Private equity fund manager Advanced Finance and Investment Group (AFIG Funds) has announced the December 2013 close of a US$50 million recapitalization of its Atlantic Coast Regional Fund (ACRF), bringing its assets under management to US$122 million. Development finance institutions CDC Group and African Development Bank participated in the… Read More
Emerging markets-focused debt and equity fund manager Cordiant Capital has contributed US$10 million to a US$100 million trade financing facility for Brazil-based agribusiness company Fiagril. Cordiant’s loan, structured through Cordiant Emerging Loan Fund (CELF) IV, was made in syndication with global agribusiness company Bunge International Commerce, part of food… Read More
Global private equity and venture capital firm Insight Venture Partners has led a US$27 million Series B financing round in Lithuania-based Vinted, a mobile marketplace for second-hand clothes. Existing investor venture capital firm Accel Partners also participated in the round. Vinted intends to use the funding to expand its… Read More
VTB Capital, the investment arm of Russia-based VTB Group, and global investment firm Goldman Sachs’s Special Situations Group (SSG) have acquired a 50 percent stake in Russian Fitness Group (RFG), a fitness operator in Russia. As part of the transaction Goldman Sachs, which has been an investor in RFG… Read More
Da Vinci Capital, an independent asset manager focusing on mid-market private equity investments in Russia and the Commonwealth of Independent States, has acquired a controlling 63 percent stake in Russia-based IT Invest, a provider of online brokerage services. The transaction was structured through Da Vinci Private Equity Fund II,… Read More
Pan-emerging markets private equity firm Actis has acquired a 36 percent stake in Kenya-based tire wholesaler and retailer AutoXpress Group. AutoXpress operates 20 company-owned stores in Kenya and Rwanda, distributing tire, battery and suspension brands to both corporate customers and the local retail market. The company intends to use… Read More
Venture Investments & Yield Management (VIYM), a partnership focused on private equity fund and consortium investments in Europe, has acquired a significant stake in Russia-based Family Doctor Medical Company, which operates three outpatient clinics across Moscow. The company intends to open four additional clinics in Moscow and enter regional… Read More
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has invested around INR252 million (approximately US$4 million) in three India-based companies. The firm invested INR150 million (approximately US$2.4 million) in dairy company HR Food Processing and INR40 million (approximately US$600,000) in education provider Nalanda Learning Systems. Read More
Global investment firm The Gores Group and medical laser company Technology4Medincine have entered into an agreement to acquire a controlling interest in Slovenia state-owned-asset Fotona, a developer of medical and military laser gear. The Gores Group, structured through its Small Capitalization Partners fund, and Technology4Medicine will privatize the company… Read More
Global investment firm The Gores Group and medical laser company Technology4Medincine have entered into an agreement to acquire a controlling interest in Slovenia state-owned-asset Fotona, a developer of medical and military laser gear. The Gores Group, structured through its Small Capitalization Partners fund, and Technology4Medicine will privatize the company… Read More
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