India-based private equity fund manager BanyanTree Finance has raised US$100 million at first close for its second private equity fund, BanyanTree Growth Capital II. The fund, targeting US$175 million in total commitments, will invest in middle-market companies in manufacturing and niche industrial sectors. BanyanTree Growth Capital II received commitments… Read More
Chinese venture capital firm WI Harper Group has announced the completion of a Series B round of venture capital funding for AdMaster, a China-based advertising analytics company. China-based technology-focused venture capital firm GSR Ventures also participated in the financing round. While financial terms of the transaction were not disclosed,… Read More
India-based private equity firm Ambit Pragma has purchased a 74 percent stake in Mehta Frozen Foods Carrier, a subsidiary of India’s MRL Group that specializes in the transportation of perishable frozen food products. The investment was made through Ambit Pragma Fund II, which held a first close at US$77… Read More
Spain-based private equity firm Mercapital has announced the acquisition of a 70 percent stake in Brazilian restaurant group Rubaiyat for approximately EUR46 million (US$56 million). Mercapital purchased the stake from Rubaiyat’s founder, Belarmino Fernández Iglesias. Rubaiyat plans to use the capital to expand its business by opening ten new… Read More
Central Europe and Turkey-focused private equity firm Mid Europa Partners has announced an agreement to purchase a 50 percent stake in Walmark, an e-retailer of vitamins and nutritional supplements based in the Czech Republic. Financial terms of the transaction, which is pending regulatory approval, were not disclosed. Read More
Open English, an online English language school launched in Venezuela in 2006, has raised US$43 million in a financing round led by Insight Venture Partners, with Redpoint Ventures and existing investors Flybridge Capital Partners and Kaszek Ventures also participating. Open English currently serves over 50,000 students in 20 Latin… Read More
Global private equity firms CVC Capital Partners and Standard Chartered Private Equity Limited (SCPEL) have announced the sale of Hong Kong-based fastener manufacturer Infastech to Stanley Black & Decker, a global diversified industrial company. The transaction, which is valued at US$850 million, is pending regulatory approval. CVC and SCPEL… Read More
The Carlyle Group has sold shares of China Pacific Insurance Company (CPIC), equivalent to a 9.6 percent stake, for HKD5.64 billion (approximately US$727.9 million) through an open market transaction on the Hong Kong Stock Exchange. The shares were owned by Carlyle Asia Partners (CAP), The Carlyle Group’s… Read More
Asia-focused credit and special situations investment firm Clearwater Capital has announced the final close of Clearwater Capital Partners IV with US$575 million in total commitments. Clearwater raised capital from a variety of investors including corporate and state pension plans, fund of funds, endowments, foundations and family offices in the… Read More
Peru-based investment manager Macrocapitales has held a first close of US$50 million for its Fortaleza Private Equity Fund, which will invest in middle-market Peruvian companies. According to local reports, the fund is targeting US$80 million in total commitments, with the remaining capital to be raised from international investors. Read More
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