India-focused private equity firm ICICI Venture Funds Management has exited its 30 percent stake in India-based hospital chain Krishna Institute of Medical Sciences (KIMS Hospitals) to global growth equity fund manager General Atlantic for INR8.5 billion (approximately US$125 million). ICICI Venture invested INR2.2 billion (approximately US$37 million) in 2014 in… Read More
Global private investment firm TPG has invested US$70 million in India-based distributed energy management company Fourth Partner Energy. TPG has completed the investment through The Rise Fund, its global impact investment fund. Fourth Partner Energy, which focuses on developing and financing rooftop solar power projects, intends to use the new… Read More
LeapFrog Investments, a global impact investing fund manager specializing in financial services and health care, has invested in ARM Pension Managers, the pension fund administration subsidiary of Nigeria-based Asset & Resource Management Company (ARM Group). ARM Pensions has 57 offices across Nigeria and intends to use the new funds to… Read More
Latin America-focused growth-stage private equity fund manager LIV Capital and Singaporean sovereign wealth fund Temasek Holdings have acquired a 32 percent stake in Grupo Diagnóstico Proa, a Mexico-based operator of clinical diagnostic laboratories. The company, which operates 275 branches across Mexico under the Chopo brand, intends to use the funding… Read More
Global growth markets investor The Abraaj Group has fully exited U.A.E.- and Egypt-listed engineering and construction contractor Orascom Construction Industries (OCI) for US$52 million. Abraaj sold 6.3 million shares, representing a 5.4 percent stake, for US$8.30 per share on Nasdaq Dubai. Abraaj first acquired a stake in OCI when the… Read More
Global private equity firm CVC Capital Partners has acquired a 100 percent stake in Malaysia-based snack food manufacturer Munchy Food Industries (MFI), as well as its subsidiary Munchworld Marketing, for approximately US$250 million. MFI, which produces and distributes biscuits and other snack foods globally, intends to partner with CVC to… Read More
Global alternative asset manager The Blackstone Group has reached a final close for its first Asia-focused buyout fund, Blackstone Capital Partners Asia, with approximately US$2.3 billion in capital commitments. Washington State Investment Board and Korea-based Woori Bank reportedly committed US$200 million and US$73 million, respectively, prior to the fund’s US$1.5… Read More
Middle East- and Asia-focused private equity firm Fajr Capital has completed its exit of United Arab Emirates-based oilfield services provider National Petroleum Services (NPS) to U.S.-listed special-purpose acquisition company National Energy Services Reunited (NESR). Fajr signed a definitive agreement with NESR in November to sell its stake in NPS. All… Read More
Global venture capital firm Sequoia Capital has reportedly led a US$400 million funding round for China-based blockchain hardware developer Bitmain Technologies. The company develops and sells bitcoin mining machines and has offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu, Shanghai and Shenzhen. Bitmain plans to use the new funding… Read More
Global private equity, debt and real estate fund manager H.I.G. Capital has invested in Brazil-based hospital network Grupo Meridional. The company, which operates five health care facilities in the state of Espírito Santo, plans to use the funding to expand its services through both organic and inorganic growth. Financial details… Read More
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