Global growth private equity firm TA Associates has invested a reported US$50 million in India-based software company RateGain. RateGain provides revenue management and distribution channel management software and real-time pricing data and analytics to help businesses streamline operations and sales, primarily serving the hotel industry. With the new capital, the… Read More
Japan-based telecommunications company SoftBank Group has led a US$600 million Series D financing round for China-based Travice, the operator and developer of mobile taxi booking app Kuaidi Dache, with participation from existing shareholders investment firm Tiger Global and e-commerce company Alibaba Group. The company intends to use the capital to… Read More
Private equity firm Yunfeng Capital has agreed to participate in an RMB10 billion (US$1.6 billion) financing round for China-based pharmaceutical manufacturer Guangzhou Baiyunshan Pharmaceutical Holdings. Baiyunshan’s controlling shareholder, state-owned Guangzhou Pharmaceutical Holdings Limited (GPHL), agreed to contribute RMB3.5 billion (approximately US$571 million), while Yunfeng will invest RMB500 million (approximately US$82… Read More
Elbrus Capital, a private equity firm focused on Russia and CIS, has invested in Russia-based Cian Group, the operator of a real estate classified ads website. The deal included an acquisition of existing shares and a subscription of new shares. Cian Group plans to use the proceeds to finance regional… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has partially exited its stake in India-listed private sector bank ING Vysya Bank. The firm sold a 3.7 percent stake in ING Vysya Bank for INR6.7 billion (approximately US$108 million) through open market transactions. ChrysCapital originally invested in the… Read More
Pan-African private investment firm Helios Investment Partners has exceeded the US$1 billion target set for its third Africa-focused fund, Helios Investors III, and will be closing the fund shortly with US$1.1 billion in capital commitments, reaching the fund’s hard cap. Investors in the fund include sovereign wealth funds, corporate and… Read More
Brazilian antitrust agency CADE has approved multinational electronics conglomerate Samsung’s proposed acquisition of Brazil-based digital printing services company Simpress, facilitating an exit for private equity firm Gávea Investimentos. Samsung had agreed to acquire Gávea’s entire 43 percent stake in the company. Gávea originally invested in Simpress through its second fund,… Read More
West Africa-focused fund manager Sahel Capital has acquired a 25 percent stake in Nigeria-based dairy producer and processor L&Z Integrated Farms. The transaction was structured through Sahel Capital’s Fund for Agricultural Finance in Nigeria (FAFIN). L&Z has an integrated facility that produces yogurt, fresh milk and ice cream from its… Read More
Venture capital firm Sequoia Capital has exited its investment in India-based power equipment manufacturer TD Power Systems through an open market share sale on 8 January. Sequoia sold its entire stake in the company for INR795 million (approximately US$6.4 million). Sequoia had originally acquired around a 4.5 percent stake in… Read More
Private investment firms Spruce Capital Partners and Xeraya Capital announced the first close of MLS Capital Fund II with US$150 million in capital commitments. Investors in the fund included both institutional and global corporate investors. MLS Capital Fund II is co-managed by Spruce Capital Partners and Xeraya Capital, and will… Read More
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