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ASK Pravi Invests INR600 Million in Omni Hospitals (Asia)
Private equity firm ASK Pravi Capital Advisors, a joint venture between ASK Group and Pravi Capital, has invested INR600 million (approximately US$9.7 million) in India-based tertiary care hospital chain Omni Hospitals for a significant minority stake. The company, which operates as a unit of Incor Hospitals, intends to use the new financing to expand its business across South and East… Read More
FINAM Sells 30 Percent of Shares in Banki.ru for US$6 Million (CEE and CIS)
Russia-focused growth capital and buyout investor FINAM Global has sold its 30 percent stake in Russian bank information website Banki.ru for US$6 million to Russia Partners, a Russia and CIS-focused private equity firm. The secondary transaction was structured through Russia Partners Technology Fund. FINAM Global originally bought the 30 percent stake in 2010 for US$3 million. Read More
Brazilian Vacation Bookings Company HotelUrbano Gets US$20 Million in Third Round Led By IVP (Latin America)
Global private equity and venture capital firm Insight Venture Partners (IVP) led a US$20 million Series C round investment in Brazil-focused vacation bookings e-platform HotelUrbano for about a four percent stake. The company, which was valued at approximately US$250 million in April, plans to use the new capital to launch in other Latin American markets, develop new product lines and… Read More
Aavishkaar II Announces Its Final Close at US$94 Million (Asia)
Aavishkaar Venture Management Services, a venture capital firm focused on India’s rural areas, has announced the final close of Aavishkaar India II Company, a venture capital fund that targets India’s low-income states, at US$94 million. The fund, which held a first close in September 2011 at US$70 million, has already made seven investments in early-stage enterprises across sectors including agriculture,… Read More
Actis Buys African Payments Business for US$95 Million (Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis will acquire a 100 percent stake in Paycorp, a South Africa-based payments business, together with the company’s management team for US$95 million. Actis and the management will purchase the stake from financial services group Transaction Capital, which bought the company in 2006. Paycorp is a non-bank card issuer and ATM company, operating nearly 5,000… Read More
Vangoo Capital Leads Series C Financing for Chinese Luxury Goods Seller (Asia)
Japan-based private equity firm Vangoo Capital Partners led a Series C round investment for more than US$30 million in Secoo.com, a China-based luxury goods retailer. Existing shareholders IDG Capital Partners, a China-focused investment firm, and Ventech Capital, a venture investor, also participated in the round. Secoo.com, which sells secondhand branded-items online and at outlets in Beijing, Shanghai and Chengdu, intends… Read More
IFC, IFC Asset Management Company to Invest US$150 Million to Strengthen Colombia’s Infrastructure (Latin America)
International Finance Corporation (IFC) and two funds managed by IFC Asset Management Company (IFC AMC) have signed an agreement to invest US$150 million in Colombia-based oil and gas investor Pacific Infrastructure Ventures. IFC AMC’s investment will be structured through IFC Africa, Latin American and Caribbean Fund and IFC Global Infrastructure Fund. The capital injection is intended to help Pacific Infrastructure… Read More
Tiantu Capital Closes Sixth Fund at RMB1 Billion (Asia)
China-focused private equity and venture capital firm Tiantu Capital has reached a final close on its sixth RMB-denominated fund at RMB1 billion (approximately US$160 million). The new fund will target investments in the consumer sector. Read More
Motilal Oswal Private Equity Reaches Fourth Close for Second Fund (Asia)
Motilal Oswal Private Equity, a subsidiary of Indian financial services company Motilal Oswal Financial Services, has held a fourth close on its India Business Excellence Fund-II (IBEF-II) with INR6.3 billion (approximately US$103 million) in capital commitments. The fund recently received a commitment of US$25 million from International Finance Corporation, the private sector arm of the World Bank. IBEF-II, which is… Read More
Lighthouse Reaches US$60 Million First Close (Asia)
India-focused private equity fund manager Lighthouse Funds has held a first close on its second fund, India 2020 Fund II, with approximately US$60 million in commitments. Lighthouse reportedly received re-ups from all major institutional investors in its first fund, which raised US$100 million in 2008. Fund II has a final target size of US$125 million, and intends to invest US$5… Read More
H.I.G. Capital Acquires a Significant Stake in LG Sistemas (Latin America)
Global private investment firm H.I.G. Capital’s Brazilian affiliate has completed a strategic investment in LG Sistemas, a Brazil-based human resources software provider. LG Sistemas plans to use the investment to strengthen its R&D capabilities and broaden its portfolio of software solutions and services. Financial details of the transaction were not disclosed. Read More
BaltCap Exits Quattromed Laboratories Through Sale to Synlab (CEE and CIS)
BaltCap, a private equity firm focused on the Baltic States, has exited its investment in Medicap Holding, an Estonia-based medical laboratory services provider with operations in Estonia, Lithuania and Finland. Synlab, a Germany-based provider of laboratory services for human and veterinary medicine, acquired 100 percent of Medicap from Baltcap and individual shareholders. Financial details of the transaction were not disclosed. Read More