Global emerging markets private equity firm Wolfensohn Fund Management has agreed to purchase a 0.5 percent stake in India’s National Stock Exchange (NSE) for INR900 million (approximately US$16.5 million). Wolfensohn will purchase the shares from Indian infrastructure finance company IDFC. The investment is subject to regulatory approval from India’s… Read More
Poland-based private equity and venture capital firm Enterprise Investors (EI) has agreed to invest EUR7 million (approximately US$9 million) in Elemental Holding, a Polish recycling company specializing in non-ferrous metals and electro-waste. Elemental Holding intends to use the investment to acquire other companies in its sector. EI structured the… Read More
Hong Kong-based investment firm ADM Capital, through its subsidiary Twenty Two Dragons, has invested US$50 million in a subsidiary of Chengdu Tianqi Industry Group Co. (Tianqi), a Chinese lithium products manufacturer. The investment is part of a financing package to fund Tianqi’s acquisition of Australian lithium mining company Talison… Read More
U.S.-based venture capital firm Norwest Venture Partners (NVP) has invested US$8 million in Trendsutra Platform Services, the Indian company that owns and operates online retail website Pepperfry.com. Trendsutra intends to use the funding to increase the number of offerings on its website and to open more fulfillment centers, where… Read More
United Arab Emirates-based alternative asset management firm Gulf Capital has announced the third close of its Gulf Capital Credit Opportunities Fund with US$215 million in committed capital. Launched in 2011, the fund has received commitments from institutional investors and family offices around the globe, including a US$20 million anchor… Read More
International Finance Corporation (IFC), the private sector development arm of the World Bank Group, is raising a fund to invest in companies focused on power, transportation, utilities and telecommunications in emerging markets. The IFC Global Infrastructure Fund has raised US$500 million to date from institutional investors, including a US$100… Read More
Fundo Pitanga, a Brazilian private equity fund, has invested in Brazilian industrial automation systems developer I.Systems. I.Systems has developed a tool to improve the performance of current industrial automation software, and intends to use the funding to market its product in Brazil and abroad. Financial details of the transaction… Read More
Chinese private equity firm CITIC Private Equity has purchased Hoau, the Chinese subsidiary of Dutch road services company TNT Express. Hoau operates a domestic road distribution network with about 1,500 depots, covering more than 600 cities throughout China. Financial details of the transaction, which is subject to regulatory approval,… Read More
Global investment firm TPG has participated in the US$173 million privatization of China’s ShangPharma Corporation. ShangPharma is a pharmaceutical and biotechnology research and development outsourcing company previously listed on the New York Stock Exchange. TPG originally invested US$35 million in ShangPharma in 2007, and partially exited the company following… Read More
Global venture capital firm General Catalyst Partners has led a US$25 million investment in Russian online travel services company Ostrovok.ru. The company intends to use the investment to fund the development of new and existing products, including a service to book hotels on partner websites. Additional participants in the… Read More
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