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Warburg Pincus Invests in INEA (CEE and CIS)
Global private equity firm Warburg Pincus has acquired a minority stake in INEA, a Polish telecommunications operator. The investment is intended to fund the expansion of INEA’s Next Generation Access (NGA) network of cable television and high speed internet offerings throughout western Poland, as well as support consolidation of the sector. Financial details of the transaction were not disclosed. Read More
Injaro Invests in Nafaso (Sub-Saharan Africa)
Injaro Agricultural Capital Holdings, a West Africa-focused investment adviser, has agreed to acquire a 30 percent stake in Neema Agricole du Faso (Nafaso), a seed producer based in Burkina Faso. The investment is intended to increase Nafaso’s production of agricultural seeds, which it supplies to small farmers in West Africa’s Sahel region. Financial details of the transaction were not disclosed. Read More
STC Ventures Completes Its Investment in Acadox (MENA)
STC Ventures Fund, a Saudi Arabia-focused venture capital fund managed by Iris Capital Management, has acquired a minority stake in Saudi Arabian software company Acadox. STC Ventures is anchored by Saudi Arabian telecommunications company STC Group. Acadox was developed through the New Ventures & Entrepreneurship Program of King Abdullah University of Science & Technology (KAUST). Read More
CDH Invests US$90 Million in Furniture Maker Man Wah Holdings (Asia)
Chinese investment firm CDH Investments has acquired an 8.54 percent stake in Man Wah, a Chinese furniture manufacturer, for HKD700 million (approximately US$90 million) via the purchase of convertible bonds. Man Wah was listed on the Hong Kong Stock Exchange in 2010 following its delisting from the Singapore Stock Exchange. The investment is intended to support Man Wah’s working capital… Read More
Nitrous.IO Raises US$1 Million for Its Development Tools (Asia)
Nitrous.IO, a Singapore-based software company, has received a US$1 million investment from a consortium of investors led by global venture capital firm Bessemer Venture Partners. Nitrous.IO, which changed its name from Action.IO following the financing round, builds cloud-based software development environments. The company plans to add additional features to their product to develop a full web development platform. Read More
Mercatto Fund Adds Dairy Company São Vicente to Its Portfolio (Latin America)
Mercatto, a Brazil-focused investment firm, has invested in Brazilian dairy products maker Laticínios São Vicente. The company produces a range of cheeses, which it sells to supermarkets and restaurants under the São Vicente and Montagnard brands. Financial details of the transaction were not disclosed; however, Mercatto reportedly acquired over 50 percent of the company. Read More
Tano Capital to Invest US$15 Million in Shree Shubham Logistics (Asia)
U.S.-based alternative asset management firm Tano Capital has invested INR800 million (approximately US$18 million) in Shree Shubham Logistics (SSLL), an Indian logistics company. SSLL, which currently manages 90 warehouses in three Indian states, provides storage and preservation services. Proceeds from the investment are intended to fund the company’s geographic expansion within India. Read More
AVTEC Announces Exit by Actis and Private Equity Investment by Warburg Pincus (Asia)
Global private equity firm Warburg Pincus has acquired a minority stake in AVTEC, an Indian manufacturer of engineering products and automotive components. As part of the investment, Warburg purchased the stake previously held by emerging markets investment firm Actis, which invested US$17.8 million in AVTEC in 2005. Financial details of the transaction were not disclosed. Read More
Cordiant Capital Holds First Close at US$250 Million (Pan-Emerging Markets)
Emerging markets-focused debt and equity fund manager Cordiant Capital has held a first close on its fourth debt fund, Cordiant Emerging Loan Fund IV, with US$250 million in commitments. The fund, which has raised capital from insurance companies, pension funds and sovereign wealth funds, will focus on issuing senior secured loans to borrowers across all emerging markets. The fund is… Read More
Goldman and GIC Jointly Invest US$100 Million in iKang (Asia)
The private equity arm of investment bank Goldman Sachs and Government of Singapore Investment Corporation (GIC) have invested US$100 million in iKang Guobin, a Chinese healthcare company. iKang, which operates healthcare treatment centers in China, plans to use the capital to accelerate the company’s expansion into third- and fourth-tier Chinese cities. Read More
CDIB Backs Online Furniture Retailer Meilele Through US$19 Million Bond Issue (Asia)
CDIB Capital, the overseas private investment arm of Taiwan’s China Development Financial merchant bank, has invested US$19 million in Chinese furniture retailer Meilele by subscribing to a convertible bond issue. Meilele operates a consumer-to-consumer online retail service as well as 50 stores within China. Separately, CDIB Capital has invested an undisclosed amount in United Arab Emirates-based hotel operator Flemingo International. Read More
Hony Capital Acquires 10 Percent Stake in Chinese Property Developer (Asia)
Chinese private equity firm Hony Capital has purchased a 10 percent stake in Chinese property developer Chengtou Holding. Hony purchased 299 million shares in Chengtou, which is listed on the Shanghai Stock Exchange, for RMB1.8 billion (approximately US$290 million). In addition to property development, Chengtou also has an environmental protection business that converts municipal waste to energy. Read More