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CDH Invests in Equipment Leasing Company Aver Asia (Asia)
China-focused private equity and venture capital firm CDH Investments has invested in Aver Asia, a Singapore-based equipment leasing company. The company, which has branch offices in Malaysia, Indonesia and Myanmar, provides equipment such as aerial lifts, compressors, generators, winches and forklifts to customers across Southeast Asia. Aver Asia plans to use the fresh investment to expand within the Southeast Asia… Read More
IDG Ventures India and Outbox Ventures Participate in a Funding Round for Tripoto (Asia)
Venture capital firm IDG Ventures India and seed stage investment firm Outbox Ventures have participated in a pre-Series A round of funding for India-based Tripoto, an operator of a travel website. The funds will be used for developing Tripoto’s mobile presence and expanding globally. Financial details of the transaction were not disclosed. Read More
AfricInvest to Acquire a Minority Stake in Elephant Group (Sub-Saharan Africa)
Pan-African private equity firm AfricInvest has entered into an agreement with Elephant Group, a Nigeria-based agricultural commodities trading, production, processing, marketing and distribution company, to acquire a minority stake in the company. Elephant Group intends to use the funding to increase its market share in commodities trading and expand its operations across African markets. Financial details of the transaction were… Read More
Creador Invests in Bank Index Selindo (Asia)
Creador, a private equity firm focused on Indonesia, Malaysia, Singapore and India, has invested IDR290 billion (approximately US$24 million) for a 20 percent stake in Indonesia-based lender Bank Index Selindo. The investment will raise the bank’s core capital to IDR900 billion (approximately US$69 million). Bank Index hopes to begin providing credit card and internet banking services by next year, approval… Read More
ACON Investments Completes Investment in BetterWare de México (Latin America)
International private equity investment firm ACON Investments has completed an investment in BetterWare de México, a Mexico-based seller of home organization products. The transaction was structured through ACON Latin America Opportunities Fund IV. Financial details of the transaction were not disclosed. Read More
Global Capital Management Acquires a Majority Stake in SPX (CEE and CIS)
Global Capital Management, the alternative asset management arm of Global Investment House, has acquired a 70 percent stake in Olgarlar Group, a Turkey-based retailer of sports clothing and equipment, which operates under the name SPX. The investment was structured through Global Capital Management’s GMFA Fund. SPX will use the new funds to increase its presence within Turkey and to enter… Read More
ChrysCapital Invests in South Indian Bank (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has invested INR527.8 million (approximately US$8.4 million) in India-listed lender South Indian Bank for a 1.5 percent stake in the company. ChrysCapital purchased 20.5 million shares at INR25.75 (approximately US$0.41) apiece through its investment vehicle Lavender Investments. Read More
Uxin Raises US$170 Million from KKR, Baidu and Coatue Management (Asia)
Global investment firm KKR, China-based search engine operator Baidu and investment management firm Coatue Management have invested US$170 million in Uxin, a China-based online used car auction company. KKR’s investment was structured through its China Growth Fund. Uxin will use the new funding to expand its business-to-consumer platform Uxin Used Car, which will connect auto retailers with used car buyers… Read More
ARX Equity Partners Acquires Diagnostični Center Bled (CEE and CIS)
ARX Equity Partners, a private equity investor focused on mid-sized companies in Central and Eastern Europe, has acquired a 100 percent stake in Slovenia-based healthcare services provider Diagnostični Center Bled (DCB). ARX Equity Partners acquired the company with the intention to consolidate and grow DCB’s position in Slovenia’s diagnostics sector. Financial details of the transaction were not disclosed. Read More
IDG Ventures India Invests in NestAway (Asia)
Venture capital firm IDG Ventures India has led an INR80 million (approximately US$1.3 million) investment in India-based online apartment rental platform NestAway, with participation from a number of angel investors. The company will use the new investment to launch operations in the New Delhi area and Pune. Read More
CNEI Invests in Chenzhou Yangtao Chemical (Asia)
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$8.5 million in Chenzhou Yangtao Chemical, a China-based mine tailing and metallurgy waste treatment company. The transaction was structured through China New Enterprise Investment Fund II. The company intends to use the new investment for capacity expansion and value chain extension. Read More
Advent International to Acquire a Stake in Grupo Financiero Mifel (Latin America)
Global private equity firm Advent International has agreed to invest MXN800 million (approximately US$51 million) for a minority stake in Mexico-based retail banking company Grupo Financiero Mifel. Mifel will use the capital injection to strengthen its capital structure and support its goal of achieving continued growth in Mexico. The transaction is pending regulatory approval and is expected to be completed… Read More