Development finance institution European Bank for Reconstruction and Development (EBRD), Russian sovereign wealth fund the Russian Direct Investment Fund (RDIF) and private equity fund manager CapMan Russia will invest US$100 million in Russia-based IT outsourcing provider MAYKOR. RDIF will invest US$50 million, with EBRD and CapMan Russia, structured through… Read More
Singapore-based private equity firm KV Asia Capital has announced the final close of its first fund, KV Asia Capital Fund I, at US$263 million, exceeding its US$250 million target. The fund, which held its first close at US$100 million in October 2012, will focus on investment opportunities in Southeast… Read More
Asia-focused private equity firm Baring Private Equity Asia (BPEA) has signed definitive agreements with Hexaware Technologies, a global provider of IT and business process outsourcing services, to purchase a 41.8 percent stake in Hexaware for INR15.8 billion to INR16.9 billion (approximately US$242 million to US$260 million). BPEA will buy… Read More
Peru-focused private equity firm Nexus Group has acquired a 99.9 percent stake in Peru-based San Miguel Industrias PET, a manufacturer and distributor of polyethylene terephthalate (PET) containers in Peru with operations in El Salvador, Panama, Ecuador and Colombia. PET is a material commonly used in plastic bottles. Financial details… Read More
Asian financial house PhillipCapital has acquired a 9.7 percent stake in Indonesia-based heavy equipment financer Intan Baruprana Finance (IBF), the financing arm of equipment distributor Intraco Penta, through a rights issue. Intraco Penta will continue to hold a majority stake of 79.7 percent, with Intra Trading, another affiliate of… Read More
Singapore, India and Southeast Asia-focused venture capital firm Jungle Ventures and SPRING SEEDS Capital, the start-up-focused investment arm of SPRING Singapore, have led a Series A investment in Taggo, a Singapore-based marketing platform that helps companies turn their Facebook pages into loyalty program “fan clubs.” This financing round, which… Read More
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has invested US$6 million in a second round of funding for India-based payments system Electronic Payment and Services (EPS). The transaction was structured through Aavishkaar Goodwell II and Aavishkaar II. EPS intends to use the capital injection,… Read More
China-focused investment firm IDG Capital Partners has led a Series A round of financing in China-based online game developer Ejoy for a reported RMB100 million (approximately US$16.2 million). The company intends to use the new financing to develop 3D online games. Read More
Franco-Chinese management company Cathay Capital Private Equity has agreed to invest RMB120 million (approximately US$19.5 million) in Shanghai Zhengming Modern Logistics (ZM Logistics), a China-based supply chain company specializing in logistics for cold chain, auto parts, fast-moving consumer goods and pharmaceuticals. ZM Logistics has 40 subsidiaries with a fleet… Read More
Southeast Asia-focused clean energy investor Armstrong Asset Management is committing up to US$30 million to Thailand-based renewable energy group Annex Power. The transaction, which will be structured through Armstrong’s South-East Asia Clean Energy Fund, is intended to finance an initial pipeline of solar photovoltaic and biogas power projects in… Read More
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