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Creador Acquires a Minority Stake in PC Jeweller (Asia)
Southeast Asia- and India-focused private equity firm Creador Capital has invested INR1.35 billion (approximately US$22 million) in India-listed jewelry retailer PC Jeweller. The transaction was structured through Creador II. PC Jeweller operates jewelry showrooms across India, as well as an online retail platform. The company intends to use the fresh capital to expand to smaller cities in India, with a… Read More
Phatisa and Africa Reit Agree to Develop a Residential Complex in Nairobi (Sub-Saharan Africa)
Private equity fund manager Phatisa has entered into a partnership with Kenya-based property developer Africa Reit to develop a six-acre residential rental complex in Nairobi. The transaction will be structured through Phatisa’s Pan African Housing Fund. Once completed, this project will provide homes to approximately 1,400 young adults. Financial details of the transaction were not disclosed. Read More
Vinci Partners Reduces Its Stake in Equatorial Energia (Latin America)
Brazil-focused alternative investment and asset management firm Vinci Partners has sold a 10 percent stake in Brazil-listed energy holding company Equatorial Energia via a share sale worth BRL522 million (approximately US$183 million). Vinci Partners continues to hold a 12.9 percent stake in the company. Read More
Cordiant Capital Holds a US$350 Million Final Close on Cordiant Emerging Loan Fund IV (Global)
Cordiant Capital, a fund manager specializing in emerging markets investments, has reached a final close on its emerging markets-focused debt vehicle Cordiant Emerging Loan Fund IV with US$350 million in capital commitments. Investors included pension funds and insurance companies. The fund will focus on senior secured loans and has a pipeline of investments across sectors, including infrastructure, manufacturing and financial… Read More
Baring Private Equity Asia Reaches a Final Close on Fund VI (Asia)
Asia-focused private equity firm Baring Private Equity Asia has reached a final close on Baring Private Equity Asia Fund VI with approximately US$4 billion in capital commitments, reaching its hard cap. Investors in the fund included Los Angeles City Employees' Retirement System, Texas County & District Retirement System, Pennsylvania Public School Employees' Retirement System, San Francisco City & County Employees'… Read More
IDFC Alternatives to Buy a 26 Percent Stake in Delhi Cargo Service Centre (Asia)
India-focused private equity firm IDFC Alternatives has agreed to acquire a 26 percent stake in India-based Delhi Cargo Service Centre, the cargo services operator at Delhi’s Indira Gandhi International Airport, for INR286 million (approximately US$4.6 million). The deal will be structured through IDFC’s India Infrastructure Fund II. IDFC will purchase the stake from India-based airport operator Delhi International Airport (DIAL),… Read More
Accion and SAIF Partners Back Small Business Lender Aye Finance (Asia)
Global microfinance investor Accion and venture capital firm SAIF Partners have invested US$1 million in India-based Aye Finance, a provider of loans to micro, small, and medium-sized businesses. Accion’s investment was structured through its Venture Labs initiative. Read More
The Abraaj Group Buys a 25 Percent Stake in Turkey-based Online Retailer Hepsiburada (CEE and CIS)
Global growth markets investor The Abraaj Group has acquired a 25 percent stake in Turkey-based online retailer Hepsiburada for a reported US$100 million. Hepsiburada intends to use the fresh capital to expand its e-commerce operations in Turkey, relocate to a new fulfillment center, improve its IT infrastructure and strengthen its mobile platform. Read More
Ribbit Capital Leads a Series C Round for ContaAzul (Latin America)
ContaAzul, a Brazil-based provider of accounting and invoicing software to small- and medium-sized enterprises, has received a Series C funding round from venture capital firm Ribbit Capital, with participation from global investment firm Tiger Global Management and venture capital firms 500 Startups, Monashees Capital and Valar Ventures. The company intends to use the capital to develop a new platform catered… Read More
H Capital Leads a US$100 Million Series D Round for 17zuoye (Asia)
17zuoye, a China-based education start-up, has raised US$100 million in a Series D financing round led by venture capital firm H Capital, with participation from Singaporean sovereign wealth fund Temasek, Russian venture capitalist Yuri Milner and venture capital firm Shunwei Capital Partners. The company operates an online education platform for students, teachers and parents. It intends to use the funding… Read More
Shunwei Capital Partners Closes Its First RMB-denominated Fund (Asia)
China-focused venture capital firm Shunwei Capital Partners has closed its first RMB-denominated fund with RMB1 billion (approximately US$160 million) in capital commitments. The fund will invest in the areas of intelligent hardware, mobile internet, online finance, online education and travel sites. Shunwei previously raised two USD-denominated funds, with the most recent one holding a final close in June 2014. Read More
TPG Sells a 17.5 Percent Stake in Bank Tabungan Pensiunan Nasional to Sumitomo (Asia)
Global private investment firm TPG Capital has exited a 17.5 percent stake in Indonesia-based lender Bank Tabungan Pensiunan Nasional (BTPN) through a strategic sale to Japan-based conglomerate Sumitomo for IDR5.9 trillion (approximately US$457 million). Post-transaction, TPG will hold an 8.38 percent stake in BTPN, while Sumitomo will hold a 20 percent stake in the bank. TPG initially acquired a 71.6… Read More