Mexico-focused growth equity and venture capital investor LIV Capital has made a follow-on investment in Mexico-based digital animation company Ánima Estudios. The transaction was structured through Latin Idea México Venture Capital Fund III. LIV Capital originally invested in the company in July 2013. Financial details of the transaction were not… Read More
Apis Partners, a private equity asset manager focused on financial services in Africa and Asia, has agreed to acquire a minority stake in Africa- and Asia-focused financial services provider MicroCred Holdings. The company offers credit products, savings accounts and access to electronic payment services, and intends to accelerate the expansion… Read More
Asia-focused private equity firm Baring Private Equity Asia has acquired China-based packaging company HCP Packaging from global private investment firm TPG Capital for a reported US$775 million. HCP Packaging designs luxury lipstick and make-up containers for cosmetics manufactures such as L’Oreal, Revlon and Shiseido. TPG originally acquired HCP Packaging in… Read More
Global private equity firm Capital Group Private Markets has sold its stake in Brazil-based educational institution Grupo Ibmec Educacional to global educational services provider DeVry Education Group. The exit was part of DeVry’s acquisition of a 96.4 percent stake in the company for a total of BRL699 million (approximately US$180… Read More
Kibo Capital Partners, a fund manager focused on Eastern and Southern Africa and the islands of the Indian Ocean, has partially exited Zambia-based microfinance institution Madison Finance Company (MFinance) through the redemption of its preference shares. Kibo Capital Partners originally acquired a 25 percent stake in MFinance through The Kibo Fund… Read More
Lebanon-focused venture capital firmBerytech Fund has announced just under US$20 million in investments across 13 early-stage companies. The transactions were structured through Berytech Fund II. Berytech’s investments in Lebanon-based companies included US$4 million in swimming tracker Instabeat and US$2 million each in telecom software provider Mobinets, video-on-demand platform Cinemoz, Lifestyle… Read More
Indonesia-based conglomerate Salim Group will raise a reported US$1 billion from a consortium including Southeast Asia-focused private equity fund manager Northstar Group and global private investment firm TPG Capital. The consortium, which also includes investment firm Gateway Management, will provide secured financing to Salim Group companies. The Salim Group will… Read More
Private equity firm Olympus Capital Asia has invested US$45 million in Hong Kong-based Li Tong Group (LTG), a reverse supply chain services provider and electronic waste processor. The transaction was structured through Asia Environmental Partners. With Olympus Capital Asia’s backing, LTG intends to expand in emerging markets such as India… Read More
Global alternative investment manager Apollo Global Management has reached an agreement to acquire Raiffeisen Banka, the Slovenian arm of Austria-based corporate investment bank Raiffeisen Bank International. This acquisition is reportedly part of Apollo’s plans to create a larger bank in Slovenia through acquisitions of private and state-owned banks. Financial details… Read More
Global investment firm Tiger Global and global venture capital firm Accel Partners have participated in a US$25 million Series B financing round for Zinka Logistics Solutions, which operates India-based business-to-business logistics service provider BlackBuck. India-based e-commerce company Flipkart and Russian investor Yuri Milner also contributed to the round. Zinka plans… Read More
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