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Accel Partners, IFC, Qualcomm Ventures & Ventureast Invest US$37.5 Million in Portea Medical (Asia)
Venture capital firm Accel Partners has led a US$37.5 million Series B round of funding for India-based home healthcare company Portea Medical. Development finance institution International Finance Corporation (IFC), Qualcomm’s investment arm Qualcomm Ventures and India-focused venture capital firm Ventureast also participated in the round. IFC invested US$7 million in the round; breakouts for the other firms were not disclosed.… Read More
Nexxus Capital Fully Exits Mexico-based Diagnostics Company Olab (Latin America)
Mexico-focused private equity fund manager Nexxus Capital has fully exited its stake in Mexico-based diagnostic healthcare company Diagnósticos de México, Diamex (Olab) to an undisclosed strategic buyer in the diagnostics sector. Olab offers diagnostic imaging and clinical analysis through a network of 40 branches. Financial details of the transaction, which was structured through Nexxus Capital Private Equity Fund III, were… Read More
Synergy Capital Reaches a Final Close for Synergy Private Equity Fund I (Sub-Saharan Africa)
Nigeria- and Ghana-focused private equity firm Synergy Capital has reached a final close on its fund, Synergy Private Equity Fund I (SPEF), with US$100 million in capital commitments. SPEF has a total of 12 investors, including four development finance institutions, seven commercial investors and one sovereign wealth fund. To date, SPEF has deployed more than 20 percent of its capital… Read More
The Carlyle Group, Actis, Sequoia Capital and GIC to Exit Keystone Lodging Holdings (Asia)
Global alternative asset manager The Carlyle Group, pan-emerging markets private equity firm Actis, global venture capital firm Sequoia Capital and the Government of Singapore’s sovereign wealth fund GIC have agreed to exit China-based Keystone Lodging Holdings, parent of hotel company 7 Days Group, in the company’s acquisition by China-based hotel company Shanghai Jin Jiang International Hotels. Jin Jiang will acquire… Read More
The Carlyle Group, Actis, Sequoia Capital and GIC to Exit Keystone Lodging Holdings (Asia)
Global alternative asset manager The Carlyle Group, pan-emerging markets private equity firm Actis, global venture capital firm Sequoia Capital and the Government of Singapore’s sovereign wealth fund GIC have agreed to exit China-based Keystone Lodging Holdings, parent of hotel company 7 Days Group, in the company’s acquisition by China-based hotel company Shanghai Jin Jiang International Hotels. Jin Jiang will acquire… Read More
Enterprise Investors to Acquire Poland-based SMT Software Services for EUR36.1 Million (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital firm Enterprise Investors has agreed to acquire Poland-based software company SMT Software Services for EUR36.1 million (approximately US$41 million), in a carve-out transaction from Poland-based holding company SMT. The transaction will be structured through Enterprise Investors’ Polish Enterprise Fund VII. Enterprise Investors will merge SMT Software Services with its existing portfolio… Read More
21 Concordia Reaches a Final Close for Its Debut Fund in Capital Commitments (CEE and CIS)
21 Concordia, the Poland-focused arm of private equity firm 21 Partners, has held a second and final close for its debut fund with EUR100 million (approximately US$113 million) in capital commitments. The fund focuses on investments in small and medium-sized companies with annual revenues between EUR10 million to EUR50 million (approximately US$11 million to US$56 million). The fund began investing… Read More
TPG/Satya to Invest MAD250 Million in Morocco-based Ecoles Yassamine (MENA)
TPG/Satya–the Africa-focused partnership between TPG’s middle market and growth equity platform TPG Growth and Africa-focused, independent investment firm Satya Capital –has agreed to invest a reported MAD250 million (approximately US$26 million) for a minority stake in Morocco-based private school network Ecoles Yassamine. The company intends to use the new capital to grow its network of schools and expand its educational… Read More
Warburg Pincus, Legend Capital and CAR to Invest US$550 Million in UCAR Group (Asia)
Global private equity firm Warburg Pincus, Legend Holdings' independent venture capital unit Legend Capital and China-based auto car rental company CAR are participating in a US$550 million Series B funding round for UCAR Group, a China-based mobile taxi booking service provider. Warburg Pincus, Legend Capital and CAR are existing shareholders of the company. CAR will invest US$50 million, while Warburg… Read More
Advent International to Acquire Stake in Diagnostic Services Provider Fleury (Latin America)
Global private equity investor Advent International has agreed to acquire a 13 percent stake in Fleury, a Brazil-based diagnostic services provider, from a group of physicians. The transaction is subject to closing conditions and is expected to be completed in the fourth quarter of 2015. Financial details of the transaction were not disclosed. Read More
Blackstone to Acquire a Majority Stake in Serco’s India-based BPO Unit for GBP250 Million (Asia)
Global investment firm Blackstone has agreed to acquire a majority stake in the India-based business process outsourcing (BPO) unit of global public services provider Serco for GBP250 million (approximately US$385 million). Post-acquisition, the unit will be rebranded as “Intelenet Global Services.” The sale is expected to be completed in the coming months, subject to customary closing conditions and approvals. Read More
Everstone Capital Partners III Reaches a Final Close with US$730 Million in Commitments (Asia)
India- and Southeast Asia-focused private equity and real estate investment firm The Everstone Group has closed its third India-focused private equity fund, Everstone Capital Partners III, with US$730 million in capital commitments. Limited partners in the fund, which included public pensions, insurance companies, endowments and asset managers, committed US$700 million to the fund, while Everstone and its affiliates committed the… Read More