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Synergy Capital Managers Backs Suburban Fiber Company (Sub-Saharan Africa)
Nigeria- and Ghana-focused private equity firm Synergy Capital Managers has invested in Nigeria-based broadband communications provider Suburban Fiber Company. The transaction was structured through Synergy Private Equity Fund I. With Synergy Capital’s backing, Suburban Fiber plans to attract new customers by investing in network expansion, marketing, bandwidth and content. Financial details of the transaction were not disclosed. Read More
Vision Knight Capital Leads a US$20 Million Series B Round for Online Shopping Platform Ezbuy (Asia)
Private equity and venture capital firm Vision Knight Capital has led a US$20 million Series B financing round for Singapore-based Ezbuy, an online shopping platform formerly known as 65daigou. Other investors in the round included existing backers IDG Ventures and China Growth Capital. Ezbuy will use the fresh funds to expand the company's market share in Southeast Asia and to… Read More
The Riverside Company Agrees to Sell Hungary-based Diatron Group (CEE and CIS)
Global private equity firm The Riverside Company has agreed to sell Hungary-based hematology analyzer systems manufacturer Diatron Group to Germany-based clinical diagnostics and biotechnology company STRATEC Biomedical. Riverside originally invested in Diatron in 2005. Diatron develops, manufactures and markets compact hematology analyzers for the human medical and veterinary markets. Financial details of the transaction, which is expected to close by… Read More
CMC Capital Partners and FountainVest Partners Partially Exit IMAX China (Asia)
Private equity firms CMC Capital Partners and FountainVest Partners have sold 20 million shares in Hong Kong-listed cinema company IMAX China via a block trade on the Hong Kong Stock Exchange. The sale was part of an agreement in which CMC and FountainVest extended the lock-up period for their remaining stakes an additional three months from the previously agreed date… Read More
AfricInvest & Microcred Group Agree to Acquire Zimbabwe-based MicroKing Finance (Sub-Saharan Africa)
Pan-African private equity firm AfricInvest and microfinance firm Microcred Group have agreed to acquire a 100 percent stake in Zimbabwe-based financial products and services provider MicroKing Finance. AfricInvest, which will acquire a 30 percent stake in the company, will structure its investment through AfricInvest Financial Sector Fund. MicroKing provides financial services that are accessible and adapted to the needs of… Read More
Practica Capital Invests EUR1.5 Million in East West Agro (CEE and CIS)
Lithuania-focused venture capital firm Practica Capital has invested EUR1.5 million (approximately US$1.7 million) in Lithuania-based agriculture machinery vendor East West Agro (EWA). The transaction was part of a larger funding round, which included Sweden-based lender Swedbank, totaling EUR6 million (approximately US$6.8 million). EWA will use the new funds to become an authorized dealer of Massey Ferguson, United States-based agricultural machinery manufacturer. Read More
Cathay Capital Private Equity Invests in Human Resources Management Platform Ifchange (Asia)
Cross-border private equity firm Cathay Capital Private Equity has completed an investment in China-based human resources recruitment platform Ifchange. The transaction was structured through Cathay Innovation Fund. Ifchange provides cloud-based tools for job seekers and human resources professionals. Financial details of the transaction were not disclosed. Read More
The Abraaj Group Leads a US$150 Million Financing Round for BigBasket (Asia)
Global growth markets investor The Abraaj Group has led a US$150 million funding round for India-based online grocery company BigBasket. Other participants in the round included development finance institution International Finance Corporation (IFC), which contributed US$19.3 million; growth investment firm Sands Capital Management; and venture capital firms Bessemer Venture Partners, Helion Venture Partners, Zodius Capital and Ascent Capital. BigBasket plans… Read More
Digital Media Partners Leads a US$2.5 Million Series A Round for Medical Departures (Asia)
Emerging markets-focused venture capital firm Digital Media Partners has led a US$2.5 million Series A financing round for Medical Departures, a Thailand-based online platform connecting patients with doctors and dentists around the world. Other investors in the round included media company Hubert Burda Media, internet services-focused investor CyberAgent Ventures and digital advertising company OPT SEA. Medical Departures will use the… Read More
CDH Investments Exits Hong Kong-listed Beijing Digital Telecom (Asia)
China-focused private equity and venture capital firm CDH Investments has sold a 21.66 percent stake in Hong Kong-listed Beijing Digital Telecom, operator of a chain of mobile phone retailers in China, for HKD367 million (approximately US$47 million) on the Hong Kong Stock Exchange. CDH originally invested in the company in 2007 in a transaction structured through CDH China Growth Capital… Read More
Hony Capital, CITIC Private Equity and Sequoia Capital Agree to Exit Happigo Home Shopping (Asia)
Private equity firms Hony Capital and CITIC Private Equity, along with venture capital firm Sequoia Capital, have agreed to exit China-listed online and TV shopping company Happigo Home Shopping via share sales on the Shenzhen Stock Exchange. Hony, CITIC and Sequoia will sell stakes of approximately 19 percent, nine percent and five percent, respectively. The investors will gradually exit their… Read More
Aqua Capital Acquires a Controlling Stake in Animal Feed Supplement Manufacturer Yes (Latin America)
Aqua Capital, a private equity firm focused on growth investments in mid-market companies in Latin America, has acquired a controlling stake in Yes, a Brazil-based manufacturer of supplements for animal feed, for a reported BRL40 million (approximately US$11 million). Yes plans to use the new capital to open two plants in São Paulo state and to expand its product line… Read More