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Axxon Group Closes Axxon Brazil Private Equity Fund III (Latin America)
Axxon Group, a private equity firm that focuses on small and mid-cap companies in Brazil, has reached a final close for its Axxon Brazil Private Equity Fund III with US$400 million in capital commitments, exceeding its US$350 million target. Investors in the fund include endowments, foundations, public and private pension funds, financial institutions, advisors, family offices and funds of funds… Read More
Hera Capital Exits Its Stake in ActSocial to Linkfluence (Asia)
Southeast Asia-focused private equity investor Hera Capital has agreed to sell its stake in China and Singapore-based social media analytics company ActSocial to Linkfluence, a France-based social media analytics company. The transaction took place as part of Linkfluence’s acquisition of the company. Hera originally invested in ActSocial in 2013. Financial details of the transaction were not disclosed. Read More
BTG Pactual Agrees to Partially Exit Brazil-based Bravante to Existing Shareholders (Latin America)
Latin America-focused investment bank BTG Pactual’s private equity arm has agreed to reduce its stake in Brazil-based Bravante, a service provider for offshore oil platforms, from 47 percent to 10 percent via a sale to existing shareholders in the company. BTG Pactual originally invested in Bravante in 2010. Financial details of the transaction were not disclosed. Read More
Mid Europa Partners Agrees to Increase Its Stake in Walmark to 100 Percent (CEE and CIS)
Mid Europa Partners, a private equity firm focused on Central Europe and Turkey, has agreed to increase its stake in Czech Republic-based consumer healthcare company Walmark to 100 percent. Mid Europa, which originally acquired a 50 percent stake in the company in 2012, is buying the remaining stake from the company’s founding Walach family. Financial details of the transaction, which… Read More
Phatisa Agrees to Develop Izuba City with Kigali Batsinda Estate (Sub-Saharan Africa)
Private equity fund manager Phatisa has entered into an agreement with Rwanda-based real estate developer Kigali Batsinda Estate to develop Izuba City, a 300-unit housing complex in Rwanda. The investment will be structured through the Pan African Housing Fund, a real estate fund managed by Phatisa. Financial details of the transaction were not disclosed. Read More
Mediterrania Capital Invests in Tunisia-based Société Meunière Tunisienne (MENA)
North Africa-focused private equity firm Mediterrania Capital Partners has acquired a 23 percent stake in Tunisia-based wheat collection, transformation and distribution company Société Meunière Tunisienne (SMT), which sells pasta under the Randa brand name. The transaction was structured through Mediterrania Capital II. SMT intends to use the capital to consolidate the Randa brand in Tunisia and accelerate its international expansion.… Read More
IDG Ventures India, 500 Startups and advantEdge Partners Lead a Funding Round (Asia)
Venture capital firms IDG Ventures India, 500 Startups and advantEdge Partners have led a round of funding for India-based Tripoto Travel, which owns and operates a travel itinerary portal. Individual investors Neeraj Arora, vice president of mobile messaging application WhatsApp, and Leon Seynave, chairman of global investment office Stanhope Capital, also participated in the round. The company intends to use… Read More
Everstone Acquires a 51 Percent Stake in India-based SJS Enterprises (Asia)
India- and Southeast Asia-focused private equity and real estate investment firm The Everstone Group has acquired a 51 percent stake in India-based industrial graphics manufacture SJS Enterprises for an estimated INR3.5 billion (approximately US$54 million). Everstone purchased a 26 percent stake in the company from United States-based printing company Serigraph, and purchased the remaining 25 percent stake from SJS’s management.… Read More
IDG Ventures India and 500 Startups Participate in a Series A Round for Tripoto Travel (Asia)
India-focused venture capital firm IDG Ventures India, venture capital firm 500 Startups and India-focused early-stage investor advantEdge Partners have led a Series A financing round for India-based Tripoto Travel, operator of a travel itinerary website. Angel investors Neeraj Arora and Leon Seynave also participated in the round. The company plans to use the funds to improve the website’s content by… Read More
KKR, Alibaba and Ping An Group to Invest US$300 Million in China-based 58 Daojila (Asia)
Global investment firm KKR, China-based e-commerce company Alibaba and China-based insurance company Ping An Group have agreed to invest US$300 million in China-based online marketplace 58 Daojia (“58 Home”), a subsidiary of 58.com, in a Series A funding round. The company will use the capital to enhance its platform with new investments in marketing, research and development, and other operating… Read More
Actis Sells Its Remaining Stake in Phoenix Lamps to Suprajit Engineering (Asia)
Pan-emerging markets private equity firm Actis has sold its remaining stake in India-listed automotive lighting company Phoenix Lamps to auto component manufacturer Suprajit Engineering via an off market sale for INR271.2 million (approximately US$4.2 million). Actis sold its 10.88 percent stake at a share price of INR89 (approximately US$1.40). Read More
Northstar Group’s Venture Arm NSI Ventures Raises US$80 Million for Its Debut Fund (Asia)
Southeast Asia-focused early-stage technology investor NSI Ventures, the venture arm of Southeast Asia-focused private equity fund manager Northstar Group, has closed its debut fund with more than US$80 million in capital commitments. NSI Ventures invests in startups in the areas of consumer applications, fintech, cloud software and smart hardware. Northstar Group was an anchor investor in the fund. Read More