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Abris Capital Partners to Back Tissue Manufacturer Pehart (CEE and CIS)

CEE and CIS-focused mid-market private equity firm Abris Capital Partners has agreed to invest in the Pehart group of companies, a producer of tissue paper in Romania and Southeastern Europe. As part of the transaction, development finance institution European Bank for Reconstruction and Development will entirely exit its stake in Pehart Tec, one of the Pehart group companies. Following Abris’s… Read More

UFO Moviez’s IPO Provides Partial Exits for 3i Group and Providence Equity Partners (Asia)

India-based digital cinema distribution company UFO Moviez has completed an initial public offering (IPO) on the Bombay Stock Exchange and the National Stock Exchange, providing partial exits for international investment firm 3i Group and private equity firm Providence Equity Partners. UFO Moviez raised INR6 billion (approximately US$94 million) in the IPO, with shares priced at INR625 (approximately US$9.77) apiece. Post-IPO,… Read More

Nexus Venture Partners Raises US$434 Million Across Two India-focused Venture Capital Funds (Asia)

Venture capital firm Nexus Venture Partners has closed Nexus India Capital IV, the firm’s fourth early-stage venture fund, with US$304 million in capital commitments. In addition, the firm has raised US$130 million for a top-up fund focusing on later-stage investments in existing portfolio companies. Commitments for the two vehicles reportedly came from the same group of limited partners. Read More

CNEI Invests US$15 Million in Guanghua Education Group (Asia)

China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$15 million in Guanghua Education Group (GH Education), a China-based private school operator. The transaction was structured through CNEI Fund II. GH Education intends to use the capital to set up new schools and campuses, as well as to further expand its international-oriented education services.  Read More

Templeton Asset Management Leads a EUR81.7 Million Investment in EasyPack (CEE and CIS)

Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has led a EUR81.7 million (approximately US$92 million) investment in Poland-based EasyPack, an operator of parcel locker networks, with the option to participate in a future follow-on investment. The transaction was structured though Templeton’s Strategic Emerging Markets Fund IV. Other participants in the round included Poland-based insurance company PZU… Read More

African Infrastructure Investment Managers Backs Joule Africa (Sub-Saharan Africa)

Infrastructure investment firm African Infrastructure Investment Managers (AIIM) and Africa-focused power developer Joule Africa have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in power projects being developed by Joule Africa. Joule Africa’s current development interests include Bumbuna II, a hydro-electric project in Sierra Leone, and Kpep, a hydro-electric project in Cameroon.… Read More

Actis Agrees to Sell a Majority Stake in Phoenix Lamps to Suprajit Engineering (Asia)

Pan-emerging markets private equity firm Actis has agreed to sell its majority stake in India-listed automobile light manufacturer Phoenix Lamps to India-listed automobile cable manufacturer Suprajit Engineering for up to INR1.5 billion (approximately US$24 million). Actis will sell a 51 percent stake for INR1.2 billion (approximately US$20 million), and then, depending on the acceptance level of shares in the mandatory… Read More

The Abraaj Group- and Actis-backed Integrated Diagnostics Holdings Completes an IPO (MENA)

Egypt-based laboratory diagnostics company Integrated Diagnostics Holdings (IDH) has completed an initial public offering (IPO) on the London Stock Exchange, facilitating a partial exit for global growth markets investor The Abraaj Group. IDH sold 65 million shares priced at US$4.45 per share, raising around US$290 million. The issue returned around US$203 million to The Abraaj Group, which sold 46 million… Read More

eDaijia Raises US$100 Million in Series D Round (Asia)

China-based provider of mobile designated driving services eDaijia has completed a US$100 million Series D financing round led by global private equity firm Warburg Pincus and venture capital firms Matrix Partners and Lightspeed Venture Partners. The company had previously completed a US$25 million Series C funding round, in which Matrix and Lightspeed participated, in October 2014. The new financing will… Read More

Anthem Asia Invests in Myanmar-based Mobile Data Collection Platform Xavey (Asia)

Anthem Asia, a Myanmar-focused investment and advisory group, has acquired a minority stake in Xavey, a Myanmar-based mobile data collection platform. Xavey intends to use the investment to accelerate its marketing and product development. Financial details of the transaction were not disclosed. Read More

Nexxus to Acquire a 29 Percent Stake in AGS NASOFT(Latin America)

Mexico-focused private equity firm Nexxus Capital has agreed to acquire a 29 percent stake in AGS NASOFT, a Mexico-based information technology services company. The transaction will be structured through Nexxus Capital Private Equity VI. Nexxus Capital intends to help NASOFT consolidate its platform in Latin America, the United States and Spain. Financial details of the transaction were not disclosed. Read More

Enterprise Investors to Acquire a 76 Percent Stake in Poland-based Telecom 3S (CEE and CIS)

Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to acquire a 76 percent stake in Poland-based telecommunications company 3S for EUR22 million (approximately US$25 million). Enterprise will purchase the stake from PCC, a Germany-based conglomerate, and the company’s founders, who will retain a minority stake. The transaction, which will be structured through Polish… Read More