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
Global growth markets investor The Abraaj Group has acquired a majority stake in Southeast Asia-based food and beverage chain Wine Connection Group. The company, which has more than 55 outlets in Singapore and Thailand, intends to expand its footprint in existing markets and replicate its business model in new territories,… Read More
Cable & Wireless Communications, a London-listed communications provider operating throughout the Caribbean and Latin America, has agreed to acquire private equity-backed Columbus International, a Barbados-based diversified telecommunications company, for US$1.85 billion. The acquisition will facilitate an exit for Portland Private Equity, a Caribbean-focused private equity firm that originally invested US$65.5… Read More
Pan-emerging markets private equity firm Actis has acquired a minority stake in South Africa-based sports and lifestyle shoe retailer Tekkie Town for US$65 million. The company currently operates more than 260 stores across South Africa that sell a wide range of global sportswear brands. Read More
Pan-emerging markets private equity firm Actis has committed US$100 million to create IT’sSEG, a buy and build insurance brokerage platform in Brazil. Actis is partnering with Thomaz Menezes, former CEO of Marsh Latin America, who will be a shareholder and act as CEO of the platform. IT’sSEG has already acquired… Read More
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