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ADM Capital Provides US$50 Million Financing to Fund Acquisition of Talison Lithium (Asia)
Hong Kong-based investment firm ADM Capital, through its subsidiary Twenty Two Dragons, has invested US$50 million in a subsidiary of Chengdu Tianqi Industry Group Co. (Tianqi), a Chinese lithium products manufacturer. The investment is part of a financing package to fund Tianqi’s acquisition of Australian lithium mining company Talison Lithium. In addition to Twenty Two Dragon’s investment, Tianqi received a… Read More
Pepperfry.com Raises US$8 Million from Norwest Venture Partners (Asia)
U.S.-based venture capital firm Norwest Venture Partners (NVP) has invested US$8 million in Trendsutra Platform Services, the Indian company that owns and operates online retail website Pepperfry.com. Trendsutra intends to use the funding to increase the number of offerings on its website and to open more fulfillment centers, where orders are processed and filled. NVP previously invested US$5 million in… Read More
Gulf Capital Announces US$215 Million Third Close of Its Credit Fund (MENA)
United Arab Emirates-based alternative asset management firm Gulf Capital has announced the third close of its Gulf Capital Credit Opportunities Fund with US$215 million in committed capital. Launched in 2011, the fund has received commitments from institutional investors and family offices around the globe, including a US$20 million anchor investment from International Finance Corporation, the private sector development arm of… Read More
IFC and Azerbaijan Invest in Better Infrastructure in Emerging Markets (Pan-Emerging Markets)
International Finance Corporation (IFC), the private sector development arm of the World Bank Group, is raising a fund to invest in companies focused on power, transportation, utilities and telecommunications in emerging markets. The IFC Global Infrastructure Fund has raised US$500 million to date from institutional investors, including a US$100 million commitment from IFC and a US$150 million commitment from the… Read More
I.Systems Gets Capital Injection from Fundo Pitanga (Latin America)
Fundo Pitanga, a Brazilian private equity fund, has invested in Brazilian industrial automation systems developer I.Systems. I.Systems has developed a tool to improve the performance of current industrial automation software, and intends to use the funding to market its product in Brazil and abroad. Financial details of the transaction were not disclosed. Read More
TNT Express Sells Domestic Road Business in China (Asia)
Chinese private equity firm CITIC Private Equity has purchased Hoau, the Chinese subsidiary of Dutch road services company TNT Express. Hoau operates a domestic road distribution network with about 1,500 depots, covering more than 600 cities throughout China. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Read More
TPG Completes Take-Private of China’s ShangPharma Corporation (Asia)
Global investment firm TPG has participated in the US$173 million privatization of China’s ShangPharma Corporation. ShangPharma is a pharmaceutical and biotechnology research and development outsourcing company previously listed on the New York Stock Exchange. TPG originally invested US$35 million in ShangPharma in 2007, and partially exited the company following ShangPharma’s 2010 initial public offering. TPG reportedly contributed up to US$25… Read More
Ostrovok.ru Raises US$25 Million from Investment Consortium (CEE and CIS)
Global venture capital firm General Catalyst Partners has led a US$25 million investment in Russian online travel services company Ostrovok.ru. The company intends to use the investment to fund the development of new and existing products, including a service to book hotels on partner websites. Additional participants in the financing round included venture capital firms Accel Partners and Frontier Ventures. Read More
Clube de Autores Receives Capital Injection from FIR Capital Partners (Latin America)
Brazil-focused private equity firm FIR Capital Partners has invested in Clube de Autores, an online book printing service based in Brazil that targets independent authors. Clube de Autores’ software connects authors with printing companies, and the company plans to also market its software for online sales and management of orders and printing to traditional publishers. Financial details of the transaction… Read More
Navis Invests in Strateq Group (Asia)
Asia-focused private equity firm Navis Capital Partners has invested in Malaysian information technology services company Strateq. Navis, alongside the Strateq management team, purchased a 54.8 percent stake from Malaysian investment firm Kencana Capital Assets and also invested new growth capital into the company. Financial details of the transaction were not disclosed. Read More
Moller y Pérez-Cotapos Raises US$92 Million in IPO (Latin America)
Moller y Pérez-Cotapos (MPC), a Chilean construction company backed by international private equity investor CVCI Private Equity, has raised approximately US$92 million through an initial public offering on the Santiago Stock Exchange. The offering totaled 105 million shares, including a primary offer from MPC and a secondary offering of shares owned by CVCI Growth Partnership II fund. The secondary offering… Read More
Mediterra Capital Raises EUR164 Million Private Equity Fund for Turkey (CEE and CIS)
Turkey-focused private equity firm Mediterra Capital has confirmed the final closing of its first private equity fund, Mediterra Capital Partners I, with EUR164 million (approximately US$213 million) in commitments. The fund raised capital from institutional investors including development finance institutions, funds of funds and asset management companies, as well as Turkish industrialist families and entrepreneurs. The final close of the… Read More