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Bharti Infratel Prices IPO, Raising About US$764 Million (Asia)

Indian telecommunications infrastructure company Bharti Infratel has priced an initial public offering, raising approximately US$764 million from institutional and retail investors. Bharti Infratel issued new shares, to be listed on India’s National Stock Exchange and the Bombay Stock Exchange, that reportedly amount to over three-quarters of the 188.9 million shares sold. The remainder of the shares comes from four existing… Read More

Hony Invests in China International Marine Containers (Asia)

Chinese private equity firm Hony Capital has acquired a 5.16 percent stake in China International Marine Containers (CIMC), a state-owned manufacturer of shipping containers that is in the process of transferring its listing from the Shenzhen Stock Exchange to the Hong Kong Stock Exchange. Broad Ride, a subsidiary of Hony Capital Fund V, was selected to provide cash options to… Read More

Sequoia, IDG Ventures Invest US$9.2 Million in iCreate (Asia)

Global venture capital firms IDG Ventures and Sequoia Capital are investing INR500 million (approximately US$9.2 million) in iCreate Software, an Indian data analytics software developer. iCreate focuses on the banking sector and plans to use the funds to expand its product portfolio and move into overseas markets. IDG Ventures had previously invested INR150 million (approximately US$2.8 million) in iCreate in… Read More

Carlyle Pares Stake in Kaisa as Chinese Developers Rally (Asia)

The Carlyle Group has reduced its stake in Chinese property company Kaisa Group Holdings by selling 216 million shares in the company on the Hong Kong Stock Exchange. The shares reportedly comprised half of Carlyle’s stake in Kaisa and were acquired during its 2007 investment in the company. Financial details of the transaction were not disclosed, but a term sheet… Read More

Consortium Invests in Russia’s Karo Film Group (CEE and CIS)

A consortium of investors, including Russian private equity firm Baring Vostok Capital Partners, Russian asset manager UFG Asset Management, the government-owned Russian Direct Investment Fund and media entrepreneur Paul Heth, has acquired a controlling stake in Russia’s Karo Film Group. Karo owns and operates 31 movie theaters with 197 total screens across Russia, and the investor consortium will support a… Read More

Actis Exits Xiabu Xiabu (Asia)

Emerging markets private equity investor Actis has sold its stake in Chinese restaurant chain Xiabu Xiabu to global private equity firm General Atlantic. Actis first invested in Xiabu Xiabu, which specializes in Chinese hot-pot dishes, in November 2008. During Actis’s investment period, Xiabu Xiabu expanded from 60 restaurants in Beijing and Tianjin to over 300 throughout China. Financial details of… Read More

PE Investors Sit on 40 Percent Gain in CARE IPO (Asia)

Indian credit ratings agency Credit Analysis & Research (CARE) has raised INR5.4 billion (approximately US$99.3 million) in an initial public offering on India’s National Stock Exchange and Bombay Stock Exchange. The company, backed by Indian private equity firms Milestone Capital Advisors and Aditya Birla Private Equity (ABPE), sold 7.2 million shares representing a 25.22 percent stake. Milestone reportedly sold shares… Read More Secures SGD700,000 Pre-Series Funding Led by TNF Ventures (Asia)

Flocations, the Singapore-based operator of Southeast Asia-focused travel website, has received SGD700,000 (approximately US$573,000) in an early stage investment round led by Singaporean venture capital firm TNF Ventures. SingTel Innov8, the corporate venture arm of Singaporean mobile service provider SingTel, and angel investor Ben T. Ball also participated in the round. The funding will allow Flocations to offer new… Read More

The African Agriculture Fund Invests in Feronia (Sub-Saharan Africa)

The African Agriculture Fund (AAF), a private equity fund managed by Sub-Saharan Africa-focused firm Phatisa, has agreed to invest up to US$10.5 million in Feronia, a large-scale commercial farmland and plantation operator in the Democratic Republic of the Congo, through one of the fund’s subsidiaries. The subsidiary will invest in two tranches and AAF will indirectly hold 19.9 percent of… Read More

CNEI Leads US$20 Million Investment in Juxin Internal Leasing (Asia)

China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, has invested US$20 million in Chinese specialty leasing company Juxin Internal Leasing’s Series B investment round, acquiring a 12.1 percent stake. Juxin provides financial leasing services to customers in the public higher education sector, including financing for IT systems, engineering systems, laboratory and vocational training equipment. Read More

Northstar Invests in Indonesian Brokerage Trimegah (Asia)

Indonesian private equity firm Northstar Pacific Partners has acquired a 49 percent stake in Indonesian Stock Exchange-listed brokerage Trimegah Securities for IDR200 billion (approximately US$20.8 million). The firm purchased 1.7 billion shares in Trimegah, including shares owned by hedge fund Spinnaker Capital. Northstar made the investment through Northstar Equity Partners III, a US$820 million Indonesia-focused private equity fund that closed… Read More

GoIntegro Secures Growth Equity Funding from Riverwood Capital and Kaszek Ventures Initiatives (Latin America)

Argentina-based GoIntegro, a human resources social engagement platform focused on Latin America, has received funding from global private equity investor Riverwood Capital and Latin America-focused venture capital firm Kaszek Ventures. GoIntegro’s platform provides corporations with a platform combining a corporate social network with human resources-specific applications and the current round of funding will help the company expand into Brazil. Financial… Read More