Vietnam-focused private equity firm PENM Partners has sold a 30 percent stake in European Plastics Window Company—a Vietnam-based door, window and partition manufacturer that markets under the Eurowindow brand—to Japan-based sliding door manufacturer Bunka Shutter. PENM Partners originally invested in the company in 2007 and made a follow-on investment in… Read More
AION Capital Partners, a joint venture between private equity firms ICICI Venture and Apollo Global Management, has agreed to back a consortium of former GE Capital executives to acquire GE Capital’s India commercial lending and leasing businesses, namely GE Capital Services India and GE Money Financial Services. The transaction will… Read More
Global private equity firm Warburg Pincus has agreed to sell a 16 percent stake in China-based biopharmaceutical company China Biologic Products for US$425.7 million via a secondary offering on the NASDAQ Stock Market. Warburg Pincus originally invested in the company in 2010 in a transaction structured through Warburg Pincus Private… Read More
Mid-market private equity firm Innova Capital has sold Romania-based payments processing company Provus Group to Germany-based electronic payments company Wirecard. According to Wirecard, the compensation owed within the scope of this transaction was EUR32 million (approximately US$35 million) in cash payments. Innova originally acquired the company in 2011. Read More
United Arab Emirates-based online marketplace Souq.com has raised US$275 million from global investment firm Tiger Global Management, South Africa-based internet and media company Naspers, Standard Chartered Bank’s private equity arm Standard Chartered Private Equity (SCPE), development finance institution International Finance Corporation (IFC) and global investment management firm Baillie Gifford. SCPE… Read More
Pan-emerging markets private equity firm Actis has sold its minority stake in China-based budget and mid-range hotel chain Plateno Hotel Group to China-based hotel group Shanghai JinJiang International Hotels (JinJiang Hotels). The transaction took place as part of JinJiang Hotels’ acquisition of an 81 percent stake in Plateno at an… Read More
Mail.ru Group, a London-listed internet access service company headquartered in Russia, has agreed to sell Russia-based online recruitment website HeadHunter to a consortium of investors led by Russia and CIS-focused private equity firm Elbrus Capital for RUB10 billion (approximately US$131 million). The amount will be paid in two tranches before… Read More
Private equity firm Multiples Alternate Asset Management (Multiples PE) and two investment entities co-owned by pension funds Canada Pension Plan Investment Board (CPPIB) and PGGM and development finance institution CDC have invested INR850 million (approximately US$12.4 million) for an additional 2.6 percent stake in India-listed multiplex theater chain operator PVR. Read More
Technology-focused venture capital firm Amadeus Capital Partners has invested US$2 million in South Africa-based digital insurance distributor Hepstar. The transaction was structured through Amadeus’s Digital Prosperity Fund. Hepstar will use the new capital to expand globally, accelerate technology development and grow its brand. … Read More
Global private equity firm Warburg Pincus has agreed to invest US$220 million in China-based industrial facilities developer and operator D&J Industrial Property Investment (D&J China) along with D&J China’s founder Mr. Sun Dongping. Warburg Pincus will structure its contribution through Warburg Pincus Private Equity X. D&J China, the second platform… Read More
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