UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management, has acquired a minority stake in E-COM, a Russia-based provider of business process automation services in the retail sector. UFG invested from UFG Private Equity Fund III. E-COM intends to work with UFG… Read More
MC Payment, a Singapore-based financial technology company, has raised SGD6 million (approximately US$4.4 million) in a Series B funding round led by Asia-focused private equity firm ESW Manage and private investment firm DZW Capital. Private equity firm Golden Equator Capital also participated in the round. MC Payments plans to use… Read More
India-focused private equity firm Paragon Partners has led an INR1.1 billion (approximately US$16.5 million) investment in India-based manufacturer and supplier of high-precision engineering components Maini Precision Products. Investors in Paragon’s fund also co-invested in the deal. The transaction included both a primary investment and a secondary component, which provided an… Read More
China-focused private equity firm CDH Investments has agreed to sell a 10.62 percent stake in China-based pork producer WH Group for approximately HKD9.3 billion (approximately US$1.2 billion) on the Hong Kong Stock Exchange. CDH continues to hold a 19.77 percent stake in the company. The firm sold 880 million shares… Read More
Mexico-focused private equity firm Alta Growth Capital has invested in two Mexico-based companies: Grupo Industrial Artes Graficas (AGH), a manufacturer of labels for consumer products packaging, and Grupo Bienestar (GEB), a fitness center operator. AGH plans to use the additional capital to fund an expansion of installed capacity in the… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has acquired a 20 percent stake in Malaysia-backed make-up producer and distributor Alliance Cosmetics Group for MYR61.8 million (approximately US$15.4 million) from Malaysian government-backed private equity firm Ekuinas. In addition to its in-house trademark brand SilkyGirl, Alliance Cosmetics Group distributes global brands… Read More
India-focused private equity firm ChrysCapital has participated in an INR3.64 billion (approximately US$54 million) pre-IPO investment in India-based lender RBL Bank. ChrysCapital invested INR190 million (approximately US$2.8 million). Other investors in the round included Azim Premji’s private investment arm PremjiInvest and Government Pension Fund Global, the Norwegian sovereign wealth fund. Read More
Global growth private equity firm TA Associates has invested in a US$140 million round for a reported 30 percent to 35 percent stake in India-based women’s apparel platform TCNS Clothing Company, allowing existing shareholder Matrix Partners to sell a 20 percent stake in the company. With TA Associates’ support, TCNS… Read More
Latin America-focused private equity firm Southern Cross Group has agreed to acquire a controlling stake in Mexico-based IT consulting company Intellego. Established in 1999, Intellego operates in Mexico, Guatemala, Ecuador, Peru, Chile, Argentina and Brazil. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Read More
Development finance institution International Finance Corporation (IFC) has led a US$15 million Series B round for South Africa-based financial technology company Zoona. Other participants in the round included financial services-focused venture capital firm Quona Capital, philanthropic investors Omidyar Network and the Lundin Foundation, South Africa-focused venture capital firm 4Di Capital… Read More
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