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.
Horizon Capital and Zubr Capital Exit MTBank (CEE and CIS)
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, and Belarus-focused private equity fund manager Zubr Capital, have exited Belarus-based lender MTBank. The two private equity firms exited their stakes to Belarusian businessman Alyaksey Aleksin and his wife Iryna Aleksin, who now hold a 99 percent stake in the… Read More
CDC, IFC, CX Partners, NewQuest, Elevar and Bajaj Invest in Ujjivan (Asia)
India-based microfinance company Ujjivan Financial Services has raised INR6 billion (approximately US$96 million) from development finance institutions CDC Group and International Finance Corporation (IFC), private equity firms CX Partners, NewQuest Capital Partners and Elevar Equity and India-based financial company Bajaj Holdings. CX Partners’ investment was structured through CX Partners Fund I, and NewQuest’s investment was structured through NewQuest Asia Investments… Read More
CDC, IFC, CX Partners, NewQuest, Elevar and Bajaj Invest in Ujjivan (Asia)
India-based microfinance company Ujjivan Financial Services has raised INR6 billion (approximately US$96 million) from development finance institutions CDC Group and International Finance Corporation (IFC), private equity firms CX Partners, NewQuest Capital Partners and Elevar Equity and India-based financial company Bajaj Holdings. CX Partners’ investment was structured through CX Partners Fund I, and NewQuest’s investment was structured through NewQuest Asia Investments… Read More
CDH Invests in Equipment Leasing Company Aver Asia (Asia)
China-focused private equity and venture capital firm CDH Investments has invested in Aver Asia, a Singapore-based equipment leasing company. The company, which has branch offices in Malaysia, Indonesia and Myanmar, provides equipment such as aerial lifts, compressors, generators, winches and forklifts to customers across Southeast Asia. Aver Asia plans to use the fresh investment to expand within the Southeast Asia… Read More
IDG Ventures India and Outbox Ventures Participate in a Funding Round for Tripoto (Asia)
Venture capital firm IDG Ventures India and seed stage investment firm Outbox Ventures have participated in a pre-Series A round of funding for India-based Tripoto, an operator of a travel website. The funds will be used for developing Tripoto’s mobile presence and expanding globally. Financial details of the transaction were not disclosed. Read More
AfricInvest to Acquire a Minority Stake in Elephant Group (Sub-Saharan Africa)
Pan-African private equity firm AfricInvest has entered into an agreement with Elephant Group, a Nigeria-based agricultural commodities trading, production, processing, marketing and distribution company, to acquire a minority stake in the company. Elephant Group intends to use the funding to increase its market share in commodities trading and expand its operations across African markets. Financial details of the transaction were… Read More
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