The $5m deal marks a significant investment in a country that is still largely uncharted territory for private equity capital. The investment was made from Aureos' South Asia Fund, which has more than $122 million of committed capital.
The private equity arm of the Middle East investment bank holds a first close on its Saudi Hospitality Fund on $240m. The fund – said to be the first Saudi Arabia-domiciled private equity real estate fund –will develop 17 hotels and apartments in the kingdom.
The fund of funds arm of UK insurer Standard Life has held a fourth close for its latest European fundraising effort. The firm is targeting a March 2009 final close less than two years after the close of its €900m predecessor.
Creating a dedicated website explaining the firm’s approach to corporate responsibility is just another natural step in the evolution of a private equity firm, says Patrick Dunne, the global firm’s communications director.
The Deutsche Bank real estate unit has reportedly bought a 40-story commercial building in Dalian, northeast China.
The Nordic mid-market firm led by ex-IK man Harald Mix has closed its third fund on target at €2bn despite 'turbulent' fundraising markets. About 95 percent of the commitments came from previous Altor investors including Harvard and Swedish insurance Group Länsförsäkringar.
The India-focused venture firm has than doubled the size of its debut fund, which closed last year and has backed 13 companies to date.
The emerging markets specialist has executed another African PIPE deal, this time taking part of Tunisia’s largest listed company.
The Australian infrastructure pioneer has unveiled a major management overhaul as its share price continues to decline. Firm founder Jim Babcock and long-time chief executive Phil Green will be replaced by in-house executives.
Olympus has made its fourth Chinese investment with a growth capital infusion in Zhongwang International, the world's third largest aluminium profile company.