L Capital Asia, the private equity fund sponsored by global luxury goods distributor LVMH Group, Groupe Arnault and YTL, has agreed to buy more than a 90 percent stake in Singapore-based restaurant group Crystal Jade for a reported US$100 million. Crystal Jade operates food and beverage outlets in 18… Read More
Thailand-based television production and distribution company Wave Entertainment has acquired a 100 percent stake in Efficient English Services (EES) from Asia-focused private equity firm Navis Capital Partners and Thailand’s Government Pension Fund for THB800 million (approximately US$24.8 million). EES holds the license to operate Wall Street English schools in… Read More
Foursan Group, a private equity firm primarily focused on the Middle East, has completed investments in Jordan-based solar energy project Shamsuna Power, Jordan-based freight management company Nafith Logistics and Iraq-listed private sector bank National Bank of Iraq (NBI). The transactions were structured through Foursan Capital Partners I. Foursan now… Read More
Russia-focused venture capital firm iTech Capital has invested US$10 million in Russia-based SMS marketing technology company MFMSolutions. The company’s technology allows customers to send high volumes of text messages, up to 10,000 per second or 25 billion per month. Its clients include banks, insurance companies, online and offline retailers… Read More
Asia-focused private equity firm RRJ Capital is investing around US$50 million for a minority stake in China-based credit card manufacturer Jing King Technology Holdings. The company’s chairman and chief executive Lennon Tan will continue to hold a controlling stake. Jing King was previously owned by Southeast Asia-focused private equity… Read More
Technology-focused venture capital firm Amadeus Capital Partners has led a BRL20 million (approximately US$8.9 million) Series B financing round in Brazil-based online insurance comparison platform Bidu Holdings. The transaction was structured through Amadeus IV Digital Prosperity Fund. Venture capital firm Monashees Capital, German media conglomerate Bertelsmann and investment firm… Read More
China-focused private equity firm Harvest Capital has closed its second USD-denominated vehicle, Greater China Motivation Fund Phase I, with US$300 million in capital commitments. The firm has also completed fundraising for an RMB-denominated vehicle, Hexing (Tianjin) Equity Investment Fund, with RMB500 million (approximately US$81 million) in capital commitments. Investors… Read More
Venture capital firm Lok Capital has partially exited its investment in India-based rural business process outsourcing firm RuralShores Business Services by selling its stake to an unnamed buyer. The transaction was structured through Lok Capital Fund I. Lok Capital made a reported 6x return in INR on the investment,… Read More
Internet-based e-commerce business Alibaba Group and private equity firm Yunfeng Capital will invest US$1.2 billion in New York Stock Exchange-listed and China-based internet television company Youku Tudou through a joint venture vehicle. Post-transaction, Alibaba and Yunfeng will hold a 16.5 percent stake and a two percent stake, respectively, in… Read More
China- and Taiwan-focused investment firm Zoyi Capital has invested in Taiwan-based Vigor Kobo, a souvenir shop and pineapple cake bakery. The company has identified further growth potential via a cross‐border souvenir business model catering to tourist locations in China and intends to work with Zoyi to expand Vigor Kobo’s… Read More
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