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Ethos Private Equity to Acquire Nampak’s Tissue, Corrugated and Sacks Divisions (Sub-Saharan Africa)
South Africa-focused private equity fund manager Ethos Private Equity has agreed to acquire South Africa-based packaging manufacturer Nampak’s tissue, corrugated and sacks divisions for a total purchase price of ZAR1.6 billion (approximately US$143 million). The transaction, which was structured through Ethos Fund IV, is subject to regulatory approval and de-merger and supply arrangements with Nampak and is expected to close… Read More
Riverwood Capital Acquires 100 Percent of Brazil-based Conductor (Latin America)
Private equity firm Riverwood Capital has acquired 100 percent of Brazil-based payment processing solutions provider Conductor. The company, which processes credit card transactions for retailers across Brazil, intends to accelerate its research and development activities and expand its range of services. Financial details of the transaction were not disclosed. Read More
Navis Capital Partners-led Consortium Buys MFS Technology for US$95 Million (Asia)
A consortium led by Southeast Asia-focused private equity firm Navis Capital Partners has acquired Singapore-based MFS Technology, a provider of flexible printed circuit solutions to blue-chip customers, for US$95 million. The consortium also included mid-market private equity firm Novo Tellus Capital Partners, an unnamed Singapore-based technology-focused private equity fund and the incoming management team led by CEO Tan Bian Ee.… Read More
CDH Investments-backed eHi Car Services Raises US$120 Million in IPO (Asia)
China-based car rental company eHi Car Services has raised US$120 million through an initial public offering (IPO) on the New York Stock Exchange. The company sold ten million shares at US$12 apiece, the bottom end of the indicative range. eHi Car Services is backed by private equity and venture capital firms CDH Investments, Qiming Venture Partners, Jafco Asia, New Access… Read More
Elbrus Capital Leads the Acquisition of Mail.Ru Group’s Shares in HeadHunter (CEE and CIS)
A consortium of investors led by Russia and CIS-focused private equity firm Elbrus Capital has agreed to acquire Russia-based online recruitment company HeadHunter from London-listed Russian internet company Mail.Ru Group for RUR9.85 billion (approximately US$208 million). Following the deal, the company intends to build up its mobile platform, launch new products and enter new markets. The acquisition is subject to… Read More
Credence Partners Completes Buyout of Seafood Processor Fassler Gourmet (Asia)
Southeast Asia-focused private equity firm Credence Partners has acquired 100 percent of Singapore-based Fassler Gourmet, a company specializing in seasoning, smoking, slicing and packing salmon and ocean trout. The transaction was structured through Credence Fund II. Credence intends to work with the Fassler Gourmet management team to expand its customer reach and improve its operational processes. Financial details of the… Read More
CITIC Capital Partners and Hillhouse Capital Participate in a US$75 Million Financing Round for BeiGene (Asia)
China-based oncology company BeiGene has raised a financing round of more than RMB450 million (approximately US$75 million) from a group of investors including CITIC Capital Partners, the private equity arm of CITIC Capital Holdings, and Asia-focused investment firm Hillhouse Capital. The round also included existing angel and strategic investors. BeiGene intends to use proceeds from the financing round for clinical… Read More
Enterprise Investors Partially Exits Skarbiec (CEE and CIS)
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, has partially exited Poland-based asset management business Skarbiec through an IPO on the Warsaw Stock Exchange. The transaction generated proceeds of EUR10.2 million (approximately US$12.7 million), with Enterprise Investors listing a 20 percent stake of the company and retaining a 75 percent holding. Enterprise Investors originally invested EUR40 million (approximately… Read More
Middle East Venture Partners Agrees to Sell Its Stake in Shahiya.com to Cookpad (MENA)
Tokyo-listed online recipe portal Cookpad has reached a definitive agreement to acquire Netsila, the Lebanon-based company behind Arabic language recipe website Shahiya.com, for US$13.5 million. Cookpad’s acquisition will facilitate an exit for MENA-focused venture capital firm Middle East Venture Partners (MEVP). MEVP originally invested in the company in 2012. Subject to customary closing conditions, the acquisition is expected to close… Read More
KKR Provides Long-term Financing to Amtek Auto, Agrees to Jointly Invest in United Envirotech with CITIC (Asia)
Global investment firm KKR has agreed to provide Singapore-based Amtek Global Technologies (AGT), a subsidiary of India-listed automotive component manufacturer Amtek Auto, with EUR235 million (approximately US$293 million) in long-term financing, intended to replace its existing bridge loan and consolidate the company’s existing debt. This facility will also act as a catalyst to help integrate Amtek Auto's existing international operations… Read More
TVM Capital Healthcare Partners Launches Offer to Buy a Majority Stake in Ameco Medical Industries (MENA)
Private equity and growth capital firm TVM Capital Healthcare Partners has launched a mandatory tender offer to buy a majority stake in Egypt-listed Ameco Medical Industries, a company that designs and manufactures catheters. The move is part of a deal with commercial bank National Bank of Egypt and mutual fund manager Al Ahly Funds and Portfolio Management to purchase 100… Read More
Advent International’s LAPEF VI Reaches a US$2.1 Billion Final Close (Latin America)
Global private equity investor Advent International has closed Advent Latin American Private Equity Fund VI (LAPEF VI) with US$2.1 billion in capital commitments, reaching the fund’s hard cap. More than 60 institutional investors participated in LAPEF VI, including public and corporate pension funds, endowments and foundations, funds of funds, sovereign wealth funds, family offices and other financial institutions. LAPEF VI… Read More