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Sequoia Capital China-backed 500.com Lists on the NYSE (Asia)
China-based sports lottery provider 500.com, backed by venture capital firm Sequoia Capital China and private equity fund Vision Knight Capital, has debuted on the New York Stock Exchange (NYSE). The company closed at US$20 on its first trading day, rising nearly 54 percent from its offer price of US$13. Concurrent with the offering, Sequoia purchased US$15 million worth of Class… Read More
The Abraaj Group and Swedfund Invest US$6.5 Million in The Nairobi Women’s Hospital (Africa)
Global growth markets investor The Abraaj Group and Swedish development finance institution Swedfund have invested US$6.5 million in The Nairobi Women’s Hospital, a Kenya-based provider of private healthcare for women and their families. The transaction was structured through The Abraaj Group’s Africa Health Fund, which previously invested US$2.7 million in The Nairobi Women’s Hospital in 2010. The Nairobi Women’s Hospital… Read More
NEVEQ Sells Bulgaria-based 3DC to TelecityGroup (CEE and CIS)
CEE-focused venture capital fund New Europe Venture Equity (NEVEQ) has exited Bulgaria-based data center provider 3DC to London-listed data center provider TelecityGroup. NEVEQ originally invested EUR2 million in 3DC, which provides carrier-independent co-location services for companies, in 2009. Financial details of the transaction were not disclosed. Read More
Nexxus Capital Holds US$550 Million Final Close on Fund VI (Latin America)
Mexico-based private equity firm Nexxus Capital has held a final close on its sixth private equity fund, Nexxus Capital VI, with US$550 million in capital commitments, exceeding its target of US$400 million. Investors include pension plans, sovereign wealth funds and endowments from North America, Europe and the Middle East. The fund is split into two vehicles to separately accommodate commitments… Read More
SNS FMO SME Finance Fund Reaches EUR100 Million First Close (Global)
FMO SME Finance Fund, a fund initiated by SNS Impact Investing, part of SNS Asset Management, and the Dutch development bank FMO, has reached a first close with EUR100 million in capital commitments. The fund aims to support local small- and medium-sized enterprises (SMEs) in emerging markets by providing loans to SME-focused financial institutions. Investors in this fund include Dutch… Read More
XSML Invests in Democratic Republic of the Congo-based Cotrama (Sub-Saharan Africa)
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based transportation service provider Cotrama. The transaction was structured through XSML’s Central Africa SME Fund. Cotrama operates a fleet of around 40 trucks, and intends to use the capital injection to expand and modernize its fleet, as well as to open an additional petrol station in… Read More
Performa Investimentos and Mantiq Investimentos Back Brazil-based Fertilizer Producer Geociclo (Latin America)
Brazil-focused investment management firm Performa Investimentos and private equity fund manager Mantiq Investimentos have invested BRL70 million (approximately US$31 million) in Brazil-based fertilizer producer Geociclo. The company, which produces a fertilizer from poultry waste products and sugarcane waste, intends to use the capital injection for expansion projects. Read More
Mediterra Capital Partners Buys a 49 Percent Stake in Turkey-based Arzum (CEE and CIS)
Turkey-focused private equity firm Mediterra Capital Partners has acquired a 49 percent stake in Turkey-based household appliances producer Arzum Elektrikli Ev Aletleri. Mediterra, through its subsidiary SDA International, bought the stake from Turkish Household Appliance, a unit of emerging markets investment manager Ashmore Group. The company intends to use the capital injection to increase its market share by improving its… Read More
Horizon Capital Exits Platinum Bank (CEE and CIS)
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has fully exited Ukraine-based retail banking platform Platinum Bank to a group of international investment funds and financial investors. The transaction was structured through Emerging Europe Growth Fund. Horizon Capital exited Platinum Bank, which the firm founded as a greenfield… Read More
Hopu Holds a First Close for Fund II with More Than US$1 Billion in Commitments (Asia)
China-focused private equity investment firm Hopu Investment Management has reportedly reached a first close on its second fund, Hopu Master Fund II, with US$1.1 billion in capital commitments. Investors include Singapore sovereign wealth fund Temasek Holdings and global investment bank Goldman Sachs Group, which both committed to Hopu’s first fund. Hopu Master Fund II has a final target of US$2… Read More
VTB Capital-led Consortium Sells White Gardens Office Center to Millhouse (CEE and CIS)
A consortium led by VTB Capital, the investment arm of Russia-based VTB Group, has sold White Gardens, an office center located in Moscow, to Russia-based asset management company Millhouse. The consortium included global private investment firm TPG, sovereign wealth fund China Investment Corporation, international real estate company AIG/Lincoln and Russia-based real estate and land developer Coalco Development. White Gardens comprises… Read More
IDFC Alternatives and CDC Group to Invest in India-based Green Infra (Asia)
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, and U.K. development finance institution CDC Group will participate in a US$125 million financing round for India-based renewable power producer Green Infra. CDC Group will invest up to US$25 million, while IDFC will contribute INR1.5 billion (approximately US$23.7 million). The transaction will be structured through IDFC PE Fund… Read More