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İş Private Equity Exits Aras Cargo to an Austrian Company for TRY100 Million (CEE and CIS)
İş Private Equity, a private equity firm focused on Turkish small- and medium-sized enterprises, has agreed to sell a 20 percent stake in Aras Cargo, a Turkey-based shipping and packaging company, to Austria Post for TRY100 million (US$53 million). Austria Post is a logistics and postal services provider in Austria, and will use the investment in Aras Cargo to enter… Read More
Portable Sanitation Services Firm Saraplast Gets Funding from responsAbility (Asia)
responsAbility Investments, an asset manager specializing in emerging economies, has invested in Saraplast, an India-based manufacturer of sanitary facilities and a provider of liquid waste management. Saraplast has proposed a pay-and-use model for its sanitation services and is working to improve sanitation facilities in schools. Financial details of the transaction were not disclosed. Read More
ADM Capital Completes Follow-on Investment in Labnet Holding (CEE and CIS)
ADM Capital, an investment firm focused primarily on recovery, special situations and event-driven opportunities in emerging markets, has completed a follow-on investment in Labnet Holding, a Kazakhstan-based company that owns and operates medical laboratories and service centers across Kazakhstan, Kyrgyzstan and Russia. The investment is structured through ADM Capital’s Kazakhstan Growth Fund and follows ADM Capital’s original 2012 investment in… Read More
Indonesia-Based Online Retailer Lazada Raises Another US$100 Million (Asia)
Lazada, an Indonesia-based online retail sales company focused on Southeast Asia, has secured US$100 million in funding from European investors, including from existing stakeholder Summit Partners, a growth equity and credit investor. Apart from Summit Partners, existing investors that are also participating in the investment round include J.P. Morgan; the venture capital arm of Germany’s Holtzbrink publishing group; Kinnevik, a… Read More
Advent Acquires 50 Percent Stake in Colombia’s Alianza Fiduciaria (Latin America)
Global private equity firm Advent International will acquire a 50 percent stake in Alianza Fiduciaria, a Colombia-based asset management company, from the Colombian investment group Organización Delima. The agreement represents the first step in a process by which Advent International will become a shareholder in Alianza Fiduciaria. Financial details of the transaction were not disclosed. Read More
Evercore Mexico Closes Fund III on US$201 Million (Latin America)
Evercore Mexico Capital Partners (EMCP), the Mexican private equity business of investment banking firm Evercore Partners, has raised US$201 million for Evercore Mexico Capital Partners III (EMCP III). EMCP III, which was launched in the second quarter of 2012, will employ EMCP’s strategy of making minority investments in high-growth, family-owned and privately held Mexican companies. EMCP III plans to invest… Read More
The Abraaj Group Acquires 100 Percent Stake in African Frozen Dairy Business (Sub-Saharan Africa)
The Abraaj Group, an investor operating in the growth markets of Asia, Africa, Latin America and the Middle East, has agreed to acquire a 100 percent stake in Ghana-based Fan Milk International (FMI), a manufacturer and distributor of frozen dairy products and juices in West Africa. FMI intends to embark on further growth into new markets within Africa. Financial details… Read More
Investcorp’s Gulf Fund Acquires a 38 Percent Stake in Saudi Arabia’s Al Yusr Industrial Contracting Company (MENA)
Investcorp, a Bahrain-based manager of alternative investment products, has agreed to acquire a 38 percent stake in Al Yusr Industrial Contracting Company, a provider of technical industrial support services to the petrochemical, oil and gas sectors in Saudi Arabia and Qatar. The investment was structured through Investcorp’s Gulf Opportunity Fund. Financial details of the transaction were not disclosed. Read More
ChrysCapital Acquires 4 Percent Stake in Infotech Enterprises (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has acquired a 4 to 4.5 percent stake in India-based Infotech Enterprises from venture capital firm Sequoia Capital India. Infotech Enterprises is an IT services firm that provides engineering solutions to organizations worldwide, and is listed on both the National Stock Exchange of India and the Bombay Stock Exchange.… Read More
CITIC Capital Raises US$683 Million for Its Retail Property Fund (Asia)
CITIC Capital, a China-based alternative investment management and advisory firm, has held a final close of US$683 million on its China Retail Properties Investment Fund, exceeding the original target of US$600 million. Since the first closing in late 2011, the fund has invested US$250 million into three projects located in Hunan province, Anhui province and Shanghai. This is CITIC Capital’s… Read More
Carlyle Sells Yashili to China Mengniu Dairy (Asia)
Global alternative asset manager The Carlyle Group has agreed to sell its entire 24 percent stake in Yashili International Holdings, a Hong Kong-listed baby formula producer, for roughly HKD3 billion (approximately US$387 million) in a strategic sale to China Mengniu Dairy, a China-based milk producer. Yashili's controlling shareholder, Zhang International Investment, will accept a shares-and-cash combined offer and intends to… Read More
Warburg Invests US$600 Million in African Oil and Gas (Sub-Saharan Africa)
Global private equity firm Warburg Pincus has agreed to lead an investment of up to US$600 million in Delonex Energy, an energy exploration and production company focused on Central and East Africa. Warburg Pincus, which recently closed its eleventh fund on US$11.2 billion, will become the largest shareholder in the company. Delonex Energy intends to access opportunities in the East… Read More