Global growth investor General Atlantic will invest in Brazil-based learning system provider SAS Sistema de Ensino (SAS). The company provides technology-enabled services, including curriculum content, teacher training and consulting services, to educational institutions. SAS intends to use the investment to enhance its educational content offerings and expand its geographic… Read More
Venture capital firm Sequoia Capital China has led a Series B financing round for China-based online-to-offline wedding planner Daoxila.com. Fidelity Worldwide Investment’s venture capital arm Fidelity Growth Partners Asia also participated. The new funding will be used for customer experience enhancement, technology upgrades and talent recruitment. Financial details of… Read More
Southeast Asia-focused clean energy investor Armstrong Asset Management has agreed to invest up to US$22.5 million in a 50MW portfolio of mini-hydropower plants in Indonesia. The facilities are being developed by PT Inti Duta Energi, the mini-hydropower development subsidiary of Jakarta-listed construction company PT Nusa Konstruksi Enjiniring. The transaction… Read More
Private equity-backed Globant, a software development and maintenance company whose principal operating subsidiary is based in Argentina, launched an initial public offering (IPO) on the New York Stock Exchange (NYSE), valuing the company at almost US$400 million. Globant priced the offering at US$10 a share, raising US$66 million, and… Read More
Global private investment firm The Carlyle Group has fully exited its stake in India-listed housing finance company Repco Home Finance for INR4.7 billion (approximately US$78.4 million) via an open market transaction. Carlyle sold 11 million shares, or a 17.7 percent stake, at INR428 (approximately US$7.12) apiece. The sale represents… Read More
Private equity firms Baring Private Equity Asia, CDH Investments and Hony Capital have completed the privatization of China-based online game developer and operator Giant Interactive Group, valuing the company at approximately US$3 billion. The company ceased trading on the New York Stock Exchange on 18 July, and deregistration will… Read More
Global private equity firm Warburg Pincus has received approval from the Competition Commission of India (CCI) for its proposed acquisition of a 32.3 percent stake in India-based pharmaceutical company Laurus Labs. Warburg will subscribe to compulsorily convertible preference shares of Laurus besides acquiring paid-up equity shares from certain existing… Read More
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has invested EUR11.5 million (approximately US$15.6 million) in Poland-based online travel agency eSKY. The company provides travel services to individuals, focusing on airline ticket sales for both traditional and low-cost carrier flights. eSKY intends to use the funds to… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has provided part of an INR7.5 billion (approximately US$125 million) loan to India-based property developer Wadhwa Group. KKR contributed INR3.5 billion (approximately US$58 million) from its India Alternative Credit Opportunities Fund I, while banking services company Standard Chartered Bank provided… Read More
Poland-based producer of aluminum cast alloys Alumetal debuted on the Warsaw Stock Exchange on 17 July after completing its initial public offering. As part of the listing, Central and Eastern Europe-focused private equity fund manager Abris Capital Partners sold its entire 55.5 percent stake in the company for PLN293… Read More
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