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
Mexico-focused early-stage and growth equity fund manager Dalus Capital has led a US$3 million Series A round for Sirena, a Mexico-based developer of communications software for businesses. Latin America-focused accelerator and early-stage investment firm NXTP Labs also participated in the funding round. The company plans to use the funds to… Read More
Caribbean- and Central America-focused fund manager Portland Private Equity has reportedly completed a follow-on investment in Jamaica-based holding company Diverze Assets. Portland originally invested in Diverze Assets in 2017 through Portland Caribbean Fund II. The company’s subsidiaries include recreation and travel service provider Chukka Caribbean Adventure, automotive products distributor Tropical… Read More
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