Global investment firm KKR has backed India-based conglomerate Astarc Group in support of Astarc Group’s buyback of a 51 percent stake in its subsidiary Classic Stripes from Asia-Pacific-focused private equity firm Navis Capital Partners. The deal was reportedly valued at INR3.6 billion (approximately US$54 million). Established in 1987, Classic Stripes… Read More
Private equity advisory firm Jacob Ballas Capital India has partially exited its investment in India-based infrastructure construction company PNC Infratech, selling a 2.6 percent stake on the Bombay Stock Exchange. Jacob Ballas sold 1.3 million shares and is estimated to have returned INR670 million (approximately US$10 million). Post-transaction, Jacob Ballas… Read More
Global investment firm Tiger Global, venture capital firm IDG Ventures India and individual investor Yuri Milner have led a US$30 million Series C round for India-based online rental property manager NestAway. The company, which acts as an agent for homeowners looking to rent out their homes, plans to use the… Read More
Global growth markets investor The Abraaj Group is leading a consortium of investors in a US$30 million funding round for Singapore-based Ninja Logistics, operator of last-mile logistics company Ninja Van. Other participants in the round include venture capital firm Monk’s Hill Ventures, growth stage investment firm B Capital Group and… Read More
ARX Equity Partners, a private equity investor focused on mid-sized companies in CEE, has sold its stake in Slovenia-based plastic components producer Tomplast to funds managed by Finnish investment manager KJK Capital. ARX, which originally invested in Tomplast in 2007, reported a 4.1x cash-on-cash return multiple and an IRR exceeding… Read More
Global private equity firm TPG has led a US$210 million financing round for India-based microfinance institution Janalakshmi Financial Services. Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia, India-based electrical equipment company Havells India and individual investor Vallabh Bhansali also participated in the round. The investment consisted of US$150 million… Read More
Mid-market private equity firm Innova Capital has invested in Poland-based advertising and marketing technology firm Netsprint. The investment consisted of both a capital increase and an acquisition of shares from Poland-based holding company Dirlango. With Innova Capital’s support, Netsprint hopes to expand into other markets and to increase the scale… Read More
Poland-based private equity and venture capital firm Enterprise Investors (EI) has agreed to acquire 100 percent of Romania-based toys and games retailer Noriel Group from the Constantinescu family—Noriel’s founding entrepreneurs—and CEE-focused investment manager Axxess Capital’s Balkan Accession Fund. The transaction will be structured through EI’s Polish Enterprise Fund VII. As… Read More
Philanthropic investment firm Omidyar Network has led a seed financing round in Giraffe, a South Africa-based company that operates an automated mobile recruitment app matching businesses with medium-skilled jobseekers. Omidyar will support the expansion of Giraffe’s platform and reach within the country. Financial details of the transaction were not disclosed. Read More
Africa-focused investment management firm Convergence Partners and Stockdale Street—a firm representing the Oppenheimer family’s South African private equity portfolio—have acquired 100 percent of South Africa-based software-as-a-service platform e4. Convergence Partners structured its contribution through its Communications Infrastructure Fund. With support from the new investors, e4 plans to accelerate its growth… Read More
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