Lithuania-focused growth capital firm LitCapital has sold its 33.3 percent stake in Lithuania-based plastic bottle manufacturer Putokšnis to 3 Rill, a holding company owned by Putokšnis’s chairman and majority shareholder Alvydas Stulpinas. LitCapital originally invested in the company in June 2011 through its fund LitCapital I. Financial details of the… Read More
Apis Partners, a private equity asset manager focused on financial services in Africa and Asia, has acquired a minority stake in Electronic Payment and Services (EPS), an India-based ATM outsourcing and payments company. Apis has reportedly agreed to invest US$35 million in the company, of which US$25 million was paid… Read More
Philanthropic investment firm Omidyar Network has led a US$5 million Series A financing round for India-based mobile software developer Indus OS. The company, which produces software to make smartphones compatible with several local languages and more user-friendly for India’s rural population, will use the new capital to build out its… Read More
Asia-focused private equity firm Affinity Equity Partners has agreed to sell its 61.4 percent stake in South Korea-listed digital music company Loen Entertainment to South Korea-listed media company Kakao, as part of Kakao’s acquisition of a 76.4 percent stake in the company for US$1.6 billion. As part of the deal,… Read More
International private equity group Bridgepoint has acquired Poland-based children’s apparel and toy retailer Smyk in a transaction totaling EUR247 million (approximately US$269 million), including debt, from Poland-listed retail company Empik Media & Fashion. Cornerstone Partners, a Poland-based private equity firm, also participated in the deal and acquired a minority stake… Read More
West Africa-focused principal investment firm Amaya Capital and Nigeria-based power development company Azura Power have reached a US$876 million financial close for the Azura-Edo Independent Power Project (IPP), a 450MW gas-fired open cycle power plant in Nigeria. The financing for the Azura-Edo IPP involved US$190 million in equity and US$686… Read More
India-focused private equity firm ChrysCapital has reached a first close for its seventh fund with US$350 million in capital commitments. The fund is targeting US$600 million with a hard cap of US$650 million. The India-dedicated fund will make investments ranging from US$20 million to about US$100 million in a variety… Read More
Pan-African mezzanine fund manager Vantage Capital has reached a final close for its third mezzanine fund, Vantage Mezzanine Fund III, with ZAR3.7 billion (approximately US$224 million) in capital commitments, exceeding the fund’s target. The fund will allocate US$150 million for investments outside of South Africa, and more than ZAR1 billion… Read More
Grain, a Singapore-based food delivery startup, has raised a reported SGD2.45 million (approximately US$1.7 million) in a Series A financing round led by Southeast Asia-focused early-stage technology investor NSI Ventures. Venture capital firms Digital Media Partners and 500 Startups also participated in the round, along with angel investor Ivan Lee. Read More
India-based online auto classifieds company CarTrade has raised INR9.5 billion (approximately US$142 million) in a funding round led by Singaporean sovereign wealth fund Temasek and global venture investment firm March Capital. Existing investor global private equity firm Warburg Pincus also participated in the round. CarTrade plans to use the new… Read More
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