Palestine-based WebTeb, the operator of an Arabic language health and lifestyle portal, has closed a US$3.2 million Series C financing round led by venture capital firm Sadara Ventures. Existing investors, including Palestine-focused fund manager Siraj Fund Management Company (SFMC), also participated. SFMC’s transaction was structured through Siraj Palestine Fund. WebTeb… Read More
Grupo Hotelero Santa Fe-a platform created by Mexico-focused private equity firm Nexxus Capital, industrial conglomerate Grupo Chartwell and private equity real estate firm Walton Street Capital to operate and acquire hotels in Mexico-placed its shares on the Mexican Stock Exchange on 12 September at a price of MXN10 (approximately US$0.76)… Read More
Mezzanine-focused private investment fund manager Vantage Capital has provided mezzanine financing to South Africa-based Austell Laboratories, a 100 percent black-owned pharmaceutical company. The transaction was structured through Vantage's Fund II. Austell intends to use the financing to fund its working capital needs and to expand its range of products. Financial… Read More
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has invested EUR15 million (approximately US$19.4 million) in debt and equity in Poland-based Glass-Team, a manufacturer of fire-resistant glass used in commercial building facades, exterior and interior walls, windows and doors. The investment will support Glass-Team's European expansion and allow… Read More
Vietnam-focused private equity firm Mekong Capital has divested its stake in Vietnam-based restaurant chain operator Golden Gate. Mekong Capital originally invested US$1.5 million in Golden Gate via a convertible bond in April 2008. The investment was structured through Mekong Enterprise Fund II. Mekong Capital's exit resulted in a reported net… Read More
Healthcare-focused investment firm OrbiMed Advisors has closed OrbiMed Asia Parters II with US$325 million in capital commitments, surpassing its original US$300 million target. The fund intends to invest in drug developers, diagnostics firms and medical device manufacturers in Asia. Read More
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has exited India-based marine operation and construction company Dolphin Offshore Enterprises India by selling its entire 6.54 percent stake through open market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. The… Read More
International Housing Solutions (IHS), an investment firm focused on residential housing, has reached a first close on its second affordable housing fund, IHS Fund II, with ZAR1.5 billion (approximately US$138 million) in capital commitments. Investors included Overseas Private Investment Corporation, National Housing Finance Corporation, International Finance Corporation, Global Environmental Facility,… Read More
Emerging markets financial services investor LeapFrog Investments has closed its second fund with US$400 million in capital commitments. Investors in the final close, which was oversubscribed, included AIG, Alliance Trust, AXA, HESTA, RGA Reinsurance and Zurich Insurance Group. The new fund will make equity investments of US$10 million to US$50… Read More
Tata Capital, the private equity arm of the Indian conglomerate Tata Group, has received approval from the Competition Commission of India to acquire a 17 percent stake in India-based lubricating grease manufacturer Standard Greases & Specialties. The transaction will be structured through Tata Capital Growth I and Alpha TC Holdings,… Read More
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