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
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$8.5 million in Chenzhou Yangtao Chemical, a China-based mine tailing and metallurgy waste treatment company. The transaction was structured through China New Enterprise Investment Fund II. The company intends to use the new investment for capacity expansion and… Read More
Global private equity firm Advent International has agreed to invest MXN800 million (approximately US$51 million) for a minority stake in Mexico-based retail banking company Grupo Financiero Mifel. Mifel will use the capital injection to strengthen its capital structure and support its goal of achieving continued growth in Mexico. The transaction… Read More
India-focused private equity fund manager IL&FS Investment Managers, Franklin Templeton Investments’ private equity arm Darby Private Equity and direct investment fund manager Asia Mezzanine Capital Group have exited their stakes in SFO Technologies, an India-based electronic manufacturing services company, to the company’s management. The three private equity firms previously invested… Read More
Hong Kong-based broadband Internet provider Hong Kong Broadband Network (HKBN) has completed an initial public offering (IPO). The company debuted on the Hong Kong Stock Exchange on 12 March and raised HKD5.8 billion (approximately US$750 million). Global fund of funds manager AlpInvest Partners, private equity and investment advisory firm CVC… Read More
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