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The Carlyle Group Closes Carlyle Asia Partners IV at US$3.9 Billion (Asia)
Global alternative asset manager The Carlyle Group has reached a final close on Carlyle Asia Partners IV (CAP IV) with US$3.9 billion in capital commitments, exceeding its target of US$3.5 billion. CAP IV intends to make control and significant minority investments in companies across the Asia ex-Japan region. CAP IV completed its first investment in May in ADT Korea, a… Read More
Catalyst Principal Partners Invests in Mimosa Pharmacy (Sub-Saharan Africa)
East Africa-focused private equity firm Catalyst Principal Partners has invested in retail pharmacy chain Mimosa Pharmacy alongside Chris Getonga, the founder of Mimosa, and Africa Chemist and Beauty Care, an investor planning to build an East African pharmacy chain. Mimosa Pharmacy intends to use the funds to expand across commercial centers in Kenya and East Africa. Financial details of the… Read More
Multiples Alternate Asset Management Leads a US$35 Million Series C Round for Delhivery (Asia)
India-focused private equity firm Multiples Alternate Asset Management has led a US$35 million Series C financing round for Delhivery, an e-commerce logistics company based in India. Existing investors Nexus Venture Partners and Times Internet, the internet subsidiary of The Times of India Group, also participated. Delhivery intends to use the financing to invest in its portfolio of e-commerce technologies and… Read More
CDH Venture Closes Its Third Fund (Asia)
CDH Venture, a venture capital team under the umbrella of China-focused alternative asset fund manager CDH Investments, has closed its third venture capital fund with more than US$100 million in capital commitments. The fund intends to target businesses that are moving from the offline to online space, as well as healthcare start-ups, and has already invested in nine companies since… Read More
Amwal AlKhaleej Acquires a Majority Stake in Sports Retailer Umark (MENA)
Amwal AlKhaleej, a private equity firm focused on the Middle East and North Africa, has acquired a majority stake in Umark, a Saudi Arabia-based sports retailer and distributor of personal care and home appliance products. The transaction, which took the form of a capital increase, is intended to finance the company's expansion in the sports retail, personal care and home… Read More
Swicorp Acquires a 30 Percent Stake in BRC Industrial (MENA)
Swicorp, a MENA-focused investment banking and asset management firm, has acquired a 30 percent stake in Saudi Arabia-based steel products manufacturing and processing company BRC Industrial. The transaction was structured through Sadeed Investment, a Swicorp-owned investment vehicle. BRC Industrial intends to strengthen its position in the domestic reinforcement steel and fencing markets. Financial details of the transaction were not disclosed. Read More
Actis to Invest US$250 Million in Mexican Energy Platform Zuma Energía (Latin America)
Pan-emerging markets private equity firm Actis is committing US$250 million to establish Mexico-focused energy platform Zuma Energía, which will target over 500MW of installed capacity in the country. Zuma Energía’s strategy involves both partnering on new projects and developing its own proprietary pipeline. The platform has completed its first acquisition, closing the financing of PE Ingenio, a 50MW wind farm located… Read More
Partners Group Backs Turkey-based Natural Gas Company Enerya (CEE and CIS)
Global private markets investment manager Partners Group has acquired a 30 percent stake in Turkey-based natural gas distributor Enerya. The stake was acquired from Enerya's parent company, Turkey-based infrastructure conglomerate STFA Group, which continues to hold the remaining equity. Enerya owns and operates nine natural gas distribution companies in different regions in Western and Central Turkey, each with exclusive 30-year… Read More
IDG Ventures India Leads an INR20 Million Seed Financing Round for myNoticePeriod.com (Asia)
India-based online recruitment company myNoticePeriod.com has raised more than INR20 million (approximately US$330,000) in a seed stage financing round led by venture capital firm IDG Ventures India. Individual angel investors also participated in the round. The company intends to use the capital to strengthen its team, increase revenues and invest in hiring technologies. Read More
Avallon MBO Fund II Buys MPS International (CEE and CIS)
Private equity fund manager Avallon has signed an agreement to acquire 100 percent of Poland-based cosmetics manufacturer MPS International, together with the company’s management, from Sweden-based holding company MPS Holding. The transaction was structured through Avallon MBO Fund II. MPS International will continue to focus on manufacturing cosmetics and household cleaning products under private labels and on the production of… Read More
Intel Capital, EBRD, Flint Capital and VTB Capital Invest US$7.3 Million in Webinar.ru (CEE and CIS)
Russia-based web and video conferencing software company Webinar.ru has raised US$7.3 million in a Series A financing round led by Intel Corporation’s venture capital arm Intel Capital and development finance institution European Bank for Reconstruction and Development (EBRD). Private equity firm Flint Capital and asset manager VTB Capital, the investment arm of Russia-based VTB Group, also participated. VTB Capital originally… Read More
Navis Capital Partners Acquires Cladtek Holdings (Asia)
Southeast Asia-focused private equity firm Navis Capital Partners has acquired an equity stake in Singapore-based manufacturer of corrosion-resistant clad pipes Cladtek Holdings. The company, which provides anti-corrosion technology used in oil and gas pipelines, intends to expand into both new and existing markets. Financial details of the transaction were not disclosed. Read More