Serendipity Infolabs, the India-based operator of online taxi reservation service TaxiForSure.com, has raised venture capital funding from global venture capital investor Accel Partners and India-based firms Helion Venture Partners and Blume Ventures. TaxiForSure, which caters to business travelers, is currently available in Bangalore and plans to soon expand to… Read More
Nexxus Capital, a Mexico-based fund manager, has acquired a 31 percent stake in Price Travel, a travel services provider focused on the Mexican market. Price Travel’s current operations include an online platform and 98 Price Travel Shops offering hotel reservations, airline tickets, ground transport, tours and vacation packages. This… Read More
Actis has announced the sale of its 85 percent stake in Accra Mall, a shopping and leisure center in Ghana, to Atterbury, a South Africa-based property developer, and Sanlam, a financial services group also based in South Africa. Actis led the development of Accra Mall in partnership with the… Read More
TVM Capital MENA, a Dubai-based private equity and growth capital investor focused on the healthcare markets of the Middle East, North Africa and India, has held a final close of US$50 million for TVM Healthcare MENA I. With the final close, Crescent Enterprises, a diversified holding company based in… Read More
Quikr, an Indian internet and mobile classifieds platform, has raised US$32 million in a financing round led by Warburg Pincus, a global private equity investor specializing in growth investments. Existing investors Matrix Partners India, Norwest Venture Partners and eBay also participated. Quikr will use the new capital… Read More
The Board of Directors of the African Development Bank Group (AfDB) has approved a US$100 million anchor investment in Agvance Africa, an agribusiness-focused fund of funds to be managed by Credit Suisse Customized Fund Investment Group (CFIG). Agvance Africa is focused on promoting private investment in African agriculture and… Read More
Penta Investments, a Central and Eastern Europe-focused private equity and real estate investor based in the Czech Republic, has acquired a 19.5 percent stake in Polish retailer Empik Media & Fashion (EM&F) from Eastbridge Capital, a Luxembourg-based investment fund. Penta now holds 33.5 percent of the company, with Eastbridge… Read More
The Riverside Company, a U.S.-based global private equity firm, has sold MK Chimney Systems of Poland to French firm Isotip-Joncoux Group. Riverside, which first invested in the Polish chimney systems producer in 2006, has earned a 2.9x cash-on-cash return from the sale. Read More
VTB Capital, the investment arm of Russia-based VTB Group, has acquired a minority stake in Russian mining firm, Zapadnaya Gold Mining Ltd. (ZGML). ZGML, which has over 25 years of experience in the gold mining industry in Eastern Siberia, plans to use the investment capital to complete construction of… Read More
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