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V4C to Acquire Majority Stake in Summa Linguae
Poland- and Central Europe-focused private equity fund manager Value4Capital (V4C) has agreed to acquire a majority stake in Summa Linguae Technologies, a Poland-based language technology service provider, for PLN54 million (approximately USD14 million). V4C Poland Plus Fund will purchase 1.016 million existing shares from select shareholders at a price of PLN13.50 (USD3.48) per share and acquire up to 2.95 million… Read More
Cepheus Capital Acquired Minority Stake in Tarbor Ceramics
Ethiopia-focused fund manager Cepheus Growth Capital Partners has acquired a minority stake in Tabor Ceramics Products, an Ethiopia-based ceramic products manufacturer. The company, which produces tiles, sanitary ware, tableware, and ceramic insulators, will use the equity investment to expand production and launch a new product line. Financial details of the transaction were not disclosed. Read More
VTEX Secures USD138 Million from SoftBank, Gávea, and Constellation
Brazil-based e-commerce software company VTEX has secured BRL580 million (approximately USD138 million) in funding from Japan-based technology and investment conglomerate SoftBank and Latin America-focused asset managers Gávea Investimentos and Constellation Asset Management. SoftBank will reportedly complete the investment through its Latin America-focused fund. VTEX provides a centralized platform for businesses to connect with both online and offline customers, consolidate their… Read More
Ping An Capital, Primavera, and Junqian to Acquire Junlebao
China-focused investors Ping An Capital, Primavera Capital, and Junqian Management have agreed to acquire a 51 percent stake in China-based dairy products producer Junlebao for CNY4 billion (approximately USD569 million) from parent company China Mengniu Dairy. Junlebao, which operates 17 production plants and 10 ranches, primarily produces milk powder, low-temperature yogurt, and milk. Through the new partnership, the company reportedly… Read More
ACON Latin America Opportunities Fund V Reaches USD253 Million First Close
United States- and Latin America-focused private equity firm ACON Investments has held a first close for ACON Latin America Opportunities Fund V with USD253 million in commitments. The firm, which raised approximately USD668 million for its fourth fund in 2014, is targeting USD600 million in total commitments for the new fund. Read More
Tulip Acquires Biosense, Facilitating Exit for Insitor and Menterra
Tulip Diagnostics, an India-based reproductive health diagnostics company, has acquired India-based diagnostics device manufacturer Biosense Technologies, facilitating an exit for Asia-focused venture capital impact investors Insitor Partners and Menterra Venutures. Biosense produces affordable point-of-care diagnostic products for the screening, diagnosis, and management of chronic diseases. Insitor and Menterra originally invested in the business in 2013 and 2016, respectively. Financial details… Read More
Affirma Exits Prime Focus to Augusta Investments for USD20 Million
Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity (SCPE), has exited Bombay Stock Exchange-listed media services provider Prime Focus to Singapore-based investor Augusta Investments. Affirma, which originally invested in the company through SCPE in 2012, sold 29 million shares representing a 10 percent stake for INR48.5 (approximately USD0.68) per share… Read More
WMall Raises USD9 Million Series B from Chiratae, SAIF, and Venture Highway
India-based e-commerce company WMall has raised INR640 million (approximately USD9 million) in a Series B funding round from India-focused venture capital firms Chiratae Ventures, SAIF Partners, and Venture Highway (also known as VH Capital). The platform, which primarily offers kitchen, beauty, clothing, and home decor products, aims to introduce women new to the internet in Tier-2 and Tier-3 Indian cities… Read More
Carlyle Sells Partial Stake in SBI Life for USD392 Million
Global alternative asset management firm The Carlyle Group has completed a partial exit of Bombay Stock Exchange-listed life insurance company SBI Life Insurance, selling 30 million shares representing a 3 percent stake for INR938.83 (approximately USD13) per share and retuning INR28.2 billion (USD392 million). Carlyle acquired a 9.2 percent stake in SBI Life in March 2019. Global alternative investment manager… Read More
Advent to Acquire Bharat Serums from OrbiMed, Kotak, and Daftary Family
Global private equity fund manager Advent International has agreed to acquire a majority stake in India-based biopharmaceutical company Bharat Serums and Vaccines. Advent will acquire Bharat Serums from alternative investment firms OrbiMed Advisors and Kotak Private Equity, as well as the Daftary Family, which founded Bharat Serums in 1971. Kotak and OrbiMed first invested in the business in 2008 and… Read More
OPay Raises USD120 Million Series B Round from Meituan-Dianping and Private Capital Investors
Nigeria-based mobile payments company OPay has raised a USD120 million Series B funding round from China-based e-commerce company Meituan-Dianping and private equity and venture capital firms IDG Capital, Sequoia Capital, Source Code Capital, GSR Ventures, Gaorong Capital, Redpoint Ventures, Softbank Ventures Asia, and Bertelsmann Asia Investments. OPay intends to use the new capital to scale its business in Nigeria and… Read More
BPEA Acquires Majority Stake in VUS
Asia-focused alternative asset manager Baring Private Equity Asia (BPEA) has reportedly acquired a majority stake in USA Society English Centres (VUS), a Vietnam-based chain of English language training centers. The company operates 20 centers across Vietnam, enrolling approximately 200,000 students annually. Financial details of the transaction were not disclosed. Read More