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ECP Exits Société d’Articles Hygiéniques Following Tunisia IPO (MENA)
Emerging Capital Partners (ECP), a private equity firm focused on growth capital investing in Africa, has exited Société d'Articles Hygiéniques (SAH), a feminine and baby hygiene products manufacturer, following the company’s listing on the Tunis Stock Exchange. The offering, which closed on December 23, 2013 after two days of subscription, is reported to be the largest to date since the… Read More
Trustbridge Partners Leads a US$130 Million Series A Financing Round for Renrendai.com (Asia)
Venture capital and private equity firm Trustbridge Partners has led a US$130 million Series A financing round for China-based online peer-to-peer lending platform Renrendai.com. Trustbridge committed a reported US$65 million to the transaction. Renrendai.com intends to use the capital injection to improve internal operations, product services and the firm’s risk control capacities. Read More
Enterprise Investors and Intel Capital Sell Back Stake in SIVECO Romania (CEE and CIS)
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, and Intel Capital, the venture capital and private equity arm of Intel Corporation, have sold a joint 32.5 percent stake in Romania-based software company SIVECO Romania to the company’s management. Enterprise Investors and Intel Capital bought the stake in 2005, and since then, SIVECO has opened offices in Bulgaria, the… Read More
Ascent Capital and IDG Ventures Acquire a Stake in Newgen Software Technologies (Asia)
India-focused private equity firm Ascent Capital and venture capital firm IDG Ventures have acquired a minority stake in India-based document imaging solutions provider Newgen Software Technologies for INR800 million (approximately US$12.9 million). The transaction was structured through Ascent India Fund III and IDG Ventures India Fund II. Of the total deal amount, INR200 million (approximately US$3.2 million) was a fresh… Read More
AfricInvest Invests in Broron Oil & Gas (Sub-Saharan Africa)
AfricInvest Group, a private equity house focused on North and Sub-Saharan Africa, has invested a reported US$20 million in Nigeria-based oil and gas company Broron Oil & Gas. The transaction was structured through AfricInvest Fund II. Broron Oil & Gas provides offshore support to international oil companies in Nigeria and the Gulf of Guinea. Read More
The Carlyle Group Exits Tirumala Milk Products (Asia)
French dairy firm Groupe Lactalis has acquired a 100 percent stake in India-based dairy company Tirumala Milk Products for a reported US$250 million to US$300 million, allowing global alternative asset manager The Carlyle Group to exit its 26.4 percent stake in the company. The Carlyle Group originally invested US$22 million in Tirumala in 2010. The company sells a range of… Read More
IMM Private Equity Invests KRW200 Billion in Cable TV Operator T-Broad Holdings (Asia)
South Korea-focused private equity firm IMM Private Equity has acquired a 21 percent stake in T-Broad Holdings, a South Korea-based cable operator, for KRW200 billion (approximately US$187 million). The transaction, which was structured through IIM’s second fund, RoseGold II, was made in two tranches: KRW100 billion (approximately US$93.5 million) in common stock and the same amount in convertible preferred shares.… Read More
BVCF Leads Series A Financing Round in Chinese Joint Venture (Asia)
Life sciences-focused private equity and growth capital investor BVCF has led an RMB45 million (approximately US$7.4 million) Series A financing round for China-based Kunshan RiboQuark Pharmaceutical Technology, a clinical stage pharmaceutical joint venture between pharmaceutical developer Quark Pharmaceuticals and research and development company Ribo Life Science. SBI Incubation—a subsidiary of SBI Group of Japan—Kunshan Industrial Technology Research Institute Investment and… Read More
Asian Healthcare Fund Leads a Series B Round in Forus Health (Asia)
Asian Healthcare Fund, a private equity fund focused on India’s healthcare and life sciences sector, has led an INR500 million (approximately US$8 million) Series B funding round in India-based medical device manufacturer Forus Health. Two existing investors, venture capital firms Accel Partners and IDG Ventures India, also participated in the round. The company, which previously raised US$5 million from Accel… Read More
CNEI Invests US$16.3 Million in Juxin International Leasing (Asia)
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested an additional US$16.3 million in China-based leasing company Juxin International Leasing, increasing its stake to 19.1 percent. CNEI originally led a US$20 million Series B investment round for a 12.1 percent stake in the company in December 2012. Juxin delivers tailored leasing solutions to public higher education institutes… Read More
Black River Capital Partners Food Fund Increases Stake in AgriNurture (Asia)
Global asset management company Black River Asset Management has increased its stake in Philippines-listed food processing and export company AgriNurture (ANI) from 28.1 percent to 30.9 percent with the acquisition of 15 million shares from Antonio L. Tiu, president and chairman of ANI. The transaction was structured through the Black River Capital Partners Food Fund. Last month the company also… Read More
China Developer Greenland Raises RMB11.7 Billion from Five Private Equity Investors (Asia)
Chinese state-owned conglomerate Greenland Holding Group has raised a total of RMB11.7 billion (approximately US$1.9 billion) from five private equity investors by issuing 2.09 billion additional shares. The two largest investors were Shenzhen Ping An Innovation Capital, China Ping An Trust & Investment Company’s principal investment arm, which purchased 1.04 million shares for RMB5.8 billion (approximately US$948.6 million), and a… Read More