GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.

Access past editions of NewsWatch here.

TaxiForSure Raises Venture Capital from Accel, Helion (Asia)

Serendipity Infolabs, the India-based operator of online taxi reservation service TaxiForSure.com, has raised venture capital funding from global venture capital investor Accel Partners and India-based firms Helion Venture Partners and Blume Ventures. TaxiForSure, which caters to business travelers, is currently available in Bangalore and plans to soon expand to Delhi and Mumbai. Financial terms of the transaction were not disclosed. Read More

Nexxus Capital Announces an Investment in Price Travel (Latin America)

Nexxus Capital, a Mexico-based fund manager, has acquired a 31 percent stake in Price Travel, a travel services provider focused on the Mexican market. Price Travel’s current operations include an online platform and 98 Price Travel Shops offering hotel reservations, airline tickets, ground transport, tours and vacation packages. This is the third investment Nexxus Capital has made through Nexxus IV… Read More

Actis Exits Accra Mall (Sub-Saharan Africa)

Actis has announced the sale of its 85 percent stake in Accra Mall, a shopping and leisure center in Ghana, to Atterbury, a South Africa-based property developer, and Sanlam, a financial services group also based in South Africa. Actis led the development of Accra Mall in partnership with the Owusu-Akyaw family of Ghana.  The mall, which opened in 2008, attracts… Read More

TVM Capital MENA Announces Recent Final Closing of TVM Healthcare MENA I Fund (MENA)

TVM Capital MENA, a Dubai-based private equity and growth capital investor focused on the healthcare markets of the Middle East, North Africa and India, has held a final close of US$50 million for TVM Healthcare MENA I. With the final close, Crescent Enterprises, a diversified holding company based in the United Arab Emirates, and a group of entrepreneurs managed by… Read More

Quikr Attracts US$32 Million Private Equity Investment (Asia)

Quikr, an Indian internet and mobile classifieds platform, has raised US$32 million in a financing round led by Warburg Pincus, a global private equity investor specializing in growth investments. Existing investors Matrix Partners India, Norwest Venture Partners and eBay also participated. Quikr will use the new capital to diversify its online and mobile offerings and strengthen its product development and… Read More

AfDB Sponsors Fund of Funds for Agribusiness in Africa (Sub-Saharan Africa)

The Board of Directors of the African Development Bank Group (AfDB) has approved a US$100 million anchor investment in Agvance Africa, an agribusiness-focused fund of funds to be managed by Credit Suisse Customized Fund Investment Group (CFIG). Agvance Africa is focused on promoting private investment in African agriculture and agribusiness. The fund is targeting total commitments of US$500 million and… Read More

Ice Bear Raises Capital from Baird Capital Partners Asia, CCI, Great Dane (Asia)

Read More

Eastbridge and Penta Exercise Joint Control over Empik Media & Fashion (CEE and CIS)

Penta Investments, a Central and Eastern Europe-focused private equity and real estate investor based in the Czech Republic, has acquired a 19.5 percent stake in Polish retailer Empik Media & Fashion (EM&F) from Eastbridge Capital, a Luxembourg-based investment fund. Penta now holds 33.5 percent of the company, with Eastbridge retaining roughly 41 percent. With a combined voting share of 75.2… Read More

Riverside Exits Polish Chimney Maker (CEE and CIS)

The Riverside Company, a U.S.-based global private equity firm, has sold MK Chimney Systems of Poland to French firm Isotip-Joncoux Group. Riverside, which first invested in the Polish chimney systems producer in 2006, has earned a 2.9x cash-on-cash return from the sale. Read More

VTB Capital Announces Share Purchase of Zapadnaya Gold Mining Ltd. (CEE and CIS)

VTB Capital, the investment arm of Russia-based VTB Group, has acquired a minority stake in Russian mining firm, Zapadnaya Gold Mining Ltd. (ZGML). ZGML, which has over 25 years of experience in the gold mining industry in Eastern Siberia, plans to use the investment capital to complete construction of the Alexandrovsky mine and commence a program to expand reserves in… Read More

glendonTodd Capital LLC Acquires Toutatis Inc. (Latin America)

glendonTodd Capital, a U.S.-based private equity firm specializing in business services and real estate, has partnered with Brazilian middle-market investor Performa Partners to acquire Toutatis, a business process outsourcing (BPO) provider based in São Paulo. Toutatis, which offers human resource, accounting, and procurement outsourcing services, manages its clients’ operations in ten countries in Latin America.  Financial terms of the transaction… Read More

Lightspeed China Partners Invests in Tujia.com (Asia)

Lightspeed China Partners (LCP), the China-based division of global venture capital firm Lightspeed Venture Partners, has made a Series A investment in Tujia.com, a China-based online vacation rental services provider. China-based CDH Investments and travel service providers Ctrip.com International and HomeAway also participated in the investment round. Tujia plans to use the additional capital to expand its operations to meet… Read More