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ADM Capital Acquires a Controlling Stake in Chaplin Cinemas (CEE and CIS)
ADM Capital, an investment firm focused on recovery, special situations and event-driven opportunities in emerging markets, has acquired a controlling stake in Kazakhstan-based movie theater operator Chaplin Cinemas. The transaction was structured through two funds managed by ADM: ADM Kazakhstan Capital Restructuring Fund and Kazakhstan Growth Fund. Chaplin Cinemas will use the investment for geographic expansion and improving business processes.… Read More
Tar Heel Capital Acquires an 80 Percent Stake in Transsystem for PLN26 Million (CEE and CIS)
Private equity firm Tar Heel Capital has acquired an 80 percent stake in Poland-based transportation systems producer Transsystem, a company declared bankrupt in August 2012, from the court-appointed receiver, along with the rights to the company’s brand. The transaction, which was structured through Tar Heel Capital II, was valued at PLN26 million (approximately US$8.6 million). Tar Heel intends to rebuild… Read More
Equis Buys a 47 Percent Stake in Oriental Gas (Asia)
Energy and infrastructure investor Equis Funds Group and investment company Runfar Investment Group have participated in a US$43 million financing round for China-based natural gas distributor Oriental Gas. Post-transaction, Equis and Runfar held a 47 percent stake and a 53 percent stake, respectively, in the company. Oriental Gas intends to use the funds to expand its assets, consolidate ownership control… Read More
Warburg Pincus Invests US$50 Million in China ANE Logistics (Asia)
Global private equity firm Warburg Pincus has invested US$50 million in a follow-on round for China-based logistics and courier services provider China ANE Logistics. Warburg Pincus had invested an undisclosed amount in the company earlier this year. China ANE Logistics owns 50 logistics centers and is involved in small parcel shipping. Read More
GIC and Olympus Capital Asia Lead a US$106 Million Investment in Huaxia Dairy Farm (Asia)
Singapore’s sovereign wealth fund GIC and private equity firm Olympus Capital Asia have led a US$106 million investment in China-based milk producer Huaxia Dairy Farm. GIC and Olympus Capital Asia invested US$70 million and US$30 million, respectively, with the remaining US$6 million coming from other existing shareholders, including venture capital firm Grand River Capital. Combined with its previous investments, Olympus… Read More
CDH, CITIC Private Equity and New Horizon-backed Luye Pharma Group Raises US$764 Million in Hong Kong IPO (Asia)
China-based pharmaceutical manufacturer Luye Pharma Group, which is backed by China-focused private equity firms CDH China Management Company, CITIC Private Equity Funds Management and New Horizon Capital, has raised US$764 million in an initial public offering. The company priced its offering at the high end of its indicative price range, selling 999.6 million shares at HKD5.92 (approximately US$0.76) each. Existing… Read More
Goldman-led Group Buys a Stake in Daesung Industrial Gases for US$400 Million; Goldman, ADB and GEF Invest US$140 Million in ReNew Power (Asia)
A consortium led by the private equity arm of Goldman Sachs is buying about a 68 percent stake in South Korea-based industrial gas business Daesung Industrial Gases for US$400 million. Other investors include Lee Min-Joo, former chairman of cable TV provider C&M. As part of the deal, Daesung will have the option of buying back the company at an agreed-upon… Read More
Advent International Agrees to Sell Ultimo to B2Holding (CEE and CIS)
Global private equity firm Advent International has signed an agreement to sell Poland-based debt management company Ultimo to Norway-based specialty finance company B2Holding. In 2006, Advent acquired Ultimo in a secondary buyout from AIG Capital Partners, the private equity investment arm of insurance and financial services firm American International Group. Financial details of the transaction, which is subject to regulatory… Read More
Ethos Private Equity, PIC and DPI Acquire a Controlling Stake in RTT Group (Sub-Saharan Africa)
Private equity fund manager Ethos Private Equity, South Africa-based asset manager Public Investment Corporation (PIC) and private equity firm Development Partners International (DPI) have acquired around an 80 percent stake in South Africa-based parcel distribution company RTT from investors Actis, Rand Merchant Bank and Old Mutual. Ethos’s investment was structured through its third fund and DPI’s contribution was structured through… Read More
Tembusu Partners Commits US$7.5 Million to Param Mitra Coal Resources (Asia)
Param Mitra Coal Resources, which owns two operating coal mines in Indonesia, has secured a US$7.5 million investment from private equity investor Tembusu Partners. The transaction was structured through Tembusu’s Growth Fund II. This is part of a US$20 million financing round underwritten by The Islamic Bank of Asia, a Singapore-based joint venture between DBS Bank and investors from the… Read More
Amethis Finance Holds a US$530 Million Final Close (Sub-Saharan Africa)
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has reached a final close on its first Africa-dedicated fund with US$530 million in capital commitments. Fifty-five investors committed to the fund, including European, American and African institutions, as well as entrepreneurs and family offices from Europe and the United States. Amethis has already invested… Read More
Venture Partners Mexico Reaches a First Close of Venture Innovation Fund II (Latin America)
Venture capital firm Venture Partners Mexico has reached a first close of its second fund, Venture Innovation Fund II. Investors included United States-based fund of funds Northgate Capital. The Mexico-focused fund will target early-stage investments in the health care, financial services and consumer internet sectors. Financial details were not disclosed. Read More