Horizon Capital, a private equity fund manager focused on mid-cap companies in Ukraine, Belarus and Moldova, has acquired a minority stake in Ciklum, an information technology (IT) company based in Ukraine, through its Emerging Europe Growth Fund II (EEGF II). The deal marks Horizon Capital’s first investment in the… Read More
Global multi-asset class investment manager PineBridge Investments and Polish postal group Integer.pl Group have announced a joint investment to develop and roll-out a parcel system called EasyPack in Europe and CIS countries. Already operating in Poland and Russia, EasyPack enables the sending and collecting of packages 24 hours a… Read More
CDB Capital, the fund management arm of China Development Bank, has reportedly raised RMB9 billion (approximately US$1.4 billion) for a private equity fund of funds. The CDB Guochuang Kaiyuan Private Equity Fund of Funds is targeting RMB10 billion in total commitments. The fund is part of the Guochuang Fund… Read More
CapMan Russia, a Russian private equity fund managed by CapMan, has acquired a minority stake in local sporting goods retail chain Top League. The chain currently consists of 55 stores located in 16 cities in the Southern, North-Caucasus and Central Federal Districts of Russia. The funding will be used… Read More
Private equity and venture capital firms SAIF Partners and Accel Partners have jointly invested in PropTiger Realty Private Limited, which runs PropTiger.com, an Indian technology-enabled real estate marketing services platform. The deal is valued at INR250 million (approximately US$5 million). The company plans to use the new funding to… Read More
GP Investments, an alternative asset investment firm in Latin America, has sold its remaining stake in Brazilian commercial property company BR Properties. GP Investments founded BR Properties in 2006 with an initial investment of US$25 million from, in part, its private equity fund GP Capital Partners III (GPCPIII). GPCPIII… Read More
TVS Logistics Services, an Indian provider of logistics solutions across multiple verticals including automotive, distribution, electronics and discrete component manufacturing, has reached an agreement with an affiliate of Kohlberg Kravis Roberts & Co. and Goldman Sachs. The deal is valued at approximately US$53 million, of which KKR will invest… Read More
Global private equity firm General Atlantic has completed its third partial exit from Chinese automobile dealership group Zhongsheng Group, reducing the firm’s stake in the company to an approximate 5 percent. The value of the transaction is estimated at US$129 million. General Atlantic reportedly sold 65 million shares of… Read More
Asia-focused middle market private equity firm Olympus Capital Holdings Asia has acquired a 4.8 percent stake in India-based Karur Vysya Bank. The PIPE transaction is valued at approximately US$38.34 million. The stake was purchased through market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. Read More
The controlling shareholders of Brazilian healthcare company Grupo Qualicorp have raised BRL674 million (approximately US$364 million) from a secondary offering on the Brazilian stock exchange (BM&FBOVESPA). Over 40 million shares were sold at a price of BRL16.50 each. The amount raised could increase if the controlling shareholders—global private equity… Read More
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