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Genesis Capital Acquires a 75 Percent Stake in Quinta-Analytica (CEE and CIS)
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has acquired a 75 percent stake in Czech Republic-based Quinta-Analytica, a commercial services provider for the pharmaceutical, biotechnology and generic drug industries. Financial details of the transaction, which was structured through Genesis Private Equity Fund III, were not disclosed. Read More
Accel Partners Leads a US$1.7 Million Seed Round for Egypt-based Instabug (MENA)
Venture capital firm Accel Partners has led a US$1.7 million seed financing round for Egypt-based provider of software bug reporting tools Instabug. A series of angel investors also participated in the round. Instabug, which was part of seed accelerator Y Combinator’s Winter 2016 batch, plans to use the capital to expand its suite of bug reporting tools to provide a… Read More
Omidyar Network Participates in Financing Rounds for IntelleGrow and NowFloats (Asia)
Philanthropic investment firm Omidyar Network, asset manager Developing World Markets (DWM) and European lender Triodos Bank’s investment arm Triodos Investment Management have invested INR510 million (approximately US$7.6 million) in India-based venture debt lender Jain Sons Finlease, which operates under the IntelleGrow brand. Omidyar invested INR150 million (approximately US$2.2 million), while Triodos and DWM each contributed INR180 million (approximately US$2.7 million).… Read More
KKR to Invest US$81.2 Million in Agricultural Supplier Japfa Comfeed Indonesia (Asia)
Global investment firm KKR has agreed to invest US$81.2 million for a 10.44 percent stake in Indonesia-based agricultural supplier Japfa’s major subsidiary Japfa Comfeed Indonesia. The investment, which will be structured through KKR’s Asian Fund II, involves a private placement and a share sale. Both are part of an overall strategy to strengthen Japfa’s balance sheet. The transaction is conditional… Read More
Nexxus Capital Invests in Fondo de Transporte México (Latin America)
Mexico-focused private equity firm Nexxus Capital has agreed to invest in Mexico-based Fondo de Transporte México, a holding company focused on the logistics, cargo, personnel and student transportation sectors. The transaction will be structured though Nexxus Capital VI. Financial details of the transaction, which is pending certain closing conditions including the approval of Mexico’s Antitrust Authority, were not disclosed. Read More
EQT Sells Its 30 Percent Stake in Modern Metal and Precision Holdings to JD Capital (Asia)
Private equity group EQT has sold its 30 percent stake in China-based aluminum die casting manufacturer Modern Metal and Precision Holdings to China-focused investment firm JD Capital. Modern Metal's founders have also sold a 49 percent stake in the company to JD Capital. EQT originally invested in the company in December 2010 in a transaction structured through EQT Greater China… Read More
Mediterrania Capital Partners Invests in MedTech Group (MENA)
North Africa-focused private equity firm Mediterrania Capital Partners has invested in Morocco-based IT business system integrator MedTech Group. The transaction was structured through Mediterrania Capital II. MedTech operates in the software, hardware and middleware infrastructure, payment solutions, and telecom and network systems sectors. Financial details of the transaction were not disclosed. Read More
Gulf Capital’s Second Private Debt Fund Reaches a Third Close with US$222.5m in Commitments (MENA)
Middle East-focused alternative asset manager Gulf Capital has reached a third close for its second private debt fund, GC Credit Opportunities Fund II, with US$222.5 million in capital commitments. The fund previously held a second close in May with US$202.5 million in commitments. Investors in the fund included development finance institution IFC, which invested US$25 million. The fund, which has… Read More
Providence Equity Partners Sells a Partial Stake in Idea Cellular for INR1.38 Billion (Asia)
Global private equity firm Providence Equity Partners has sold a 3.47 percent stake in Bombay Stock Exchange and the National Stock Exchange-listed telecommunication service provider Idea Cellular for INR1.38 billion (approximately US$204 million) via an open market sale. Providence, which originally invested in Idea Cellular in 2006, holds a remaining 3.33 percent stake after the transaction. Idea Cellular offers cellular… Read More
Warburg Pincus Agrees to Sell a Partial Stake in China Biologic Products (Asia)
Global private equity firm Warburg Pincus has agreed to sell a 10.4 percent stake in NASDAQ-listed blood plasma-based biopharmaceutical company China Biologic Products in an underwritten public offering. Warburg Pincus, which originally invested in Biologic through Warburg Pincus Private Equity X, will sell 2.78 million shares. The offering is expected to close on or around 8 June 2016, subject to… Read More
The Abraaj Group Lists Cleopatra Hospital on Egyptian Exchange (MENA, CEE and CIS)
Global growth markets investor The Abraaj Group has listed Egypt-based healthcare provider Cleopatra Hospital on the Egyptian Exchange, raising EGP360 million (approximately US$40.5 million) in an initial public offering (IPO). Abraaj, which originally invested in Cleopatra Hospital in 2014 through Abraaj Private Equity Fund IV and Abraaj North Africa Fund II, will retain an 80 percent stake in the company.… Read More
Kejora Ventures Agrees to Invest in a Series A Round for Indonesia-based Investree (Asia)
Southeast Asia-focused venture capital firm Kejora Ventures has agreed to invest in a Series A financing round for Indonesia-based online peer-to-peer lending marketplace Investree. The company, which connects lenders with borrowers, plans to use the capital hire new talent — from marketing personnel to legal experts; as well as establish sales offices. Financial details of the agreement, which will be officially… Read More