Chinese venture capital firm Softbank China Venture Capital Co. and U.S.-based venture capital firm BlueRun Ventures have reportedly invested US$10 million in Chinese flash sale platform Tianpin.com. Tianpin.com offers discounts and promotions on a range of items including clothing, footwear, fashion accessories, home products, gifts and timepieces. Read More
Central Europe-focused private equity firm Penta Investments has announced the purchase of a 100 percent stake in Estate Consult, the owner of Slovak hospital chain Svět zdraví, for EUR3 million (approximately US$3.7 million). Svět zdraví operates ten hospitals throughout Slovakia and plans to use the funding to modernize the… Read More
Mexican private equity fund manager Nexxus Capital has announced the purchase of a 38.85 percent stake in local natural stone retailer Maak Holding. The transaction was carried out through Nexxus Capital IV (Nexxus IV) and Nexxus Capital Private Equity Fund V (Nexxus V). Maak Holding owns and operates a… Read More
Global private equity firm Warburg Pincus has exited an approximate 11.67 percent stake in China’s Kasen International Holdings through a strategic sale on the Hong Kong Stock Exchange to Hongkong Greatstar International. Warburg Pincus sold over 135.5 million shares at HKD1.10 per share, resulting in HKD149.3 million… Read More
Vietnam-focused private equity firm Mekong Capital has announced its exit from Nam Hoa Production & Trading Corporation, a Vietnamese manufacturer of wooden toys. Mekong Capital originally invested in Nam Hoa in June 2004, through its debut fund the Mekong Enterprise Fund. This is Mekong Capital’s eighth exit from the… Read More
Emerging markets-focused private equity investor Actis has reportedly acquired a 10.8 percent stake in Sri Lanka’s Asiri Central Hospitals for LKR604 million (approximately US$4.5 million). Actis purchased 2.4 million shares in the company, which is listed on the Colombo Stock Exchange, from Softlogic Holdings, Commercial Bank of… Read More
India-focused private equity firm India Equity Partners (IEP) is reportedly acquiring a majority stake in Indian dental clinic chain Axiss Dental. Founded in 2007, Axiss Dental operates 17 dental clinics in India’s Delhi and National Capital Region. The investment size was not disclosed, but India Equity Partners… Read More
U.S.-based venture capital firm GGV Capital has reportedly closed its fourth fund with US$625 million in commitments. The fund has a dual structure comprising of a US$520 million U.S. dollar vehicle and a RMB650 million (approximately US$105 million) local currency vehicle. The U.S. dollar fund will invest in both… Read More
Africa and Middle East-focused SME financier GroFin Capital has agreed to fund the expansion of South African restaurant chain, Spur Group, into Kenya. Johannesburg-listed Spur plans to open its second location in Kenya at the Eka Hotel in the capital of Mombasa. GroFin has agreed to provide between KES40… Read More
Kohlberg Kravis Roberts & Co. (KKR) has announced a US$30 million investment into Chinese fashion apparel retailer Novo Holdco through the KKR China Growth Fund, a China-focused private equity fund. Novo Holdco manages 11 proprietary retail stores within China and operates a franchise of over 80 stores under the… Read More
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