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Matahari Share Sale Valued at US$1.3 Billion (Asia)
Global private equity and investment advisory firm CVC Capital Partners and Indonesian investment holding company PT Multipolar Tbk have sold nearly half of their stake in Indonesian retailer Matahari Department Store for approximately US$1.3 billion. CVC and Multipolar reportedly sold around 1.17 billion shares in the Indonesia Stock Exchange-listed company for IDR10,850 (approximately US$1.12) per share. CVC originally invested in… Read More
Enterprise Investors Invests in Nu-Med Group (CEE and CIS)
Central and Eastern Europe-focused private equity firm Enterprise Investors (EI) has invested in Polish radiotherapy center operator Nu-Med Group. Nu-Med, which started radiotherapy operations in January 2013, offers oncology treatments through a 25-bed facility equipped with three linear accelerators. Financial details of the transaction, which was structured through EI’s Polish Enterprise Fund VII, were not disclosed. Read More
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 ShopClues.com (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 ShopClues.com. Nexus Venture Partners previously invested INR200 million (US$3.7 million) in ShopClues.com in a prior round of funding. ShopClues.com is a platform that enables third-party merchants to sell low-cost… Read More