Global private equity firm Warburg Pincus has led a US$100 million Series D round for Yunniao.me, a China-based online-to-offline courier service. Existing investors Matrix Partners and GSR Ventures also participated in the round. Yunniao plans to use the new capital for technology development, service quality improvement and geographic expansion. … Read More
India-focused private equity fund manager Lighthouse Funds has fully exited its stake in cookies maker Unibic Foods India to India-focused private equity firm Peepul Capital. Peepul, which was a majority shareholder in the company prior to the transaction, increased its stake in the company to 97.6 percent through the investment. Read More
Brazil-focused private equity firm Gávea Investimentos sold shares worth BRL690 million (approximately US$221 million) in Brazil-based medical laboratory Instituto Hermes Pardini in the company’s IPO on Novo Mercado, a segment of BM&F BOVESPA. Gávea originally acquired a 30 percent stake in the company in 2011 through GIF IV. Read More
Africa-focused private equity firm Development Partners International (DPI) has sold its 27.7 percent stake in Ghana-listed CAL Bank to Arise, a financial services investment company backed by major shareholders are development finance institutions Norfund and FMO and financial services group Rabobank. DPI originally invested in CAL Bank in 2012 through… Read More
Central and Eastern Europe-focused private equity firm Mid Europa Partners has agreed to sell Slovakia-based laboratory testing services company Alpha Medical to Unilabs, a Switzerland-based diagnostic services company backed by private equity firm Apax Partners. Mid Europa originally acquired a 100 percent stake in Alpha Medical in October 2012 through… Read More
Food Union Group, a Latvia-based group of dairy and ice cream producing companies, has raised EUR214 million (approximately US$225 million) from Asia-focused alternative investment management firm PAG and private equity investment group Meridian Capital, an existing shareholder in the company. PAG invested EUR161.6 million (approximately US$170 million), while Meridian invested… Read More
Venture capital firm B Capital Group and EDBI, the corporate investment arm of Singapore Economic Development Board, have led a Series B round of US$25 million for Singapore-based health technology startup CXA Group. Netherlands-based technology company Philips and RGAx, a subsidiary of Reinsurance Group of America, also participated in the… Read More
Investec Bank has led a US$19.5 million round for Singapore-based Trax Image Recognition. Trax has developed a computer vision platform that turns retail shelf images into real-time insights for manufacturers and retailers. The company plans to use the funds to expand its global operations with a focus on products and… Read More
United States-listed packaging materials company Avery Dennison has agreed to acquire China-based YongLe Tape Company, a manufacturer of specialty tapes and related products, from Asia-focused private equity fund manager ShawKwei & Partners and the company’s management for US$190 million. The purchase price is subject to customary adjustments, including additional earn-outs… Read More
India-focused venture capital firm Stellaris Venture Partners has held a first close for its maiden fund with US$50 million in capital commitments. Investors in the fund include software services company Infosys, as well as financial institutions, corporate investors, entrepreneurs and family offices in the United States, Europe and Asia. The… Read More
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