Darby Asia Opportunities Fund III has provided financing to an EQT-led consortium that acquired a majority stake in franchise operator China F&B Group. Board members and management invested together with the new controlling shareholders and the founder, Mr. Li Ping, who continues to own shares in the company and act as chairman.
Warburg Pincus has acquired a majority stake in asset manager Source. Existing shareholders, including five investment banks BofA Merrill Lynch, Goldman Sachs, JP Morgan, Morgan Stanley and Nomura, will continue as minority shareholders. Lee Kranefuss, executive-in-residence at Warburg Pincus, will join the company as executive chairman.
Segulah IV LP has entered into an agreement to acquire KP Components. KP Components was founded in 1969 by Poul Krogh Pedersen and focuses on offering machined metal components, using state of the art technology, to customers and applications, examples of which include hydraulics, power generation and fluid transportation.
CapMan Buyout has invested in The North Alliance. The business is a Nordic digital communications group.
The Abraaj Group has acquired a majority stake in Yörsan Group, a Turkish manufacturer and distributor of dairy products. The transaction is in partnership with the European Bank for Reconstruction and Development and the Yörük family.
Private equity firm Electra Private Equity will acquire footwear retailer Hotter Shoes, The Telegraph reported on Sunday, writes Reuters. The shoe company, which was founded in 1959 as Beaconsfield Footwear, had hired investment bank Rothschild early last year to explore strategic options for the business.
Apollo Global Management's bite of Chuck E Cheese's parent appears to be more of a morsel.
HONG KONG/NEW YORK, Jan 17 (Reuters) - Anheuser-Busch InBev SA is in advanced discussions to buy South Korea's Oriental Brewery from private equity owners KKR & Co LP and Affinity Equity Partners for more than $4.5 billion, according to people familiar with the matter.
Bids due on Monday for the oil and gas exploration offshoot of German utility RWE AG will value the unit at some 4 billion euros ($5.4 billion), sources said on Friday, well below expectations and sending its shares lower.
CRG, a private equity firm that focuses on the natural resources sector, has acquired a majority stake in a copper asset based in Kazakhstan. No financial terms were disclosed.