Emerging markets private equity firm Actis has invested USD102m in Edita Food Industries, a snack food business in Egypt.   Edita is the largest independent snack food business in North Africa with a suite of iconic brands including Twinkies, Hohos, Molto, Todo and Bake Rolz. It sells around 2.5 billion

HNA Group has agreed to acquire GE Capital’s TIP Trailer Services, a provider of transport equipment leasing, rental and service solutions, subject to customary closing conditions, including regulatory approvals.   HNA Group is advised by Bravia Capital of Hong Kong with whom they have historically partnered on other transactions.  

Piper, an investor in consumer brands, has taken a significant minority stake in Turtle Bay, a Caribbean restaurant group.   Turtle Bay is the brainchild of Aj Jaya-Wickrema, who co-founded Las Iguanas, a previous Piper investment. Piper helped Las Iguanas grow from a regional operator of four restaurants into Britain’s market leading Latin American chain, delivering a

AXA Private Equity has agreed to sell its majority stake in Outremer Telecom to Altice, the telecoms investment fund.   Jean-Michel Hegesippe, chief executive and founder of Outremer Telecom, and the management team will reinvest alongside Altice.   Founded in 1986, Outremer Telecom is an alternative telecoms operator in the French

Arsenal Capital Partners has signed an agreement to acquire ADCO Global, a manufacturer of specialty adhesives, sealants and tapes.   ADCO Global is a portfolio company of Aurora Capital Group, a Los Angeles-based private equity firm. The transaction is subject to customary conditions to closing, including regulatory approval, and is

A company wholly owned by funds managed by The Carlyle Group is to acquire Marelli Motori from Melrose Industries.   The transaction will be effected by the sale of Marelli Overseas Limited, the holding company of Marelli Motori, and is expected to close in August 2013.   Capital for this