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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
Real Infrastructure Capital Partners Reaches First Close for Latin Renewables Infrastructure Fund (Latin America)
Real Infrastructure Capital Partners has announced the first closing of its Latin Renewables Infrastructure Fund with approximately US$50 million in commitments. The fund, which is targeting US$150 million to US$200 million in total commitments, will invest in renewable resource power generation assets in Latin America with a focus on Central America. German development finance institution DEG, the Netherlands Development Finance… Read More
Investcorp Buys 30 Percent of Orka Group (CEE and CIS)
Bahrain-based alternative investments manager Investcorp has announced the acquisition of a 30 percent stake in Orka Group, a Turkish menswear retailer, through its Gulf Opportunity Fund. Orka Group’s Damat, Tween and D’S Damat brands are sold in more than 250 stores in 40 countries. The investment is Investcorp’s sixth through its Gulf Opportunity Fund and its third investment in Turkey.… Read More
Pantheon Closes Sixth Asia Fund at over US$700 Million (Asia)
Global private equity fund of funds manager Pantheon has reportedly secured more than US$700 million in total commitments for its sixth Asia-focused fund. Pantheon Asia Fund VI will seek to invest in 25 to 30 venture capital, buyout and sector-focused funds across the region. Read More
Aureos Invests in Leading Peruvian Restaurant Group (Latin America)
Small- and mid-cap-focused private equity fund manager Aureos Capital has acquired a significant stake in Peruvian restaurant group Acurio Restaurantes through the Aureos Latin America Fund (ALAF). Acurio Restaurantes operates 32 casual and fine-dining restaurants, including 19 in major cities outside Peru, and plans to continue its expansion into North American and European markets. Acurio Restaurantes is ALAF’s twelfth investment… Read More
Navis Capital Partners Exits Indian Portfolio Company (Asia)
South and Southeast Asia-focused private equity firm Navis Capital Partners has sold its majority stake in Indian financial products distributor Andromeda Sales and Distribution (Andromeda DSD) to Casa Capital Management, a financial services holding company. Navis acquired Andromeda DSD through Navis Asia Fund V in December 2007. Financial terms of the transaction were not disclosed. The sale is Navis’s fourth… Read More
Leopard Capital Holds First Close for Haiti Fund (Latin America)
Leopard Capital, an investment manager specializing in frontier markets, has held a first close of US$20 million for the Leopard Haiti Fund (LHF). The fund has secured commitments of US$8.5 million from International Finance Corporation, US$8.5 million from the Netherlands Development Finance Company (FMO) and US$3 million from the Multilateral Investment Fund, a member of the Inter-American Development Bank Group.… Read More
Global Investment House Completes the Exit of Al Rayan Holding Company (MENA)
Kuwait-based investment firm Global Investment House (Global) has exited its 82 percent stake in Al Rayan Holding Company, established through its Private Equity Fund and Global Opportunistic Fund I, through a strategic sale to an undisclosed buyer. The funds launched Al Rayan in 2007 as a holding company for private schools in Kuwait, and the company currently operates six schools… Read More