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Enterprise Investors’ Venture Fund Invests EUR2.2 Million in EP Serwis (CEE and CIS)

Polish private equity and venture capital firm Enterprise Investors has invested EUR2.2 million (approximately US$2.9 million) in EP Serwis, a Polish manufacturer and service provider for wooden pallets. EP Serwis intends to accelerate its growth through investments in system development and pallet pool expansion. Enterprise Investors structured the investment through its Enterprise Venture Fund I venture capital fund. Read More

Motilal Oswal Invests US$6.5 Million in Magicrete (Asia)

Motilal Oswal Private Equity (MOPE), the private equity arm of Indian financial services company Motilal Oswal, has invested INR350 million (approximately US$6.5 million) in Indian building materials manufacturer Magicrete Building Solutions. Magicrete produces autoclave aerated concrete blocks, gypsum plaster and dry mortar, and intends to use the funding to accelerate its growth. MOPE structured the transaction through its India Business… Read More

Globus Spirits Gets INR705 Million from Templeton Fund (Asia)

Asset management firm Templeton Asset Management has invested INR705 million (approximately US$13 million) in Indian liquor producer Globus Spirits. Globus, which is listed on the Bombay Stock Exchange and the National Stock Exchange, produces both Indian and foreign spirits. Templeton structured the transaction through Templeton Strategic Emerging Markets Fund IV. Read More

Mekong Enterprise Fund II Partially Exits Its Investment in MobileWorld (Asia)

Mekong Capital, a Vietnam-focused private equity firm, has announced the completion of a partial exit from its 2007 investment in Vietnamese mobile phone retailer MobileWorld Investment Corporation. Mekong Capital’s Mekong Enterprise Fund II sold part of its stake to an undisclosed financial investor, reducing its holding from 32.5 percent to 25.8 percent. While financial details of the transaction were not… Read More

SkyLake Incuvest Acquires Tapex at KRW100 Billion (Asia)

South Korea-based private equity firm SkyLake Incuvest has agreed to acquire an 83 percent stake in adhesives manufacturer Tapex from KDB Capital and JKL Partners for KRW100 billion (US$91 million). In addition to plastic wrap and other household and office items, Tapex produces specialty tape used in LCD, semiconductor and battery manufacturing applications. Read More

LitCapital Has Signed an Investment Agreement with Altechna (CEE and CIS)

Lithuania-focused growth capital firm LitCapital has signed an agreement to invest up to EUR3 million (approximately US$3.9 million) in Lithuanian optical technology company Altechna for a minority stake. Altechna manufactures and supplies products in the fields of general optics, optoelectronics and laser components, and the investment is intended to finance the purchase of additional technological equipment and increase in-house R&D… Read More

Leopard Cambodia Fund Invests in Engage Resources (Thailand) Co. (Asia)

Frontier markets investor Leopard Capital has invested in Engage Resources (Thailand) Co., a Thai producer and developer of kenaf-based products. Kenaf is a fibrous plant used in the animal feed, construction, and paper and pulp industries. The investment, which was structured through Leopard Cambodia Fund, is intended to allow Engage to continue product development and expand operations from Thailand to… Read More

CNEI Invests US$21 Million in Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. (Asia)

China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$21 million in Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. (FDZJ), a Chinese biomedical company. FDZJ, listed on the Hong Kong Stock Exchange’s Growth Enterprise Market, engages in the research, development, manufacturing and sales of drugs and diagnostic products. CNEI structured the transaction through China New Enterprise Investment Fund II. Read More

LitCapital Signs Investment Agreement with Baltic Bicycle Trade (CEE and CIS)

LitCapital Asset Management, an independent private equity firm investing in expansion-stage Lithuanian companies, has signed an investment agreement with Baltic Bicycle Trade, a Lithuania-based manufacturer and retailer of electric bicycles. LitCapital will invest between LTL5 million and LTL10 million (US$1.9 million and US$3.8 million) into the company to finance technology development and brand building. Read More

Helion, Nexus Commit US$10 Million to Indian e-Commerce Player (Asia)

India-focused early-stage venture capital firms Helion Venture Partners and Nexus Venture Partners, along with Teruhide Sato, CEO of Japan-based Netprice, have collectively invested INR540 million (US$10 million) in Indian e-commerce company Nexus Venture Partners previously invested INR200 million (US$3.7 million) in in a prior round of funding. is a platform that enables third-party merchants to sell low-cost… Read More

Oktogo Raises US$11 Million in New Funding (CEE and CIS)

Russia-based online hotel reservations service Oktogo has raised US$11 million in venture capital funding from VTB Capital, the investment arm of Russia’s VTB Group, France-based Ventech Capital, Luxembourg-based Mangrove Capital Partners and Russian internet entrepreneur Victor Sazhin’s eponymous investment group. Oktogo will use the funds to invest in brand building and regional development in Russia. Read More

Carlyle-backed Repco Home Finance Launches IPO (Asia)

Repco Home Finance (RHF), the housing finance unit of India-based Repco Bank, has launched an initial public offering on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of 15.7 million shares valued at up to INR2.7 billion (US$49.7 million). RHF is backed by private equity firms The Carlyle Group, Wolfensohn Capital Partners and Creador. RHF, which priced… Read More