Global private equity firm Bain Capital has acquired more than a 90 percent stake in China-based hospital operator Asia Pacific Medical Group (APMG) for US$150 million. The transaction, which was structured through Bain Capital Asia Fund II and Bain Capital Asia Fund III, facilitated an exit for two existing investors:… Read More
India-focused private equity firm InvAscent has invested INR500 million (approximately US$7.4 million) in India-based medical device manufacturer Biorad Medisys. The transaction was structured through India Life Sciences Fund II. Biorad Medisys, which makes orthopedic implants for knee and hip replacements and disposable surgical devices used in radiology procedures, will use… Read More
Venture capital firm Flint Capital has invested EUR1 million (approximately US$1.1 million) for a minority stake in Poland-based consumer finance services provider Creamfinance. Flint Capital is an existing investor in the company, having originally backed the company in 2014. The firm plans to support Creamfinance’s expansion into Scandinavian markets. Creamfinance… Read More
Global growth markets investor The Abraaj Group has acquired Turkey-based Themis Energy, an Africa-focused energy project development company. Themis will form The Abraaj Group’s dedicated project development arm, supporting energy infrastructure projects from concept to operation across target markets. Financial details of the transaction were not disclosed. Read More
Direct secondaries fund manager NewQuest Capital Partners has reached a first close for its third fund, NewQuest Asia Fund III, with more than US$500 million in capital commitments. The fund, which has a hard cap of US$520 million, has already exceeded its initial target. NewQuest Asia Fund III will focus… Read More
Impact fund manager Equator Capital Partners has acquired a minority stake in Nigeria-based commercial lender Fortis Microfinance Bank. The transaction was structured through Equator Capital Partners’ fund ShoreCap II. Financial details of the transaction were not disclosed. Read More
Thailand-focused private equity firm Lakeshore Capital Partners has invested in Thailand-based digital marketing company ReadyPlanet. The transaction was structured through Lakeshore Capital Fund I. ReadyPlanet intends to use the new capital to support its move from the enterprise market to the retail market. Financial details of the transaction were not… Read More
China-focused private equity fund manager Hony Capital has led a CNY500 million (approximately US$77 million) Series B financing round for China-based boutique entertainment studio Linmon Pictures. Investment holding company Tencent Holding and philanthropic organization Mango V Foundation also participated in the round. Linmon Pictures plans to use the new capital… Read More
Aqua Capital, a private equity firm focused on growth investments in mid-market companies in Latin America, has held a first close for its second fund, Agribusiness Latin America Fund II, with US$188 million in capital commitments. Investors in the fund included United States-based endowment University of Texas Management Company and… Read More
Africa-focused private investment firm Helios Investment Partners has agreed to sell its stake in Nigeria-based telecommunications tower company Helios Towers Nigeria (HTN Towers) as part of Africa-focused mobile telecommunications infrastructure provider IHS Towers’ acquisition of a 100% stake in the company. Other sellers in the transaction include South Africa-based holding… Read More
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