Turkey’s unique geographic location has long been one of its defining characteristics: a country positioned at the nexus of civilizations and trade routes. While its recent history has been one of macroeconomic volatility, today, Turkey is widely perceived as an island of stability standing between two regions facing immense… Read More
Qatari conglomerate Mannai Corporation and Egyptian investment bank EFG Hermes have agreed to purchase Damas International, a Middle Eastern jewelry and watch retailer, with a bid of 45 cents per share. Under the terms of the transaction, Mannai will hold a controlling stake of 66 percent in Damas for… Read More
Brilla Group, a U.S.-based private equity firm focused on luxury beachfront hotel and resort assets in South Florida, the Caribbean, Mexico, Central America and Colombia, has achieved a first closing on its Colombian Beachfront Hospitality Private Equity Fund. The fund has raised US$30 million in commitments to date from… Read More
PVG Venture Capital Partners, an affiliate of Taiwanese venture capital management firm Pacific Venture Group, has acquired a 3.3 percent stake in China Mobile Games and Entertainment (CMGE), a mobile games developer and subsidiary of Hong Kong-listed internet video broadcasting company VODone Limited. Financial terms of the transaction were… Read More
New York Life Investment Management India Fund, advised by Jacob Ballas Capital India Private Limited, has sold an approximate 2.77 percent stake of its holding in Commercial Engineers & Body Builders Co. (CEBBCO), an Indian producer of vehicle and locomotive bodies, for an estimated US$1.8 million. Jacob Ballas Capital… Read More
Russian entrepreneur Dmitry Alimov has founded a US$50 million venture fund focused on the consumer sector in Russia. In particular, the fund, Frontier Ventures, will target early-stage internet-oriented consumer companies. Alimov previously ran ru-Net, a Russia-based internet and technology-focused investment company. Read More
Global growth equity firm General Atlantic has acquired a minority stake in Aceco TI, a company focused on the design and maintenance of data centers in Brazil and Latin America. The partnership will provide capital and strategic advice for the company as it continues to grow in the region. Read More
Eastgate Capital Group, the private equity fund management arm of Saudi Arabia’s NCB Capital, has invested in Fabeks Diş Ticaret A.Ş. (Silk & Cashmere), a Turkey-based retail apparel company, through its MENA Direct Equity Fund for a 49.8 percent equity stake. The capital will be used to facilitate the… Read More
NetJets Inc., a private aviation company owned by Berkshire Hathaway, has announced plans for a new joint venture to bring their services to China. NetJets China Business Aviation Limited will be a joint venture between NetJets Inc. and a consortium of Chinese investors led by Hong Capital subsidiary Hony… Read More
India-focused private equity firm ChrysCapital has reportedly raised US$500 million for a new fund. This is the first fund since the firm announced that Co-Founder and Senior Managing Director Ashish Dhawan will leave the firm later this year. ChrysCapital is purported to have raised capital from a variety of… Read More
(default archive template)