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Enterprise Investors Acquire a 19 Percent Stake in JS Hamilton Poland for EUR8 Million (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital firm Enterprise Investors has agreed to acquire a 19 percent stake in JS Hamilton Poland, a Poland-based provider of laboratory analysis and inspection services, for EUR8 million (approximately US$9.8 million). The transaction, which is conditional upon regulatory approval, will be structured through Enterprise Venture Fund I. JS Hamilton Poland operates a network… Read More
The Carlyle Group Invests US$32.8 Million in Newgen KnowledgeWorks (Asia)
Global alternative asset manager The Carlyle Group has acquired a 55 percent stake in India-based publishing and technical services provider Newgen KnowledgeWorks from existing investors for US$32.8 million. The transaction was structured through First Carlyle Ventures III. Carlyle acquired the stake held by private equity investors Franklin Templeton Private Equity Strategy, Aureos South Asia Fund (now managed by The Abraaj… Read More
Amethis Finance and Retail Holding Jointly Invest in Compagnie de Distribution de Côte d’Ivoire (Sub-Saharan Africa)
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and Retail Holding, the parent company of Moroccan food distributor Label’Vie Group, have jointly invested in Côte d'Ivoire-based food distribution company Compagnie de Distribution de Côte d'Ivoire (CDCI). CDCI owns and operates wholesale, semi-wholesale and retail stores. Financial details of the transaction were not disclosed. Read More
Actis Invests in Université Centrale Group (MENA)
Pan-emerging markets private equity firm Actis has invested in Tunisa-based Université Centrale Group, a provider of private tertiary education in Tunisia. The university’s four schools offer courses across medical, legal, engineering and business disciplines. Financial details of the transaction were not disclosed. Read More
Permira Backs Management in Teraco Buyout (Sub-Saharan Africa)
International private equity firm Permira has agreed to acquire 100 percent of the equity in South Africa-based Teraco in partnership with the company’s management. The transaction was structured through Permira V. Established in 2008 after the deregulation of South Africa’s telecoms market, Teraco provides carrier-neutral datacenter services in Sub-Saharan Africa. Permira’s investment, the firm’s first in Africa, will support the Teraco’s… Read More
Cartica Capital Partially Exits Kitchen Appliance Manufacturer TTK Prestige (Asia)
Emerging markets-focused alternative asset manager Cartica Capital has partially exited India-based kitchen appliances manufacturer TTK Prestige for INR465 million (approximately US$7.5 million). Cartica’s remaining 5.7 percent stake is worth around INR2.5 billion (approximately US$40 million). Cartica originally invested in the company in June 2013. Read More
Aditya Birla Private Equity Among Anchor Investors in Monte Carlo Fashions IPO (Asia)
India-focused investment manager Aditya Birla Private Equity has acquired a 2.5 percent stake in India-based apparel manufacturer Monte Carlo Fashions for INR350 million (approximately US$5.6 million). The transaction, which was part of an anchor investor allotment ahead of the company’s public issue on the Bombay Stock Exchange and the National Stock Exchange, was structured through Aditya Birla Private Equity Fund… Read More
Qiming Venture Partners Participates in Financing Rounds for Wacai, CANbridge Life Sciences and SequoiaDB (Asia)
Venture capital firm Qiming Venture Partners has participated in financing rounds for three China-based companies: personal finance mobile app developer Hangzhou Wacai Science (Wacai), biopharmaceutical company CANbridge Life Sciences and NoSQL database provider SequoiaDB. Qiming participated in a US$50 million Series B financing round for Wacai, which was led by private equity firm China Broadband Capital and CICC Capital, a… Read More
DPI Acquires a Minority Stake in HomeChoice International (Sub-Saharan Africa)
Pan-African private equity firm Development Partners International (DPI) has acquired a minority stake in South Africa-based home shopping retailer HomeChoice International. The transaction was structured through DPI’s second fund, African Development Partners II. DPI’s investment will be followed by HomeChoice’s listing on the JSE in December. Financial details of the transaction were not disclosed. Read More
NBK Capital Acquires a Majority Stake in Sistem-9 Medya (CEE and CIS)
NBK Capital’s Alternative Investments Group, a private equity and mezzanine fund manager in the Middle East and North Africa, has acquired a 51 percent stake in Turkey-based digital signage company Sistem-9 Medya. The transaction was structured through NBK Capital Equity Partners Fund II. Financial details of the transaction were not disclosed. Read More
TPG Capital to Sell Stake in China Grand Automotive Services to an Investor Group for US$700 Million (Asia)
TPG Capital, the principal investment platform of global private investment firm TPG, has agreed to sell its entire stake in China-based car dealer China Grand Automotive Services (CGA) to a group of investors, led by Chinese financial services company Haitong International Securities Group, for approximately US$700 million. Haitong International will buy 40 percent of TPG’s stake in the company, with… Read More
Middle East Venture Partners and DASH Ventures Invest in Altibbi (MENA)
MENA-focused venture capital firm Middle East Venture Partners and seed investor DASH Ventures have participated in a financing round for United Arab Emirates-based Altibbi, an Arabic language online medical platform. Altibbi intends to use the capital to accelerate revenue growth and expand the reach of its brand. Financial details of the transaction were not disclosed. Read More