Private equity fund manager Avallon has signed an agreement to acquire 100 percent of Poland-based cosmetics manufacturer MPS International, together with the company’s management, from Sweden-based holding company MPS Holding. The transaction was structured through Avallon MBO Fund II. MPS International will continue to focus on manufacturing cosmetics and household… Read More
Russia-based web and video conferencing software company Webinar.ru has raised US$7.3 million in a Series A financing round led by Intel Corporation’s venture capital arm Intel Capital and development finance institution European Bank for Reconstruction and Development (EBRD). Private equity firm Flint Capital and asset manager VTB Capital, the investment… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has acquired an equity stake in Singapore-based manufacturer of corrosion-resistant clad pipes Cladtek Holdings. The company, which provides anti-corrosion technology used in oil and gas pipelines, intends to expand into both new and existing markets. Financial details of the transaction were not… Read More
Pan-African private equity firm 8 Miles has acquired a 25.1 percent stake in Egypt-based Eagle Chemicals Group, a producer of resin and polymer products. The company, which has three factories and two tank farms located in Egypt, intends to expand its capacity, optimize and grow its product mix and increase… Read More
Global investment firm KKR has sold its remaining stake in China-based milk producer China Modern Dairy Holdings for approximately US$80 million. KKR and private equity firm CDH Investments previously made partial exits when Modern Dairy went public in Hong Kong in 2010, raising HKD3.5 billion (approximately US$451 million). In 2013,… Read More
Singaporean sovereign wealth fund Temasek has received regulatory approval from the Competition Commission of India to acquire a ten percent stake in India-based pharmaceutical formulation development company Intas Pharmaceuticals from India-focused investment firm ChrysCapital. ChrysCapital, which holds a 16.8 percent stake in the company, had previously invested INR3.53 billion (approximately… Read More
Early stage venture capital firm Alta Ventures Mexico and Capital Emprendedor, a community that supports entrepreneurs, have invested US$1.7 million in Mexico-based peer-to-peer lending platform kubo.financiero. Founded in 2012, kubo.financiero links potential borrowers with investors through an online platform… Read More
Agriculture-focused private equity firm Injaro Investments has reached a final close on Injaro Agricultural Capital Holdings, its West Africa-focused impact-oriented fund, with total capital commitments of US$49 million. Final closing commitments of US$15 million, US$10 million and US$7 million were received from development finance institutions CDC, via its DFID Impact… Read More
Mexico-based private equity firm Nexxus Capital, along with a group of co-investors, has invested in three local restaurant chains: Mexican food chain El Farolito, taco chain Taco Inn, and yogurt ice cream chain Nuny’s Yogurt. The transactions were structured through Taco Holding, a portfolio company of Nexxus Capital IV Trust… Read More
China-focused private equity firm Hony Capital has agreed to acquire a 12.4 percent stake in Hong Kong-listed hotel company Shanghai Jin Jiang International Hotels Development for RMB15 billion (approximately US$243 million). Hony will buy 100 million shares in Shanghai Jin Jiang at RMB15 (approximately US$2.43) apiece. The price represents… Read More
(default archive template)