Global asset manager PineBridge Investments has partially exited National Stock Exchange- and Bombay Stock Exchange-listed specialty hospital chain Narayana Health (formerly Narayana Hrudayalaya) via the sale of a 1.3 percent stake for a reported INR900 million (approximately US$13.2 million). Narayana has a network of 23 hospitals and seven heart centers… Read More
Russia and CIS-focused private equity firm Baring Vostok Capital Partners, along with Stockholm Stock Exchange-listed investment company Vostok Emerging Finance (VEF), has agreed to invest up to US$20 million in Russia-based retail payment solutions specialist Revo Technologies and digital marketing services provider Sorsdata. VEF had previously invested in the two… Read More
Global investment firm KKR has invested INR4 billion (approximately US$59 million) in the promoter family of India-based TVS Logistics via a long-term structured credit partnership. The promoters of TVS plan to use the funds to buy the company’s shares from private equity funds. KKR originally invested in TVS Logistics in… Read More
Central and Eastern Europe-focused private equity fund manager Resource Partners has reached a first close for Resource Eastern European Equity Partners II (REEEP II) with EUR100 million (approximately US$106 million) in capital commitments. The close took place in December 2016. Investors in the fund include development finance institutions the European… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital, has led a Series B round of CNY100 million (approximately US$14.6 million) for China-based fintech company Samoyed Financial. Yonghua Capital, an investment firm of China-based financial services group Yonjiin Group, also participated in the round. Founded in 2015, Samoyed provides… Read More
Global growth markets investor The Abraaj Group has acquired a majority stake in Chile-based home design and decorations company Casaideas. The company currently operates over 50 stores in Chile, Peru and Bolivia, and it will focus on expanding product availability through the launch of an e-commerce platform. Financial details of… Read More
Global private equity firm Warburg Pincus has acquired a 14 percent stake in National Stock Exchange- and Bombay Stock Exchange-listed cinema multiplex operator PVR for approximately INR8.2 billion (approximately US$120 million). Warburg Pincus acquired the stake from affiliates of India-focused private equity firm Multiples Alternate Asset Management (Multiples PE) and… Read More
India-focused venture capital firm Nexus Venture Partners has led a Series A round of US$5 million for India-based managed accommodations platform Zolo. The funding round also included venture debt from Asia-focused venture lending firm InnoVen Capital. Zolo plans to use the funds to increase its number of beds under management… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a 49.9 percent stake in South Africa-based emerging markets-focused credit rating agency Global Credit Ratings. The company serves customers across 20 countries, focusing on insurance, financial institutions, corporate and public sector entities and structured finance. Carlyle will invest through… Read More
Global private investment firm TPG and China-focused investment firms Jeneration Capital and China Vision Capital have led an investment of US$500 million in China-based used-car trading platform Uxin. Other investors in the round include Warburg Pincus, KKR, Tiger Global Management, Hillhouse Capital, Huasheng Capital and an investment fund managed by… Read More
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