Peru-based private equity firm Nexus Group has announced the closing of its second private equity fund, NG Capital Partners II, with US$600 million in committed capital. The fund will primarily invest in Peru, but may also invest in other Andean countries. The firm raised capital from international pension plans,… Read More
Tata Capital, the private equity arm of India’s Tata Group, has closed its India-focused Tata Opportunities Fund with US$600 million in capital commitments. The fund, which is sector-agnostic, will pursue growth and buyout deals in India. Tata Capital received commitments from institutional investors in North America, Asia and the… Read More
China-based alternative asset fund manager CDH Investments has invested RMB30 million (approximately US$4.8 million) in Dapu.com, a Chinese online retailer of home textiles. Dapu, launched in August 2012, sells bed sheets, towels and other textile products. The investment marks Dapu’s first institutional round of funding. Read More
Motilal Oswal Private Equity, a subsidiary of Indian financial services company Motilal Oswal Financial Services, has held a third close on its India Business Excellence Fund-II (IBEF-II) with INR5.6 billion (approximately US$103.5 million) in capital commitments. The private equity fund plans to pursue investments in high growth companies and… Read More
Chinese alternative investment firms CITIC Capital Partners and CDH Investments have sold their stakes in Nanjing Aotecar, a Chinese automotive components manufacturer, to private investment firm Tianyou Investment. CITIC and CDH originally invested in Aotecar, a former state-owned enterprise, in 2007. While financial details of the transaction were not… Read More
Shareholders of Chinese digital media company Focus Media Holding have voted in favor of the company’s plan to delist from the NASDAQ stock exchange. Several private investment firms are involved in the transaction, including The Carlyle Group, FountainVest Partners, CITIC Capital Partners, China Everbright and Fosun International. The deal,… Read More
Standard Chartered Private Equity Limited (SCPEL), the private equity arm of Standard Chartered Bank, has exited its holdings in Bahrain-based retailer Hassan Mohammed Jawad & Sons. SCPEL originally invested US$75 million in mezzanine financing in the company, which operates approximately 550 stores in the Middle East and India, in… Read More
Panama-headquartered English-language learning service Open English has raised US$65 million in its Series D venture capital financing round led by technology-focused private equity and venture capital firm Technology Crossover Ventures. Redpoint Ventures and Insight Venture Partners also participated in the transaction. The funding is intended to finance Open English’s… Read More
Pan-emerging markets investment firm The Abraaj Group has sold its stake in Unitrio Technology Limited (UTL), a Thai designer and builder of data center facilities, to Japanese engineering firm NTT Facilities, a member of the Japanese Nippon Telegraph and Telephone Corporation. Abraaj originally invested in UTL through its South… Read More
China-focused growth capital investor China New Enterprise Investment (CNEI) has sold its stake in Jilin Liyuan Aluminum , a Chinese manufacturer of aluminum extrusion products, for a total value US$77.2 million on the Shenzhen SME Board. CNEI originally invested US$7.5 million in Liyuan for a 16 percent stake in… Read More
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