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TPG Invests US$150 Million in Manipal Health Enterprises (Asia)
Global private investment firm TPG has acquired a 25 percent stake in India-based healthcare service provider Manipal Health Enterprises for US$150 million. The deal was approved by the Competition Commission of India on 15 January. Manipal has been scaling its business through a mix of organic expansion and acquisitions in order to expand to new geographies. Read More
Valor Capital Group Leads a BRL5 Million Series A Round for SontraCargo (Latin America)
Brazil-focused investment firm Valor Capital Group has led a BRL5 million (approximately US$2 million) Series A financing round for Brazil-based SontraCargo, a mobile application for courier delivery services. The company, founded in May 2014, intends to use the capital injection to expand its number of truck drivers and couriers and improve its product. Read More
3TS Capital Partners Invests EUR5.5 Million in Zoot (CEE and CIS)
Central and Eastern Europe-focused private equity firm 3TS Capital Partners has invested EUR5.5 million (US$6.4 million) in Czech Republic-based online fashion retailer Zoot, taking a minority stake via a Dutch holding company. The company will use the investment to broaden its product offerings and expand its network of physical locations in Central and Eastern Europe. Read More
CITIC Private Equity Funds Management Participates in Financing Rounds (Asia)
China-focused private equity firm CITIC Private Equity Funds Management has backed China-based Ele.me in a US$350 million Series E financing round, with participation from venture capital firm Sequoia Capital China, media and technology group Tencent Holdings, e-commerce company JD.com and restaurant review site Dianping.com. Ele.me operates an online food ordering and delivery platform. Separately, CITIC Private Equity and venture capital… Read More
Goldman Sachs and Zodius Capital Invest up to US$56 Million in Antuit (Asia)
Global investment bank Goldman Sachs and India-focused investor Zodius Capital have led a financing round of up to US$56 million for Singapore-based data solutions provider Antuit Holdings. The funding will support the company’s global expansion through organic growth and acquisitions. Read More
Bain Capital Completes Its Exit from Gome Electrical Appliances Holding (Asia)
Private equity firm Bain Capital has completed its exit from China-based electrical appliance retailer Gome Electrical Appliances Holding, selling its remaining shares for about HKD1 billion (approximately US$137 million). Bain Capital originally invested in the company in June 2009. Read More
L Capital Asia and Warburg Pincus Participate in a Financing Round for Sasseur (Asia)
L Capital Asia, the Asian private equity business sponsored by global luxury goods distributor LVMH Group, has reportedly invested more than US$100 million in China-based Sasseur Cayman Holding, the operator of four outlet malls. The transaction was structured through L Capital Asia 2. Private equity firm Warburg Pincus also participated in the round. Sasseur plans to add another four outlet… Read More
Darby Private Equity Exits Shayne International Holdings (Asia)
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its investment in China-based Shayne International Holdings, a manufacturer and exporter of high-end upholstered furniture and leather apparel. Darby originally invested in the company in 2006 through Darby Asia Mezzanine Fund II. Financial details of the transaction were not disclosed. Read More
Ethos Acquires a Majority Stake in AutoZone (Sub-Saharan Africa)
South Africa-focused fund manager Ethos Private Equity has acquired a majority stake in South Africa-based automotive parts retailer AutoZone. The transaction was structured through Ethos Fund VI. As part of the transaction, Ethos acquired the stake held by RMB Corvest, the private equity arm of Rand Merchant Bank and Zico Capital. Ethos intends to expand the business geographically. Financial details… Read More
ChrysCapital Partially Exits Cyient (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has partially exited India-listed IT company Cyient, formerly known as Infotech Enterprises. ChrysCapital returned around INR800 million (approximately US$13 million) through open market transactions, resulting in a reported 3x return on its original May 2013 investment. Read More
Syntaxis Capital Backs Uğurlu Cam (CEE and CIS)
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has provided a EUR13.5 million (approximately US$15.6 million) mezzanine loan to Turkey-based Uğurlu Cam, a specialized glass products manufacturer. Uğurlu intends to use the capital to support its organic growth and fund prospective acquisitions. Read More
BPM Capital Closes EUR70 Million Mezzanine Fund (CEE and CIS)
Investment manager BPM Capital has closed BPM Mezzanine Fund with EUR70 million (approximately US$82 million) in capital commitments. Investors include development finance institutions European Investment Fund and European Bank for Reconstruction and Development, seed investment company Ambient Sound Investments, pension fund LHV Pension Funds and asset manager Swedbank. The fund will provide mezzanine financing to small- and medium-sized enterprises in… Read More