UFG Private Equity, the buyout and growth equity arm of Russia-focused alternative investment group UFG Asset Management, has acquired a large minority stake in Russia-based telecom infrastructure developer Russian Towers through its third fund. UFG acquired the stake from Macquarie Infrastructure and Real Assets (MIRA), which originally invested in Russian… Read More
Global private equity firm Bain Capital has partially exited its stake in Brazil-listed health care services provider Grupo Notre Dame Intermédica (GNDI), generating gross proceeds of BRL2.4 billion (approximately US$624 million). Bain sold 92.4 million shares for BRL26 (approximately US$7) per share as part of a follow-on offering that also… Read More
Pan-African private equity fund manager AfricInvest has reached a final close for Maghreb Private Equity IV with EUR194 million (approximately US$221 million) in capital commitments. The African Development Bank committed EUR20 million (approximately US$23 million) in this latest close. Other investors in the fund include development finance institutions CDC, EBRD,… Read More
Germany-based oil and gas producer DEA Group has agreed to acquire Mexico-based Sierra Oil & Gas for a reported total of US$500 million. Sierra is backed by alternative investment fund managers Riverstone Holdings, EnCap Investments and BlackRock, which together originally invested in the company in 2014. Sierra holds interests in… Read More
Global private equity fund manager Warburg Pincus has led a Series E financing round of INR5.2 billion (approximately US$74 million) for India-based microlender Fusion Microfinance. Previous backer Creation Investments Capital Management also participated in the round, which included both a primary infusion and a secondary sale by early-stage investors. Impact… Read More
Global alternative asset manager KKR has agreed to invest up to SGD500 million (approximately US$366 million) in Singapore-based specialty retailer V3 Group through KKR Asian Fund III. The company owns and develops various luxury and wellness consumer brands across 26 countries, with a primary focus on Asia. V3 will partner… Read More
Global alternative investment manager Värde Partners has announced the final close of Värde Asia Credit Fund with US$400 million in capital commitments. Investors in the fund include institutions from Asia, Europe and the United States. The fund will invest in corporate credit, special situations and stressed and distressed real estate… Read More
China-based financial services company Lufax has raised US$1.33 billion in a funding round led by China-focused private investment firm Primavera Capital Group. Other investors participating in the round include Qatar Investment Authority, All-Stars Investment, SBI Holdings, J.P. Morgan, Macquarie Group, UBS, UOB, Goldman Sachs, LionRock Capital, Hedosophia and Hermitage Capital. Read More
Global alternative investment manager Värde Partners has announced the final close of Värde Asia Credit Fund with US$400 million in capital commitments. Investors in the fund include institutions from Asia, Europe and the United States. The fund will invest in corporate credit, special situations and stressed and distressed real estate… Read More
East Africa-focused private equity fund manager Catalyst Principal Partners has reached a final close for Catalyst Fund II with US$155 million in capital commitments. Investors in the fund include development finance institutions EIB, IFC, AfDB and SIFEM. Catalyst Fund II will invest between US$7.5 million and US$22.5 million in consumer-focused… Read More
(default archive template)