Venture capital firm Lok Capital has led a Series B financing round for India-based agriculture processing and distribution company Siddhivinayak Agri Processing (SV Agri). Existing investor Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, also participated in the round. SV Agri plans to use… Read More
Global growth markets investor The Abraaj Group has agreed to acquire a majority stake in India-based healthcare provider Quality CARE India from global private equity firm Advent International. Abraaj reportedly agreed to purchase a 72 percent stake in the company from Advent, valuing the company at more than US$269 million. Read More
Mexico-focused growth equity and venture capital investor LIV Capital has reached a first close on its Mexico Growth Fund IV with MXN2.88 billion (approximately US$168 million) in capital commitments. LIV Capital raised the first close amount through a Certificado de Capital de Desarrollo (CKD) on the Mexican Stock Exchange, representing… Read More
Pan-African mezzanine fund manager Vantage Capital has fully exited its investment in South Africa-based recyclable packaging company TrenStar. Following the exit, the new investors in TrenStar are South Africa-focused private equity fund manager Kleoss Capital, South Africa-based financial services and private equity firm Leaf Capital and TrenStar management. Kleoss Capital’s… Read More
Global growth markets investor The Abraaj Group has acquired a minority stake in Algeria-based baby diaper and feminine sanitary pad manufacturer and distributor Cellulose Processing (CEPRO) from North Africa-focused private equity firm Mediterrania Capital Partners. The transaction, which represents a full exit for Mediterrania, was structured through Abraaj’s Abraaj North… Read More
Global growth markets investor The Abraaj Group has acquired a minority stake in Algeria-based baby diaper and feminine sanitary pad manufacturer and distributor Cellulose Processing (CEPRO). The transaction was structured through Abraaj North Africa Fund II. Abraaj intends to work with CEPRO to increase the company’s production capacity and efficiency,… Read More
Global private equity firm Warburg Pincus has led a US$100 million Series C financing round for Yunniao.me, a China-based online-to-offline courier service. Existing investors, venture capital firms Matrix Partners, Sequoia Capital and GSR Ventures, also participated in the round. Yunniao.me intends to use the new capital to improve research and… Read More
Advantech Capital, a China-focused private equity fund, has led a Series B financing round of more than US$100 million for China-based biopharmaceutical company Zai Lab. Healthcare-focused investment firm OrbiMed Advisors and existing investors, venture capital firms Qiming Ventures, Sequoia Capital China and TF Capital, also participated in the round. Zai… Read More
Global alternative asset manager Global Environment Fund has invested BRL20 million (approximately US$5 million) in Brazil-based engineering company Tecverde Engenharia for a 35 percent to 40 percent stake. Tecverde produces building materials used in home construction. Read More
Middle East-focused alternative asset manager Gulf Capital has reached a first close for its second credit and mezzanine fund, Gulf Credit Opportunities Fund II, with US$175 million in capital commitments. The fund, which has a target of US$250 million and hard cap of US$300 million, will provide financing to mid-market… Read More
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