China-focused private equity and venture capital firm CDH Investments has invested in Aver Asia, a Singapore-based equipment leasing company. The company, which has branch offices in Malaysia, Indonesia and Myanmar, provides equipment such as aerial lifts, compressors, generators, winches and forklifts to customers across Southeast Asia. Aver Asia plans to… Read More
Venture capital firm IDG Ventures India and seed stage investment firm Outbox Ventures have participated in a pre-Series A round of funding for India-based Tripoto, an operator of a travel website. The funds will be used for developing Tripoto’s mobile presence and expanding globally. Financial details of the transaction were… Read More
Pan-African private equity firm AfricInvest has entered into an agreement with Elephant Group, a Nigeria-based agricultural commodities trading, production, processing, marketing and distribution company, to acquire a minority stake in the company. Elephant Group intends to use the funding to increase its market share in commodities trading and expand its… Read More
Creador, a private equity firm focused on Indonesia, Malaysia, Singapore and India, has invested IDR290 billion (approximately US$24 million) for a 20 percent stake in Indonesia-based lender Bank Index Selindo. The investment will raise the bank’s core capital to IDR900 billion (approximately US$69 million). Bank Index hopes to begin providing… Read More
International private equity investment firm ACON Investments has completed an investment in BetterWare de México, a Mexico-based seller of home organization products. The transaction was structured through ACON Latin America Opportunities Fund IV. Financial details of the transaction were not disclosed. Read More
Global Capital Management, the alternative asset management arm of Global Investment House, has acquired a 70 percent stake in Olgarlar Group, a Turkey-based retailer of sports clothing and equipment, which operates under the name SPX. The investment was structured through Global Capital Management’s GMFA Fund. SPX will use the new… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has invested INR527.8 million (approximately US$8.4 million) in India-listed lender South Indian Bank for a 1.5 percent stake in the company. ChrysCapital purchased 20.5 million shares at INR25.75 (approximately US$0.41) apiece through its investment vehicle Lavender Investments. Read More
Global investment firm KKR, China-based search engine operator Baidu and investment management firm Coatue Management have invested US$170 million in Uxin, a China-based online used car auction company. KKR’s investment was structured through its China Growth Fund. Uxin will use the new funding to expand its business-to-consumer platform Uxin Used… Read More
ARX Equity Partners, a private equity investor focused on mid-sized companies in Central and Eastern Europe, has acquired a 100 percent stake in Slovenia-based healthcare services provider Diagnostični Center Bled (DCB). ARX Equity Partners acquired the company with the intention to consolidate and grow DCB’s position in Slovenia’s diagnostics sector. Read More
Venture capital firm IDG Ventures India has led an INR80 million (approximately US$1.3 million) investment in India-based online apartment rental platform NestAway, with participation from a number of angel investors. The company will use the new investment to launch operations in the New Delhi area and Pune. Read More
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