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KKR Sells a Ten Percent Stake in Vietnam-based Masan Consumer (Asia)
Global investment firm KKR has sold a ten percent stake in Vietnam-based consumer goods company Masan Consumer to undisclosed buyers. KKR, which first invested in Masan Consumer in 2011, continues to hold a ten percent stake in the company post-transaction. Financial details of the transaction were not disclosed. Read More
IDG Capital Partners, DCM and Northern Light Venture Capital Back Facishare Technology (Asia)
Venture capital firms IDG Capital Partners, DCM and Northern Light Venture Capital have participated in a US$100 million Series D funding round for China-based Facishare Technology, operator of the mobile business management application Fxiaoke.com. The company intends to use the new capital to accelerate technology upgrades. Read More
TA Associates and India Value Fund Advisors to Invest US$500 Million in Atria Convergence Technologi
Global growth private equity firm TA Associates and India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, have agreed to invest US$500 million in India-based broadband provider Atria Convergence Technologies (ACT). IVFA’s investment will be structured through Indium V, and will represent a partial exit for IVFA-managed India Value Fund III, the current majority shareholder of… Read More
Kibo Capital Partners Exits Uganda-based International Medical Group (Sub-Saharan Africa)
Kibo Capital Partners, a fund manager focused on Eastern and Southern Africa and the islands of the Indian Ocean, has sold its 40 percent stake in Uganda-based healthcare company International Medical Group (IMG). Kibo sold its stake to Ciel Group, a Mauritius-based conglomerate, and Fortis, an India-based healthcare company. Kibo initially invested in IMG in 2012 through its first fund,… Read More
Cloudcherry Analytics Raises US$1 Million in Seed Funding from IDG Ventures India and Chennai Angels
Venture capital firm IDG Ventures India and India-focused angel network Chennai Angels have invested US$1 million in Cloudcherry Analytics, an India-based software-as-a-service company. Cloudcherry Analytics will use the fresh capital to scale its enterprise business and invest in the analytics, features and support it provides its clients. Read More
Warburg Pincus and Legend Capital to Participate in a Funding Round for UCAR Group (Asia)
Warburg Pincus, a global private equity firm, and Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, are participating in a US$250 million funding round for China-based mobile taxi booking service provider UCAR Group. China-based CAR, an auto rental company and existing shareholder of UCAR, will invest US$125 million for a ten percent stake, while Warburg, Legend… Read More
Redpoint, Pinnacle Ventures and Redpoint e.ventures Invest US$30 Million (Latin America)
PSafe Tecnologia, a Brazil-based cloud computing security software company, has received US$30 million in a financing round from venture capital firms Redpoint, Pinnacle Ventures and Redpoint e.ventures, as well as China-based internet security company Qihoo 360. PSafe will use the funds to accelerate its growth and expand within Latin America. Read More
PENM Partners Reaches a US$120 Million First Close on Private Equity New Markets IV (Asia)
Vietnam-focused private equity firm PENM Partners has reached a first close on its fourth private equity fund in Vietnam, Private Equity New Markets IV, with US$120 million in capital commitments. The fund, which has a target of US$180 million, intends to invest in medium and large businesses in a wide range of industries, including downstream food and beverage, fast moving… Read More
Omidyar Network, Helion Venture Partners and Existing Investors Back RailYatri.in (Asia)
India-based RailYatri.in, operator of a mobile app for railway travelers in India, has raised a pre-Series A financing round led by philanthropic investment firm Omidyar Network and India-focused venture capital firm Helion Venture Partners. Existing investors Blume Ventures, an India-focused early-stage venture capital firm, and Ujama Ventures, an angel investment firm, also participated in the round. RailYatri.in intends to use… Read More
Apollo Global Management and EBRD to Acquire Slovenia-based Bank Nova KBM (CEE and CIS)
Global alternative investment manager Apollo Global Management and development finance institution European Bank for Reconstruction and Development (EBRD) have signed an agreement to acquire 100 percent of Slovenia-based bank Nova KBM (NKBM) from the Republic of Slovenia. Apollo will purchase an 80 percent stake in the company, while EBRD will purchase the remaining 20 percent. The transaction values NKBM at… Read More
Warburg Pincus Leads a US$100 Million Round in Vietnam-based Vincom Retail (Asia)
Global private equity firm Warburg Pincus has led a US$100 million follow-on investment round for Vietnam-based shopping mall operator Vincom Retail. Other investors in the consortium were not disclosed. The follow-on investment brings the Warburg-led consortium’s total investment in the company to US$300 million, after its first investment of US$200 million in May 2013. Vincom Retail will use the latest… Read More
The Carlyle Group Agrees to Invest in Shanghai ANE Logistics and JIC Leasing (Asia)
Global alternative asset manager The Carlyle Group has agreed to invest in two China-based companies: road transportation and delivery services provider Shanghai ANE Logistics and financial leasing company JIC Leasing. Carlyle will invest US$120 million for an undisclosed stake in ANE and US$115 million for an 18.5 percent stake in JIC. Both transactions will be structured through Carlyle Asia Growth… Read More