Private equity firms The Carlyle Group, Signet Healthcare and OrbiMed have partially exited their investment in India-based pharmaceutical company Claris Lifesciences by participating in the company’s buyback offer. Claris Lifesciences offered a buyback issue worth INR2.3 billion (approximately US$39 million) in March 2014. The buyback was offered at a… Read More
Venture capital firms InVenture Partners, Intel Capital and FinSight Ventures have invested US$3 million in a Series A financing round for Ukraine-based bus ticket platform developer Gill Business Systems, which operates the Gillbus brand. Gill Business Systems consists of four ventures: a software development company in Ukraine and distribution… Read More
Latin America-focused alternative investment company GP Investments has agreed to sell its stake in Brazil-based fleet management and cargo tracking services provider Sascar Participações to Compagnie Financiere du Groupe Michelin, a company that holds Groupe Michelin’s industrial and commercial companies outside of France, as part of Groupe Michelin’s acquisition… Read More
Private equity firms Yunfeng Capital and CITIC Private Equity have agreed to invest at least RMB2 billion (approximately US$325 million) in an unlisted farming subsidiary of Shanghai-listed dairy producer Inner Mongolia Yili Industrial Group. Post-transaction, the two private equity investors will together hold a 60 percent stake in Yili… Read More
A take-private bid supported by Asia Pacific private equity investor Morgan Stanley Private Equity Asia (MSPEA) to delist China-based agricultural nutrient company Yongye International from the NASDAQ Stock Market has received shareholder approval. The investing consortium, which is led by Yongye's chairman and CEO Zishen Wu and includes MSPEA,… Read More
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has supplied financing to support the management buyout of Romania-based oil and gas services business Expert Petroleum. The transaction was structured through Sytnaxis Capital’s second mezzanine fund. Expert Petroleum intends to use the financing for the development of production-enhancement… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$10.5 million in China-based Qinghai Weide Special Sugar, a producer of inulin and fructooligosaccharide, two prebiotics and dietary fiber products that are used in baby formula, drinks, food, animal feed, cosmetics and personal care products. CNEI’s investment… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has invested a reported US$200 million in Afriflora, a rose grower and distributor with a main growing facility in Ethiopia. The transaction was structured through KKR’s European fund. Afriflora grows about 730 million flowers a year for export to Europe. Read More
Global asset manager PineBridge Investments Middle East has held a first close on PineBridge GCC Real Estate Fund I with more than US$140 million in capital commitments. The Shari’a compliant fund, which has a final target of US$200 million, will invest in income-producing real estate assets in the Gulf… Read More
India-based gaming company Octro has received a US$15 million Series A financing round from venture capital firm Sequoia Capital. Octro, which takes existing games and makes them available on a mobile platform, has a portfolio that includes games such as Rummy and Tambola. Read More
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