CEE and CIS-focused mid-market private equity firm Abris Capital Partners has agreed to invest in the Pehart group of companies, a producer of tissue paper in Romania and Southeastern Europe. As part of the transaction, development finance institution European Bank for Reconstruction and Development will entirely exit its stake in… Read More
India-based digital cinema distribution company UFO Moviez has completed an initial public offering (IPO) on the Bombay Stock Exchange and the National Stock Exchange, providing partial exits for international investment firm 3i Group and private equity firm Providence Equity Partners. UFO Moviez raised INR6 billion (approximately US$94 million) in the… Read More
Venture capital firm Nexus Venture Partners has closed Nexus India Capital IV, the firm’s fourth early-stage venture fund, with US$304 million in capital commitments. In addition, the firm has raised US$130 million for a top-up fund focusing on later-stage investments in existing portfolio companies. Commitments for the two vehicles reportedly… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$15 million in Guanghua Education Group (GH Education), a China-based private school operator. The transaction was structured through CNEI Fund II. GH Education intends to use the capital to set up new schools and campuses, as well as… Read More
Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has led a EUR81.7 million (approximately US$92 million) investment in Poland-based EasyPack, an operator of parcel locker networks, with the option to participate in a future follow-on investment. The transaction was structured though Templeton’s Strategic Emerging Markets Fund IV. Read More
Infrastructure investment firm African Infrastructure Investment Managers (AIIM) and Africa-focused power developer Joule Africa have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in power projects being developed by Joule Africa. Joule Africa’s current development interests include Bumbuna II, a hydro-electric project… Read More
Pan-emerging markets private equity firm Actis has agreed to sell its majority stake in India-listed automobile light manufacturer Phoenix Lamps to India-listed automobile cable manufacturer Suprajit Engineering for up to INR1.5 billion (approximately US$24 million). Actis will sell a 51 percent stake for INR1.2 billion (approximately US$20 million), and then,… Read More
Egypt-based laboratory diagnostics company Integrated Diagnostics Holdings (IDH) has completed an initial public offering (IPO) on the London Stock Exchange, facilitating a partial exit for global growth markets investor The Abraaj Group. IDH sold 65 million shares priced at US$4.45 per share, raising around US$290 million. The issue returned around… Read More
China-based provider of mobile designated driving services eDaijia has completed a US$100 million Series D financing round led by global private equity firm Warburg Pincus and venture capital firms Matrix Partners and Lightspeed Venture Partners. The company had previously completed a US$25 million Series C funding round, in which Matrix… Read More
Anthem Asia, a Myanmar-focused investment and advisory group, has acquired a minority stake in Xavey, a Myanmar-based mobile data collection platform. Xavey intends to use the investment to accelerate its marketing and product development. Financial details of the transaction were not disclosed. Read More
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