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Eastbridge and Penta Exercise Joint Control over Empik Media & Fashion (CEE and CIS)
Penta Investments, a Central and Eastern Europe-focused private equity and real estate investor based in the Czech Republic, has acquired a 19.5 percent stake in Polish retailer Empik Media & Fashion (EM&F) from Eastbridge Capital, a Luxembourg-based investment fund. Penta now holds 33.5 percent of the company, with Eastbridge retaining roughly 41 percent. With a combined voting share of 75.2… Read More
Riverside Exits Polish Chimney Maker (CEE and CIS)
The Riverside Company, a U.S.-based global private equity firm, has sold MK Chimney Systems of Poland to French firm Isotip-Joncoux Group. Riverside, which first invested in the Polish chimney systems producer in 2006, has earned a 2.9x cash-on-cash return from the sale. Read More
VTB Capital Announces Share Purchase of Zapadnaya Gold Mining Ltd. (CEE and CIS)
VTB Capital, the investment arm of Russia-based VTB Group, has acquired a minority stake in Russian mining firm, Zapadnaya Gold Mining Ltd. (ZGML). ZGML, which has over 25 years of experience in the gold mining industry in Eastern Siberia, plans to use the investment capital to complete construction of the Alexandrovsky mine and commence a program to expand reserves in… Read More
glendonTodd Capital LLC Acquires Toutatis Inc. (Latin America)
glendonTodd Capital, a U.S.-based private equity firm specializing in business services and real estate, has partnered with Brazilian middle-market investor Performa Partners to acquire Toutatis, a business process outsourcing (BPO) provider based in São Paulo. Toutatis, which offers human resource, accounting, and procurement outsourcing services, manages its clients’ operations in ten countries in Latin America. Financial terms of the transaction… Read More
Lightspeed China Partners Invests in Tujia.com (Asia)
Lightspeed China Partners (LCP), the China-based division of global venture capital firm Lightspeed Venture Partners, has made a Series A investment in Tujia.com, a China-based online vacation rental services provider. China-based CDH Investments and travel service providers Ctrip.com International and HomeAway also participated in the investment round. Tujia plans to use the additional capital to expand its operations to meet… Read More
Aureos Southern Africa Fund Completes Exit from Leading Sustainable Egg Company (Sub-Saharan Africa)
The Aureos Southern Africa Fund (ASAF) has sold its 49 percent stake in Golden Lay, a Zambia-based producer of chicken table eggs, as part of a sale of 100 percent of the company to Phatisa’s African Agriculture Fund, a private equity fund focused on sustainable food production in Africa. Golden Lay controls roughly 15 percent of the Zambian market for… Read More
Creador Invests US$15 Million in OldTown (Asia)
Creador, a private equity manager focused on India and Southeast Asia, has invested MYR45.7 million (US$15 million) in OldTown White Coffee, a packaged instant coffee producer and restaurant chain manager based in Malaysia. OldTown has 202 restaurant outlets in Malaysia, Singapore and Indonesia, with plans to expand into China and Vietnam, and has a 10 percent share of the instant… Read More
Stratus Portfolio Company Senior Solution is First PE-Backed Listing on BOVESPA MAIS (Latin America)
Stratus Group, a Brazil-based mid-market private equity investor, has listed its portfolio company, Senior Solution, on the BOVESPA MAIS, a segment of the BOVESPA exchange. The listing is the first for a private equity-backed company on the Brazilian equivalent of the NASDAQ. Senior Solution, an IT company specializing in software for financial institutions, first received backing from Stratus in 2005.… Read More
Russia’s Baring Vostok to Back Local Lender (CEE and CIS)
Baring Vostok is investing US$50m into Tinkoff Credit Systems Bank (TCS Bank), a Russian mid-sized lender specializing in credit services. Oleg Tinkov, TCS Bank’s founder and majority owner, is currently developing a “branchless” model that will enable access to consumer credit in local stores. Baring Vostok will join Tinkov, Goldman Sachs and Vostok Nafta Investments as investors in the firm. Read More
Moolchand Healthcare Raises INR1 Billion from Sequoia Capital (Asia)
Moolchand Healthcare, an Indian healthcare provider, has received INR1 billion (approximately US$18.5 million) from Sequoia Capital. Sequoia’s investment will be part of an INR5 billion (US$92.5 million) capital pool for the acquisition and development of new hospitals. Moolchand Healthcare is Sequoia’s fourth recent investment targeting the healthcare market in India, joining Vasan Healthcare, Glocal and Paras Pharmaceuticals. Read More
Capital International Private Equity Funds (CIPEF) Closes US$3.0 Billion Global Emerging Markets Fund (Global)
Capital International Private Equity Funds (CIPEF), a U.S.-based emerging market fund manager, has announced the final close of Capital International Private Equity Fund VI (CIPEF VI) at its hard cap of US$3 billion. Citing EMPEA data, CIPEF declared Fund VI the largest global emerging markets private equity fund to have closed in the last five years. CIPEF VI, which exceeded… Read More
ChrysCapital Closes Fund VI at US$510 Million (Asia)
ChrysCapital, an India-focused investment manager based in Mauritius, has announced the final close of its sixth fund on US$510 million. ChrysCapital VI, which received commitments from around 30 LPs including Harvard Management Company and Stanford Management Company, will target growth capital investments in India with ticket sizes from US$20 million to US$100 million and equity stakes ranging from 5 percent… Read More