Emerging markets-focused The Rohatyn Group (TRG) has bought a 60 percent stake for an undisclosed amount in Singapore’s CapAsia, a mid-market infrastructure private equity firm solely targeting non-BRIC [Brazil, Russia, India and China] Asian countries, TRG announced yesterday.
The deal, which is set to close by the end of the first quarter, would see Kuala Lumpur-based CIMB Group divest the 60 percent stake in CapAsia, although it will still own 40 percent of the infrastructure outfit.
After real estate, Rohatyn invests in Asian infra
The Rohatyn Group has acquired a 60% stake in mid-market infrastructure private equity firm CapAsia, which focuses solely on non-BRIC emerging Asia. CapAsia has over $400m of assets under management.
