China-focused private equity firm Hony Capital has divested its entire holding in Jiangsu Phoenix Publishing & Media (Phoenix). Hony acquired 150 million shares in Phoenix for RMB481 million (approximately US$77.8 million) in May 2008, and in May 2013, began the divestment process, selling 25 million shares of Phoenix for… Read More
Central and Eastern Europe-focused private equity group MCI Management has acquired a minority stake in Wearco, the company that operates online clothing store Answear.com. Answear.com intends to use the capital injection to grow its market share in Poland and neighboring countries. Financial details of the transaction, which was structured… Read More
Southeast Asia-focused private equity buyout firm Southern Capital Group (SCG) has reportedly closed its third fund with US$408 million in commitments, surpassing its target of US$350 million. SCG targets middle market businesses with enterprise values of between US$20 million and US$200 million. SCG’s prior funds include Mulberry Asia Fund… Read More
Healthcare-focused venture capital firm Aberdare Ventures and U.S.-based hedge fund Valiant Capital Management have jointly acquired a 45 percent equity stake in Brazilian pharmacy benefits company ePharma for an estimated BRL169 million (approximately US$74.6 million). Founded in 1999, ePharma serves as an intermediary between health insurance companies, employers and… Read More
China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, has invested US$9.7 million in Zhanjiang Newpro Foods (Newpro), a China-based company involved in the breeding, culturing, farming and processing of prawns. Along with the investment, CNEI has introduced international experts to Newpro for future breeding of pathogen-free… Read More
India-focused online retailer Flipkart has raised US$200 million in its fifth round of funding from existing investors, including Accel Partners, Tiger Global and global multi-family office ICONIQ Capital. South Africa-based multinational media company Naspers also participated in the round. In 2012, Flipkart raised a reported US$150 million in a… Read More
Tata Capital, the private equity arm of the Indian conglomerate Tata Group, has invested in India-based file sharing, sync and mobility vendor Vaultize. The new capital will be used to help the company scale up its go-to-market strategy, including expansion in the United States and Europe. Financial details of… Read More
Lithuania-focused venture capital firm Practica Capital has invested EUR200,000 (approximately US$257,000) in ImpressPages, a Lithuanian software developer. ImpressPages, creator of an open-source, drag-and-drop online content management system, intends to use the additional capital to grow its number of product users and to develop its ImpressPages Marketplace, where developers of… Read More
Hong Kong-based LJ International, a leading colored gemstone and diamond jeweler with retail and wholesale businesses, has announced its shareholders’ approval of a proposed management buyout by China-focused private equity firm FountainVest. Upon completion of the transaction, LJ International will be delisted from the NASDAQ Stock Market and owned… Read More
International middle-market private equity firm Citi Venture Capital International (CVCI Private Equity) has invested INR3.4 billion (approximately US$55.8 million) in India-based engineering company Sansera Engineering. The company, which operates seven manufacturing and machining plants across four Indian states, intends to use the funds for further business expansion. Read More
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