Russia and CIS-focused private equity firm Baring Vostok Capital Partners and global private equity firm Capital Group Private Markets have fully exited their stakes in Russia-based auto leasing company Europlan as part of Russia-based lender B&N Bank’s 100 percent acquisition of the company. Capital Group’s exit was structured through Capital… Read More
India-focused private equity firm Zephyr Peacock India has partially exited its stake in India-based pre-engineered steel building manufacturer Pennar Engineered Building Systems in an initial public offering (IPO) on the National Stock Exchange and the Bombay Stock Exchange, returning INR892 million (approximately US$13.5 million) to Zephyr Peacock. Zephyr Peacock originally… Read More
India-based online lingerie retailer Zivame has raised a INR2.5 billion (approximately US$38 million) Series C investment round from venture capital fund Zodius Technology Fund and Government of Malaysia investment fund Khazanah Nasional Berhad. Venture capital firms IDG Ventures India, Unilazer and Kalaari Capital, all existing investors in the company, also… Read More
Mexico-focused venture capital firm DILA Capital has invested in Mexico-based online bus-ticketing platform Reserbus. The company seeks to develop a system to aggregate bus ticketing across Mexico’s independent bus operators. Financial details of the transaction were not disclosed. Read More
Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has invested US$15.8 million in Indo Trans Logistics Corporation (ITL), a Vietnam-based third-party logistics and warehousing company. The transaction was structured through Templeton Strategic Emerging Markets Fund IV, which is managed by the Templeton Emerging Markets Group of Templeton… Read More
Global private equity firm Warburg Pincus has led a US$45 million Series C funding round for Singapore-based cloud software company Capillary Technologies. Venture capital firms Sequoia Capital and Norwest Venture Partners, both existing investors in the company, also participated in the round. Capillary will use the fresh capital to expand… Read More
Africa-focused private equity infrastructure fund manager African Infrastructure Investment Managers (AIIM) has partnered with Hydroneo Afrique, a subsidiary of global hydro power plant equipment manufacturer MECAMIDI, to develop a pipeline of hydro power projects in Sub-Saharan Africa. AIIM and Hydroneo Afrique will establish a 50/50 joint venture to develop, finance,… Read More
Pan-emerging markets private equity firm Actis has acquired a minority stake in South Africa-based home furnishings retailer Coricraft Group. Other investors in the round included Westbrooke, a South Africa-based investment group, and Coricraft Group’s management. Coricraft intends to use the new capital to expand nationally and in Sub-Saharan Africa. Financial… Read More
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has exited its investment in Newpack, a Madagascar-based corrugated cardboard packaging company active in the Indian Ocean region. Adenia Partners originally invested in Newpack in June 2008, in a transaction structured through Adenia… Read More
West Africa-focused private equity fund manager Cauris Management has sold its stake in Benin-based mineral water bottler and distributor Eau Technologie Environnement (ETE) to Les Eaux Minérales d’Oulmès, a Morocco-based bottling and distribution company. The transaction was structured through Cauris Croissance, a fund managed by Cauris Management. The firm originally… Read More
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