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BTG Pactual Leads Investment of US$2.7 Billion in Sete Brasil Participações (Latin America)
Brazilian bank BTG Pactual’s private equity funds have invested US$1 billion as part of a BRL5.4 billion (approximately US$2.7 billion) investment in Sete Brasil Participações, a Brazilian offshore oil rig operator. Also participating in the deal was U.S.-based investment firm EIG Global Energy Partners. Following the transaction, BTG Pactual reportedly owns over 30 percent of Sete Brasil. Existing investors in… Read More
L Capital Asia Invests in Indian Theatrical Chain (Asia)
L Capital Asia, through its Indian subsidiary L Capital Eco, will invest a total of INR1.08 billion (approximately US$19 million) in Indian cinema operator PVR. L Capital will invest INR577 million for a direct 10 percent stake in PVR, as well as INR501 million to establish a joint venture with PVR to invest in in-mall entertainment and leisure concepts. L… Read More
BaltCap Completes Wind Farm Investment in Estonia (CEE and CIS)
BaltCap, a private equity and venture capital firm focused on the Baltic States, has invested in the 18-megawatt Mäli & Tamba wind energy project in Estonia. The Mäli & Tamba wind farm, which will utilize 3-megawatt Enercon turbines and be operational as of September 2013, is BaltCap’s second energy-related transaction following its May 2008 investment in Energate, a natural gas… Read More
Genpact Announces Agreement for Bain Capital Partners to Buy US$1 Billion of Shares from Existing Sponsors (Asia)
Genpact, a global business process outsourcing and technology services firm, announced that affiliates of Bain Capital have agreed to acquire 68 million common shares in the firm, representing approximately 30 percent of outstanding shares, from entities affiliated with General Atlantic (GA) and Oak Hill Capital Partners for approximately US$1 billion (US$14.76 per share). Before the transaction officially closes, all shareholders,… Read More
Standard Chartered Private Equity Backs Sri Lanka’s Abans with US$40 Million (Asia)
Standard Chartered Private Equity (SCPE) has reportedly invested US$40 million in Sri Lankan home appliance and electronics retailer Abans. Carrying global brands including LG, Toshiba, Mitsubishi Electric, Haier, Whirlpool, Sanyo, Sharpe, Philips, Apple and HP, Abans currently operates 400 showrooms across Sri Lanka. The company will use the capital to add 200 new employees, expand its retail network and complete… Read More
Philippines’ Pension System and Asian Development Bank in US$625 Million Infrastructure Fund (Asia)
The Philippines Government Service Insurance System (GSIS) has partnered with the Asian Development Bank (ADB), Macquarie Infrastructure and Real Assets (MIRA) and Dutch pension fund asset manager APG Asset Management to launch a US$625 million fund dedicated to infrastructure investment in the Philippines. The Philippine Investment Alliance for Infrastructure (PINAI), as the fund is known, received commitments of US$400 million… Read More
Nexxus Capital Announces an Additional Investment in Moda Holding in Order to Acquire Zingara (Latin America)
Mexico-based private equity fund manager Nexxus Capital, through its parallel funds Nexxus IV and Nexxus V, has made an additional investment in Moda Holding, which will finance the acquisition of Zingara, a Mexico-based swimwear, beachwear and accessories retailer. Moda Holding is a Mexican retail platform that operates over 130 stores under various brands including Dorothy Gaynor and NPI (No Pienses… Read More
Kidswant Announces Investment by Warburg Pincus of US$55 Million (Asia)
Global private equity firm Warburg Pincus has invested US$55 million in China-based maternity, infant and children specialty retailer Kidswant, which will use the capital to increase its store counts and expand its geographical coverage. The Kidswant transaction represents Warburg Pincus’s second recent deal in China, following a US$200 million investment in China Auto Rental in July 2012. Warburg Pincus is… Read More
Navis Capital Partners Sells Wall Street Institute to Pearson (Asia)
Malaysia-based private equity firm Navis Capital Partners has announced the sale of Indonesia-based PT Efficient English Services (EES) to global publishing and education company Pearson. EES manages the Indonesian operations of the Wall Street Institute, a global English-language education service. Navis established the Wall Street Institute business as a greenfield investment in 2007 for approximately US$1.5 million through its Navis… Read More
BanyanTree’s Second Fund Hits First Close, Reaches Close to US$100 Million (Asia)
India-based private equity fund manager BanyanTree Finance has raised US$100 million at first close for its second private equity fund, BanyanTree Growth Capital II. The fund, targeting US$175 million in total commitments, will invest in middle-market companies in manufacturing and niche industrial sectors. BanyanTree Growth Capital II received commitments from institutional investors across Asia, the United States and Europe, including… Read More
WI Harper Group Leads Series B Round for AdMaster (Asia)
Chinese venture capital firm WI Harper Group has announced the completion of a Series B round of venture capital funding for AdMaster, a China-based advertising analytics company. China-based technology-focused venture capital firm GSR Ventures also participated in the financing round. While financial terms of the transaction were not disclosed, local sources reported the deal value at approximately US$5 million. Read More
Ambit Pragma Acquires 74 Percent Stake in Mumbai-based Frozen Food Logistics Firm (Asia)
India-based private equity firm Ambit Pragma has purchased a 74 percent stake in Mehta Frozen Foods Carrier, a subsidiary of India’s MRL Group that specializes in the transportation of perishable frozen food products. The investment was made through Ambit Pragma Fund II, which held a first close at US$77 million in May 2012. The fund is targeting total commitments of… Read More