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KKR Invests in India-based Archean Group, Plans to Acquire Singapore-listed Goodpack (Asia)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has completed a mezzanine investment in India-based business conglomerate Archean Group. Archean Group, which has interests in salt manufacturing, coal, phosphatic fertilizers and chemicals, intends to use the funding for company expansion. Financial details of the transaction were not disclosed. Separately, KKR has agreed to acquire Singapore-listed Goodpack, a provider of… Read More
Bertelsmann and Norwest Venture Partners Invest US$16 Million in TrendSutra Platform Services (Asia)
Bertelsmann India Investments, the investment arm of international media company Bertelsmann in India, has led an INR950 million (approximately US$16 million) financing round in India-based TrendSutra Platform Services, which runs online home products marketplace Pepperfry.com. Existing investor venture capital firm Norwest Venture Partners (NVP) also participated in the round. The company had raised INR670 million (approximately US$11.4 million) from NVP… Read More
The Abraaj Group Acquires a Stake in KPN Academy (Asia)
Global growth markets investor The Abraaj Group has acquired a stake in Thailand-based education service provider KPN Academy. The transaction was structured through The Abraaj Group’s Southeast Asia Fund. KPN Academy operates more than 103 centers across Thailand, offering a variety of subjects including music, mathematics, chemistry, physics and social sciences. With the investment, KPN Academy intends to expand its… Read More
Kaszek Ventures Participates in a Series B Investment Round for GuiaBolso (Latin America)
Venture capital firm Kaszek Ventures has led a Series B financing round for Brazil-based GuiaBolso, an online financial management platform. Venture capital firms e.Bricks Digital and Valor Capital Group also participated. The company intends to develop a mobile version of the platform. Financial details of the transaction were not disclosed. Read More
TPG Closes US$3.3 Billion Asia Fund (Asia)
Global private investment firm TPG has closed its sixth Asia-focused fund, TPG Asia VI, with US$3.3 billion in capital commitments. The fund will target investments in the health care, consumer, retail and financial services sectors, with a regional focus on Australia, India, Southeast Asia and China. Half of the fund will likely be dedicated to buyout deals, and the other… Read More
Phatisa to Build Housing Development in Partnership with Africa Reit (Sub-Saharan Africa)
Private equity fund manager Phatisa will invest in a special purpose vehicle with Kenya-based real estate and investment trust Africa Reit to develop a 66-unit apartment complex in Kikuyu Town, located to the west of Nairobi, Kenya. Phatisa’s investment will be structured through its Pan African Housing Fund. Financial details of the transaction were not disclosed. Read More
CRP Companhia de Participações Invests in Game Developer Aquiris (Latin America)
Private equity firm CRP Companhia de Participações has acquired a 25 percent stake in Brazil-based online game developer Aquiris. The capital injection will cover part of a BRL10 billion (approximately US$4.5 million) three year investment program, during which the company intends to increase its annual sales and launch seven new games. Financial details of the transaction were not disclosed. Read More
CDH and Zero2IPO Capital Invest US$50 Million in 55Tuan (Asia)
55Tuan, a China-based group-buying site that provides users with daily deal offers, has received US$50 million in a financing round from existing investors, including alternative asset fund manager CDH Investments and venture capital firm Zero2IPO Capital. The company previously raised US$200 million from CDH, Zero2IPO, venture capital firm Shanghai GSI Investment and investment manager Tianjin Redbud Capital Investment in 2011.… Read More
CVC Capital Partners to Acquire a Majority Stake in The Executive Centre from Headland Capital Partners (Asia)
Private equity and investment advisory firm CVC Capital Partners has agreed to acquire a majority stake in Hong Kong-based serviced office provider The Executive Centre, in partnership with the management team, from Asia-focused private equity firm Headland Capital Partners. Headland will retain a minority ownership in the business. The Executive Center provides serviced offices, virtual offices, meeting facilities, video conferencing… Read More
Legend Capital Closes LC Fund VI at US$500 Million (Asia)
Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, has reached a final close on its sixth USD-denominated fund, LC Fund VI, with US$500 million in capital commitments. Investors included Texas County & District Retirement System, which committed US$30 million to the fund. Read More
Promotora Invests in Helppeople Software (Latin America)
Private equity fund manager Promotora has invested in Colombia-based operations management provider Helppeople Software. The investment, which was structured through Promotora’s venture capital fund, will help the company to expand its operations internationally. Financial details of the transaction were not disclosed. Read More
Yunfeng Capital Closes Its Second Fund at US$1.1 Billion, Invests in Quanfeng Express (Asia)
Private equity firm Yunfeng Capital has reached a final close on its second fund, Yunfeng Fund II, with around US$1.1 billion in capital commitments. Investors in the fund included sovereign wealth funds and other global institutional investors. The fund will focus on China-based companies in the technology, media and telecommunications, consumer products and healthcare sectors. Separately, Yunfeng Capital has led… Read More