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KKR to Acquire Alliance Tire Group from Warburg Pincus (Asia)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to acquire a controlling stake in Indian tire manufacturer Alliance Tire Group (ATG) from global private equity firm Warburg Pincus. ATG specializes in the manufacture and development of off-road tires for the construction, forestry and agricultural industries, with manufacturing facilities in India and Israel. Financial details of the transaction… Read More
Enterprise Investors Makes 9x on Kruk (CEE and CIS)
Poland-based private equity and venture capital firm Enterprise Investors (EI) has exited its investment in Kruk, a Polish debt collection agency. EI sold shares equivalent to a 24.8 percent stake in the company on the Warsaw Stock Exchange, reportedly achieving a 9x cash-on-cash return multiple. EI originally invested in Kruk in May 2003. Financial details of the transaction were not… Read More
EMX Capital Raises US$192.3 Million for Buyouts and Growth Capital in Mexico (Latin America)
Mexican private equity firm EMX Capital has announced the final close of EMX Capital Partners I with US$192.3 million in committed capital. The fund was raised through two parallel vehicles—a MXN1.5 billion (approximately US$124.1 million) vehicle for pension fund investors from Mexico and a US$68.2 million vehicle for local and international investors. The fund will target mid-size Mexican companies and… Read More
Baring Private Equity Partners India Invests Additional US$18 Million in Dabur (Asia)
India-focused private equity firm Baring Private Equity Partners India (BPEP India) has invested US$18 million in Indian consumer products manufacturer Dabur India, its second investment in the company. In late 2012, BPEP India invested around US$45 million in the company, which is listed on both the Bombay Stock Exchange and National Stock Exchange, for a 1 percent equity stake. Following… Read More
TMG Capital Acquires NeuroTech (Latin America)
Brazilian private equity firm TMG Capital has invested in NeuroTech, a Brazilian software company. NeuroTech provides software services to clients to help them gather information from company databases. Financial details of the transaction were not disclosed. Read More
Ratnakar Bank Raises US$60 Million (Asia)
Ratnakar Bank, an Indian commercial banking institution, has raised INR3.24 billion (approximately US$60 million) from a consortium of investors. International Finance Corporation, the private sector development arm of the World Bank Group, and investment firms Aditya Birla Private Equity, Faering Capital, ICICI Investment Management, IDFC Alternatives and Ascent Capital all participated in the current round. Ratnakar had previously raised capital… Read More
Moroccan Infrastructure Fund Exits Osead Maroc Mining (MENA)
Moroccan Infrastructure Fund (MIF), a fund co-managed by Africa-focused private equity firm Emerging Capital Partners (ECP) and Moroccan private equity firm Attijari Invest, has exited its investment in Moroccan mining company Osead Maroc Mining (OMM). OMM is the controlling shareholder of Compagnie Minière de Touissit (CMT), a Moroccan lead producer and exporter, which MIF acquired in November 2007. While financial… Read More
VTB Capital to Acquire Minority Stake in Tricolor TV (CEE and CIS)
VTB Capital, the investment arm of Russia’s VTB Bank, has announced the acquisition of a minority stake in National Satellite Company, a Russian satellite television operator. National Satellite Company operates under the brand name Tricolor TV and has 9.12 million paid subscribers. The investment is intended to help the company increase the value of its assets and prepare for a… Read More
Elbrus Capital Has Invested in B2B-Center (CEE and CIS)
Russia and CIS-focused private equity firm Elbrus Capital has invested in B2B-Center, a Russian online marketplace operator, acquiring a 23 percent equity stake in the company. Financial details of the transaction were not disclosed. Read More
Zephyr Peacock Holds Second Close on Its Third India-focused Fund (Asia)
Zephyr Peacock Management India has held a second close for its third India-focused private equity fund, Zephyr Peacock India Fund III, with US$70 million in capital commitments. The fund will focus on small- and medium-sized enterprises in India and has raised capital from International Finance Corporation (IFC), as well as U.S.-based pension plans and family offices. Additionally, Zephyr Peacock has… Read More
GetNinjas Gets New Investment of BRL6 Million (Latin America)
GetNinjas, a Brazilian web platform for hiring local services, has received BRL6 million (approximately US$3 million) from a group of investors including private equity and venture capital firms Otto Capital, Monashees Capital and Kaszek Ventures. The company intends to use the investment to expand its development team, grow its user base and launch new marketing campaigns. Monashees Capital and Kaszek… Read More
Miaozhen Completes US$10 Million Series C Round of Financing (Asia)
Miaozhen Systems, a Chinese big data company serving the advertising industry, has received US$10 million in its Series C round of financing from a consortium of investors. Investors include Chinese private equity firm CBC Capital, global venture capital firms Redpoint Ventures and Kleiner Perkins Caufield Byers (KPCB), and WPP Digital, the investment arm of global marketing communications company WPP Group. Read More