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China Cord Blood Corporation Announces Investment by KKR (Asia)
Global investment firm Kohlberg Kravis Robert & Co. (KKR) has agreed to invest US$65 million in China Cord Blood Corporation (CCBC), a Chinese umbilical cord blood banking operator. The investment, which will be made through the KKR China Growth Fund, will be used in part to support the company’s business expansion. The transaction represents KKR’s first investment in the healthcare… Read More
Trimax Raises US$20 Million from Aditya Birla PE Fund (Asia)
Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group, has invested approximately US$20 million in India’s Trimax IT Infrastructure and Services. The investment was made via the Aditya Birla Private Equity – Fund I. The company plans to use the proceeds to finance its expansion plans both in India and internationally. The deal… Read More
CVC Capital Partners Announces Agreement to Acquire Hong Kong Broadband Network (Asia)
International private equity firm CVC Capital Partners has agreed to acquire Hong Kong Broadband Network (HKBN) and IDD businesses from City Telecom. HKBN is a broadband operator in Hong Kong, which owns and operates a fiber network. The transaction is valued at approximately HK$5 billion (US$644 million), which will be funded via a combination of equity and debt financing (provided… Read More
Pegasus Capital to Acquire Six Senses Resorts & Spas (Asia)
U.S.-based provide equity fund manager Pegasus Capital Advisors has agreed to acquire the Thailand-based luxury resort and spa business of Six Senses Resorts & Spas. The value of the investment is undisclosed. Under the terms of the transaction, Pegasus will acquire all of the Six Senses and Evason branded resort and spa management contracts and related intellectual property rights, and… Read More
Ideiasnet Announces the Sale of Softcorp
Ideiasnet, a Brazilian venture capital company that invests in technology businesses, has sold its stake in software distribution company Softcorp to local systems integrator Techresult. Softcorp is one of Microsoft’s partners for systems and solutions development in Brazil. The value of the transaction was R$15 million (approximately US$8.25 million). Read More
Capital Trust Inks First Egypt Healthcare Deal Since 2011 Revolution (MENA)
Capital Trust Group, a firm focused on private equity, mezzanine debt and real estate investments in the United States, Europe, the Middle East and North Africa, has purchased a 51 percent stake in Al Oyoun al Dawli Hospital, a medical center for eye surgery and treatment in Egypt. The investment was made through EuroMena II, a US$90 million private equity… Read More
Abraaj Capital and Kuwait Energy Sign Strategic Investment Agreement (MENA)
Private equity manager Abraaj Capital has announced an agreement to invest in Kuwait Energy, an upstream oil and gas exploration and production company with operations in Egypt, Iraq, Yemen, Oman, Ukraine, Latvia, Russia and Pakistan. The investment, which will be made through Abraaj Private Equity Fund IV (APEV IV), aims to enable the company’s ongoing growth and development plans. The… Read More
Egeli & Co. Agrees to Invest in Turkish Securities Investment Trust (CEE/CIS)
Egeli & Co. Investment Holding, part of Egeli & Co. Asset Management, a Turkey-based asset management company focused on alternative asset classes, has announced an agreement to purchase 70.04 percent of the outstanding share capital of Ak B Tipi Yatirim Ortakligi, a Turkish securities investment trust. The value of the transaction, which is subject to regulatory approvals, is unknown. Read More
GIC, Baring India Private Equity Investing US$100 Million in Marico
Singapore’s sovereign wealth fund, the Government of Singapore Investment Corporation (GIC) and Baring Private Equity Partners India are jointly investing approximately US$100 million in Bombay Stock Exchange-listed consumer products company Marico. VCCircle estimates that GIC is investing roughly US$75 million for a 3.4 percent stake in the company, while Baring Private Equity Partners India is investing approximately US$25 million for… Read More
Zeder Investments Limited Commits US$46.7 Million to Acquire and Expand Chayton Africa (Sub-Saharan Africa)
Zeder Investments Limited, an agriculture-focused investment company listed on the Johannesburg Stock Exchange, has announced that it is committing US$46.7 million to acquire and expand an agricultural business that will be known as Chayton Africa. The investment coincides with Chayton Atlas Agricultural Company, currently a private equity fund, transforming into an agricultural operating company led by the existing Chayton Africa… Read More
Ethos Confirms Sale of Holdsport Stake (Sub-Saharan Africa)
South African fund manager Ethos Private Equity has confirmed the sale of a 12.4 percent shareholding in Johannesburg Stock Exchange-listed Holdsport. The stake represented the residual portion Ethos retained following the IPO of the South African sporting, leisure and recreational goods retailer in the second half of 2011. Holdsport listed at ZAR31 (US$3.91) per share on 18 July 2011 and… Read More
CDH Investments Buys HKD250 Million in Bonds from Tse Sui Luen Jewellery (Asia)
China-based alternative asset fund manager CDH Investments has invested HKD250 million (approximately US$32 million) in Hong Kong-listed jewelry manufacturer and designer Tse Sui Luen Jewellery (International) via the purchase of convertible bonds. CDH has an option to purchase additional convertible bonds worth up to HKD200 million (approximately US$26 million). The net proceeds from the sale will be used for general… Read More