Private equity firm Phillip Private Equity has led a US$3 million Series B financing round for Singapore-based fashion social network Clozette. Existing stakeholders, including venture capital firm Walden International and angel investors, also participated in the round. The company intends to use the new funds to recruit talent, accelerate… Read More
China-based sports lottery provider 500.com, backed by venture capital firm Sequoia Capital China and private equity fund Vision Knight Capital, has debuted on the New York Stock Exchange (NYSE). The company closed at US$20 on its first trading day, rising nearly 54 percent from its offer price of US$13. Read More
Global growth markets investor The Abraaj Group and Swedish development finance institution Swedfund have invested US$6.5 million in The Nairobi Women’s Hospital, a Kenya-based provider of private healthcare for women and their families. The transaction was structured through The Abraaj Group’s Africa Health Fund, which previously invested US$2.7 million… Read More
CEE-focused venture capital fund New Europe Venture Equity (NEVEQ) has exited Bulgaria-based data center provider 3DC to London-listed data center provider TelecityGroup. NEVEQ originally invested EUR2 million in 3DC, which provides carrier-independent co-location services for companies, in 2009. Financial details of the transaction were not disclosed. Read More
Mexico-based private equity firm Nexxus Capital has held a final close on its sixth private equity fund, Nexxus Capital VI, with US$550 million in capital commitments, exceeding its target of US$400 million. Investors include pension plans, sovereign wealth funds and endowments from North America, Europe and the Middle East. Read More
FMO SME Finance Fund, a fund initiated by SNS Impact Investing, part of SNS Asset Management, and the Dutch development bank FMO, has reached a first close with EUR100 million in capital commitments. The fund aims to support local small- and medium-sized enterprises (SMEs) in emerging markets by providing… Read More
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based transportation service provider Cotrama. The transaction was structured through XSML’s Central Africa SME Fund. Cotrama operates a fleet of around 40 trucks, and intends to use the capital injection to expand and modernize its… Read More
Brazil-focused investment management firm Performa Investimentos and private equity fund manager Mantiq Investimentos have invested BRL70 million (approximately US$31 million) in Brazil-based fertilizer producer Geociclo. The company, which produces a fertilizer from poultry waste products and sugarcane waste, intends to use the capital injection for expansion projects. Read More
Turkey-focused private equity firm Mediterra Capital Partners has acquired a 49 percent stake in Turkey-based household appliances producer Arzum Elektrikli Ev Aletleri. Mediterra, through its subsidiary SDA International, bought the stake from Turkish Household Appliance, a unit of emerging markets investment manager Ashmore Group. The company intends to use… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has fully exited Ukraine-based retail banking platform Platinum Bank to a group of international investment funds and financial investors. The transaction was structured through Emerging Europe Growth Fund. Horizon… Read More
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