CDIB Capital, the overseas private investment arm of Taiwan’s China Development Financial merchant bank, has invested US$19 million in Chinese furniture retailer Meilele by subscribing to a convertible bond issue. Meilele operates a consumer-to-consumer online retail service as well as 50 stores within China. Separately, CDIB Capital has invested… Read More
Chinese private equity firm Hony Capital has purchased a 10 percent stake in Chinese property developer Chengtou Holding. Hony purchased 299 million shares in Chengtou, which is listed on the Shanghai Stock Exchange, for RMB1.8 billion (approximately US$290 million). In addition to property development, Chengtou also has an environmental… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to acquire a controlling stake in Indian tire manufacturer Alliance Tire Group (ATG) from global private equity firm Warburg Pincus. ATG specializes in the manufacture and development of off-road tires for the construction, forestry and agricultural industries, with… Read More
Poland-based private equity and venture capital firm Enterprise Investors (EI) has exited its investment in Kruk, a Polish debt collection agency. EI sold shares equivalent to a 24.8 percent stake in the company on the Warsaw Stock Exchange, reportedly achieving a 9x cash-on-cash return multiple. EI originally invested in… Read More
Mexican private equity firm EMX Capital has announced the final close of EMX Capital Partners I with US$192.3 million in committed capital. The fund was raised through two parallel vehicles—a MXN1.5 billion (approximately US$124.1 million) vehicle for pension fund investors from Mexico and a US$68.2 million vehicle for local… Read More
India-focused private equity firm Baring Private Equity Partners India (BPEP India) has invested US$18 million in Indian consumer products manufacturer Dabur India, its second investment in the company. In late 2012, BPEP India invested around US$45 million in the company, which is listed on both the Bombay Stock Exchange… Read More
Brazilian private equity firm TMG Capital has invested in NeuroTech, a Brazilian software company. NeuroTech provides software services to clients to help them gather information from company databases. Financial details of the transaction were not disclosed. Read More
Ratnakar Bank, an Indian commercial banking institution, has raised INR3.24 billion (approximately US$60 million) from a consortium of investors. International Finance Corporation, the private sector development arm of the World Bank Group, and investment firms Aditya Birla Private Equity, Faering Capital, ICICI Investment Management, IDFC Alternatives and Ascent Capital… Read More
Moroccan Infrastructure Fund (MIF), a fund co-managed by Africa-focused private equity firm Emerging Capital Partners (ECP) and Moroccan private equity firm Attijari Invest, has exited its investment in Moroccan mining company Osead Maroc Mining (OMM). OMM is the controlling shareholder of Compagnie Minière de Touissit (CMT), a Moroccan lead… Read More
VTB Capital, the investment arm of Russia’s VTB Bank, has announced the acquisition of a minority stake in National Satellite Company, a Russian satellite television operator. National Satellite Company operates under the brand name Tricolor TV and has 9.12 million paid subscribers. The investment is intended to help the… Read More
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