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Alta Semper Invests in Oncologie et Diagnostic du Maroc (MENA)
Africa-focused private equity fund manager Alta Semper Capital has agreed to invest in Oncologie et Diagnostic du Maroc (ODM), a Morocco-based oncology, radiology and diagnostics group. ODM has established a network of seven health care centers in Morocco’s major cities through bolt-on acquisitions. The company reportedly plans to use the funding to expand within Morocco and in other select markets… Read More
Artha India Ventures Reaches US$6 Million First Close for Debut Fund (Asia)
Early-stage venture capital firm Artha India Ventures has reached a first close for its debut fund with INR400 million (approximately US$6 million) in capital commitments. Investors in the fund include publicly traded companies, India-based family offices and high-net worth individuals. The fund launched in June 2017 with a target of INR2 billion (approximately US$31 million) in total commitments. The fund… Read More
CITIC Private Equity Reaches US$2.2 Billion Final Close for Third U.S. Dollar Fund (Asia)
China-focused private investment firm CITIC Private Equity Funds Management has reached a final close for its third U.S. dollar-denominated China-focused fund, reportedly exceeding its hard cap of US$2.2 billion in capital commitments. Launched in the fourth quarter of 2017, CPE China Fund III reached a first close in March 2018 with US$1.8 billion in capital commitments. Investors in the fund… Read More
Tata Capital Exits Varroc Engineering in US$282 Million IPO, Sells Sai Life Sciences Stake to TPG for US$100 Million (Asia)
India-based automobile parts manufacturer Varroc Engineering has raised INR19 billion (approximately US$282 million) through its initial public offering on the Bombay Stock Exchange and National Stock Exchange of India, facilitating an exit for India-focused growth equity fund manager Tata Capital. The offering included a total of 20 million shares sold at a price of INR967 (approximately US$14) per share. Tata… Read More
C-Bridge Capital Reaches US$400 Million First Close for Third Health Care Fund (Asia)
C-Bridge Capital, a China-focused private equity fund manager targeting opportunities in health care, has reached a first close for C-Bridge Healthcare Fund III with US$400 million in capital commitments. The fund reportedly launched in January 2018 with a target of US$650 million and a hard cap of US$800 million. It will focus on growth investments in China-based biotechnology, pharmaceutical, medical… Read More
Vantage Capital Invests US$10 Million in Cap Tamarin (Sub-Saharan Africa)
Africa-focused mezzanine and private credit fund manager Vantage Capital has provided US$10 million in mezzanine funding to Cap Tamarin, a residential and commercial real estate project in Mauritius to be built by property development group Trimetys. Cap Tamarin, located in the coastal village of Tamarin, will comprise a 400,000-square meter residential space consisting of apartments, senior homes, villas and houses,… Read More
AIIM Acquires 50 Percent Stake in Société d’Exploitation et de Gestion Aéroportuaires (Sub-Saharan Africa)
African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments, has acquired a 50 percent stake in Société d’Exploitation et de Gestion Aéroportuaires (SEGAP), a holding company for airport assets in West and Central Africa. AIIM invested through its third pan-African fund, AIIF3, which targets investments in power, transportation and energy infrastructure. SEGAP holds stakes in three concession… Read More
J.C. Flowers Acquires Piraeus Bank Romania (CEE and CIS)
Financial services-focused buyout firm J.C. Flowers & Co. has acquired the Romanian subsidiary of Greece-based Piraeus Bank. J.C. Flowers plans to help Piraeus Bank Romania, which offers retail, small business and corporate banking services, continue to grow domestically. Financial details of the transaction, which has received the necessary approvals from the National Bank of Romania, were not disclosed. Read More
responsAbility Investments Invests in Bank Lviv and Kinara Capital (CEE and CIS, Asia)
Impact investment fund manager responsAbility Investments has acquired a majority stake in Bank Lviv, a provider of financial services to private individuals and small and medium-sized businesses in Ukraine, following approval by the Ukrainian National Bank. Financial details of the transaction were not disclosed. Separately, responsAbility has reportedly invested INR320 million (approximately US$4.7 million) in India-based non-banking financial company Kinara… Read More
Legend Capital Leads US$88 Million Series B Round for Aikucun (Asia)
Legend Capital Management, an independent venture capital arm of China-based conglomerate Legend Holdings, has led a CNY580 million (approximately US$88 million) Series B Round for China-based online fashion distribution platform Aikucun. Other participants in the funding round include state-owned real estate and logistics group C&D Corporation and growth capital fund manager Eastern Bell Venture Capital, which also led Aikucun’s CNY100… Read More
ARX Equity Partners Acquires Majority Stake in TMX Mobile Solutions (CEE and CIS)
Central and Eastern Europe-focused private equity fund manager ARX Equity Partners has acquired a majority stake in Hungary-based mobile device repair company TMX Mobile Solutions. ARX invested through ARX CEE IV, the firm’s fourth buyout fund. Through the acquisition, ARX intends to assist TMX in scaling up its operations both within Hungary and throughout Central and Eastern Europe. Financial details… Read More
General Atlantic Acquires 27 Percent Stake in Ching’s Secret for US$54 Million (Asia)
Global growth equity fund manager General Atlantic has acquired a 27 percent stake in India-based Indian-Chinese grocery brand Ching’s Secret for INR3.7 billion (approximately US$54 million) from global investment company Invus and the brand’s parent entity, India-based Capital Foods. Products sold under the Ching’s Secret brand include instant soups and noodles, spices, sauces and chutneys. General Atlantic’s investment will reportedly… Read More