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Warburg Pincus to Invest INR18 Billion in Piramal Realty (Asia)
Global private equity firm Warburg Pincus has agreed to invest INR18 billion (approximately US$284 million) for a minority stake in India-based real estate development company Piramal Realty. The capital raised will be used to expand Piramal Realty’s portfolio and acquire additional land in and around Mumbai. The company currently has more than 10 million square feet under development in the… Read More
Takura Capital to Invest US$33 Million in Zimbabwe-listed Cairns Holdings (Sub-Saharan Africa)
Southern Africa-focused private equity firm Takura Capital will invest US$33 million to acquire a controlling interest in Zimbabwe-listed fast moving consumer goods manufacturer Cairns Holdings. The majority of the new funds will be used to clear the company’s current debts, while additional funds will be used to recapitalize the company. The transaction is pending approval of Zimbabwe’s High Court, and… Read More
Clearwater Partially Exits Diamond Power Infrastructure via Share Sale (Asia)
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has partially exited its stake in India-based cable and conductor manufacturer Diamond Power Infrastructure. Clearwater sold a 2.03 percent stake in the company for INR50.3 million (approximately US$793,000) via open market transactions on the Bombay Stock Exchange and National Stock Exchange between 30 March and 17… Read More
Capital Group, The Rohatyn Group and Concord International to Exit Amoun Pharmaceutical (MENA)
Multinational specialty pharmaceutical company Valeant Pharmaceuticals International has agreed to acquire Egypt-based pharmaceutical company Amoun Pharmaceutical from global private equity firms Capital Group Private Markets and The Rohatyn Group and Egypt-focused investment management company Concord International Investments for US$800 million. Amoun will serve as a platform for Valeant’s expansion in MENA’s pharmaceutical market. The transaction, which is subject to customary… Read More
Shenzhen Fortune Venture Capital Leads a US$100 Million Investment Round in Yoho (Asia)
China-focused venture capital firm Shenzhen Fortune Venture Capital has led a US$100 million Series D round in China-based publishing and e-commerce company Yoho. Additional participants in the round included China-focused private equity and venture capital firms CDH Investments, China Media Capital, SAIF Partners and Telescope Capital, and Temasek Holdings’ subsidiary Vertex Venture Holdings. The company will use the new funds… Read More
KKR Completes a Technical Assistance Project with Philippines-based Glovax Biotech (Asia)
Global investment firm KKR has completed a social enterprise technical assistance project with Philippines-based vaccine company Glovax Biotech. KKR completed the project in collaboration with Singapore-based social enterprise organization Impact Investment Exchange Asia and its sister organization Impact Investment Shujog. Glovax Biotech imports, distributes and retails vaccines to low-to-middle-income Filipinos. Following the technical assistance project, Glovax obtained a US$1 million… Read More
CDC Group Receives GBP735 Million in New Capital from DFID (Pan-Emerging Markets)
The United Kingdom’s Department for International Development (DFID) has announced a GBP735 million (approximately US$1.15 billion) investment, over a three-year period, in development finance institution CDC Group. The new capital injection will allow CDC to target more support to developing countries. Read More
Injaro Investments to Back Ghana-based Agricare (Sub-Saharan Africa)
West Africa-focused impact-oriented fund manager Injaro Investments, through its impact investment fund Injaro Agricultural Capital Holdings (IACHL), has signed an agreement to invest in Ghana-based animal feed producer Agricare. The investment will be structured through IACHL’s Ghanaian subsidiary Injaro Agricultural Venture Capital. Agricare will use the new investment to increase plant utilization, develop a local supply chain and expand its… Read More
Horizon Capital Invests in Ukraine-based Rozetka (CEE and CIS)
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has invested in Ukraine-based e-commerce company Rozetka. The company will use the fresh funds to accelerate its growth by improving its products and services. Financial details of the transaction, which was structured through Emerging Europe Growth Fund II, were not… Read More
Investcorp Acquires a Majority Stake in NDT Corrosion Control Services (MENA)
Investcorp, a global alternative investment manager, has acquired a majority stake in Saudi Arabia-based NDT Corrosion Control Services (NDT CCS), a testing services company for the industrials sector. The firm acquired NDT CCS from Saudi Arabia-based industrials conglomerate Al Shuwayer Group, which founded the company and retains a minority stake. Financial details of the transaction were not disclosed. Read More
Shunwei Capital Raises US$1 Billion for Shunwei China Internet Fund III (Asia)
China-focused venture capital firm Shunwei Capital Partners has closed its third USD-denominated venture capital fund, Shunwei China Internet Fund III, with US$1 billion in capital commitments. The fund originally had a target of US$500 million and was oversubscribed. The vehicle will invest in start-ups focusing on mobile internet, intelligent hardware and rural internet. Shunwei closed its first RMB-denominated fund in… Read More
Expara Ventures’ Regional Early Stage Fund Reaches a SGD5 Million First Close (Asia)
Expara Ventures—a venture capital firm focused on interactive and digital media start-ups in Singapore, Malaysia and Thailand—has reached a first close for its second vehicle, Regional Early Stage Fund, with SGD5 million (approximately US$3.7 million) in capital commitments. The fund, which has a target of SGD30 million (approximately US$22 million), will invest up to SGD500,000 (approximately US$370,000) per transaction in… Read More