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VTB Capital Venture Leads US$18 Million Round in Fast Lane Ventures (CEE/CIS)

VTB Capital Venture Business, a Moscow-based firm focused on venture capital investments in Russia and CIS countries, has led a Series C investment into Fast Lane Ventures, a local developer and promoter of internet businesses. The transaction is valued at US$18 million. The funding will be used to develop Fast Lane Ventures’s current portfolio of companies, finance new investments, and… Read More

Newsweek Expands Asian Presence with TStone Corp Partnership (Asia)

The Newsweek/DailyBeast Company LLC and TStone Corp, a Seoul-based private equity firm that focuses on media, education and financial services companies, are entering into a joint venture in Asia. The JV will create a pan-Asian media group with a focus on expanding the current Asian edition of Newsweek magazine through added local editorial focus and increased distribution. Financial details of… Read More

Enterprise Investors’ Venture Fund Invests EUR5.5 Million in Mobile Technologies (CEE/CIS)

Enterprise Investors, a private equity and venture capital firm in Poland and Central and Eastern Europe, has invested EUR5.5 million (approximately US$6.6 million) in BLStream, a Finland-based software company focused on mobile technologies. The investment, which represents a 35 percent stake in the company, was made through the EUR100 million Enterprise Venture Fund I (EVF). The company intends to use… Read More

TutorGroup Raises US$15 Million from Qiming Venture Partners to Fund Expansion in China (Asia)

Online language tutoring company TutorGroup (the parent company of VIPABC.com and TutorABC.com) has raised US$15 million in growth financing from Chinese venture capital firm Qiming Venture Partners. The investment will be used to fund the expansion and delivery capacity of TutorGroup services throughout China. Read More

ChrysCapital Invests US$56.2 Million in Intas Pharmaceuticals (Asia)

India-focused private equity firm ChrysCapital has reportedly invested INR3 billion (approximately US$56.2 million) in pharmaceutical company Intas Pharmaceuticals, increasing its existing stake of 11.2 percent to over 15 percent. With the recent investment in place, Intas has deferred its plans to file an initial public offering and intends to re-file once the company believes market conditions have become less volatile.… Read More

WAMEX Announces the Final Closing of its Mexico PE Fund MIF II at US$160 Million (Latin America)

Mexico City-based WAMEX Private Equity has announced the final closing of its second growth equity fund MIF II with US$160 million in total commitments. While WAMEX raised the majority of commitments from Mexico’s pension funds, it has secured additional commitments for MIF II from institutional investors, including family offices, insurance companies and high net-worth individuals, through a parallel partnership. To… Read More

TalentSprint Raises Series A Funding from Nexus Venture Partners (Asia)

TalentSprint, an India-based skills development and training company, has raised INR200 million (roughly US$3.7 million) in Series A equity funding from Indian venture capital firm Nexus Venture Partners. TalentSprint offers employability programs to young professionals using experiential learning and iPEARL, its proprietary technology platform. With learning facilities in Hyderabad and Chennai, TalentSprint aspires to train 500,000 college graduates by 2020.… Read More

Ciklum is Horizon Capital’s First Investment in the IT Sector (CEE/CIS)

Horizon Capital, a private equity fund manager focused on mid-cap companies in Ukraine, Belarus and Moldova, has acquired a minority stake in Ciklum, an information technology (IT) company based in Ukraine, through its Emerging Europe Growth Fund II (EEGF II). The deal marks Horizon Capital’s first investment in the IT sector. Financial details of the transaction have not been disclosed. Read More

212 Capital Partners Announces Investment in CloudArena (CEE/CIS)

212 Capital Partners, a Turkey-focused venture capital firm based in Amsterdam, has announced its fifth investment of the year in CloudArena, which specializes in “Software as a Service” solutions to the hospitality industry. Separately, 212 Capital Partners announced an investment in Hazinem.com, an online jewelry store. Financial details for the transactions were not disclosed.   Read More

PineBridge Investments and Integer.pl Make EUR108 Million Joint Investment (CEE/CIS)

Global multi-asset class investment manager PineBridge Investments and Polish postal group Integer.pl Group have announced a joint investment to develop and roll-out a parcel system called EasyPack in Europe and CIS countries. Already operating in Poland and Russia, EasyPack enables the sending and collecting of packages 24 hours a day. PineBridge Investments plans to invest EUR50 million in the project,… Read More

China’s CDB Raises US$1.4 Billion for Private Equity Fund (Asia)

CDB Capital, the fund management arm of China Development Bank, has reportedly raised RMB9 billion (approximately US$1.4 billion) for a private equity fund of funds. The CDB Guochuang Kaiyuan Private Equity Fund of Funds is targeting RMB10 billion in total commitments. The fund is part of the Guochuang Fund of Funds, created in December 2010 by CDB Capital and Chinese… Read More

CapMan Invests in Top League (CEE/CIS)

CapMan Russia, a Russian private equity fund managed by CapMan, has acquired a minority stake in local sporting goods retail chain Top League. The chain currently consists of 55 stores located in 16 cities in the Southern, North-Caucasus and Central Federal Districts of Russia. The funding will be used to accelerate the company’s expansion across Russia over the next few… Read More