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Lakeshore Capital Fund I Reaches a Final Close with US$60 Million in Capital Commitments (Asia)
Thailand-focused private equity firm Lakeshore Capital Asia has closed Lakeshore Capital Fund I with US$60 million in capital commitments. Investors included development finance institution International Finance Corporation, which committed up to US$20 million. The fund has already invested in two companies and plans to make five to eight investments in total. Read More
Horizon Capital to Sell Its Stake in Ciklum to the Ukrainian Redevelopment Fund (CEE and CIS)
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, will sell its entire stake in Ukraine-based IT service provider Ciklum to the Ukrainian Redevelopment Fund, a fund managed by private investment advisor Soros Fund Management. Horizon Capital originally invested in Ciklum in 2012. Financial details of the transaction, which… Read More
Aavishkaar and Pearson Affordable Learning Fund Invest US$2.3 Million in Karadi Path (Asia)
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar and Pearson Affordable Learning Fund, the impact investing fund of global education company Pearson, have invested US$2.3 million in a Series A financing round for India-based English language learning company Karadi Path. Aavishkaar’s investment was structured through Aavishkaar India II. Karadi Path plans to use the new capital to expand into… Read More
Actis, RMB Westport and Paragon Sell Ikeja City Mall to Hyprop Investments and Attacq (Sub-Saharan A
Pan-emerging markets private equity firm Actis, Sub-Saharan Africa real estate investment management and development group RMB Westport and Nigeria-focused investor group Paragon Holdings have sold Nigeria-based retail mall Ikeja City Mall to South Africa-focused real estate investment trust Hyprop Investments and Johannesburg Stock Exchange-listed real estate capital growth fund Attacq. Actis sold a 60 percent stake while Paragon and RMB… Read More
KKR Invests in China-based Yuehai Feed Group (Asia)
Global investment firm KKR has completed an investment in China-based aquatic feed company Yuehai Feed Group. The transaction was structured through KKR’s China Growth Fund. KKR reportedly paid around US$100 million for a significant minority stake. Yuehai, which provides feed and nutrition solutions for shrimp and seawater fish farming, intends to use the new capital to increase output and expand… Read More
Al Masah Capital Acquires a Majority Stake in Sabari Indian School (MENA)
MENA- and Southeast Asia-focused alternative investment management firm Al Masah Capital has acquired a majority stake in United Arab Emirates-based Sabari Indian School, a primary school with a total capacity of 900 students from kindergarten to grade 12. The transaction was structured through Al Masah Capital’s education-focused private equity platform Al Najah Education. The acquisition is part of the firm’s… Read More
Nexus Group Partially Exits Peru-based Cineplex (Latin America)
Peru-focused private equity firm Nexus Group has sold a 9.94 percent stake in Cineplex, a Peru-based company that owns and operates cinema chain Cineplanet. Nexus Group, which is a shareholder in Cineplex via its subsidiary Nexus Films, continues to hold a 90.5 percent stake in the company. Financial details of the transaction were not disclosed. Read More
Golden Gate Ventures Invests More Than US$6 Million in Six Companies (Asia)
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has invested more than US$6 million across six companies in Thailand, Indonesia and Malaysia. The Thailand-based companies that received investment were Claim Di, a mobile application for facilitating claims between drivers and insurance companies, and Stamp, a third-party identity verification company. In Indonesia, Golden Gate Ventures backed Alodokter, an online health… Read More
Warburg Pincus to Inves Apteki Gemini;China Huarong Asset Management Completes an IPO (CEE and CIS)
Global private equity firm Warburg Pincus has agreed to invest in Poland-based pharmacy company Apteki Gemini. The new capital will be used to expand the company’s traditional and e-commerce business. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Separately, Warburg Pincus-backed China Huarong Asset Management, a China-based distressed debt manager, has raised HKD17.8 billion… Read More
Adenia Partners Exits Madagascar-based Hôtel du Louvre (Sub-Saharan Africa)
Sub-Saharan Africa-focused private equity firm Adenia Partners has exited Hôtel du Louvre, a business hotel located in Antananarivo, Madagascar, to a group of undisclosed local investors. The transaction was structured through Adenia Capital I. Adenia originally invested in the company in 2006. Financial details of the transaction were not disclosed. Read More
ReNew Power Raises US$265 Million from GEF, Goldman Sachs and Abu Dhabi Investment Authority (Asia)
India-based clean energy company ReNew Power Ventures has raised US$265 million in a round of funding from global alternative asset manager Global Environment Fund (GEF), the private equity arm of investment bank Goldman Sachs and sovereign wealth fund Abu Dhabi Investment Authority (ADIA). GEF invested up to US$15 million, while Goldman Sachs contributed US$50 million. ADIA, which led the round,… Read More
The Carlyle Group and Vinci Partners to Invest in Brazil-based Uniasselvi (Latin America)
Global alternative asset manager The Carlyle Group and Brazil-focused alternative investment and asset management firm Vinci Partners have agreed to invest in Brazil-based education company Uniasselvi, a subsidiary of Kroton Educacional. The transaction will be structured through Carlyle’s South America Buyout Fund and Fundo Brasil de Internacionalização de Empresas II FIP (FBIE), a local fund advised by Carlyle and Banco… Read More