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EILSF Exits Sutures India with 3.2x Returns as CX Partners Buys Stake for US$37 million (Asia)
Evolvence Capital, a Middle East and India-focused private equity firm, has sold its entire equity stake in Indian surgical consumables manufacturer Sutures India to Indian private equity firm CX Partners for US$37 million. Evolvence Capital had invested in Sutures India in September 2009 through its healthcare and life sciences-focused private equity fund Evolvence India Life Sciences Fund (EILSF), and earned… Read More
Pera Capital Hits EUR50 Million Second Close (CEE and CIS)
Turkish private equity firm Pera Capital Partners has reached a second close on its Pera Capital Partners Fund I at EUR50 million (approximately US$65 million). The fund, which is targeting EUR120 million (approximately US$155 million) in total commitments, will invest EUR15 million per deal (approximately US$19 million) in middle market companies. Pera Capital also has completed its first deal, acquiring… Read More
Huaxia Dairy Raises US$50 Million of Additional Capital (Asia)
Asia-focused private equity firm Olympus Capital Holdings Asia has led an investment round of US$50 million in China’s Huaxia Dairy Farm, a producer of milk and dairy products. Additional investors in the round includedCalifornia Technology Ventures, Grand River Capital and Herostar Holdings. Olympus Capital previously led a US$45 million investment round in Huaxia Dairy in July 2011. Having invested US$38… Read More
KV Asia Reaches US$100 Million First Close (Asia)
Singapore-based private equity firm KV Asia Capital has reached a first close on its first fund, which will focus on growth capital and early stage deals in Indonesia, Malaysia, Thailand, the Philippines and Vietnam. Commitments for the first close were reportedly greater than US$100 million, with the fund targeting US$250 million in total commitments. The fund was originally targeting a… Read More
55Social Lands Series B from Redpoint e.ventures (Latin America)
Venture capital firm Redpoint e.ventures, the Brazil-focused partnership between U.S-based firms Redpoint Ventures and e.ventures, has invested US$10 million in the Series B round for 55Social, a Brazilian social media marketing platform. 55Social plans to use the funding to develop its team and product offerings and to expand into other South American countries. Read More
Anquanbao: Innovation Works Portfolio Firm Completes Series B Financing (Asia)
China-focused venture capital firm Northern Light Venture Capital has invested in Chinese cloud security solutions developer Anquanbao.com’s Series B investment round. Existing investor Innovation Works, a Chinese early stage investor, also participated in the round. The investment amount was not disclosed, but is reportedly valued at approximately US$10 million. Read More
Fidelity Growth Partners India Leads INR4 Billion Investment in Trivitron Healthcare (Asia)
Fidelity Growth Partners India, the India-focused private equity arm of Fidelity Worldwide Investment, has led an investment of INR4 billion (approximately US$75 million) in Indian wholesale medical device distributor and service provider Trivitron Healthcare. Trivitron plans to use the funding to grow both organically and through the acquisition of companies and technologies in the United States and Europe. It also… Read More
Horizon Capital Invests in Tinkoff Credit Systems Bank (CEE and CIS)
Ukraine-based private equity fund manager Horizon Capital has invested US$40 million in Tinkoff Credit Systems Bank (TCS Bank), a Russian credit card company and online bank. Horizon made the investment through its US$370 million Emerging Europe Growth Fund II, which was raised in 2008. Horizon is the fourth external investor in TCS Bank following Baring Vostok Private Equity Fund IV,… Read More
Aditya Birla Private Equity Invests in Olive Bar & Kitchen (Asia)
Indian private equity firm Aditya Birla Private Equity has reportedly invested approximately US$15 million in Indian restaurant chain Olive Bar & Kitchen. The investment was made through Aditya Birla Private Equity’s INR3 billion (approximately US$56 million) Sunrise Fund. Olive Bar & Kitchen operates its flagship Olive restaurant chain and hopes to expand its reach through its recently launched bistros and… Read More
PineBridge Exits Maini Precision Products for US$15.3 Million (Asia)
Global asset manager PineBridge Investments has sold its stake in Indian aerospace and automotive components manufacturer Maini Precision Products to an undisclosed investor. The transaction is valued at INR830 million (approximately US$15.3 million). PineBridge originally invested approximately US$6.2 million in Maini in 2005. Read More
Brazil’s Vox Capital Impact Investing Fund I Gets US$4 Million Equity Investment from MIF (Latin America)
The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, will invest US$4 million in Vox Capital Impact Investing Fund I, a Brazil-focused venture capital fund managed by Vox Capital. The fund seeks to make investments in up to 10 small and medium-sized enterprises and up to 12 startup companies that offer goods and services to poor… Read More
CRCI Sells Grant Achieve Global Stake to Olympus Capital (Asia)
Asia-focused private equity firm Olympus Capital Holdings Asia and Hong Kong-based enterprise Anoi have purchased a 40 percent stake in Chinese water treatment company Grant Achieve Global (GAG) from Chinese private equity firm China Renaissance Capital Investment (CRCI) and GAG’s management. Olympus has also acquired a warrant to purchase up to US$40 million in ordinary shares of GAG as part… Read More