NBK Capital Partners, a firm focused on private equity and mezzanine investments in the Middle East and North Africa, has completed the realization of its mezzanine investment in Turkey-based pharmaceuticals company Dem Pharmaceutical. The transaction was structured through NBK Capital Mezzanine Fund I. NBK Capital initially invested in Dem Pharmaceutical… Read More
China-based parenting e-commerce website Lamabang has raised US$100 million in a Series C round of funding led by China-based online retailer Vipshop, with participation from venture capital firms Matrix Partners China and Morningside Technologies and asset management firm Greenwoods Asset Management. Lamabang raised US$20 million in Series B funding led… Read More
Brazil-focused private equity firm DLM Invista has agreed to purchase a minority stake in Brazil-based enterprise mobility solutions provider Navita. Navita previously received funding from venture capital firms Invest Tech and Intel Capital in 2009 and 2014, respectively. Financial details of the transaction were not disclosed. Read More
Enko Capital Managers, an Africa-focused asset management firm, has acquired a minority stake in Madison Financial Services, a Zambia-based insurance and financial services company. The transaction was structured through Enko Africa Private Equity Fund. Financial details of the transaction were not disclosed. Read More
Metier, a private equity and alternative asset firm, has completed a first close for Metier Capital Growth Fund II with an undisclosed amount of committed capital. Investors included South African institutional investors, as well as development finance institutions FMO and DEG. The fund will target mid-cap growth investment opportunities in… Read More
China-based medical device manufacturer Well Lead Medical, backed by China-focused investment firm JD Capital, has completed an initial public offering (IPO) on the Shanghai Stock Exchange, raising RMB385 million (approximately US$61 million) by issuing 25 million new shares at RMB15.4 (US$2.5) apiece. JD Capital, which invested an undisclosed amount in… Read More
Malaysia-based financial services group CIMB Group and Japan-based conglomerate Mitsubishi have held a first close for their joint fund ASEAN Industrial Growth Fund (AIGF) with US$130 million in capital commitments. Investors in the first close included Development Bank of Japan, Japan-based conglomerate Hitachi, steel manufacturer Yamato Kogyo and financial institutions… Read More
Latin America-focused private equity fund manager Tribeca Asset Management has fully exited Colombia-based Operador del Terminal de Carga Aeropuerto Internacional El Dorado, operator of Bogota CargoCity, the air cargo terminal at Bogota’s El Dorado International Airport. The investment returned US$56.5 million, resulting in a reported IRR of 22.9 percent and… Read More
Global growth markets investor The Abraaj Group, along with development finance institutions European Bank for Reconstruction and Development (EBRD), DEG and Proparco, has formed the North Africa Hospital Holdings Group (NAHHG), an Egypt- and Tunisia-focused healthcare investment platform. Abraaj contributed US$145 million to the platform, EBRD contributed US$25 million and… Read More
Global private equity firm Elixir Capital has led a round of financing for Malaysia-based online fashion retailer FashionValet. The transaction was structured through Elixir Capital’s ECM Straits Fund. The company intends to use the fresh investment to expand its mobile e-commerce presence, improve its big data strategies and costumer content… Read More
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