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Reuters – Standard Chartered Eyes Zimbabwe PE

Posted on: February 19, 2013 by reuters-newsNo Comments »

Standard Chartered‘s private equity arm is looking for more deals in Zimbabwe, writes Reuters. The British bank, whose private equity business has assets under management of about $4.5 billion, made an investment in Zimbabwean agri-business Ariston Holdings through one of its portfolio companies, Afrifresh Group, last year.

Reuters – Carlyle Seals First Africa Deal

Posted on: November 14, 2012 by reuters-newsNo Comments »

Carlyle Group and two other investors will pay $210 million for a stake in pan-African agribusiness Export Trading Group, in the US buyout firm’s debut deal on the fast-growing continent, writes Reuters. Carlyle, Standard Chartered and South African private equity fund Pembani Remgro are to take a minority stake in Tanzania-based ETG, which farms and distributes more than 25 different commodities.

Reuters – Standard Chartered PE Backs India’s Prime Focus

Posted on: October 11, 2012 by reuters-newsNo Comments »

The private equity arm of Standard Chartered will invest $35 million in Indian visual entertainment services group Prime Focus at a maximum price of 53 rupees per share, writes Reuters. The funds will be used to support future growth plans of the company.

Reuters – Black & Decker in Running for CVC’s Infastech

Posted on: May 30, 2012 by reuters-newsNo Comments »

Stanley Black & Decker is among potential bidders for private equity-owned Infastech, a Singapore-based industrial fastener maker, writes Reuters. CVC Capital Partners and Standard Chartered‘s private equity arm have hired Bank of America and Goldman Sachs to sell the business after buying it for about $350 million-$400 million in 2010, according to Reuters. (Reuters) – [...]

StanChart eyes $100 million Gulf PE deal

Posted on: April 18, 2012 by reuters-newsNo Comments »

Standard Chartered‘s private equity arm expects to close a $100 million private equity deal in the Gulf Arab region before the end of this year, writes Reuters. The British investor in mid-market deals last year bought a minority stake in family-owned Saudi Binladin Group’s unit for $75 million. The bank also completed a $75 million [...]

BGF Appoints Talent Network Head

Posted on: March 22, 2012 by asormaniNo Comments »

Business Growth Fund, a fund established to help the UK’s smaller and medium sized businesses, has appointed Cate Poulson as head of BGF’s talent network, to develop the firm’s relationships with a network of experienced business leaders. BGF is an independent company with capital of up to 2.5 billion pounds ($3.9 billion), backed by five [...]

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Standard Chartered’s PE Arm Makes First Saudi Deal

Posted on: August 8, 2011 by cnolanNo Comments »

Standard Chartered’s private equity arm has completed its first deal in Saudi Arabia, investing $75 million for a minority stake in a Saudi Binladin Group unit: Construction Products Holding, Reuters reported. The firm is scouting for more deals in Saudi Arabia, Reuters wrote, making it one of many buyout shops interested in the kingdom. Carlyle Group and Kohlberg Kravis Roberts & Co. have also make moves into the Saudi market.

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Standard Chartered Pours $25M into Bush Foods Overseas

Posted on: April 6, 2011 by cnolanNo Comments »

Standard Chartered Private Equity, a unit of Standard Chartered Plc , has invested $25 million in India’s Bush Foods Overseas, Reuters reported. Bush Foods Overseas processes and sells basmati rice. The investment will help the company expand its manufacturing and processing units.

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Henan Golden Dragon Planning I.P.O.

Posted on: March 28, 2011 by cnolanNo Comments »

China’s Henan Golden Dragon Precise Copper Tube Inc., which is backed by the private equity unit of Standard Chartered Plc, plans to raise 3.5 billion yuan ($533.72 million) in an initial public offering, Reuters reported, citing a story in the Shanghai Securities News. Golden Dragon is China’s largest precise copper tube producer, Reuters wrote. The company is also backed by Lehman Brothers Holdings and Goldman Sachs.

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Powerica Plans for $200M I.P.O.

Posted on: March 10, 2011 by cnolanNo Comments »

Indian generator maker Powerica Ltd., which is backed by the private equity arm of Standard Chartered, has filed a prospectus to raise $200 million in an initial public offering, Reuters reported. The Mumbai-based company is expected to launch the IPO in June, Reuters reported. Standard Chartered private equity owns 12% of the company, having invested $50 million in Powerica in 2007. The firm will sell a significant portion of its holding in the company, Reuters wrote.