Global private equity firm Advent International has sold Romania-based paint manufacturer Deutek to CEE-focused investment manager Axxess Capital. The transaction was structured through Axxess Capital’s Emerging Europe Accession Fund. Advent International originally acquired the company in 2005. With Axxess Capital, Deutek intends to pursue new opportunities in the Romanian… Read More
China-focused private equity and venture capital firm Tiantu Capital has invested RMB80 million (approximately US$13 million) in Ganqishi, a Chinese cuisine food chain. This was the first transaction structured through Tiantu Capital’s sixth RMB-denominated fund. Ganqishi, which operates 150 outlets in Hangzhou and offers mainly Chinese dumplings, intends to… Read More
The United Kingdom’s development finance institution CDC and global growth markets investor The Abraaj Group will invest US$17.5 million in Rainbow Hospitals, an India-based 450-bed pediatric and maternity healthcare company. Rainbow Hospitals intends to use the new financing to expand beyond the state of Andhra Pradesh to cities such… Read More
China-focused venture capital firm China Venture Capital has agreed to invest RMB15m (approximately US$2.4 million) in China-based Jiangsu Suntime Environmental Remediation, a company specializing in contaminated soil remediation. The company has worked on soil remediation projects in Jiangsu, Gaohyou, Yangzhou and Changzhou. Read More
Cordiant Capital, a fund manager specializing in emerging markets credit and private equity investments, has provided a US$55 million loan to Sri Lanka-based microfinance institution Lanka Orix Micro Credit (LOMC). The transaction, which was made in partnership with the Dutch development bank FMO, was structured through Cordiant Emerging Loan… Read More
Southeast Asia-focused private equity firm The Northstar Group has partnered with Singapore-based brokerage firm ERA Real Estate to lead a management buyout of ERA Real Estate from Hersing Corporation, a Singapore-based brand manager and service provider. Local media reports valued the deal at SGD$130 million (approximately US$102.5 million), which… Read More
Venture capital firm GGV Capital and Asia-focused investment group Orchid Asia participated in a Series A investment in Beauty Plus, a China-based cosmetics retailer. Beauty Plus intends to use the capital injection for brand building and business development, with the goal to work towards an IPO. Financial details of… Read More
A consortium of private equity firms including Tata Capital, the private equity arm of the Indian conglomerate Tata Group, and Morgan Stanley Global Private Equity will acquire a significant minority stake in India-based microlender Janalakshmi Financial Services for INR3.5 billion (approximately US$56.8 million). Janalakshmi, a non-banking financial company focused… Read More
Hungary-based wastewater treatment and recycling provider Organica Water has closed a Series B round of financing led by International Finance Corporation. Other participants in the round included Invesco WLR Private Equity Investment Management Company (Huaneng Invesco), a joint venture between Huaneng Capital, Invesco and Invesco affiliate WL Ross &… Read More
Private equity firm ASK Pravi Capital Advisors, a joint venture between ASK Group and Pravi Capital, has invested INR600 million (approximately US$9.7 million) in India-based tertiary care hospital chain Omni Hospitals for a significant minority stake. The company, which operates as a unit of Incor Hospitals, intends to use… Read More
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