A consortium of investors including China-based alternative investment management and advisory firm CITIC Capital, Oriza Holdings and state-owned conglomerate China Merchants Group have acquired a stake of no more than 25 percent in China-based express delivery services company S.F. Express. Financial details of the transaction, which was structured through… Read More
Financial services provider La Compagnie Benjamin de Rothschild (CBR), forest company ONF International and the Moringa Partnership, an investment advisor owned by CBR, have announced the first close of the Moringa Fund, a private equity investment vehicle focused on sustainable agroforestry projects in Sub-Saharan Africa and Latin America. The… Read More
Brazil-based online test-prep company Rota dos Conursos has received a round of financing from internet- and education-focused venture capital firm Monashees Capital, education-focused venture capital firm Gera Venture, United States-based investment fund and accelerator 500 Startups and other angel investors. Rota dos Concursos intends to use the capital injection… Read More
Argentina-based provider of online restaurant reservations Restorando has closed a US$13.3 million Series B funding round led by early-stage venture capital investor Flybridge Capital Partners. Existing venture capital investors Emergence Capital Partners, Kaszek Ventures, Atomico and Storm Ventures also participated in the round. The company had previously raised US$3.7… Read More
Global energy investor EIG Global Energy Partners has acquired Brazil-based LLX, the logistics company of the energy and mining conglomerate EBX Group, for BRL1.3 billion (approximately US$557 million). The new capital will allow LLX to finish its Açu Superport, an industrial port venture designed to service Brazil’s commodity exports… Read More
Fidelity’s China-focused venture capital and private equity arm Fidelity Growth Partners Asia, China- and Southeast Asia-focused private equity group F&H Fund Management and investment manager Tiger Global Management have invested a reported US$10 million in Mtime, a China-based online and mobile movie platform. Mtime intends to use the new… Read More
Venture capital firm Sequoia Capital India has bought a minority stake in India-based Vini Cosmetics for INR1.1 billion (approximately US$17.9 million). Vini Cosmetics produces deodorants and talcum powders, and intends to use the new capital to expand its portfolio by adding nutritional pharmaceuticals (“neutraceuticals”), skincare and hair care products. Read More
Korea-focused private equity firm IMM Private Equity and emerging markets investment manager Mirae Asset Private Equity have together agreed to acquire a 24 percent stake in Korea-based integrated steelworks company POSCO Specialty Steel for KRW250 billion (approximately US$223.2 million). According to a regulatory filing, the investors will subscribe to… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has invested US$2.7 million in Moldova-based winemaker Bostavan Wineries Group. The company, which produces one million bottles of wine a year, intends to use the capital injection to purchase… Read More
Global growth markets investor The Abraaj Group will acquire a significant stake in Republika Academic Apartments, consisting of two Turkey-based student accommodation assets with a total of 1,274 beds. The Abraaj Group invested alongside Republika’s developer BLG Capital, a Turkey-focused real estate private equity firm. Financial details of the… Read More
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