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AfricInvest Invests in Broron Oil & Gas (Sub-Saharan Africa)
AfricInvest Group, a private equity house focused on North and Sub-Saharan Africa, has invested a reported US$20 million in Nigeria-based oil and gas company Broron Oil & Gas. The transaction was structured through AfricInvest Fund II. Broron Oil & Gas provides offshore support to international oil companies in Nigeria and the Gulf of Guinea. Read More
The Carlyle Group Exits Tirumala Milk Products (Asia)
French dairy firm Groupe Lactalis has acquired a 100 percent stake in India-based dairy company Tirumala Milk Products for a reported US$250 million to US$300 million, allowing global alternative asset manager The Carlyle Group to exit its 26.4 percent stake in the company. The Carlyle Group originally invested US$22 million in Tirumala in 2010. The company sells a range of… Read More
IMM Private Equity Invests KRW200 Billion in Cable TV Operator T-Broad Holdings (Asia)
South Korea-focused private equity firm IMM Private Equity has acquired a 21 percent stake in T-Broad Holdings, a South Korea-based cable operator, for KRW200 billion (approximately US$187 million). The transaction, which was structured through IIM’s second fund, RoseGold II, was made in two tranches: KRW100 billion (approximately US$93.5 million) in common stock and the same amount in convertible preferred shares.… Read More
BVCF Leads Series A Financing Round in Chinese Joint Venture (Asia)
Life sciences-focused private equity and growth capital investor BVCF has led an RMB45 million (approximately US$7.4 million) Series A financing round for China-based Kunshan RiboQuark Pharmaceutical Technology, a clinical stage pharmaceutical joint venture between pharmaceutical developer Quark Pharmaceuticals and research and development company Ribo Life Science. SBI Incubation—a subsidiary of SBI Group of Japan—Kunshan Industrial Technology Research Institute Investment and… Read More
Asian Healthcare Fund Leads a Series B Round in Forus Health (Asia)
Asian Healthcare Fund, a private equity fund focused on India’s healthcare and life sciences sector, has led an INR500 million (approximately US$8 million) Series B funding round in India-based medical device manufacturer Forus Health. Two existing investors, venture capital firms Accel Partners and IDG Ventures India, also participated in the round. The company, which previously raised US$5 million from Accel… Read More
CNEI Invests US$16.3 Million in Juxin International Leasing (Asia)
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested an additional US$16.3 million in China-based leasing company Juxin International Leasing, increasing its stake to 19.1 percent. CNEI originally led a US$20 million Series B investment round for a 12.1 percent stake in the company in December 2012. Juxin delivers tailored leasing solutions to public higher education institutes… Read More
Black River Capital Partners Food Fund Increases Stake in AgriNurture (Asia)
Global asset management company Black River Asset Management has increased its stake in Philippines-listed food processing and export company AgriNurture (ANI) from 28.1 percent to 30.9 percent with the acquisition of 15 million shares from Antonio L. Tiu, president and chairman of ANI. The transaction was structured through the Black River Capital Partners Food Fund. Last month the company also… Read More
China Developer Greenland Raises RMB11.7 Billion from Five Private Equity Investors (Asia)
Chinese state-owned conglomerate Greenland Holding Group has raised a total of RMB11.7 billion (approximately US$1.9 billion) from five private equity investors by issuing 2.09 billion additional shares. The two largest investors were Shenzhen Ping An Innovation Capital, China Ping An Trust & Investment Company’s principal investment arm, which purchased 1.04 million shares for RMB5.8 billion (approximately US$948.6 million), and a… Read More
Advent International and Alothon Exit Atmosfera Group (Latin America)
Global private equity firm Advent International and Brazil-focused private equity firm Alothon Group have signed a definitive agreement to sell Brazil-based industrial laundry company Atmosfera to Elis, a French linen rental and laundry services company. Atmosfera processes 95,000 tons of linen annually from eight plants. The acquisition will be funded by a combination of debt and equity financing. Financial details… Read More
Intaj Capital II Invests in Fitness One Vega (MENA)
Private financial services group Swicorp has invested in Jordan-based health and fitness club management business Fitness House Company (Fitness One). The transaction was structured through Swicorp’s Intaj II vehicle. Fitness One owns and operates fitness centers, including six women-dedicated fitness centers, and “Vega” centers offering diving, rock climbing and mixed martial arts. Over the next three years, the company plans… Read More
The Carlyle Group Invests in Global Health, Exits Stake in Medical Park (Asia, CEE and CIS)
Global alternative asset manager The Carlyle Group has made a minority investment in India-based hospital and healthcare provider Global Health. The transaction, which was structured through Carlyle Asia Partners III, included the acquisition of an equity stake held by global investment firm Avenue Capital Group. Financial details of the transaction were not disclosed. In a separate deal, The Carlyle Group… Read More
KKR to Buy a 100 Percent Stake in NBFC Motichand Finance (Asia)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) is picking up a 100 percent stake in India-based non-banking finance company (NBFC) Motichand Finance. According to reports, KKR India Asset Investments will acquire over 50 percent in Motichand through a fresh subscription of shares, after which Motichand’s existing shareholder KKR Capital Markets India will transfer its entire shareholding in the… Read More