross Group has acquired Getronics LATAM, a Colombia-based provider of integrated information and communications technology products and services, from global private equity firm OpenGate Capital. OpenGate, which acquired Getronics in 2010, reportedly generated an 11x return multiple on its investment. Financial details of the transaction were not disclosed. Read More
ASMA Capital Partners to Acquire Minority Stake in Utico’s Water Business for US$147 Million (MENA)
Bahrain-based fund management firm ASMA Capital Partners has agreed to acquire a minority stake in the water business of United Arab Emirates-based utility company Utico in a deal worth US$147 million. ASMA—which is owned by the Islamic Development Bank, Saudi Arabia's Public Investment Fund and Public Pension Agency and the ministries of finance of Bahrain and Brunei—will invest through IDB… Read More
The Carlyle Group and CITIC Acquire McDonald’s China and Hong Kong Franchises (Asia, Latin America)
The Carlyle Group, China-based conglomerate CITIC and CITIC’s alternative investment arm CITIC Capital Holdings have agreed to acquire the mainland China and Hong Kong businesses of global fast food chain McDonald’s for a total consideration of up to US$2.08 billion. Carlyle will invest through Carlyle Asia Partners IV. After the transaction is completed, CITIC and CITIC Capital will have a… Read More
COPE Exits Serba Dinamik via IPO (Asia)
Malaysia-focused asset management firm CMS Opus Private Equity (COPE) has reduced its stake in Malaysia-based energy services group Serba Dinamik Holdings from 16 percent to 6 percent by selling 85 million shares in the company for MYR128 million (approximately US$29 million) in the company’s IPO on the Main Market of Bursa Malaysia. COPE originally invested in Serba Dinamik through COPE-KPF… Read More
Exfinity Venture Partners Completes US$44 Million Final Close of Second Fund (Asia)
Exfinity Venture Partners has completed an INR3 billion (approximately US$44 million) final close for its second fund. Investors in the fund include family offices, high-net worth individuals and institutions. The fund will invest in business-to-business technology companies in the United States and Indi Read More
Abris Capital Partners Completes Acquisition of Kopernikus Technology (CEE and CIS)
Central & Eastern Europe-focused mid-market private equity firm Abris Capital Partners has acquired a majority stake in Serbia-based cable television and broadband service provider Kopernikus Technology. Abris will invest through Abris CEE Mid-Market Fund III. Financial details of the transaction were not disclosed. Read More
Lightbox Ventures Closes US$54 Million Expansion Fund (Asia)
India-focused venture capital firm Lightbox Ventures has closed an expansion fund with approximately US$54 million in commitments. Investors in the fund include endowments, pension funds, funds of funds and family offices. The fund will invest in Lightbox’s existing portfolio companies, supporting their further growth. Read More
Actis Sells Globeleq Mesoamerica Energy to Corporacion Multi Inversiones (Latin America)
Growth markets investor Actis and investment management firm Mesoamerica have sold their 100 percent stake in Costa Rica-based renewable energy company Globeleq Mesoamerica Energy (GME) to Guatemala-based conglomerate Corporacion Multi Inversiones. Actis originally acquired a 70 percent stake in GME in 2010. GME has an operating capacity footprint of 394 megawatts across assets in Costa Rica, Honduras and Nicaragua. Financial… Read More