GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
FountainVest Raises over US$1 Billion (Asia)
China-based private equity firm FountainVest Partners has held a first close for its second China-focused fund, FountainVest China Growth Capital Fund II, with more than US$1 billion in commitments. The fund, which was launched in March 2012, is targeting a fund size of US$1.25 billion. Several of FountainVest’s prior investors have reportedly committed to the second fund, including Canada Pension… Read More
Legend Capital Invests in Chinese Cosmetic Brand (Asia)
Legend Capital, the venture capital arm of China-based investment group Legend Holdings, has invested RMB100 million (approximately US$15.8 million) in cosmetic retailer Yesa Cosmetic Group. Yesa, which carries five in-house cosmetic lines, as well as global brands, currently has 70 stores across China with plans to reach 300 by 2015. The company will use Legend’s investment to support retail expansion… Read More
Redpoint e.ventures Closes US$130 Million First-Time Fund Dedicated to Brazil (Latin America)
Redpoint e.ventures, the Brazilian partnership formed by global venture capital firms Redpoint Ventures and e.ventures, has closed its maiden early-stage fund at US$130 million. The fund, which already includes five active investments, will provide seed, Series A and Series B financing to Brazil-based entrepreneurs with a focus on consumer internet, mobile, media and cloud services. Read More
Navis Sells Nirula’s to Indian Hospitality Group A2Z Excursions (Asia)
Malaysia-based private equity firm Navis Capital Partners has sold its 100 percent stake in Indian restaurant chain Nirula’s Corner House through a strategic sale to A2Z Excursions, an India-based hotel, travel and real estate group, for an undisclosed amount. Navis Capital Partners purchased a controlling stake in Nirula’s in 2006 and made subsequent investments in 2010 and 2012. The sale… Read More
NBK Capital Acquires 50 Percent of Bavet (CEE and CIS)
Investment management company NBK Capital, an affiliate of the National Bank of Kuwait (NBK), has announced the acquisition of a 50 percent stake in Turkish animal pharmaceuticals distributor Bavet. The investment was made through NBK Capital Equity Partners Fund I, a private equity fund focused on the MENA region. Financial terms of the transaction were not disclosed. Read More
Creador Invests US$28 Million in Indonesia’s MNC Skyvision (Asia)
South and Southeast Asia-focused private equity firm Creador Capital has invested US$28 million in Indonesian pay TV operator MNC Skyvision’s IPO. Creador’s investment, which includes US$13 million from a co-investor, was equal to approximately 13 percent of the US$228 million on offer. Skyvision is Creador’s second deal in Southeast Asia in recent months, following a US$15 million investment in Malaysian… Read More
Aureos Invests US$10 Million in Mexican Clinical Research Organization (Latin America)
Small- and mid-cap-focused private equity fund manager Aureos Capital has invested US$10 million in Investigación Farmacológica y Biofarmacéutica (IFaB), a Mexico-based provider of outsourced research and development services to the pharmaceutical and biotechnology sectors, via the Aureos Latin America Fund (ALAF). IFaB will use the proceeds to purchase new analytical equipment and grow its medical and research teams. Read More
Coller Capital Closes Sixth Global Private Equity Secondaries Fund at US$5.5 Billion (Global)
Global private equity secondaries firm Coller Capital has announced the closing of Coller International Partners VI at US$5.5 billion, ahead of its US$5 billion target. The fund, like its predecessors, will acquire private equity portfolios from existing investors, with transaction sizes ranging from US$1 million to over US$1 billion. The fund raised capital from over 200 limited partners. Read More
BaltCap Invests in Two Lithuanian Companies (CEE and CIS)
BaltCap, a private equity and venture capital firm focused on the Baltic States, has invested in two Lithuanian companies through its Lithuania SME Fund. The Lithuania SME Fund is part of the European Investment Fund’s JEREMIE initiative, which aims to provide funding to small- and medium-size enterprises in Europe. BaltCap acquired stakes in YP MobileWorks, a mobile commerce platform, and… Read More
Tiantu Capital and IDG Complete Series B Financing for Zhou Hei Ya (Asia)
Zhou Hei Ya, a Chinese food company specializing in the processing and sale of ducks and geese, has completed an RMB150 million (approximately US$24 million) Series B financing round led by China-focused venture capital firms Tiantu Capital and IDG Capital Partners. Tiantu Capital led Zhou Hei Ya’s RMB60 million Series A financing round in November 2010. Zhou Hei Ya has… Read More
IDMSA Brokerage House Sells Shares in Polski Bank Przedsiębiorczości for PLN95 Million (CEE and CIS)
Poland-based financial services group IDMSA Brokerage House has sold a 45 percent stake in Polski Bank Przedsiębiorczości (PBP Bank) to Eastern Europe-focused private equity firm Abris Capital Partners for PLN95 million (approximately US$28 million). PBP Bank, also based in Poland, specializes in corporate banking services. As a result of the transaction, Abris Capital Partners is the bank’s sole shareholder. Read More
Actis Exits Banque Commerciale du Rwanda (Sub-Saharan Africa)
Global emerging markets private equity firm Actis has sold its 80 percent stake in Banque Commerciale du Rwanda (BCR) to a consortium of investors including Kenyan regional bank I&M Bank Limited and French and German development finance institutions Proparco and DEG, with the Government of Rwanda retaining a 20 percent stake. Financial terms of the deal were not disclosed. Actis… Read More