L Capital Asia, an Asia-focused private equity fund manager backed by global luxury goods distributor LVMH Group, has purchased a minority stake in Saudi Arabia-based gourmet confectionery producer and restaurant chain Bateel. The company intends to expand to the rest of the Middle East, as well as to European markets… Read More
Private equity fund manager Phatisa has invested in Kenya-based General Plastics, a manufacturer of packaging products for the food, beverage and agro-chemical sectors. The company intends to use the capital injection to expand its operations across East Africa. Financial details of the transaction were not disclosed. Read More
Hedge fund Valiant Capital Partners has led a US$26 million Series D financing round for India-based BrainBees Solutions, owner of baby-focused e-commerce site FirstCry.com. Venture capital fund managers IDG Ventures India and SAIF Partners and Vertex Venture Holdings, the early-stage investment arm of Temasek Holdings, also participated in the round. Read More
Pan-African private equity firm AfricInvest, global growth markets investor The Abraaj Group and development finance institution Swedfund have entered into an agreement to sell their collective 37.3 percent stake in Kenya-based insurance provider UAP Holdings to Old Mutual Holdings, a wholly-owned subsidiary of insurance and banking group Old Mutual, for… Read More
Healthcare-focused private equity fund manager Quadria Capital has agreed to invest in Indonesia-based SOHO Global Health, a developer and manufacturer of natural medicine and over-the-counter products. Financial details of the transaction, which was structured through Quadria Capital Fund and is subject to corporate approvals and other customary closing conditions, were… Read More
Global private investment firm TPG has acquired a 25 percent stake in India-based healthcare service provider Manipal Health Enterprises for US$150 million. The deal was approved by the Competition Commission of India on 15 January. Manipal has been scaling its business through a mix of organic expansion and acquisitions in… Read More
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
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