Czech Republic- and Slovakia-focused private equity firm Genesis Capital has acquired a 75 percent stake in Czech Republic-based Quinta-Analytica, a commercial services provider for the pharmaceutical, biotechnology and generic drug industries. Financial details of the transaction, which was structured through Genesis Private Equity Fund III, were not disclosed. Read More
Venture capital firm Accel Partners has led a US$1.7 million seed financing round for Egypt-based provider of software bug reporting tools Instabug. A series of angel investors also participated in the round. Instabug, which was part of seed accelerator Y Combinator’s Winter 2016 batch, plans to use the capital to… Read More
Philanthropic investment firm Omidyar Network, asset manager Developing World Markets (DWM) and European lender Triodos Bank’s investment arm Triodos Investment Management have invested INR510 million (approximately US$7.6 million) in India-based venture debt lender Jain Sons Finlease, which operates under the IntelleGrow brand. Omidyar invested INR150 million (approximately US$2.2 million), while… Read More
Global investment firm KKR has agreed to invest US$81.2 million for a 10.44 percent stake in Indonesia-based agricultural supplier Japfa’s major subsidiary Japfa Comfeed Indonesia. The investment, which will be structured through KKR’s Asian Fund II, involves a private placement and a share sale. Both are part of an overall… Read More
Mexico-focused private equity firm Nexxus Capital has agreed to invest in Mexico-based Fondo de Transporte México, a holding company focused on the logistics, cargo, personnel and student transportation sectors. The transaction will be structured though Nexxus Capital VI. Financial details of the transaction, which is pending certain closing conditions including… Read More
Private equity group EQT has sold its 30 percent stake in China-based aluminum die casting manufacturer Modern Metal and Precision Holdings to China-focused investment firm JD Capital. Modern Metal's founders have also sold a 49 percent stake in the company to JD Capital. EQT originally invested in the company in… Read More
North Africa-focused private equity firm Mediterrania Capital Partners has invested in Morocco-based IT business system integrator MedTech Group. The transaction was structured through Mediterrania Capital II. MedTech operates in the software, hardware and middleware infrastructure, payment solutions, and telecom and network systems sectors. Financial details of the transaction were not… Read More
Middle East-focused alternative asset manager Gulf Capital has reached a third close for its second private debt fund, GC Credit Opportunities Fund II, with US$222.5 million in capital commitments. The fund previously held a second close in May with US$202.5 million in commitments. Investors in the fund included development finance… Read More
Global private equity firm Providence Equity Partners has sold a 3.47 percent stake in Bombay Stock Exchange and the National Stock Exchange-listed telecommunication service provider Idea Cellular for INR1.38 billion (approximately US$204 million) via an open market sale. Providence, which originally invested in Idea Cellular in 2006, holds a remaining… Read More
Global private equity firm Warburg Pincus has agreed to sell a 10.4 percent stake in NASDAQ-listed blood plasma-based biopharmaceutical company China Biologic Products in an underwritten public offering. Warburg Pincus, which originally invested in Biologic through Warburg Pincus Private Equity X, will sell 2.78 million shares. The offering is expected… Read More
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