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CITIC Capital Partners Acquires King Koil Shanghai Sleep System (Asia)
CITIC Capital Partners, the private equity arm of alternative investment management and advisory firm CITIC Capital Holdings, has purchased a controlling stake in China-based mattress retailer King Koil Shanghai Sleep System. The transaction was structured through CITIC Capital China Partners II. The company intends to use the investment to strengthen its place in the hotel contract market and grow its… Read More
Lailaihui Raises a Series B Financing Round from CDH Venture and Fosun Venture Capital Investment (Asia)
CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, and Fosun Venture Capital Investment, Fosun Group’s venture capital arm, have invested RMB100 million (approximately US$16 million) in a Series B financing round for China-based online travel service provider Lailaihui. CDH previously participated in a Series A financing round for the company in February… Read More
Samara Capital Acquires a 45 Percent Stake in Iron Mountain India (Asia)
Private equity firm Samara Capital has acquired a 45 percent stake in Iron Mountain India, a provider of storage and information management services, from its New York Stock Exchange-listed parent Iron Mountain. Iron Mountain’s India business started in 2006 through a joint operation with India-based information storage companies Mody Access Info and Indexinfo Services. Iron Mountain India operates 16 facilities… Read More
TPG to Buy a Majority Stake in Union Bank of Colombo for US$117 Million (Asia)
Global private investment firm TPG has entered into an agreement to invest approximately US$117 million in Sri Lanka-based commercial bank Union Bank of Colombo (UBC) through a combination of primary and secondary shares. TPG will acquire up to 70 percent of UBC’s issued share capital, as well as warrants that would increase TPG’s stake to 75 percent if exercised within… Read More
IDG Ventures India Invests in Online Apparel Retailer eShakti (Asia)
Venture capital firm IDG Ventures India has invested around INR60 million (approximately US$1 million) in India-based online apparel retailer eShakti as part of a multi-stage transaction. The latest tranche, which took place over the last few months, brought IDG Ventures India’s total investment in the company to around US$5 million. The firm previously invested around US$3 million in eShakti in… Read More
LAFISE CASEIF III Holds a US$28.75 Million First Close (Latin America)
Private equity fund manager Lafise Investment Management, a branch of financial conglomerate LAFISE Group, has reached a first close on its latest fund, CASEIF III, with US$28.75 million in capital commitments. CASEIF III, which has a target of US$50 million, aims to invest between US$1 million and US$5 million in small- and medium-sized enterprises in Central America, the Dominican Republic… Read More
MBK Partners Agrees to Sell Techpack Solutions to Dongwon Systems (Asia)
North Asia-focused private equity firm MBK Partners has agreed to sell a 100 percent stake in South Korea-listed beverage packaging product manufacturer Techpack Solutions to South Korea-based aluminum and food can manufacturer Dongwon Systems for KRW250 billion (approximately US$243 million). Including debt, the deal is valued at about KRW450 billion (approximately US$437 million). MBK originally acquired the company in December… Read More
The Carlyle Group Invests in Ganji.com (Asia)
Global alternative asset manager The Carlyle Group has acquired a minority stake in China-based operator of online and mobile-based classifieds Ganji.com in a Series E financing round. The transaction was structured through Carlyle Asia Partners IV. Hedge fund Tiger Global also participated in the round, which was reported to be worth more than US$200 million. Ganji.com intends to use the… Read More
Impact Oil & Gas Secures US$50 Million from Helios Investment Partners and Hoskins Consolidated Investments (Sub-Saharan Africa)
Africa-focused oil and gas exploration company Impact Oil & Gas has raised a total of US$55 million through a private placement of new shares to both new and existing investors. The bulk of the placement, a total of US$50 million, was raised from two new investors: private equity firm Helios Investment Partners and a Johannesburg-listed subsidiary of Hoskins Consolidated Investments,… Read More
Exfinity Technology Fund Raises INR1.25 Billion (Asia)
Early stage venture capital firm Reservoir Investment Managers has reached a second and final close on its maiden fund, Exfinity Technology Fund – Series I, with INR1.25 billion (approximately US$20 million) in capital commitments. Investors in the India-focused fund included institutional investors, family offices and technology executives. Exfinity intends to invest in software start-ups and is in advanced stages of… Read More
Mobile Commerce Platform Movile Raises US$35 Million from Innova Capital and Naspers (Latin America)
Brazil-based mobile commerce platform Movile has raised a US$35 million Series D financing round from venture capital firm Innova Capital and global internet services company Naspers. Movile has also secured US$20 million in long-term financing through FINEP, a Brazilian government organization that funds science and technology projects. The company recently expanded into online-to-offline commerce, and this new funding will support… Read More
EQT Greater China II Sells Gala TV Corporation (Asia)
Private equity group EQT has sold Taiwan-based cable TV channel operator Gala TV Corporation to Yung-Tsai Investment, an investment vehicle jointly owned by businessmen Wang Yung-Tsai, Wang Weng-Tsao and Wong Wen-Yuan. The transaction was structured through EQT Greater China II. EQT originally acquired Gala TV, which operates four cable TV channels, in 2011. Financial details of the transaction were not… Read More