North Africa-focused private equity firm Mediterrania Capital Partners has acquired a 23 percent stake in Tunisia-based wheat collection, transformation and distribution company Société Meunière Tunisienne (SMT), which sells pasta under the Randa brand name. The transaction was structured through Mediterrania Capital II. SMT intends to use the capital to consolidate… Read More
Venture capital firms IDG Ventures India, 500 Startups and advantEdge Partners have led a round of funding for India-based Tripoto Travel, which owns and operates a travel itinerary portal. Individual investors Neeraj Arora, vice president of mobile messaging application WhatsApp, and Leon Seynave, chairman of global investment office Stanhope Capital,… Read More
India- and Southeast Asia-focused private equity and real estate investment firm The Everstone Group has acquired a 51 percent stake in India-based industrial graphics manufacture SJS Enterprises for an estimated INR3.5 billion (approximately US$54 million). Everstone purchased a 26 percent stake in the company from United States-based printing company Serigraph,… Read More
India-focused venture capital firm IDG Ventures India, venture capital firm 500 Startups and India-focused early-stage investor advantEdge Partners have led a Series A financing round for India-based Tripoto Travel, operator of a travel itinerary website. Angel investors Neeraj Arora and Leon Seynave also participated in the round. The company plans… Read More
Global investment firm KKR, China-based e-commerce company Alibaba and China-based insurance company Ping An Group have agreed to invest US$300 million in China-based online marketplace 58 Daojia (“58 Home”), a subsidiary of 58.com, in a Series A funding round. The company will use the capital to enhance its platform with… Read More
Pan-emerging markets private equity firm Actis has sold its remaining stake in India-listed automotive lighting company Phoenix Lamps to auto component manufacturer Suprajit Engineering via an off market sale for INR271.2 million (approximately US$4.2 million). Actis sold its 10.88 percent stake at a share price of INR89 (approximately US$1.40). Read More
Southeast Asia-focused early-stage technology investor NSI Ventures, the venture arm of Southeast Asia-focused private equity fund manager Northstar Group, has closed its debut fund with more than US$80 million in capital commitments. NSI Ventures invests in startups in the areas of consumer applications, fintech, cloud software and smart hardware. Northstar… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has led a SGD4.7 million (approximately US$3.3 million) Series A round for Singapore-based HipVan, an online store for designer furniture. Other investors in the round included early-stage venture capital firm East Ventures, family office LionRock Global and several individual investors. Separately,… Read More
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa region, has sold its stake in Turkey-based Kiliç Deniz, an aquaculture company that specializes in sea water and fresh water fish production. The transaction was structured through NBK Capital Equity Partners Fund… Read More
IMAX China, a China-based subsidiary of entertainment technology company IMAX Corporation, has raised HKD1.92 billion (approximately US$248 million) in an initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 62 million shares at a price of HKD31 (approximately US$4) apiece. China-focused private equity firm FountainVest Partners… Read More
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