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Creador Partially Exits OldTown White Coffee (Asia)
Creador Capital, a private equity firm focused on India, Malaysia and Indonesia, has partially exited its investment in Malaysian restaurant chain OldTown White Coffee, selling 45 percent of its equity holding to a group of mutual funds for around US$15 million. Creador originally invested MYR45.7 million (approximately US$15 million) in the company in 2012. The exit generated an approximate 2x… Read More
SEAF India Agribusiness Fund Leads US$2.75 Million Investment in Khyati Foods (Asia)
SME-focused investment firm Small Enterprise Assistance Funds (SEAF) and Canada-based private equity investor Sarona Asset Management have jointly invested US$2.75 million in Khyati Foods, an Indian organic cotton and soybean processor, for a minority stake. The investment is intended to help Khyati expand its processing facilities and further develop its product base. SEAF, via the SEAF India Agribusiness Fund, invested… Read More
CHAMP Private Equity, Headland Capital Partners Invest in Miclyn (Asia)
Australia-based private equity firm CHAMP Private Equity and Asia-focused private equity firm Headland Capital Partners have jointly invested in Miclyn Express Offshore, a Singapore-headquartered provider of service vessels for offshore oil and gas production. The two firms, which invested in Miclyn in October 2012, each acquired an additional 8 percent stake in the company, bringing their combined equity holding to… Read More
Four Firms Invest in Online Bidding Platform for Second-hand Cars (Asia)
Investment firms Legend Capital, Doll Capital Management, Bertelsmann Asia Investments and Tencent Collaboration Fund have jointly invested US$30 million in Youxinpai.com, a Chinese online platform for secondhand car sales. Youxinpai.com allows users to bid on secondhand cars and provides car testing, payment, transportation logistics and after-sales services. Read More
ChrysCapital Buys into KKR and IFC-backed Magma Fincorp (Asia)
Indian private equity firm ChrysCapital has acquired a stake in Indian non-banking financial company Magma Fincorp through a series of share purchases on both the Bombay Stock Exchange and National Stock Exchange of India. While financial details of the transactions were not disclosed, ChrysCapital reportedly purchased a 7-8 percent stake in the company for a total transaction value of INR1.2… Read More
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