By Ardi Wirdana
Acuris is majority owned by BC Partners who in June 2017 announced the sale of a 30% stake to GIC.
In March, it partnered Indonesia’s Adaro Energy to buy Rio Tinto’s coal operation in Australia n $2.3b deal.
Funds managed by ADM Capital provided $300 million of the total refinancing package
Developers in India are increasingly relying on non-banking financial companies (NBFCs) and private equity investors to fund their real estate projects.
“For the PE landscape, the big LPs have learnt from the GPs, and they are beginning to write their own terms, and one of the first things they seek is co-investments. While this has been around for a long time, it is increasingly the case with the more sophisticated LPs – they are almost competing with GPs, they are also having a say in the deals the GP does,” Leahy said.
True North plans to acquire a large minority stake in the Sesa Hair Oil brand which will be held under a new entity.
Thuasne, with manufacturing units across 11 countries, including in the US, had initially invested in Tynor in 2010, picking up a minority stake.
The unit, CCRE, offered $110 in cash for each share of China Biologic it does not already own.
Bintang Capital will focus on mid-sized companies based in the Asia Pacific.
Combining with its Fund II, Delta Capital’s total assets under management has reached close to $120 million.