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Nexus Group Acquires Peru-Based San Miguel Industries (Latin America)
Peru-focused private equity firm Nexus Group has acquired a 99.9 percent stake in Peru-based San Miguel Industrias PET, a manufacturer and distributor of polyethylene terephthalate (PET) containers in Peru with operations in El Salvador, Panama, Ecuador and Colombia. PET is a material commonly used in plastic bottles. Financial details of the transaction were not disclosed. Read More
PhillipCapital Takes Stake in Indonesian Equipment Finance Business (Asia)
Asian financial house PhillipCapital has acquired a 9.7 percent stake in Indonesia-based heavy equipment financer Intan Baruprana Finance (IBF), the financing arm of equipment distributor Intraco Penta, through a rights issue. Intraco Penta will continue to hold a majority stake of 79.7 percent, with Intra Trading, another affiliate of the Intraco Penta, taking a 10.6 percent stake. Financial details of… Read More
Taggo Raises Series A Funding Round (Asia)
Singapore, India and Southeast Asia-focused venture capital firm Jungle Ventures and SPRING SEEDS Capital, the start-up-focused investment arm of SPRING Singapore, have led a Series A investment in Taggo, a Singapore-based marketing platform that helps companies turn their Facebook pages into loyalty program “fan clubs.” This financing round, which was reportedly close to US$1 million, follows an earlier seed round… Read More
Aavishkaar Backs Indian ATM Outsourcing Company EPS (Asia)
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has invested US$6 million in a second round of funding for India-based payments system Electronic Payment and Services (EPS). The transaction was structured through Aavishkaar Goodwell II and Aavishkaar II. EPS intends to use the capital injection, along with the Aaviskhaar’s original US$4 million investment made in 2012,… Read More
IDG Capital Leads Investment in Chinese 3D Online Game Developer (Asia)
China-focused investment firm IDG Capital Partners has led a Series A round of financing in China-based online game developer Ejoy for a reported RMB100 million (approximately US$16.2 million). The company intends to use the new financing to develop 3D online games. Read More
Cathay Capital Private Equity Invests in Chinese Cold Storage Logistics (Asia)
Franco-Chinese management company Cathay Capital Private Equity has agreed to invest RMB120 million (approximately US$19.5 million) in Shanghai Zhengming Modern Logistics (ZM Logistics), a China-based supply chain company specializing in logistics for cold chain, auto parts, fast-moving consumer goods and pharmaceuticals. ZM Logistics has 40 subsidiaries with a fleet of nearly 1,000 vehicles. The transaction was structured through Cathay’s Sino-French… Read More
Armstrong Invests in Annex Power for Regional Solar Expansion (Asia)
Southeast Asia-focused clean energy investor Armstrong Asset Management is committing up to US$30 million to Thailand-based renewable energy group Annex Power. The transaction, which will be structured through Armstrong’s South-East Asia Clean Energy Fund, is intended to finance an initial pipeline of solar photovoltaic and biogas power projects in Thailand, the Philippines and Indonesia. Read More
CITIC Capital’s RMB Fund Invests in Chinese Express Delivery Services Company S.F. Express (Asia)
A consortium of investors including China-based alternative investment management and advisory firm CITIC Capital, Oriza Holdings and state-owned conglomerate China Merchants Group have acquired a stake of no more than 25 percent in China-based express delivery services company S.F. Express. Financial details of the transaction, which was structured through CITIC Capital’s RMB-denominated fund CITIC Capital (Tianjin) Equity Investment Partnership, were… Read More
The Moringa Fund, an Agroforestry Sector Investment Vehicle, Achieves First Closing (Global)
Financial services provider La Compagnie Benjamin de Rothschild (CBR), forest company ONF International and the Moringa Partnership, an investment advisor owned by CBR, have announced the first close of the Moringa Fund, a private equity investment vehicle focused on sustainable agroforestry projects in Sub-Saharan Africa and Latin America. The fund, which is targeting EUR100 million (approximately US$133 million), will typically… Read More
Monashees Capital, Gera Venture and 500 Startups Invest in Brazil-Based Rota dos Concursos (Latin America)
Brazil-based online test-prep company Rota dos Conursos has received a round of financing from internet- and education-focused venture capital firm Monashees Capital, education-focused venture capital firm Gera Venture, United States-based investment fund and accelerator 500 Startups and other angel investors. Rota dos Concursos intends to use the capital injection to hire new employees and accelerate company growth. Financial details of… Read More
Restorando Raises US$13.3 Million Series B Funding (Latin America)
Argentina-based provider of online restaurant reservations Restorando has closed a US$13.3 million Series B funding round led by early-stage venture capital investor Flybridge Capital Partners. Existing venture capital investors Emergence Capital Partners, Kaszek Ventures, Atomico and Storm Ventures also participated in the round. The company had previously raised US$3.7 million in seed and Series A rounds, bringing the total funds… Read More
EIG Pays BRL1.3 Billion for Brazil’s LLX (Latin America)
Global energy investor EIG Global Energy Partners has acquired Brazil-based LLX, the logistics company of the energy and mining conglomerate EBX Group, for BRL1.3 billion (approximately US$557 million). The new capital will allow LLX to finish its Açu Superport, an industrial port venture designed to service Brazil’s commodity exports to Asia. The transaction was structured through EIG’s Energy Fund XV. Read More