GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
The Abraaj Group Acquires a Minority Stake in Algeria-based Cellulose Processing (MENA)
Global growth markets investor The Abraaj Group has acquired a minority stake in Algeria-based baby diaper and feminine sanitary pad manufacturer and distributor Cellulose Processing (CEPRO). The transaction was structured through Abraaj North Africa Fund II. Abraaj intends to work with CEPRO to increase the company’s production capacity and efficiency, diversify its product offering, enhance marketing efforts and expand its… Read More
Warburg Pincus, Matrix Partners, Sequoia Capital and GSR Ventures Invest in Yunniao.me (Asia)
Global private equity firm Warburg Pincus has led a US$100 million Series C financing round for Yunniao.me, a China-based online-to-offline courier service. Existing investors, venture capital firms Matrix Partners, Sequoia Capital and GSR Ventures, also participated in the round. Yunniao.me intends to use the new capital to improve research and development and to expand its services to more cities in… Read More
Zai Lab Raises More than US$100 Million from Advantech Capital, OrbiMed Advisors and Others (Asia)
Advantech Capital, a China-focused private equity fund, has led a Series B financing round of more than US$100 million for China-based biopharmaceutical company Zai Lab. Healthcare-focused investment firm OrbiMed Advisors and existing investors, venture capital firms Qiming Ventures, Sequoia Capital China and TF Capital, also participated in the round. Zai Lab intends to use the new capital to support its… Read More
Global Environment Fund Buys Stake in Tecverde Engenharia for BRL20 Million (Latin America)
Global alternative asset manager Global Environment Fund has invested BRL20 million (approximately US$5 million) in Brazil-based engineering company Tecverde Engenharia for a 35 percent to 40 percent stake. Tecverde produces building materials used in home construction. Read More
Gulf Capital Reaches a First Close for Gulf Credit Opportunities Fund II (MENA, Sub-Saharan Africa)
Middle East-focused alternative asset manager Gulf Capital has reached a first close for its second credit and mezzanine fund, Gulf Credit Opportunities Fund II, with US$175 million in capital commitments. The fund, which has a target of US$250 million and hard cap of US$300 million, will provide financing to mid-market companies operating in the Middle East, North Africa, Turkey and… Read More
Olympus Capital Asia Invests US$30 Million in CreditAccess Asia (Asia)
Asia-focused middle market private equity firm Olympus Capital Asia has agreed to invest at least US$30 million in CreditAccess Asia, an Asia-focused microfinance operator active India and Southeast Asia. CreditAccess Asia plans to use the new capital to expand its retail lending operations across Asia. Read More
Highlander Partners Acquires a Majority Stake in QFG and Exits MEDI-system (CEE and CIS)
North America- and Central Europe-focused private equity firm Highlander Partners has acquired a 60 percent stake in QFG, a Poland-based producer of meat products for convenience food retailers. The company plans to use the new funds to increase its production capacity. Separately, Highlander Partners has sold a 50 percent stake in Poland-based long-term dependency care provider MEDI-system to ORPEA, a… Read More
PAG Asia Capital Reaches a US$3.6 Billion Final Close for PAG Asia II (Asia)
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has reached a final close for its second Asia-focused buyout fund, PAG Asia II, with US$3.6 billion in capital commitments. The fund, which was oversubscribed, will target major markets in Asia with a focus on buyout opportunities. Read More
Black River Asset Management Acquires Brazil-based Sugarcane Mills (Latin America)
Global asset management company Black River Asset Management has completed the purchase of two Brazil-based sugarcane mills from Brazil-based sugar and ethanol company Ruette Group. The deal totaled BRL830 million (approximately US$209 million), including BRL530 million (approximately US$134 million) in debt financing. The transaction was structured through Black River Agriculture Fund 2. Read More
Sequoia Capital Leads an INR400 Million Series A Financing Round for B9 Beverages (Asia)
Venture capital firm Sequoia Capital has led an INR400 million (approximately US$6 million) Series A financing round for India-based craft brewery B9 Beverages, which markets the brand Bira 91. A number of angel investors also participated in the round. The company intends to use the new capital for marketing and for establishing a new plant in the Indian state of… Read More
Actis Agrees to Exit Its Stake in Guatemala-based Energuate to I.C. Power (Latin America)
Pan-emerging markets private equity firm Actis has agreed to sell Guatemala-based private electricity distribution company Energuate to I.C. Power, a developer and operator of power generation facilities in Latin America, for US$229.5 million. I.C. Power will acquire the company from Deorsa-Deocsa Holdings, an investment company of Actis. The acquisition is subject to customary closing conditions and is expected to close… Read More
Mid Europa Partners Agrees to Sell Bité Group to Providence Equity Partners (CEE and CIS)
Mid Europa Partners, a private equity firm focused on Central and Eastern Europe and Turkey, has agreed to sell Bité Finance International (Bité Group), a mobile operator focused on the Baltic countries, to global private equity firm Providence Equity Partners. Bité Group provides a range of mobile services, internet access and data services for business and residential customers, primarily in… Read More