Brazil-based medical diagnostic company Centro de Imagem Diagnosticos (Alliar) has raised a total of BRL766 million (approximately US$243 million) in its IPO on Novo Mercado, a segment of BM&F BOVESPA. Alliar is backed by Brazil-focused private equity firm Patria Investimentos and Kinea, the alternative asset management arm of Brazil-based bank… Read More
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has agreed to invest in Singapore-based restaurant operator Paradise Group. Founded in 2008, Paradise Group runs more than 60 outlets in Southeast Asia, China, Hong Kong, Japan, Dubai and the United Kingdom. Financial details of the… Read More
Private equity firms Cinven, Permira and Mid Europa Partners have agreed to acquire Poland-based online marketplace Allegro Group from Johannesburg-listed internet and entertainment group Naspers for US$3.25 billion. Allegro Group, which was established in 1999, has more than 20 million registered users and carries out 14 million transactions monthly. The… Read More
Private equity advisory firm Jacob Ballas Capital India has acquired a one percent stake in India-listed theme parks operator Adlabs Entertainment for an estimated INR70 million to INR80 million (approximately US$1 million to US$1.2 million). Jacob Ballas invested through NYLIM Jacob Ballas India Holdings IV. Adlabs Entertainment, which had previously… Read More
Global growth markets investor The Abraaj Group has acquired a minority stake in Nigeria-based fertilizer manufacturer Indorama Fertilizers. With support from Abraaj, Indorama Fertilizers plans to develop its management team, build its network, expand capacity and diversify its product line. Financial details of the transaction were not disclosed. Read More
Asia Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has acquired a 26 percent stake in Thailand-based baby and adult diaper manufacturer DSG International Thailand for THB1.61 billion (approximately US$46 million). MSPEA, which invested through North Haven Private Equity Asia IV (formerly known as MSPEA IV), intends to… Read More
United Arab Emirates-based online travel agency HolidayMe has raised a US$7 million Series A Round from global venture capital firm Accel Partners and Saudi Arabia-based investors F&C Overseas Investment and Al Sanie Group. HolidayMe plans to use the new capital to further scale its technology, accelerate customer growth, make key… Read More
China-based online-to-offline bike sharing platform Ofo has completed a US$130 million Series C round across two tranches. China-based ride-hailing app operator Didi Chuxing led the initial tranche, while U.S.-based alternative investment fund manager Coatue Management, China-based smart phone maker Xiaomi, private equity firm CITIC Private Equity and venture capital firm… Read More
East Africa-focused private equity firm Catalyst Principal Partners has acquired a controlling stake in Tanzania-based pharmaceutical manufacturer Zenufa Laboratories. Established in 2005, Zenufa produces over-the-counter and prescription medicines for the Tanzanian market under brands including Zenadol, Zenkof, Zn-vital and Dr. Cold. Financial details of the transaction were not disclosed. Read More
Accion Venture Lab, the early-stage investment vehicle of financial inclusion-focused investor Accion, has led a financing round for South Africa-based online lending platform Lulalend. Impact investor Newid Capital and investment holding company Hallman Holding International Investment also participated in the round. Lulalend will use the new capital to expand its… Read More
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