FountainVest Raises over US$1 Billion (Asia)

China-based private equity firm FountainVest Partners has held a first close for its second China-focused fund, FountainVest China Growth Capital Fund II, with more than US$1 billion in commitments. The fund, which was launched in March 2012, is targeting a fund size of US$1.25 billion. Several of FountainVest’s prior… Read More

Legend Capital Invests in Chinese Cosmetic Brand (Asia)

Legend Capital, the venture capital arm of China-based investment group Legend Holdings, has invested RMB100 million (approximately US$15.8 million) in cosmetic retailer Yesa Cosmetic Group. Yesa, which carries five in-house cosmetic lines, as well as global brands, currently has 70 stores across China with plans to reach 300 by… Read More

Navis Sells Nirula’s to Indian Hospitality Group A2Z Excursions (Asia)

Malaysia-based private equity firm Navis Capital Partners has sold its 100 percent stake in Indian restaurant chain Nirula’s Corner House through a strategic sale to A2Z Excursions, an India-based hotel, travel and real estate group, for an undisclosed amount. Navis Capital Partners purchased a controlling stake in… Read More

NBK Capital Acquires 50 Percent of Bavet (CEE and CIS)

Investment management company NBK Capital, an affiliate of the National Bank of Kuwait (NBK), has announced the acquisition of a 50 percent stake in Turkish animal pharmaceuticals distributor Bavet. The investment was made through NBK Capital Equity Partners Fund I, a private equity fund focused on the MENA region. Read More

Creador Invests US$28 Million in Indonesia’s MNC Skyvision (Asia)

South and Southeast Asia-focused private equity firm Creador Capital has invested US$28 million in Indonesian pay TV operator MNC Skyvision’s IPO. Creador’s investment, which includes US$13 million from a co-investor, was equal to approximately 13 percent of the US$228 million on offer. Skyvision is Creador’s second deal in Southeast… Read More

BaltCap Invests in Two Lithuanian Companies (CEE and CIS)

BaltCap, a private equity and venture capital firm focused on the Baltic States, has invested in two Lithuanian companies through its Lithuania SME Fund. The Lithuania SME Fund is part of the European Investment Fund’s JEREMIE initiative, which aims to provide funding to small- and medium-size enterprises in Europe. Read More



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