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Creador Invests in Bank Index Selindo (Asia)
Creador, a private equity firm focused on Indonesia, Malaysia, Singapore and India, has invested IDR290 billion (approximately US$24 million) for a 20 percent stake in Indonesia-based lender Bank Index Selindo. The investment will raise the bank’s core capital to IDR900 billion (approximately US$69 million). Bank Index hopes to begin providing credit card and internet banking services by next year, approval… Read More
ACON Investments Completes Investment in BetterWare de México (Latin America)
International private equity investment firm ACON Investments has completed an investment in BetterWare de México, a Mexico-based seller of home organization products. The transaction was structured through ACON Latin America Opportunities Fund IV. Financial details of the transaction were not disclosed. Read More
Global Capital Management Acquires a Majority Stake in SPX (CEE and CIS)
Global Capital Management, the alternative asset management arm of Global Investment House, has acquired a 70 percent stake in Olgarlar Group, a Turkey-based retailer of sports clothing and equipment, which operates under the name SPX. The investment was structured through Global Capital Management’s GMFA Fund. SPX will use the new funds to increase its presence within Turkey and to enter… Read More
ChrysCapital Invests in South Indian Bank (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has invested INR527.8 million (approximately US$8.4 million) in India-listed lender South Indian Bank for a 1.5 percent stake in the company. ChrysCapital purchased 20.5 million shares at INR25.75 (approximately US$0.41) apiece through its investment vehicle Lavender Investments. Read More
Uxin Raises US$170 Million from KKR, Baidu and Coatue Management (Asia)
Global investment firm KKR, China-based search engine operator Baidu and investment management firm Coatue Management have invested US$170 million in Uxin, a China-based online used car auction company. KKR’s investment was structured through its China Growth Fund. Uxin will use the new funding to expand its business-to-consumer platform Uxin Used Car, which will connect auto retailers with used car buyers… Read More
ARX Equity Partners Acquires Diagnostični Center Bled (CEE and CIS)
ARX Equity Partners, a private equity investor focused on mid-sized companies in Central and Eastern Europe, has acquired a 100 percent stake in Slovenia-based healthcare services provider Diagnostični Center Bled (DCB). ARX Equity Partners acquired the company with the intention to consolidate and grow DCB’s position in Slovenia’s diagnostics sector. Financial details of the transaction were not disclosed. Read More
IDG Ventures India Invests in NestAway (Asia)
Venture capital firm IDG Ventures India has led an INR80 million (approximately US$1.3 million) investment in India-based online apartment rental platform NestAway, with participation from a number of angel investors. The company will use the new investment to launch operations in the New Delhi area and Pune. Read More
CNEI Invests in Chenzhou Yangtao Chemical (Asia)
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$8.5 million in Chenzhou Yangtao Chemical, a China-based mine tailing and metallurgy waste treatment company. The transaction was structured through China New Enterprise Investment Fund II. The company intends to use the new investment for capacity expansion and value chain extension. Read More
Advent International to Acquire a Stake in Grupo Financiero Mifel (Latin America)
Global private equity firm Advent International has agreed to invest MXN800 million (approximately US$51 million) for a minority stake in Mexico-based retail banking company Grupo Financiero Mifel. Mifel will use the capital injection to strengthen its capital structure and support its goal of achieving continued growth in Mexico. The transaction is pending regulatory approval and is expected to be completed… Read More
IL&FS Investment Managers, Darby Private Equity & Asia Mezzanine Capital Group Exit SFO Tech. (Asia)
India-focused private equity fund manager IL&FS Investment Managers, Franklin Templeton Investments’ private equity arm Darby Private Equity and direct investment fund manager Asia Mezzanine Capital Group have exited their stakes in SFO Technologies, an India-based electronic manufacturing services company, to the company’s management. The three private equity firms previously invested in the company together in 2011. Financial details of the… Read More
AlpInvest Partners, CVC Capital Partners and GIC Partially Exit HKBN in an IPO (Asia)
Hong Kong-based broadband Internet provider Hong Kong Broadband Network (HKBN) has completed an initial public offering (IPO). The company debuted on the Hong Kong Stock Exchange on 12 March and raised HKD5.8 billion (approximately US$750 million). Global fund of funds manager AlpInvest Partners, private equity and investment advisory firm CVC Capital Partners and Government of Singapore sovereign wealth fund GIC… Read More
SFRE Fund Reaches a First Close (Global)
Investment company Sustainability | Finance | Real Economies (SFRE) has reached a first close with US$40 million in capital commitments for SFRE Fund, an open-ended impact fund focusing on the financial sector. The fund seeks to invest globally in banks that deliver sustainable economic, environmental or social impact. Investors included 15 member banks of the Global Alliance for Banking on… Read More