Venture capital firm IvyCap Ventures has led an INR310 million (approximately US$5 million) financing round for India-based information risk management service provider Aujas Networks. Existing investor IDG Ventures India, a technology-focused venture capital firm, and new investor Rajasthan Venture Capital Fund (RVCF), a venture capital fund manager, also participated… Read More
VTB Capital, the investment arm of Russia-based VTB Group, has completed the sale of its stake in Russia-based Luxoft Holding, a provider of software development services and IT solutions, in a secondary public offering on the New York Stock Exchange (NYSE) that was more than three times oversubscribed. VTB… Read More
Investcorp, a Bahrain-based manager of alternative investment products, will acquire a minority stake in Turkey-based meat producer Namet, which offers products such as pastrami, sausage, salami, bacon, smoked hot dogs and roast beef. Financial details of the transaction, which is subject to approval by the Turkish Competition Authority, were… Read More
Africa-focused investment management firm Convergence Partners has reached a first close on Convergence Partners Communications Infrastructure Fund (CPCIF) with US$145 million in capital commitments. Investors include development finance institutions International Finance Corporation, European Investment Bank, Netherlands Development Finance Company, Development Bank of Southern Africa and CDC Group. CPCIF, which… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has reached an agreement with India-based pharmaceutical developer and manufacturer Gland Pharma to acquire a minority stake in the company for approximately US$200 million. The transaction will be structured through the KKR Asian II Fund, and includes KKR’s acquisition of… Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, has sold a six percent stake in India-based Ashoka Buildcon, which constructs and operates roads and bridges on a build, operate and transfer basis, for INR513 million (approximately US$8.2 million). The transaction was structured through IDFC Infrastructure… Read More
Global private equity firm Warburg Pincus has partially exited India-based auto components manufacturer Amtek Auto, selling a 1.1 percent stake over two days on the Bombay Stock Exchange for around INR170 million (approximately US$2.7 million). With this sale, Warburg’s stake fell from 7.4 percent to 6.3 percent, worth around… Read More
Hong Kong-based software development company Kingsoft Office Software has raised US$50 million in new funding from venture capital firms Morningside Group, GGV Capital and Shunwei Capital Partners, structured through Shunwei China Internet Fund. The company, which makes an office suite that competes with Microsoft Office, intends to use the… Read More
Private equity fund manager Phatisa has acquired a majority stake in Malawi-based agricultural engineering and equipment distribution company Farming and Engineering Services (FES). The transaction was structured through Phatisa’s African Agriculture Fund. FES intends to use the new capital to expand services to Malawi’s agricultural sector. Financial details of… Read More
Germany-based telecommunications company Deutsche Telekom has agreed to acquire Poland-based telecommunications service provider GTS Central Europe from the company’s private equity backers, including private equity firm Columbia Capital, fund of funds HarbourVest Partners, mid-market private equity firm Innova Capital and private equity firm M/C Partners, for EUR546 million (approximately… Read More
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