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ChrysCapital Starts Selling Stake in JMT Auto (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has started selling its stake in India-based automobile component manufacturer JMT Auto, exiting 1.49 million shares, or a little over a ten percent stake, through block deals for INR192 million (approximately US$3 million). ChrysCapital originally invested in the company in 2006 and will make a reported marginal profit of… Read More
3TS Capital Partners Announces First Closing of TCEE Fund III at EUR103 Million (CEE and CIS)
Central and Eastern Europe-focused private equity firm 3TS Capital Partners has announced the first closing of its latest fund, TCEE Fund III, with EUR103 million (approximately US$136 million) in capital commitments. TCEE Fund III will continue the firm’s focus on growth capital investments in the broader telecommunications, media and technology sectors. Limited partners committing to the fund include Cisco Systems,… Read More
Baring Vostok Funds Pocket US$327 Million from Yandex Stake Sale (CEE and CIS)
Baring Vostok, a private equity firm operating in Russia and the CIS, has sold a three percent stake in Russia-based online search engine operator Yandex for US$327 million. Baring Vostok funds have steadily reduced their stake in the internet company from 16 percent as of December 2012 to about 7 percent after the latest sale. In March, Baring Vostok funds… Read More
CID Group Closes Taiwan Fund (Asia)
Private equity firm CID Group has held a final close on its latest fund, CID Greater China Fund IV, with US$50 million in capital commitments. The fund, which will include an additional US$50 million of CID Group’s capital to total US$100 million, will focus on investments in semiconductor businesses in Taiwan. CID Group’s previous funds, Fund II and Fund III,… Read More
MSPEA Partially Exits China-Based Sihuan Pharmaceutical Holdings (Asia)
Asia Pacific private equity investor Morgan Stanley Private Equity Asia (MSPEA) has sold a 6.8 percent stake in Sihuan Pharmaceutical Holdings, a China-based pharmaceutical manufacturer, along with the company’s management. The shareholders sold 100 million and 250 million shares, respectively, for a total sell-off of 350 million shares. Through the transaction, MSPEA reduced its stake from 7.17 percent to 5.24… Read More
Darby Private Equity Invests in Uruguay-Based Grupo Bioerix (Latin America)
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has invested in Uruguay-based pharmaceutical and medical products supplier Grupo Bioerix. Financial details of the transaction, which was structured through Darby Latin American Mezzanine Fund II, were not disclosed. Bioerix imports and distributes technology, equipment and supplies for medical use. The company intends to use the new capital to… Read More
The Abraaj Group Backs Pharmaceutical Company Steripharma (MENA)
Global growth markets investor The Abraaj Group has announced an investment in Morocco-based manufacturer and marketer of pharmaceutical products Steripharma. The company intends to use the capital injection to build a new plant and to develop the company’s exports, primarily to the private sector of North and Sub-Saharan Africa. Financial details of the transaction were not disclosed. Read More
Warburg Pincus Invests in China-Based Health Center Amcare (Asia)
Global private equity firm Warburg Pincus has completed an investment in China-based health care provider Amcare Women’s and Children’s Hospital. Amcare, which previously received an RMB250 million (approximately US$40 million) investment in 2011 from investment banking and research service company China International Capital Corp., currently operates three hospitals and one postpartum care center. Amcare intends to use the new financing… Read More
Lombard Investments Closes Fourth Asia Fund; Exits Taiwanese Auto Parts Company (Asia)
Private equity investment manager Lombard Investments has announced a final close on its fourth Asia fund, Lombard Asia IV, hard-capped at US$350 million. The oversubscribed fund reached a first close in September 2012 with US$200 million in capital commitments. Investors in the fund, which will largely focus on growth capital or buyout investments in Thailand, include Overseas Private Investment Corporation… Read More
Pearl Capital Partners and Voxtra Invest in Ugandan Poultry Company Biyinzika Enterprises (Sub-Saharan Africa)
Pearl Capital Partners (PCP), an East Africa-focused agriculture investment firm, and philanthropic foundation Voxtra have completed a joint investment in Uganda-based poultry company Biyinzika Enterprises. The transaction was structured through PCP’s African Agricultural Capital Fund and the Voxtra East Africa Agribusiness Fund. Biyinzika produces day-old chicks for small-scale and commercial-scale poultry farmers, and intends to use the capital injection to… Read More
TRPE Venture Partners Completes First Close for Technology Fund (CEE and CIS)
Turkey-focused private equity investment firm TRPE Capital has announced the first close of TRPE Venture Partners Fund I. With a final target of US$25 million, the fund, which is expected close in 2014, will invest in Turkey-based seed and early stage information and communications technology companies. In recognition of its first two capital commitments from Canadian investment firm Wesley Clover… Read More
LeapFrog Investments Raises Over US$200 Million for Emerging Consumer Fund (Global)
Emerging markets fund manager LeapFrog Investments has announced the first close of its second fund at US$204 million. LeapFrog Fund II will target equity investments of up to US$60 million in companies that provide financial services to emerging consumers and will continue to focus on LeapFrog’s priority markets of Indonesia, the Philippines, India, Sri Lanka, Kenya, South Africa, Nigeria and… Read More