African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments, has acquired a 50 percent stake in Société d’Exploitation et de Gestion Aéroportuaires (SEGAP), a holding company for airport assets in West and Central Africa. AIIM invested through its third pan-African fund, AIIF3, which targets investments in power,… Read More
Financial services-focused buyout firm J.C. Flowers & Co. has acquired the Romanian subsidiary of Greece-based Piraeus Bank. J.C. Flowers plans to help Piraeus Bank Romania, which offers retail, small business and corporate banking services, continue to grow domestically. Financial details of the transaction, which has received the necessary approvals from… Read More
Impact investment fund manager responsAbility Investments has acquired a majority stake in Bank Lviv, a provider of financial services to private individuals and small and medium-sized businesses in Ukraine, following approval by the Ukrainian National Bank. Financial details of the transaction were not disclosed. Separately, responsAbility has reportedly invested INR320… Read More
Legend Capital Management, an independent venture capital arm of China-based conglomerate Legend Holdings, has led a CNY580 million (approximately US$88 million) Series B Round for China-based online fashion distribution platform Aikucun. Other participants in the funding round include state-owned real estate and logistics group C&D Corporation and growth capital fund… Read More
Central and Eastern Europe-focused private equity fund manager ARX Equity Partners has acquired a majority stake in Hungary-based mobile device repair company TMX Mobile Solutions. ARX invested through ARX CEE IV, the firm’s fourth buyout fund. Through the acquisition, ARX intends to assist TMX in scaling up its operations both… Read More
Global growth equity fund manager General Atlantic has acquired a 27 percent stake in India-based Indian-Chinese grocery brand Ching’s Secret for INR3.7 billion (approximately US$54 million) from global investment company Invus and the brand’s parent entity, India-based Capital Foods. Products sold under the Ching’s Secret brand include instant soups and… Read More
China-focused private equity firm Boyu Capital has led a US$125 million investment in Trax, a Singapore-based developer of business analytics software serving the retail industry. U.K.-based media company DC Thomson also participated in the funding round. Trax is also backed by global private equity fund manager Warburg Pincus and asset… Read More
India-focused private equity fund manager Samara Capital has agreed to acquire India-based grocery chain More from Aditya Birla Retail, the retail arm of India-based conglomerate Aditya Birla Group, at an enterprise value of INR43 billion (approximately US$627 million). The deal is expected to close by September 2018. Read More
India-focused growth capital fund manager Gaja Capital has partially exited India-listed commercial bank RBL Bank to U.S.-based mutual fund manager Wasatch Funds. Gaja reportedly sold a 0.14 percent stake in RBL at a price of INR560 to INR570 (approximately US$8.12 to US$8.26) per share, reducing its interest in the company… Read More
The Brazilian subsidiary of Switzerland-based commodity trader Glencore has agreed to acquire a 78 percent stake in ALE Combustíveis¸ a Brazil-based fuel distributor, from Brazil-based conglomerate Asamar Group, ALE’s CEO Marcelo Alecrim and Darby Private Equity, the private capital arm of Franklin Templeton Investments. Prior to the transaction, Asamar, Alecrim… Read More
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