Food Processing

The development finance institution has launched a private equity fund with the Indian bank to invest in the region’s SME sector.

The US firm has made its first investment in Australia, backing Victoria-based fruit and vegetables producer The Costa Group.

AXA has committed €50m to the Carlyle spin-out’s fund – nearing an expected €180m final close – and will also co-invest the remaining €120m of its CEE fund with Resource Partners.