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CVC Capital Partners to Acquire Poland-based PKP Energetyka (CEE and CIS)
Private equity and investment advisory firm CVC Capital Partners has agreed to acquire PKP Energetyka (PKPE), the energy unit of the Polish National Railways, in a transaction that values the company at PLN2 billion (approximately US$520 million). PKPE is an electricity distributor to the Polish railway network and to other customers. The company also provides maintenance and emergency response services… Read More
Baring Vostok Capital Partners and Almaz Capital Participate in Round for CarPrice (CEE and CIS)
Russia and CIS-focused private equity firm Baring Vostok Capital Partners has led a US$40 million Series B investment in Russia-based online used car broker and auctioneer CarPrice. Venture capital firm Almaz Capital and other undisclosed investors also participated in the round. Baring Vostok’s investment was structured through Baring Vostok Private Equity Fund V. CarPrice will use the investment to further… Read More
UVM 2 Venture Investments and Oak Investment Partners Participate in Round for Giosis (Asia)
Singapore-based Giosis, the parent company of e-commerce company Qoo10, has raised US$82.1 million in a Series A round led by media-focused holding company Singapore Press Holdings. Other participants in the round included venture capital firms UVM 2 Venture Investments and Oak Investment Partners, e-commerce company eBay, media-focused investment company Saban Capital Group and hedge fund manager Brookside Capital. Giosis will… Read More
Living Consumer Products Raises Pre-Series A Funding from IDG Ventures India (Asia)
India-based Living Consumer Products, operator of mobile dating app iCrushiFlush, has raised a pre-Series A round of funding from venture capital firm IDG Ventures India. The app matches its users based on their location and includes an in-app gifting service. Financial details of the transaction were not disclosed. Read More
Bima Raises Funding from LeapFrog Investments, Kinnevik and Others (Pan-Emerging Markets)
Bima, a provider of mobile-delivered insurance in emerging markets, has raised US$38.4 million in Series C funding from existing shareholders, including emerging markets financial services investor LeapFrog Investments, Swedish investment firm Kinnevik, international telecommunications and media company Millicom, global telecommunications provider Digicel Group and individual investors. The fresh capital will be used for Bima’s expansion into new markets and scaling… Read More
Testin Raises Funds from Haiyin Capital, IDG Capital Partners and Banyan Capital (Asia)
China-focused venture capital firm Haiyin Capital has led a US$54.9 million Series B round in China-based mobile app testing company Testin. Venture capital firms IDG Capital Partners and Banyan Capital also participated in the round. Testin, which provides technology solutions for mobile app developers and game operators to test their products before launch, will use the fresh capital to develop… Read More
Investec Asset Management to Invest in IDM Group (Sub-Saharan Africa)
Africa-focused asset management firm Investec Asset Management has agreed to invest in South Africa-based consumer debt restructuring company Intelligent Debt Management (IDM Group). IDM Group helps clients manage, consolidate and restructure their debts, and provides financial education to consumers. Financial details of the transaction were not disclosed. Read More
Warburg Pincus to Invest INR18 Billion in Piramal Realty (Asia)
Global private equity firm Warburg Pincus has agreed to invest INR18 billion (approximately US$284 million) for a minority stake in India-based real estate development company Piramal Realty. The capital raised will be used to expand Piramal Realty’s portfolio and acquire additional land in and around Mumbai. The company currently has more than 10 million square feet under development in the… Read More
Takura Capital to Invest US$33 Million in Zimbabwe-listed Cairns Holdings (Sub-Saharan Africa)
Southern Africa-focused private equity firm Takura Capital will invest US$33 million to acquire a controlling interest in Zimbabwe-listed fast moving consumer goods manufacturer Cairns Holdings. The majority of the new funds will be used to clear the company’s current debts, while additional funds will be used to recapitalize the company. The transaction is pending approval of Zimbabwe’s High Court, and… Read More
Clearwater Partially Exits Diamond Power Infrastructure via Share Sale (Asia)
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has partially exited its stake in India-based cable and conductor manufacturer Diamond Power Infrastructure. Clearwater sold a 2.03 percent stake in the company for INR50.3 million (approximately US$793,000) via open market transactions on the Bombay Stock Exchange and National Stock Exchange between 30 March and 17… Read More
Capital Group, The Rohatyn Group and Concord International to Exit Amoun Pharmaceutical (MENA)
Multinational specialty pharmaceutical company Valeant Pharmaceuticals International has agreed to acquire Egypt-based pharmaceutical company Amoun Pharmaceutical from global private equity firms Capital Group Private Markets and The Rohatyn Group and Egypt-focused investment management company Concord International Investments for US$800 million. Amoun will serve as a platform for Valeant’s expansion in MENA’s pharmaceutical market. The transaction, which is subject to customary… Read More
Shenzhen Fortune Venture Capital Leads a US$100 Million Investment Round in Yoho (Asia)
China-focused venture capital firm Shenzhen Fortune Venture Capital has led a US$100 million Series D round in China-based publishing and e-commerce company Yoho. Additional participants in the round included China-focused private equity and venture capital firms CDH Investments, China Media Capital, SAIF Partners and Telescope Capital, and Temasek Holdings’ subsidiary Vertex Venture Holdings. The company will use the new funds… Read More