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CDH Venture and Shenzhen Green Pine Capital Partners Invest in Upyun.com (Asia)
CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, and China-based venture capital firm Shenzhen Green Pine Capital Partners have invested in a Series A financing round for China-based cloud services company Upyun.com. Upyun, which started as a project to provide cloud computing services to China-based photo-sharing site Yupoo in 2005, has also… Read More
Badia Impact Fund Leads a Series A Financing Round for Wysada (MENA)
Early stage technology investor Silicon Badia has led a Series A financing round of more than US$5 million for Jordan-based online retailer Wysada. The transaction was structured through Silicon Badia’s Badia Impact Fund. The round also included participation from new and existing investors from the Gulf Cooperation Council countries. Wysada intends to use the funding to expand its operations in… Read More
EIG Global Energy Partners Invests US$125 Million in Greenko Group (Asia)
Global energy investor EIG Global Energy Partners has invested US$125 million in India-based renewable energy developer Greenko Group. EIG has invested through a six-year instrument with a cash coupon of five percent per annum and a payment-in-kind (PIK) coupon of six percent due on maturity, with the option of converting the PIK coupon to Greenko shares. Greenko intends to use… Read More
Middle East Venture Partners Reaches a First Close on Its Latest Fund (MENA)
Middle East-focused venture capital firm Middle East Venture Partners (MEVP) has reached a first close on its IMPACT Fund with more than US$50 million in capital commitments. Investors in the first closing included the fund’s co-sponsors, BLOM Invest Bank and MedSecurities Investment, as well as other Lebanese banks. The fund is compliant with Banque Du Liban’s Intermediate Circular 331, a program… Read More
CapMan Russia Acquires a 40 Percent Stake in Kidburg (CEE and CIS)
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan Group, has acquired a 40 percent stake in Russia-based Kidburg, an operator of children’s educational entertainment services. The transaction was structured through CapMan Russia II and is intended to support the company’s further expansion in Russia. Kidburg is planning to open an office in Moscow in December… Read More
ARM Capital Partners and IFC Invest US$9.5 Million in Boulos Foods and Beverages (Sub-Saharan Africa)
West Africa-focused private equity fund manager ARM Capital Partners and development finance institution IFC have invested US$9.5 million in Nigeria-based food manufacturer Boulos Foods and Beverages. ARM Capital Partners and IFC will contribute US$6 million and US$3.5 million, respectively. The company, which produces fruit juices and other non-alcoholic drinks, milk products and tomato paste for the Nigerian market, intends to… Read More
Softbank Internet and Media and Sequoia Capital to Invest US$100 Million in Tokopedia (Asia)
Telecommunications conglomerate Softbank Internet and Media has agreed to lead a US$100 million financing round for Indonesia-based online marketplace Tokopedia. Venture capital firm Sequoia Capital and existing shareholder SB Pan Asia Fund, a fund managed by Softbank Ventures Korea, will also participate in the round. Sequoia’s investment will be structured through its fourth India-focused fund. Tokopedia aims to use the… Read More
Summit Partners Agrees to Sell Its Stake in Bulgaria-based Telerik to Progress Software (CEE and CIS)
Global private equity firm Summit Partners has agreed to sell its stake in Bulgaria-based provider of application development tools Telerik to NASDAQ-listed software company Progress Software. This is part of a larger transaction in which Progress Software has agreed to acquire Telerik for US$262.5 million. Summit Partners originally acquired a minority stake in Telerik in October 2008. Read More
IFC and IFC AMC Invest BRL200 Million in Vix Logística (Latin America)
Development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (IFC AMC), a wholly owned subsidiary of IFC, have together invested BRL200 million (approximately US$81 million) in Brazil-based logistics services provider Vix Logística. IFC AMC contributed BRL50 million (approximately US$20 million), structured through its IFC African, Latin American and Caribbean Fund, with IFC investing the remaining BRL150 million… Read More
Wolfensohn Capital Partners, Innova Capital and EBRD to Exit Meritum Bank (CEE and CIS)
Emerging markets-focused private equity firm Wolfensohn Capital Partners (WCP), mid-market private equity firm Innova Capital and development finance institution European Bank for Reconstruction and Development (EBRD) have agreed to sell a 97.9 percent stake in Poland-based retail bank Meritum Bank to Poland-based retail and corporate banking institution Alior Bank for PLN353 million (approximately US$107 million). About half of the purchase… Read More
NBK Capital Closes NBK Capital Equity Partners Fund II with US$310 Million in Capital Commitments (MENA)
MENA-focused private equity and mezzanine fund manager NBK Capital has closed its latest private equity fund, NBK Capital Equity Partners Fund II, with US$310 million in capital commitments. The fund, which was oversubscribed, will acquire stakes in middle market companies across the MENA region and has already completed investments in two companies, United Arab Emirates-based casual dining restaurant chain Shakespeare… Read More
Warburg Pincus Invests in Kalyan Jewellers and CarTrade.com, Sells Shares in Kosmos Energy via Secondary Public Offering (Asia, Sub-Saharan Africa)
Global private equity firm Warburg Pincus has received regulatory approval to acquire a 24 percent stake in India-based jewelry retailer Kalyan Jewellers India for INR12 billion (approximately US$195.6 million) and has led a INR1.85 billion (approximately US$30 million) financing round for India-based auto classifieds platform CarTrade.com, with participation from existing investors venture capital firm Canaan Partners and alternative investment firm… Read More