CDH Venture, a venture capital team under the umbrella of China-focused alternative asset fund manager CDH Investments, has closed its third venture capital fund with more than US$100 million in capital commitments. The fund intends to target businesses that are moving from the offline to online space, as well as… Read More
Amwal AlKhaleej, a private equity firm focused on the Middle East and North Africa, has acquired a majority stake in Umark, a Saudi Arabia-based sports retailer and distributor of personal care and home appliance products. The transaction, which took the form of a capital increase, is intended to finance the… Read More
Swicorp, a MENA-focused investment banking and asset management firm, has acquired a 30 percent stake in Saudi Arabia-based steel products manufacturing and processing company BRC Industrial. The transaction was structured through Sadeed Investment, a Swicorp-owned investment vehicle. BRC Industrial intends to strengthen its position in the domestic reinforcement steel and… Read More
Pan-emerging markets private equity firm Actis is committing US$250 million to establish Mexico-focused energy platform Zuma Energía, which will target over 500MW of installed capacity in the country. Zuma Energía’s strategy involves both partnering on new projects and developing its own proprietary pipeline. The platform has completed its first acquisition, closing… Read More
Global private markets investment manager Partners Group has acquired a 30 percent stake in Turkey-based natural gas distributor Enerya. The stake was acquired from Enerya's parent company, Turkey-based infrastructure conglomerate STFA Group, which continues to hold the remaining equity. Enerya owns and operates nine natural gas distribution companies in different… Read More
India-based online recruitment company myNoticePeriod.com has raised more than INR20 million (approximately US$330,000) in a seed stage financing round led by venture capital firm IDG Ventures India. Individual angel investors also participated in the round. The company intends to use the capital to strengthen its team, increase revenues and invest… Read More
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
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