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KKR Agrees to Sell Ferry Operator U.N. Ro-Ro to Esas Holding and Actera Group for EUR700 Million (CEE and CIS)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to sell its stake in Turkey-based ferry operator U.N. Ro-Ro Isletmeleri to private equity firms Esas Holding and Actera Group. The transaction amount is reported to be around EUR700 million (approximately US$936 million). KKR originally acquired a 97.6 percent stake in the company for EUR910 million (approximately US$1.2 billion)… Read More
WH Group Raises US$2.1 Billion in Hong Kong IPO (Asia)
China-based pork producer WH Group has raised US$2.1 billion in an initial public offering on the Hong Kong Stock Exchange. Backed by China-focused private equity firm CDH Investments, Singaporean sovereign wealth fund Temasek Holdings and global banking, securities and investment management group Goldman Sachs, WH Group offered 2.57 billion shares at a price of HKD6.20 (approximately US$0.80) per share. The… Read More
ACON Investments Reaches a US$515 Million Final Close for Its Latest Latin America Fund (Latin America)
ACON Investments, a private equity investment firm focused on the middle market in the United States and Latin America, has reached a final close on its most recent Latin America-focused middle market fund, ACON Latin America Opportunities Fund IV (ALAOF IV), with US$515 million in capital commitments. ALAOF IV, which was oversubscribed, is a pan-regional fund with a mandate to… Read More
IDFC Alternatives Exiting Maharashtra Natural Gas (Asia)
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, is exiting its five-year old investment in India-based natural gas distributor Maharashtra Natural Gas (MNGL) to India-based compressed natural gas supplier Indraprastha Gas (IGL). IGL will acquire up to a 50 percent stake in MNGL for INR1.9 billion (approximately US$31 million). Existing investor private equity firm IL&FS Investment… Read More
IDG Leads US$100 Million Series B Round for China Online Grocer (Asia)
China-focused venture capital firm IDG Capital Partners has led a US$100 million Series B financing round for China-based online grocer Womai.com, with participation from an existing backer, Asia-focused private equity firm SAIF Partners. With operations in Beijing and Shanghai, Womai specializes in selling imported products directly to Chinese consumers concerned about food safety and quality. The company will use the… Read More
The Abraaj Group Exits Investments in Angola-based Fibrex and Peru-based Iasacorp (Sub-Saharan Africa, Latin America)
Global growth markets investor The Abraaj Group has exited its investment in Angola-based Fibrex, a manufacturer of plastic pipe products used in the construction industry. The Abraaj Group originally invested in the company in 2007. Separately, The Abraaj Group has exited its investment in Peru-based women’s accessories retailer Iasacorp, selling its entire stake to Peru-based MCKPITAL, the family office of… Read More
Mid Europa Partners Holds Final Closing of Fund IV (CEE and CIS)
Central and Eastern Europe-focused private equity firm Mid Europa Partners has reached a final close on its latest fund, Mid Europa Fund IV, with EUR800 million (approximately US$1.07 billion) in capital commitments. The fund will be complemented by an additional pre-allocated co-investment program of EUR650 million (approximately US$873 million). Fund IV will target companies in high-growth sectors across Central and… Read More
African Frontier Capital Exits Electro-Maxx (Sub-Saharan Africa)
Africa-focused investment group African Frontier Capital has exited its stake in Uganda-based power generator Electro-Maxx. The company owns and operates two heavy fuel oil power plants in Tororo, Uganda, totaling 90 megawatts of installed capacity. Financial details of the transaction were not disclosed. Read More
Colombia-focused Velum Ventures Announces Its First Three Investments (Latin America)
Colombia-focused early-stage technology investor Velum Ventures has announced the commencement of operations of its maiden fund, Velum Early Stage Fund I, and the completion of investments into three Colombia-based companies: CiudadDeMascotas.com and FloresYMas.co, e-commerce sites specializing in pet products and floral arrangements, respectively, and Cocina33.com, an e-learning platform for culinary arts and gastronomy. Financial details of the three transactions were… Read More
Blackstone Announces Two New Partnerships in Sub-Saharan Africa and Southeast Asia (Asia, Sub-Saharan Africa)
Global investment and advisory firm The Blackstone Group has announced that Black Rhino, a South Africa- and Senegal-based infrastructure development company backed by Blackstone Energy Partners and affiliated funds, will partner with West African industrial conglomerate Dangote Industries to jointly invest up to US$5 billion over the next five years in energy infrastructure projects across Sub-Saharan Africa. The partnership will… Read More
PAG to Exit Haitong Securities via US$219 Million Sell Down (Asia)
Asia-focused alternative investment fund manager PAG will raise approximately HKD1.7 billion (approximately US$219 million) through the sale of 130.7 million shares in China-based financial services conglomerate Haitong Securities. PAG acquired 219.7 million shares in Haitong for US$300 million in the company’s April 2012 IPO and sold 89 million shares for HKD1.16 billion (approximately US$150 million) in February 2013. The latest… Read More
Tiger Global and Naspers Lead US$1 Billion Round for Flipkart (Asia)
Indian e-commerce platform Flipkart has raised US$1 billion in a new funding round co-led by existing investors alternative investment firm Tiger Global and global internet services company Naspers. Singapore’s sovereign wealth fund GIC, Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management and Sofina also participated in the round. The new funding, which will be used for long-term strategic… Read More