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The Terranum Group and Equity International Acquire Decameron Hotels & Resorts (Latin America)
Latin America-focused real estate investment firm The Terranum Group and real estate investor Equity International have acquired Colombia-based hospitality company Decameron Hotels & Resorts. This investment allows Terranum Hotels, a business unit of Terranum Group, to add Decameron Hotels & Resorts to its existing portfolio of hotels. Financial details of the transaction were not disclosed. Read More
Olympus Capital Asia to Lead US$65 Million Financing Round for Aster DM Healthcare (Asia)
Private equity firm Olympus Capital Asia will lead a US$65 million financing round for India-based hospital chain Aster DM Healthcare. India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, will also participate in the transaction. Post-investment, IVFA and Olympus Capital Asia’s collective stake in the company will increase from 37 percent to 42 percent. This is… Read More
GIC, Kaszek Ventures, Tiger Global Management, Temasek Holdings and Iconiq Capital Back Netshoes
Singapore’s sovereign wealth fund GIC has led a US$170 million financing round in Brazil-based online sports goods retailer Netshoes. Other investors in the round included venture capital firm Kaszek Ventures, hedge fund and private equity firm Tiger Global Management, Singaporean investment company Temasek and global multi-family office Iconiq Capital. Netshoes intends to use the funding to strengthen its capital structure. Read More
Processed Food Company Maiyas Beverages and Foods Raises INR1 Billion from Ascent Capital (Asia)
India-focused private equity firm Ascent Capital has invested INR1 billion (approximately US$16.6 million) in Maiyas Beverages and Foods, an India-based vegetarian processed food company. Maiyas intends to use the funding to increase its marketing efforts and strengthen its brand. Read More
L Capital Asia Acquires Restaurant Chain Crystal Jade (Asia)
L Capital Asia, the private equity fund sponsored by global luxury goods distributor LVMH Group, Groupe Arnault and YTL, has agreed to buy more than a 90 percent stake in Singapore-based restaurant group Crystal Jade for a reported US$100 million. Crystal Jade operates food and beverage outlets in 18 cities across nine countries in Asia, with plans to expand to… Read More
Wave Entertainment Buys Navis Capital Partners’ Stake in Efficient English Services (Asia)
Thailand-based television production and distribution company Wave Entertainment has acquired a 100 percent stake in Efficient English Services (EES) from Asia-focused private equity firm Navis Capital Partners and Thailand’s Government Pension Fund for THB800 million (approximately US$24.8 million). EES holds the license to operate Wall Street English schools in Thailand. Navis originally acquired a 75 percent stake in the company… Read More
Foursan Group Completes Investments in Shamsuna Power, Nafith Logistics and National Bank of Iraq (MENA)
Foursan Group, a private equity firm primarily focused on the Middle East, has completed investments in Jordan-based solar energy project Shamsuna Power, Jordan-based freight management company Nafith Logistics and Iraq-listed private sector bank National Bank of Iraq (NBI). The transactions were structured through Foursan Capital Partners I. Foursan now holds an 85 percent stake in Shamsuna Power, which obtained a… Read More
iTech Capital Invests US$10 Million in Russia-based MFMSolutions (CEE and CIS)
Russia-focused venture capital firm iTech Capital has invested US$10 million in Russia-based SMS marketing technology company MFMSolutions. The company’s technology allows customers to send high volumes of text messages, up to 10,000 per second or 25 billion per month. Its clients include banks, insurance companies, online and offline retailers and government agencies. Read More
RRJ Capital Invests US$50 Million for a Minority Stake in Jing King Technology Holdings (Asia)
Asia-focused private equity firm RRJ Capital is investing around US$50 million for a minority stake in China-based credit card manufacturer Jing King Technology Holdings. The company’s chairman and chief executive Lennon Tan will continue to hold a controlling stake. Jing King was previously owned by Southeast Asia-focused private equity firm Southern Capital Group before being bought out by management in… Read More
Amadeus Capital Partners Backs Bidu Holdings (Latin America)
Technology-focused venture capital firm Amadeus Capital Partners has led a BRL20 million (approximately US$8.9 million) Series B financing round in Brazil-based online insurance comparison platform Bidu Holdings. The transaction was structured through Amadeus IV Digital Prosperity Fund. Venture capital firm Monashees Capital, German media conglomerate Bertelsmann and investment firm Otto Capital Partners also participated in the round. The company intends… Read More
Harvest Capital Completes Fundraising for Two Vehicles, Invests in Boloni and Hunan Tea (Asia)
China-focused private equity firm Harvest Capital has closed its second USD-denominated vehicle, Greater China Motivation Fund Phase I, with US$300 million in capital commitments. The firm has also completed fundraising for an RMB-denominated vehicle, Hexing (Tianjin) Equity Investment Fund, with RMB500 million (approximately US$81 million) in capital commitments. Investors in the USD-denominated fund include Agricultural Bank of China’s investment arm… Read More
Lok Capital Partially Exits RuralShores Business Services (Asia)
Venture capital firm Lok Capital has partially exited its investment in India-based rural business process outsourcing firm RuralShores Business Services by selling its stake to an unnamed buyer. The transaction was structured through Lok Capital Fund I. Lok Capital made a reported 6x return in INR on the investment, and remains invested in the company through a separate fund. Lok… Read More