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Moscow Exchange Holds US$500 Million Initial Public Offering (CEE and CIS)
Russia’s Moscow Exchange (MICEX-RTS) began trading its shares at the initial public offering price of RUB55 (approximately US$1.82), raising a total of RUB15 billion (approximately US$500 million). The exchange, which will only be listed in Moscow, was backed by the Russian Direct Investment Fund (RDIF), the European Bank for Reconstruction and Development (EBRD), China Investment Corporation (CIC), and private investment… Read More
Bain Capital Sells Shares of Greatview Aseptic Packaging (Asia)
Global investment firm Bain Capital has sold 110 million shares of Chinese packaging materials manufacturer Greatview Aseptic Packaging on the Hong Kong Stock Exchange for HKD533.5 million (approximately US$68.8 million). The shares were owned by Bain Capital Fund IX, which retains over 174 million shares, representing 13.07 percent of the company’s total equity shares. Bain originally invested US$40 million in… Read More
AFIG Purchases Two Companies from Impaxis Capital (Sub-Saharan Africa)
Advanced Finance & Investment Group (AFIG), a private equity firm focused on Sub-Saharan Africa, has invested US$14 million in two Senegalese companies: downstream oil company Elton Oil Industries and automotive assembler Senbus Industries. Both companies are owned by Société d’Interventions Financières (SIFI), a subsidiary of Senegalese principal investment and financial advisory firm Impaxis Capital. AFIG invested through its West Africa-focused… Read More
The Carlyle Group Raises US$308 Million for Investments in Peru (Latin America)
Global alternative asset manager The Carlyle Group has raised US$308 million for Carlyle Peru Fund and its parallel vehicles. The fund will invest in consultation with Peruvian bank Credicorp across industries including healthcare, retail, consumer, education and services to mining, construction and infrastructure businesses. Carlyle opened an office in Lima in 2012. Read More
TVS Capital Sells Landmark Stake Back to Trent (Asia)
Trent, the retail arm of India’s Tata Group, is buying back the shares of its subsidiary Landmark, owned by Indian private equity firm TVS Capital, for INR840 million (approximately US$15.4 million). TVS Capital invested INR650 million (approximately US$11.9 million) in Landmark, a retailer of books, music and games, in 2009. Under the terms of the transaction, Trent is offering TVS… Read More
IFC Backs Joint Venture Between Ukrainian Fuel Retail Company Galnaftogaz and ADM Capital (CEE and CIS)
International Finance Corporation (IFC), the private sector development institution of the World Bank Group, will provide an US$85 million loan to Okkoskhidinvest (OKKO), a Ukrainian fuel retailer. Okkoskhidinvest is a joint venture between Ukrainian petroleum distributor Concern Galnaftogaz (GNG) and ADM Capital, a private equity investor focused on recovery and special situations in the emerging markets. ADM Capital previously invested… Read More
CDH Holds First Close on China Fund (Asia)
Chinese alternative asset fund manager CDH Investments has held a first close on its fifth China-focused private equity fund with US$1 billion in commitments. Institutional investors in CDH China Fund V, launched in September 2012, include the Government of Singapore Investment Corporation (GIC), Asia Alternatives and LGT Capital Partners. The fund is reportedly targeting US$2 billion in total commitments. CDH’s… Read More
Bessemer Invests in Anunta (Asia)
Global venture capital firm Bessemer Venture Partners has invested in India-based Anunta Technology Management Services as part of the company’s Series A financing round. Anunta provides software delivery services to companies developing mobile applications. Financial details of the transaction were not disclosed. Read More
Tata Capital Growth Fund Buys 14 Percent Stake in Star Health & Allied Insurance Company (Asia)
India-focused private equity firm Tata Capital has invested INR1.2 billion (approximately US$22.3 million) in Indian health insurer Star Health & Allied Insurance Company for a 14 percent stake. The investment was made through the Tata Growth Capital Fund. Prior investors in Star Health include private equity and venture capital firms Sequoia Capital and ICICI Venture Funds Management, which currently hold… Read More
GrowthGate Exits Investment in Saudi Steel Fabricator (MENA)
GrowthGate Capital Corporation, a growth investment firm focused on the Middle East and North Africa region, has exited its investment in Roots Steel International (RSI), a Saudi Arabia-based steel fabricator. GrowthGate sold its minority stake in RIS, in which it originally invested in 2010, to a consortium of majority shareholders. While financial details of the transaction were not disclosed, GrowthGate… Read More
Gulf Capital Invests in OCB Oilfield Services (MENA)
Middle East-focused private equity firm Gulf Capital has acquired a majority stake in United Arab Emirates-based oil and gas crew supply and related logistics provider OCB Oilfield Services. OCB provides companies in the oil and gas industries with outsourced human resources solutions and operates in the Middle East, Southeast Asia and Africa. Financial details of the transaction were not disclosed. Read More
Safer Taxi Gets US$4.2 Million Capital Injection (Latin America)
Safer Taxi, a Chile-based mobile taxi service application developer, has received a US$4.2 million investment from venture capital firms Otto Capital, Kaszek Ventures and Draper Associates. Safer Taxi allows its users to summon taxis through a smartphone application and has 2,250 registered taxis in Chile, Brazil and Argentina. Read More