GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Mekong Enterprise Fund II Partially Exits Its Investment in MobileWorld (Asia)
Mekong Capital, a Vietnam-focused private equity firm, has announced the completion of a partial exit from its 2007 investment in Vietnamese mobile phone retailer MobileWorld Investment Corporation. Mekong Capital’s Mekong Enterprise Fund II sold part of its stake to an undisclosed financial investor, reducing its holding from 32.5 percent to 25.8 percent. While financial details of the transaction were not… Read More
SkyLake Incuvest Acquires Tapex at KRW100 Billion (Asia)
South Korea-based private equity firm SkyLake Incuvest has agreed to acquire an 83 percent stake in adhesives manufacturer Tapex from KDB Capital and JKL Partners for KRW100 billion (US$91 million). In addition to plastic wrap and other household and office items, Tapex produces specialty tape used in LCD, semiconductor and battery manufacturing applications. Read More
LitCapital Has Signed an Investment Agreement with Altechna (CEE and CIS)
Lithuania-focused growth capital firm LitCapital has signed an agreement to invest up to EUR3 million (approximately US$3.9 million) in Lithuanian optical technology company Altechna for a minority stake. Altechna manufactures and supplies products in the fields of general optics, optoelectronics and laser components, and the investment is intended to finance the purchase of additional technological equipment and increase in-house R&D… Read More
Leopard Cambodia Fund Invests in Engage Resources (Thailand) Co. (Asia)
Frontier markets investor Leopard Capital has invested in Engage Resources (Thailand) Co., a Thai producer and developer of kenaf-based products. Kenaf is a fibrous plant used in the animal feed, construction, and paper and pulp industries. The investment, which was structured through Leopard Cambodia Fund, is intended to allow Engage to continue product development and expand operations from Thailand to… Read More
CNEI Invests US$21 Million in Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. (Asia)
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$21 million in Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. (FDZJ), a Chinese biomedical company. FDZJ, listed on the Hong Kong Stock Exchange’s Growth Enterprise Market, engages in the research, development, manufacturing and sales of drugs and diagnostic products. CNEI structured the transaction through China New Enterprise Investment Fund II. Read More
LitCapital Signs Investment Agreement with Baltic Bicycle Trade (CEE and CIS)
LitCapital Asset Management, an independent private equity firm investing in expansion-stage Lithuanian companies, has signed an investment agreement with Baltic Bicycle Trade, a Lithuania-based manufacturer and retailer of electric bicycles. LitCapital will invest between LTL5 million and LTL10 million (US$1.9 million and US$3.8 million) into the company to finance technology development and brand building. Read More
Helion, Nexus Commit US$10 Million to Indian e-Commerce Player ShopClues.com (Asia)
India-focused early-stage venture capital firms Helion Venture Partners and Nexus Venture Partners, along with Teruhide Sato, CEO of Japan-based Netprice, have collectively invested INR540 million (US$10 million) in Indian e-commerce company ShopClues.com. Nexus Venture Partners previously invested INR200 million (US$3.7 million) in ShopClues.com in a prior round of funding. ShopClues.com is a platform that enables third-party merchants to sell low-cost… Read More
Oktogo Raises US$11 Million in New Funding (CEE and CIS)
Russia-based online hotel reservations service Oktogo has raised US$11 million in venture capital funding from VTB Capital, the investment arm of Russia’s VTB Group, France-based Ventech Capital, Luxembourg-based Mangrove Capital Partners and Russian internet entrepreneur Victor Sazhin’s eponymous investment group. Oktogo will use the funds to invest in brand building and regional development in Russia. Read More
Carlyle-backed Repco Home Finance Launches IPO (Asia)
Repco Home Finance (RHF), the housing finance unit of India-based Repco Bank, has launched an initial public offering on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of 15.7 million shares valued at up to INR2.7 billion (US$49.7 million). RHF is backed by private equity firms The Carlyle Group, Wolfensohn Capital Partners and Creador. RHF, which priced… Read More
W7 Brazil Capital and Atomico Invest BRL20 Million in Bebe Store (Latin America)
Brazilian private equity firm W7 Brazil Capital and global technology investment firm Atomico have invested BRL20 million (approximately US$10.2 million) in Bebe Store, a Brazil-based online baby and children’s products retailer. Bebe Store intends to use the funding to expand its product range, augment its management team and improve logistics capabilities. Atomico previously invested in Bebe Store in December 2011. Read More
TPG Investing US$5 Million in Flexituff (Asia)
Global investment firm TPG has agreed to invest INR270 million (approximately US$5 million) in Flexituff, an India-based bulk container manufacturer, via a preferential share issue. TPG, through its TPG Growth II platform, intends to purchase over 1.2 million equity shares in the Bombay Stock Exchange- and National Stock Exchange-listed company, equivalent to a 5.3 percent equity stake. Flexituff previously raised… Read More
Genesis Capital Acquires Majority Stake in HSW Signall (CEE and CIS)
Genesis Capital, a Czech Republic-based private equity firm, has acquired an 80 percent stake in Czech advertising and printing solutions provider HSW Signall. Genesis Capital, which made the investment from its Genesis Private Equity Fund II, acquired the stake from Neschen Benelux, HSW’s Netherlands-based supplier, and purchased an additional equity interest from minority shareholders. HSW plans to use Genesis’ investment… Read More