India Value Fund Advisors, a firm focused on investing in mid-sized businesses, and former Godrej Consumer Goods’ executive Arumugham Mahendran have joined together to buy India-based pesticide services company ISS Hicare. The transaction size is reportedly around INR1.5 billion (approximately US$24 million). ISS Hicare operates 52 branches in 27… Read More
Tata Capital, the private equity arm of the Indian conglomerate Tata Group, will purchase a significant minority stake in India-based auto component manufacturer Varroc Group for US$60 million. The transaction will be structured through Tata Opportunities Fund. Varroc intends to use the capital injection to build new products and… Read More
Asia-focused private equity firm Navis Capital Partners has acquired a controlling interest in Hong Kong-based Amazon Papyrus Chemicals Group, a manufacturer that supplies chemical product formulations and technical support to paper companies. The investment will fund the company’s regional expansion plans and efforts to streamline operations. Financial details of… Read More
Lereko Metier, a private equity fund manager focused on mid-cap buyout and growth opportunities in Southern Africa, has exited its stake in South Africa-based medical device distributor Surgical Innovations after healthcare group Ascendis Health, newly listed on the Johannesburg Stock Exchange, acquired Surgical Innovations for a total consideration of… Read More
China-focused venture capital firm Banyan Capital has held a final close on its first venture capital fund, Banyan Partners Fund I, with US$206 million in capital commitments. More than 40 investors committed to the fund, including entrepreneurs, family offices, fund of funds, foundations and other institutional investors from China… Read More
BaltCap, a private equity and venture capital investor in the Baltic States, has sold its 48 percent shareholding in Latvia-based concrete floor producer Primekss. The transaction was structured through BaltCap Latvia Venture Capital Fund, which originally invested EUR1.4 million (approximately US$1.9 million) in Primekss in 2010, obtaining 48 percent… Read More
TBL Mirror Fund, a private equity fund focused on small-and medium-sized enterprises in East Africa and Nigeria, has acquired a minority stake in Kenya-based Neo Amadiva, which operates salon outlets in Nairobi’s Riverside and Hurlingham suburbs. Neo Amadiva intends to use the capital injection to expand the salon chain… Read More
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has invested in India-based organic textiles manufacturer CAOS Apparels. The transaction was structured through Aaviskhaar’s second fund. The company plans to use the funds to expand its manufacturing capacity. Financial details of the transaction were not disclosed. Read More
Hobsons, an education subsidiary of the Daily Mail and General Trust, has led a US$9 million Series B financing round in India-based learning management and test preparation provider iProf Learning Solutions. Existing investors, venture capital firms IDG Ventures India and Norwest Venture Partners, also participated in the round. In… Read More
Latin Idea Ventures, a Mexico-based private equity fund manager, has invested in Mexico-based logistics company Logyt. The transaction was structured through Latin Idea Mexico Venture Capital Fund III. The company advises on supply chain solutions, from point of sale and customer development to manufacturing and procurement. Financial details of… Read More
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