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
African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments, has acquired a 60 percent effective interest in Tanzania-based dry bulk terminal operator DSM Corridor Group Tanzania (DCG). AIIM invested through strategic holding company African Ports and Corridors Holdings, which will facilitate the acquisition of further terminals and… Read More
Global alternative asset manager The Carlyle Group has acquired a minority stake in Brazil-based FS, a technology solutions provider active in digital security, cloud services, insurance, specialized technical support, mobile learning and interactive services. Carlyle invested through Carlyle South America Buyout Fund and Carlyle Peru Fund. Financial terms of the… Read More
China-focused private equity firm CDH Investments has partially exited its stake in China-based pork producer WH Group via a distribution in kind to applicable investors of 537.2 million shares representing a 3.7 percent stake in the company. The shares are worth approximately HKD3.36 billion (approximately US$433 million). CDH continues to… Read More
Hyundai Commercial, an affiliate of South Korea-based Hyundai Motor Group, and a private equity consortium led by Asia-focused fund manager Affinity Equity Partners have agreed to acquire a combined 43 percent stake in South Korea-based Hyundai Card Company from General Electric. Hyundai Commercial and the Affinity-led consortium, which includes Singaporean… Read More
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