India-focused venture capital firm Helion Venture Partners has invested INR350 million (approximately US$6.5 million) in LifeCell International, an India-based stem cell bank. LifeCell preserves stem cells from various human tissues and provides services including bedside stem cell processing and newborn screening at 110 locations in India and abroad. Helion’s… Read More
EuroMena II, a MENA-focused private equity fund managed by Capital Trust Group, has acquired a 20 percent stake in Egyptian personal care products manufacturer Easy Group. The investment is intended to help Easy Group strengthen its market position in Egypt and expand into other countries within the MENA region. Read More
LeapFrog Investments, a private investment firm focused on the insurance sector in Asia and Africa, has invested US$4.25 million in Bima, a Sweden-based micro-insurance company that provides coverage in Asia and Africa. Bima markets its insurance products over mobile phone networks in Ghana, Tanzania, Senegal, Mauritius, Bangladesh and Sri… Read More
Russia’s Moscow Exchange (MICEX-RTS) began trading its shares at the initial public offering price of RUB55 (approximately US$1.82), raising a total of RUB15 billion (approximately US$500 million). The exchange, which will only be listed in Moscow, was backed by the Russian Direct Investment Fund (RDIF), the European Bank for… Read More
Global investment firm Bain Capital has sold 110 million shares of Chinese packaging materials manufacturer Greatview Aseptic Packaging on the Hong Kong Stock Exchange for HKD533.5 million (approximately US$68.8 million). The shares were owned by Bain Capital Fund IX, which retains over 174 million shares, representing 13.07 percent of… Read More
Advanced Finance & Investment Group (AFIG), a private equity firm focused on Sub-Saharan Africa, has invested US$14 million in two Senegalese companies: downstream oil company Elton Oil Industries and automotive assembler Senbus Industries. Both companies are owned by Société d’Interventions Financières (SIFI), a subsidiary of Senegalese principal investment and… Read More
Global alternative asset manager The Carlyle Group has raised US$308 million for Carlyle Peru Fund and its parallel vehicles. The fund will invest in consultation with Peruvian bank Credicorp across industries including healthcare, retail, consumer, education and services to mining, construction and infrastructure businesses. Carlyle opened an office in… Read More
Trent, the retail arm of India’s Tata Group, is buying back the shares of its subsidiary Landmark, owned by Indian private equity firm TVS Capital, for INR840 million (approximately US$15.4 million). TVS Capital invested INR650 million (approximately US$11.9 million) in Landmark, a retailer of books, music and games, in… Read More
International Finance Corporation (IFC), the private sector development institution of the World Bank Group, will provide an US$85 million loan to Okkoskhidinvest (OKKO), a Ukrainian fuel retailer. Okkoskhidinvest is a joint venture between Ukrainian petroleum distributor Concern Galnaftogaz (GNG) and ADM Capital, a private equity investor focused on recovery… Read More
Chinese alternative asset fund manager CDH Investments has held a first close on its fifth China-focused private equity fund with US$1 billion in commitments. Institutional investors in CDH China Fund V, launched in September 2012, include the Government of Singapore Investment Corporation (GIC), Asia Alternatives and LGT Capital Partners. Read More
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