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Venture Partners Botswana Exits Transport Holdings (Sub-Saharan Africa)
Venture Partners Botswana (VPB), a private equity and venture capital firm focused on Southern Africa, has exited from its investment in Botswana-based transportation and logistics company Transport Holdings. VPB invested in Transport Holdings in 2006 alongside South African conglomerate Imperial Group Holdings and earned a 10x cash-on-cash return multiple on the original investment. Additional details of the transaction were not… Read More
Innova Capital Backs Romanian EnergoBit (CEE and CIS)
CEE-focused private equity firm Innova Capital has acquired a 52.8 percent stake in Romanian electrical engineering services company EnergoBit Group. The European Bank for Reconstruction and Development was a co-investor in the transaction. Financial details of the investment were not disclosed. Read More
IDFC Alternatives Puts US$18 Million in Manipal Servicecorp (Asia)
IDFC Alternatives, the alternative investment arm of Indian infrastructure finance company IDFC, has invested INR1 billion (approximately US$18 million) in Manipal Servicecorp Facility Management, a subsidiary of India’s Manipal Education and Medical Group, which builds and manages student accommodations at Indian universities. IDFC invested from its IDFC Private Equity Fund III and retains the right to invest an additional INR500… Read More
Itaú Fund Kinea Invests BRL100 Million in Health Imaging Group Delfin (Latin America)
Kinea Investimentos, the asset management subsidiary of Brazil’s Grupo Itaú, has agreed to purchase a stake in Brazilian health imaging company Delfin Group for BRL100 million (approximately US$47.9 million). Delfin manages six health imaging clinics in the northeastern region of Brazil. Following the investment, Kinea will share control of Delfin Group with the company’s founder, Dr. Delfin Gonzalez Miranda. Read More
Huayi Buys into Digital Cinema Equipment Firm (Asia)
CAG Digital Internet Holdings, an investment vehicle affiliated with global private equity firm The Carlyle Group, has sold a 9 percent stake in Chinese digital cinema equipment and solution provider GDC Technology to Chinese private film production company Huayi Brothers Media Group for US$21 million. In addition to producing films, Huayi Brothers operates 12 movie theaters; it plans to use… Read More
Citadel Capital SAE Partners with QInvest and Other Qatari Investors in Joint Venture to Import and Regasify LNG in Egypt (MENA)
Middle East and Africa-focused private equity firm Citadel Capital SAE, Qatari investment bank QInvest and other Qatari investors have agreed to form a joint venture to construct and own a Floating LNG Storage and Regasification Unit (FSRU) in Egypt. The new FSRU will regasify liquid natural gas and market it to high-volume natural gas users in Egypt. QInvest and the… Read More
Elbrus Capital Has Invested in SPSR-Express (CEE and CIS)
Russia and CIS-focused private equity firm Elbrus Capital has invested in Russian express delivery service SPSR-Express. As part of the transaction, Elbrus will acquire a portion of the stake currently held by the Russian Retail Growth Fund, which is managed by Russian private equity firm Svarog Capital Advisors. The transaction marks Elbrus’s first investment from its second private equity fund,… Read More
YY Announces Pricing of Initial Public Offering (Asia)
Private equity-backed Chinese social media platform YY listed an IPO on the NASDAQ Stock Market, issuing 156 million shares and raising approximately US$81.9 million. YY’s IPO was underwritten by private equity firms Morningside Group, GGV Capital and Steamboat Ventures, as well as hedge fund Tiger Global Management. This is reported to be the first U.S. listing of a Chinese company’s… Read More
Blue River Capital Exits City Union Bank at 3.4x (Asia)
Blue River Capital, an Indian private equity firm, has completely exited from its investment in India’s City Union Bank. Blue River first invested in City Union Bank in 2007 as part of a consortium that included Dutch development finance institution FMO and U.S.-based venture capital firm Argonaut Ventures, and began exiting the publicly listed bank incrementally through share sales on… Read More
CyberAgent Ventures Invests in Foody, Vietnamese Gourmet Review Media (Asia)
CyberAgent Ventures, the venture capital arm of Japanese internet company CyberAgent, has invested in Vietnamese online restaurant review search engine Foody. Launched in August 2012, Foody has compiled information on over 10,000 restaurants and posted 5,000 user reviews. CyberAgent invested from its Southeast Asia-focused venture capital fund CA Asia Internet Fund I. Financial details of the transaction were not disclosed. Read More
Matrix Partners India Invests in Mewar Orthopaedic Hospitals (Asia)
Matrix Partners India, the Indian affiliate of U.S.-based investment firm Matrix Partners, has acquired a minority stake in India’s Mewar Orthopaedic Hospitals, which provides surgical orthopedic care from hospitals in three Indian states: Rajasthan, Gujarat and Madhya Pradesh. The company plans to open a 100-bed center of excellence which will specialize in end to end trauma surgical care, as well… Read More
Northstar in US$72.5 Million Singapore Deal (Asia)
Indonesian private equity firm Northstar Pacific Capital will acquire a 50.05 percent stake in Singaporean telecommunications company Nera Telecommunications. Northstar’s newly incorporated unit, Asia Systems, will purchase the stake from Norwegian electronics and energy company Eltek for SGD89 million (approximately US$72.5 million). Northstar reportedly intends to make offers to Nera’s remaining shareholders to purchase a greater stake in the company. Read More