China-focused private equity firm Lunar Capital and co-investors, venture capital firms RRE Ventures and Icon, have sold their stake in China-based third-party online payment provider SmartPay to an affiliate of insurance and financial services holding company Ping An Insurance Company of China. Ping An intends to grow the business… Read More
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has acquired a 25 percent stake in India-based surgical sutures manufacturer Sutures India for INR1.5 billion (approximately US$23.5 million). The transaction involved a mix of primary and secondary share purchases, with around INR750 million… Read More
Investcorp, a global provider and manager of alternative investment products, has acquired a 25 percent stake in Saudi Arabia-based Leejam Sports Company, owner of the sports and fitness brand Fitness Time. The transaction was structured through Investcorp’s Gulf Opportunity Fund. Leejam has over 1,400 employees and currently operates over… Read More
East Africa-focused private equity and venture capital investor Fanisi Capital has acquired a significant stake in Kenya-based retail pharmacy chain Haltons for up to US$3 million. Haltons operates four retail outlets within Nairobi and intends to use the capital injection to expand its portfolio over the next two years… Read More
AION Capital Partners, a joint venture between alternative asset managers Apollo Global Management and ICICI Venture, is investing INR3 billion (approximately US$47.2 million) in India-based power company Jyoti Structures. AION, which has already committed INR2 billion (approximately US$31.4 million), will acquire a significant minority stake through long-dated structured securities… Read More
ADM Capital, an investment firm focused primarily on recovery, special situations and event-driven opportunities in emerging markets, has invested US$30 million in Russia-based agricultural company Irrico. Irrico was formed by global investment bank VTB Capital in 2012 to acquire large scale operating farms in Southern Russia and install modern… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has started selling its stake in India-based automobile component manufacturer JMT Auto, exiting 1.49 million shares, or a little over a ten percent stake, through block deals for INR192 million (approximately US$3 million). ChrysCapital originally invested in the… Read More
Central and Eastern Europe-focused private equity firm 3TS Capital Partners has announced the first closing of its latest fund, TCEE Fund III, with EUR103 million (approximately US$136 million) in capital commitments. TCEE Fund III will continue the firm’s focus on growth capital investments in the broader telecommunications, media and… Read More
Baring Vostok, a private equity firm operating in Russia and the CIS, has sold a three percent stake in Russia-based online search engine operator Yandex for US$327 million. Baring Vostok funds have steadily reduced their stake in the internet company from 16 percent as of December 2012 to about… Read More
Private equity firm CID Group has held a final close on its latest fund, CID Greater China Fund IV, with US$50 million in capital commitments. The fund, which will include an additional US$50 million of CID Group’s capital to total US$100 million, will focus on investments in semiconductor businesses… Read More
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