A consortium led by Southeast Asia-focused private equity firm Navis Capital Partners has acquired Singapore-based MFS Technology, a provider of flexible printed circuit solutions to blue-chip customers, for US$95 million. The consortium also included mid-market private equity firm Novo Tellus Capital Partners, an unnamed Singapore-based technology-focused private equity fund and… Read More
China-based car rental company eHi Car Services has raised US$120 million through an initial public offering (IPO) on the New York Stock Exchange. The company sold ten million shares at US$12 apiece, the bottom end of the indicative range. eHi Car Services is backed by private equity and venture capital… Read More
A consortium of investors led by Russia and CIS-focused private equity firm Elbrus Capital has agreed to acquire Russia-based online recruitment company HeadHunter from London-listed Russian internet company Mail.Ru Group for RUR9.85 billion (approximately US$208 million). Following the deal, the company intends to build up its mobile platform, launch new… Read More
Southeast Asia-focused private equity firm Credence Partners has acquired 100 percent of Singapore-based Fassler Gourmet, a company specializing in seasoning, smoking, slicing and packing salmon and ocean trout. The transaction was structured through Credence Fund II. Credence intends to work with the Fassler Gourmet management team to expand its customer… Read More
China-based oncology company BeiGene has raised a financing round of more than RMB450 million (approximately US$75 million) from a group of investors including CITIC Capital Partners, the private equity arm of CITIC Capital Holdings, and Asia-focused investment firm Hillhouse Capital. The round also included existing angel and strategic investors. BeiGene… Read More
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, has partially exited Poland-based asset management business Skarbiec through an IPO on the Warsaw Stock Exchange. The transaction generated proceeds of EUR10.2 million (approximately US$12.7 million), with Enterprise Investors listing a 20 percent stake of the company and retaining a… Read More
Tokyo-listed online recipe portal Cookpad has reached a definitive agreement to acquire Netsila, the Lebanon-based company behind Arabic language recipe website Shahiya.com, for US$13.5 million. Cookpad’s acquisition will facilitate an exit for MENA-focused venture capital firm Middle East Venture Partners (MEVP). MEVP originally invested in the company in 2012. Subject… Read More
Global investment firm KKR has agreed to provide Singapore-based Amtek Global Technologies (AGT), a subsidiary of India-listed automotive component manufacturer Amtek Auto, with EUR235 million (approximately US$293 million) in long-term financing, intended to replace its existing bridge loan and consolidate the company’s existing debt. This facility will also act as… Read More
Private equity and growth capital firm TVM Capital Healthcare Partners has launched a mandatory tender offer to buy a majority stake in Egypt-listed Ameco Medical Industries, a company that designs and manufactures catheters. The move is part of a deal with commercial bank National Bank of Egypt and mutual fund… Read More
Global private equity investor Advent International has closed Advent Latin American Private Equity Fund VI (LAPEF VI) with US$2.1 billion in capital commitments, reaching the fund’s hard cap. More than 60 institutional investors participated in LAPEF VI, including public and corporate pension funds, endowments and foundations, funds of funds, sovereign… Read More
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