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ACON Investments Acquires Packaging Companies in Peru and Colombia (Latin America)
United States- and Latin America-focused international private equity investment firm ACON Investments has acquired Intecplast, a Colombia-based rigid plastic packaging manufacturer focused on personal care, cosmetics and pharmaceuticals, and Pieriplast, a Peru-based supplier of luxury packaging solutions for the direct sales cosmetics industry in the Andean Region. Intecplast and Pieriplast will be consolidated to form Amfora Packaging, a new holding… Read More
IFC, AMC and Bertelsmann Back Corporate Training Company Affero Lab (Latin America)
International Finance Corporation (IFC), a development finance institution, IFC Asset Management Company (AMC), a wholly-owned subsidiary of IFC, and Bertelsmann, a global media, services and education company, have invested in Brazil-based corporate training company Affero Lab. AMC’s investment was structured though IFC African, Latin American, and Caribbean Fund. Post-transaction, Bertelsmann will hold more than 40 percent of the company, while… Read More
IDG Ventures India Participates in a Funding Round for Uniphore Software Systems (Asia)
Uniphore Software Systems, an India-based speech recognition solutions company, has received a round of funding from venture capital firm IDG Ventures India and YourNest Angel Fund, an India-focused early stage fund. Uniphore will use the investment to scale its technology development efforts and expand into new global markets. Financial details of the transaction were not disclosed. Read More
Warburg Pincus Invests in Ecom Express (Asia)
Global private equity firm Warburg Pincus has invested more than INR8.5 billion (approximately US$133 million) in India-based e-commerce logistics company Ecom Express. Ecom Express will use the new investment to grow its operations in rural areas and small towns in India, strengthen its technology and infrastructure and expand its management. Read More
Tiger Global Management Leads a US$30 Million Series B Round for Nubank (Latin America)
Nubank, a Brazil-based mobile credit card company, has raised US$30 million in a Series B round of funding led by global investment firm Tiger Global Management. Existing investors in the company—venture capital firms Sequoia Capital, Kaszek Ventures and QED Investors—also participated in the round. Nubank will use the investment to improve its platform and expand its user base. Read More
Now Open! 2015 Global Venture Capital Confidence Survey
EMPEA is pleased to support Deloitte's annual Global Venture Capital Confidence Survey. The focus of the survey is confidence levels for global investing, fundraising and capital markets. It should take no more than five minutes of your time. The survey is being taken worldwide and last year’s results provided useful insights. Multiple responses from a single firm are encouraged. The… Read More
Aspada Investment Company Invests in EM3 AgriServices (Asia)
Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, has invested INR200 million (approximately US$3.1 million) in EM3 AgriServices, an India-based farm mechanization and technology services company. The transaction was structured through Aspada Investment Company, a venture capital-focused holding company managed by Aspada Investment Advisors. EM3 intends to use the new funds to expand its… Read More
Silver Lake Leads a US$500 Million Investment Round in Qunar (Asia)
Global technology-focused investor Silver Lake has led a US$500 million round of funding in China-based mobile and online travel platform Qunar in the form of two percent senior unsecured convertible notes with an initial conversion price of US$55 per share. Silver Lake invested US$330 million, while another undisclosed investor contributed US$170 million. Qunar will use the funding to expand its… Read More
ChrysCapital Sells Its Stake in Mankind Pharma to Capital Group Private Markets (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has sold its 11 percent stake in India-based prescription drug producer Mankind Pharma to Capital Group Private Markets, a global private equity investor, for INR13 billion (approximately US$203 million). The exit reportedly returned a 10x cash multiple to ChrysCapital. Read More
Cathay Capital Private Equity Acquires a 25 Percent Stake in Cabio Bioengineering (Asia)
Global private equity firm Cathay Capital Private Equity has acquired a 25 percent stake in Cabio Bioengineering, a China-based biologically fermented foods producer. The transaction was structured through the Sino French (Midcap) Fund. The new investment will help the company to diversify its product portfolio and increase its market coverage. Financial details of the transaction were not disclosed. Read More
Ontario Teachers’ Pension Plan, Banco Santander Launch Cubico Sustainable Investments (Global)
Canadian pension funds Ontario Teachers’ Pension Plan (Teachers) and Public Sector Pension Investment Board (PSP Investments) and retail and commercial bank Banco Santander have formed Cubico Sustainable Investments, a United Kingdom-based firm established to manage and invest in renewable energy and water infrastructure assets globally. The firm, owned equally by Teachers, PSP Investments and Santander, launched with a portfolio valued… Read More
Omidyar Network and EchoVC Partners Invest US$1.2 Million in Hotels.ng (Sub-Saharan Africa)
Nigeria-based hotel booking website Hotels.ng has secured a US$1.2 million investment from philanthropic investment firm Omidyar Network and EchoVC Partners, a seed and early stage venture capital firm focused on North America, Africa and Southeast Asia. EchoVC’s investment was structured through its EchoVC Pan-Africa Fund. The fresh investment will be used to expand Hotels.ng’s platform of Nigerian hotels in the… Read More