Russia- and CIS-focused private equity firm Baring Vostok Capital Partners has sold its stake in Russia-based cinema chain Karo to UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management. Both Baring Vostok and UFG were part of a consortium of investors that… Read More
Latin America-focused private equity firm Kandeo has reportedly acquired Peru-based automotive lender Acceso Crediticio for US$51 million. The transaction represents Kandeo’s first investment in Peru. Read More
Russia and CIS-focused private equity firm Baring Vostok Capital Partners has led a US$5.5 million funding round for Russia-based Doc+, a company that allows people to call doctors to their homes via a mobile application. Russia-based internet services company Yandex also participated in the round. Doc+ will use the capital… Read More
A consortium of investors has completed an INR2.25 billion (approximately US$34 million) financing round for India-based specialty lender Suryoday Microfinance. As part of the transaction, India-focused private equity firm Aavishkaar has fully exited the company and India-focused impact investment firm Lok Capital has partially exited its stake. Investors in the… Read More
BOV Capital, a Sri Lanka-focused venture capital firm, has reached an initial close for its first fund with INR300 million (approximately US$4.5 million) in capital commitments. Investors in the fund, which has an INR1 billion (approximately US$14.9 million) target, include a number of Indian high net-worth individuals and additional investors… Read More
China-focused investment firm IDG Capital Partners has reached a final close for IDG Capital Fund III with US$1 billion in capital commitments. The fund, which was raised in partnership with United States-based venture capital investor Breyer Capital, will focus on investing in technology, media and telecommunications, health care, energy and… Read More
FIR Capital BZPlan, a partnership between Brazil-focused private equity firms FIR Capital Partners and BZPlan, has sold its stake in Brazil-based freight management company Axado to Argentina-based e-commerce company Mercado Libre for BRL26 million (approximately US$7.9 million). FIR Capital BZPlan originally invested in the company in 2013 in a transaction… Read More
Vietnam-focused private equity firm Mekong Capital has invested US$6.9 million in Vietnam-based restaurant chain Wrap & Roll. The transaction was structured through Mekong Enterprise Fund III. Wrap & Roll, which currently operates 11 restaurants in Vietnam and four franchise locations in Singapore, plans to work with Mekong to grow internationally. Read More
Brookfield Asset Management has reached a final close for Brookfield Infrastructure Fund III with US$14 billion in capital commitments. Investors in the fund include public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices, as well as Brookfield itself, which committed US$4 billion. The fund… Read More
China Logistics Property Holdings, which is backed by global alternative asset manager The Carlyle Group and Asia-focused private equity firm RRJ Capital, has completed an initial public offering (IPO) on the Hong Kong Stock Exchange, raising approximately HKD3.4 billion (approximately US$434 million). The company will use approximately 15 percent the… Read More
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