Brazil-focused investment firm Valor Capital Group has led a BRL5 million (approximately US$2 million) Series A financing round for Brazil-based SontraCargo, a mobile application for courier delivery services. The company, founded in May 2014, intends to use the capital injection to expand its number of truck drivers and couriers and… Read More
Central and Eastern Europe-focused private equity firm 3TS Capital Partners has invested EUR5.5 million (US$6.4 million) in Czech Republic-based online fashion retailer Zoot, taking a minority stake via a Dutch holding company. The company will use the investment to broaden its product offerings and expand its network of physical locations… Read More
China-focused private equity firm CITIC Private Equity Funds Management has backed China-based Ele.me in a US$350 million Series E financing round, with participation from venture capital firm Sequoia Capital China, media and technology group Tencent Holdings, e-commerce company JD.com and restaurant review site Dianping.com. Ele.me operates an online food ordering… Read More
Global investment bank Goldman Sachs and India-focused investor Zodius Capital have led a financing round of up to US$56 million for Singapore-based data solutions provider Antuit Holdings. The funding will support the company’s global expansion through organic growth and acquisitions. Read More
Private equity firm Bain Capital has completed its exit from China-based electrical appliance retailer Gome Electrical Appliances Holding, selling its remaining shares for about HKD1 billion (approximately US$137 million). Bain Capital originally invested in the company in June 2009. Read More
L Capital Asia, the Asian private equity business sponsored by global luxury goods distributor LVMH Group, has reportedly invested more than US$100 million in China-based Sasseur Cayman Holding, the operator of four outlet malls. The transaction was structured through L Capital Asia 2. Private equity firm Warburg Pincus also participated… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its investment in China-based Shayne International Holdings, a manufacturer and exporter of high-end upholstered furniture and leather apparel. Darby originally invested in the company in 2006 through Darby Asia Mezzanine Fund II. Financial details of the transaction… Read More
South Africa-focused fund manager Ethos Private Equity has acquired a majority stake in South Africa-based automotive parts retailer AutoZone. The transaction was structured through Ethos Fund VI. As part of the transaction, Ethos acquired the stake held by RMB Corvest, the private equity arm of Rand Merchant Bank and Zico… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has partially exited India-listed IT company Cyient, formerly known as Infotech Enterprises. ChrysCapital returned around INR800 million (approximately US$13 million) through open market transactions, resulting in a reported 3x return on its original May 2013 investment. Read More
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has provided a EUR13.5 million (approximately US$15.6 million) mezzanine loan to Turkey-based Uğurlu Cam, a specialized glass products manufacturer. Uğurlu intends to use the capital to support its organic growth and fund prospective acquisitions. Read More
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