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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
Itaú Moves into Advertising (Latin America)
Kinea Investimentos, the alternative investment arm of Brazil’s Banco Itaú, has reportedly invested BRL170 million (approximately US$84 million) for a 20 percent stake in Grupo ABC, a Brazilian advertising, marketing and publicity company. Grupo ABC intends to use the funding to continue its expansion into northeastern Brazil, and to advertise the 2014 World Cup and the 2016 Olympic Games. Read More
XSML Provides Long Term Finance to RJ Trading (Sub-Saharan Africa)
Central Africa-focused private equity fund manager XSML has invested in RJ Trading, a food retailer in the Democratic Republic of the Congo. RJ Trading sells ice cream and baked goods, and operates a supermarket. XSML structured the investment through its Central Africa SME Fund. Financial details of the transaction were not disclosed. Read More
Vantage Risk Capital Commits US$30 Million to Genser (Sub-Saharan Africa)
Vantage Risk Capital, the mezzanine investment arm of South African private equity firm Vantage Capital, has agreed to invest up to US$30 million in Ghanaian power producer Genser. Genser intends to use most of the initial funds to finance the completion of the Chirano power plant in western Ghana as well as a natural gas commercialization project. Vantage structured the… Read More
Moonbasa Receives US$55 Million (Asia)
Chinese online clothing retailer Moonbasa has received US$55 million in a fourth financing round from a group of alternative investment management and private equity firms including China Renaissance Capital Investment (CRCI), DT Capital Partners and GSR Ventures. CRCI and GSR Ventures have previously invested in Moonbas Read More
PAG Invests in China South City Holdings (Asia
Asia-focused investment firm PAG has invested HK$975 million (approximately US$125.7 million) in China South City Holdings, a Chinese developer and operator of large scale integrated logistics and trade centers. PAG purchased convertible shares in the company, which is listed on the Hong Kong Stock Exchange, amounting to 10.32 percent of the company’s total issued share capital. Read More
CapMan Russia Holds EUR97 Million First Close (CEE and CIS)
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan, has held a first close for its second Russia-focused fund, CapMan Russia II, at EUR97 million (approximately US$124.6 million). The fund has garnered commitments from ten institutional investors from the United States and Europe, including the European Bank for Reconstruction and Development (EBRD). CapMan intends to invest… Read More
Wolfensohn to Buy Into NSE (Asia)
Global emerging markets private equity firm Wolfensohn Fund Management has agreed to purchase a 0.5 percent stake in India’s National Stock Exchange (NSE) for INR900 million (approximately US$16.5 million). Wolfensohn will purchase the shares from Indian infrastructure finance company IDFC. The investment is subject to regulatory approval from India’s Foreign Investment Promotion Board (FIPB). Read More