Global private equity firm Summit Partners, American industrial group Access Industries and German conglomerate Tengelmann Group have collectively invested US$130 million in Russian online shopping service Lamoda. The investment is intended to increase Lamoda’s brand portfolio as well as expand its Russia-focused home delivery service, Lamoda Express. Lamoda was… Read More
Chinese e-commerce company LightInTheBox has held an initial public offering on the New York Stock Exchange, reportedly raising US$79 million. The listing marks the first initial public offering of a Chinese company on a U.S. stock exchange in 2013 to date. The company is backed by China-focused private equity… Read More
ACON Investments, a private equity firm focused on the United States and Latin America, has exited its investment in Mexico’s InverCap Holdings, which manages independent Mexican pension fund manager Afore InverCap, in a company buyback. ACON originally invested in InverCap via a mix of debt and warrants in October… Read More
Moroccan private equity firm Capital Invest’s Capital North Africa Venture Fund II, a fund focused on providing equity and quasi-equity financing to local small- and medium-sized enterprises, has held a first close with over EUR75 million (approximately US$99 million) in capital commitments. The fund has a final target size… Read More
Oaktree Capital Management, a global alternative investment management firm, has invested approximately INR1.2 billion (approximately US$21 million) in India-based Cogent Glass, a pharmaceutical packaging company, acquiring a 60 percent stake in the company. Under the terms of the transaction, Oaktree’s portfolio company SGD, a French glass manufacturer for the… Read More
Indian venture capital firm Nexus Venture Partners has invested US$2.5 million in Indian online real estate search platform Housing.co.in as part of a pre-Series A round of financing. In addition to developing new technologies, Housing.co.in intends to use the funding to set up a data science lab to leverage… Read More
Africa, Asia and Latin America-focused private equity firm Actis has invested US$290 million for a 60 percent stake in Aela Energía, a Chilean wind and solar energy provider. Mainstream Renewable Power, a global wind and solar energy developer, invested alongside Actis and will own the remaining 40 percent stake… Read More
The private equity arm of Goldman Sachs has invested US$135 million in ReNew Power, an Indian wind energy firm. This transaction follows two prior investments made by Goldman Sachs in ReNew in 2011, collectively totaling US$250 million and giving the firm a majority stake. ReNew intends to use this… Read More
Indonesian private equity firm Saratoga Capital has listed an investment vehicle, Saratoga Investama Sedaya (SIS), on the Indonesia Stock Exchange, raising around US$151 million. The vehicle contains stakes in several of Saratoga Capital’s key holdings, including Adaro Energy and Tower Bersama Infrastructure. SIS sold 271 million new shares, representing… Read More
BaltCap, a private equity and venture capital firm focused on the Baltic countries, has invested EUR1.5 million (approximately US$2 million) in PostService Group, a privately owned postal operator in Latvia. PostService Group operates forty parcel delivery and shipment terminals under the Mana Pasta Stacija brand name. BaltCap structured the… Read More
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