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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
LIV Capital Invests in WOBI (Latin America)
Mexico-focused growth equity and venture capital investor LIV Capital has acquired a controlling stake in WOBI, a Mexico-based management content production and distribution firm. WOBI intends to use the fresh funding to consolidate its position in Latin America and expand in international growth markets. Financial details of the transaction were not disclosed. Read More
CDH Investments Leads a Series A Round for Zhongding Dairy Farming (Asia)
China-focused private equity and venture capital firm CDH Investments has invested RMB140 million (approximately US$23 million) as part of an RMB400 million (approximately US$65 million) Series A round for China-based dairy company Zhongding Dairy Farming. The company will use the new funds to expand and consolidate its dairy assets. Read More
The Abraaj Group Exits Its Stake in ECCO Outsourcing (MENA)
Global growth markets investor The Abraaj Group has exited its investment in Egypt-based business process outsourcing and contact center outsourcing company ECCO Outsourcing through a strategic sale to Saham Services, a subsidiary of Morocco-based conglomerate Saham Group. Abraaj initially invested in ECCO in 2013. Financial details of the transaction were not disclosed. Read More
Baring Private Equity Asia to Buy a Majority Stake in CMS Info Systems (Asia)
Asia-focused private equity firm Baring Private Equity Asia has agreed to purchase a 57 percent stake in India-based cash management company CMS Info Systems for US$250 million from global investment and advisory firm The Blackstone Group. CMS provides ATM-related cash management services, including cash delivery and pick-ups and in-transit services. Blackstone previously invested a reported US$65 million for a majority… Read More
The Carlyle Group Reaches a Final Close for Its Second Brazil-focused Fund (Latin America)
Global alternative asset manager The Carlyle Group, in partnership with Brazil-based bank Banco do Brasil, has reached a final close for its Brazil-focused buyout fund Fundo Brasil de Internacionalização de Empresas II with BRL700 million (approximately US$225 million) in capital commitments. The fund was raised primarily from Brazil-based institutions and local pension funds. Read More
NBK Capital Partners Exits Dem Pharmaceutical (CEE and CIS)
NBK Capital Partners, a firm focused on private equity and mezzanine investments in the Middle East and North Africa, has completed the realization of its mezzanine investment in Turkey-based pharmaceuticals company Dem Pharmaceutical. The transaction was structured through NBK Capital Mezzanine Fund I. NBK Capital initially invested in Dem Pharmaceutical in 2012. Financial details of the exit were not disclosed. Read More