Mexican venture capital fund Alta Ventures Mexico has announced the final close of its first Mexico-focused venture capital fund, Alta Ventures Mexico Fund I, with US$70 million in total commitments. The fund will focus on technology companies in sectors such as SaaS (software as a service), mobile, big data,… Read More
North Asia-focused private equity firm MBK Partners has reportedly purchased a 31 percent stake in Woongjin Coway, the water purification business of South Korean conglomerate Woongjin Holdings, for KRW1.2 trillion (approximately US$1.1 billion). The acquisition took place through a PIPE transaction in which MBK paid KRW50,000 (approximately US$44.14) per… Read More
Dutch development bank FMO has announced the creation of an Africa-focused fund-of-funds in partnership with U.S.-based fund-of-funds manager Fairview Capital Partners. The FMO Fairview Africa Fund will make commitments to private equity funds in Africa and selectively co-invest alongside these funds. The fund’s target size is US$200 million, of… Read More
Turkish venture capital firm 212 Capital Partners has announced the second round of funding for Turkish online rental service Hemenkiralik.com. Hemenkiralik.com provides an online marketplace where people can list and book short-term rentals in Turkey and the surrounding region. 212 Capital Partners invested alongside two individual investors. Financial details… Read More
The Carlyle Group has announced the acquisition of a 13.5 percent stake in Chinese preventative healthcare provider Meinian Onehealth Healthcare. The investment was made through Beijing Carlyle Investment Centre, Carlyle’s RMB-denominated fund that was established in cooperation with the Beijing Municipal Government. Financial terms of the transaction were not… Read More
U.K.-based emerging markets private equity investor Actis has announced the sale of its stake in Poulina, a Tunisian food conglomerate. Actis acquired the stake in 2008 by investing in Poulina’s flotation on the Tunis Stock Exchange through The Canada Investment Fund for Africa, a private equity fund Actis co-manages… Read More
Czech Republic-based private equity firm Genesis Capital has announced the acquisition of 100 percent of Game Czech, the Czech subsidiary of U.K.-based games retailer Game Group. Game Czech is a retailer of computer games and gaming consoles with 30 locations in the Czech Republic. Financial terms of the transaction… Read More
Hungarian venture capital firm Primus Capital Management has invested HUF400 million (approximately US$1.8 million) in Hungarian biotechnology company HYD. HYD specializes in developing products for the prevention and treatment of tumors. The investment was made through the Primus Capital III fund. Read More
Netherlands-based investment and finance group PPF Group has sold its stake in Russia’s NOMOS Bank to Russian banking group Otkritie Financial Group in a share swap deal. In exchange, PPF Group received shares in Russian fertilizer company Uralkali, plus an additional equity investment. The total value of the transaction… Read More
An Indian operator of surgical care and fertility clinics, Nova Medical Centers, has announced the investment of INR3 billion (approximately US$54 million) by global investment bank and securities firm Goldman Sachs and U.S.-based venture capital investor New Enterprise Associates (NEA). Under the terms of the transaction, Goldman Sachs will… Read More
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