CAG Digital Internet Holdings, an investment vehicle affiliated with global private equity firm The Carlyle Group, has sold a 9 percent stake in Chinese digital cinema equipment and solution provider GDC Technology to Chinese private film production company Huayi Brothers Media Group for US$21 million. In addition… Read More
Middle East and Africa-focused private equity firm Citadel Capital SAE, Qatari investment bank QInvest and other Qatari investors have agreed to form a joint venture to construct and own a Floating LNG Storage and Regasification Unit (FSRU) in Egypt. The new FSRU will regasify liquid natural gas and market… Read More
Russia and CIS-focused private equity firm Elbrus Capital has invested in Russian express delivery service SPSR-Express. As part of the transaction, Elbrus will acquire a portion of the stake currently held by the Russian Retail Growth Fund, which is managed by Russian private equity firm Svarog Capital Advisors. The… Read More
Private equity-backed Chinese social media platform YY listed an IPO on the NASDAQ Stock Market, issuing 156 million shares and raising approximately US$81.9 million. YY’s IPO was underwritten by private equity firms Morningside Group, GGV Capital and Steamboat Ventures, as well as hedge fund Tiger Global Management. This is… Read More
Blue River Capital, an Indian private equity firm, has completely exited from its investment in India’s City Union Bank. Blue River first invested in City Union Bank in 2007 as part of a consortium that included Dutch development finance institution FMO and U.S.-based venture capital firm Argonaut… Read More
CyberAgent Ventures, the venture capital arm of Japanese internet company CyberAgent, has invested in Vietnamese online restaurant review search engine Foody. Launched in August 2012, Foody has compiled information on over 10,000 restaurants and posted 5,000 user reviews. CyberAgent invested from its Southeast Asia-focused venture capital fund CA Asia… Read More
Matrix Partners India, the Indian affiliate of U.S.-based investment firm Matrix Partners, has acquired a minority stake in India’s Mewar Orthopaedic Hospitals, which provides surgical orthopedic care from hospitals in three Indian states: Rajasthan, Gujarat and Madhya Pradesh. The company plans to open a 100-bed center of excellence which… Read More
Indonesian private equity firm Northstar Pacific Capital will acquire a 50.05 percent stake in Singaporean telecommunications company Nera Telecommunications. Northstar’s newly incorporated unit, Asia Systems, will purchase the stake from Norwegian electronics and energy company Eltek for SGD89 million (approximately US$72.5 million). Northstar reportedly intends to make offers to… Read More
Global private equity firm Trilantic Capital Partners has sold its stake in Turkish restaurant operator Istanbul Doors Group to Doğuş Group, a Turkish conglomerate. Istanbul Doors Group operates 35 restaurants in five countries including Turkey, the United Kingdom, Russia and Azerbaijan. Trilantic first invested in the company in 2008;… Read More
Latin America-focused private equity firm Southern Cross Group has acquired more than 50 percent of Sociedad Portuaria Regional de Barranquilla (SPRB), the operator of the Colombian port of Barranquilla. Southern Cross made the investment through its Southern Cross IV private equity fund. While financial details of the transaction were… Read More
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