Russia-focused growth capital and buyout investor FINAM Global has sold its 30 percent stake in Russian bank information website Banki.ru for US$6 million to Russia Partners, a Russia and CIS-focused private equity firm. The secondary transaction was structured through Russia Partners Technology Fund. FINAM Global originally bought the 30… Read More
Global private equity and venture capital firm Insight Venture Partners (IVP) led a US$20 million Series C round investment in Brazil-focused vacation bookings e-platform HotelUrbano for about a four percent stake. The company, which was valued at approximately US$250 million in April, plans to use the new capital to… Read More
Aavishkaar Venture Management Services, a venture capital firm focused on India’s rural areas, has announced the final close of Aavishkaar India II Company, a venture capital fund that targets India’s low-income states, at US$94 million. The fund, which held a first close in September 2011 at US$70 million, has… Read More
Pan-emerging markets private equity firm Actis will acquire a 100 percent stake in Paycorp, a South Africa-based payments business, together with the company’s management team for US$95 million. Actis and the management will purchase the stake from financial services group Transaction Capital, which bought the company in 2006. Paycorp… Read More
Japan-based private equity firm Vangoo Capital Partners led a Series C round investment for more than US$30 million in Secoo.com, a China-based luxury goods retailer. Existing shareholders IDG Capital Partners, a China-focused investment firm, and Ventech Capital, a venture investor, also participated in the round. Secoo.com, which sells secondhand… Read More
International Finance Corporation (IFC) and two funds managed by IFC Asset Management Company (IFC AMC) have signed an agreement to invest US$150 million in Colombia-based oil and gas investor Pacific Infrastructure Ventures. IFC AMC’s investment will be structured through IFC Africa, Latin American and Caribbean Fund and IFC Global… Read More
China-focused private equity and venture capital firm Tiantu Capital has reached a final close on its sixth RMB-denominated fund at RMB1 billion (approximately US$160 million). The new fund will target investments in the consumer sector. Read More
Motilal Oswal Private Equity, a subsidiary of Indian financial services company Motilal Oswal Financial Services, has held a fourth close on its India Business Excellence Fund-II (IBEF-II) with INR6.3 billion (approximately US$103 million) in capital commitments. The fund recently received a commitment of US$25 million from International Finance Corporation,… Read More
India-focused private equity fund manager Lighthouse Funds has held a first close on its second fund, India 2020 Fund II, with approximately US$60 million in commitments. Lighthouse reportedly received re-ups from all major institutional investors in its first fund, which raised US$100 million in 2008. Fund II has a… Read More
Global private investment firm H.I.G. Capital’s Brazilian affiliate has completed a strategic investment in LG Sistemas, a Brazil-based human resources software provider. LG Sistemas plans to use the investment to strengthen its R&D capabilities and broaden its portfolio of software solutions and services. Financial details of the transaction were… Read More
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