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Montagu Private Equity Agrees to Sell Its Stake in Euromedic (CEE and CIS)
Europe-focused private equity firm Montagu Private Equity has agreed to sell its entire holding in Hungary-based provider of diagnostics imaging and cancer care services Euromedic International to majority shareholder Ares Life Sciences. Ares Life Sciences is an investment partnership controlled by Waypoint Capital, a wealth manager associated with Swiss businessman Ernesto Bertarelli. The deal reportedly values the company at between… Read More
Ironwood Capital Partners Holds a US$25 Million First Close on Its Debut Sri Lanka-dedicated Fund (Asia)
Private equity firm Ironwood Capital Partners has held a first close on its debut Sri Lanka-dedicated vehicle with US$25 million in capital commitments. Ironwood is targeting US$30 million for a final close. Investors in the first close included primarily Asian high net-worth individuals. The fund will focus on investments of between US$3 million and US$7 million in small- and medium-sized… Read More
Gramercy Funds Management Invests US$34 Million in Grupo Credivalores (Latin America)
Emerging markets-focused investment manager Gramercy Funds Management has invested US$34 million in Colombia-based consumer finance company Credivalores-Crediservicios, its affiliates and its subsidiaries (together known as Grupo Credivalores). Grupo Credivalores offers credit to low- and middle-income populations in Colombia. The company intends to use the capital to fund an upgrade of its technology platform, as well as strengthen its management team… Read More
Lightspeed China Partners and Google Capital Lead a US$38 Million Series C Financing Round for InnoLight Technology (Asia)
Venture capital firm Lightspeed China Partners and Google Capital, a growth equity fund backed by Google, have led a US$38 million Series C financing round for China-based InnoLight Technology, a supplier of high-speed optical transceivers. The company intends to use the capital to expand its productive capacity. InnoLight Technology designs, builds and markets optical transceivers that enable bandwidth expansion of… Read More
JD Capital Reaches a US$200 Million Final Close on Jiuding China Growth Fund II (Asia)
China-focused investment firm JD Capital has reached a final close on its second USD-denominated fund, Jiuding China Growth Fund II, with US$200 million in capital commitments. Investors in the fund included Allianz Group, Allstate Insurance, Partners Group and the family office of BMW. The new fund will invest in growth-stage companies across the retail, pharmaceutical, agriculture, mining and services sectors,… Read More
CapMan Russia II Reaches a EUR99.1 Million Final Close (CEE and CIS)
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan Group, has reached a final close on CapMan Russia II with EUR99.1 million (approximately US$126 million) in capital commitments. The fund will target small- and medium-sized enterprises operating in Russia’s consumer sector and has already completed two investments. Read More
Adenia Partners Acquires Mauvilac (Sub-Saharan Africa)
Adenia Partners, a private equity fund manager focused on West Africa and the Indian Ocean region, has acquired Mauritius-based Mauvilac, a paint, coatings and chemical products manufacturer and marketer, from the company’s founders and other Mauritian shareholders. The transaction was structured through Adenia Capital (III), a US$125 million fund that closed in February 2012. Mauvilac intends to pursue growth opportunities… Read More
AIF Capital and New Asia Partners Lead a US$15 Million Series B Financing Round for Huy Vietnam Group (Asia)
Private equity firms AIF Capital and New Asia Partners have led a US$15 million Series B financing round for Vietnam-based restaurant operator Huy Vietnam Group. AIF Capital’s investment was structured through AIF Capital Asia IV. Investment management firm Fortress Capital Asset Management also participated in the round. Huy Vietnam intends to use the capital to continue growing the brand presence… Read More
XSML Backs Manoah Investments (Sub-Saharan Africa)
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based meat processing company Manoah Investments. The transaction was structured through XSML’s Central Africa SME Fund. The capital will be used to develop plots of land for residential use in Lubumbashi. Financial details of the transaction were not disclosed. Read More
Tiantu Capital Holds a US$63 Million First Close on Tiantu China Consumer Fund I; Invests in Restaurant Chain Muwu (Asia)
China-focused private equity and venture capital firm Tiantu Capital has reached a first close on its debut USD-denominated fund, Tiantu China Consumer Fund I, with US$63 million in capital commitments. The vehicle received US$38 million in commitments from family offices and funds of funds in Asia and the United States, with an additional US$25 million contributed by Tiantu Capital. Separately,… Read More
Vital Capital and OPIC Provide Financing to Luanda Medical Center (Sub-Saharan Africa)
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has closed a US$16.6 million equity investment in Angola-based medical clinic Luanda Medical Center (LMC). Vital Capital’s investment was made in conjunction with a US$9.8 million loan from the Overseas Private Investment Corporation (OPIC). LMC, which will begin serving patients in the fourth quarter of 2014, intends to… Read More
Bozano Investimentos Exits a Six Percent Stake in Brazil-based Anima Educação (Latin America)
Family office fund manager Península has acquired a six percent stake in Brazil-based higher education company Anima Educação from BR Educacional, a fund managed by alternative asset management firm Bozano Investimentos, for BRL144 million (approximately US$60 million). BR Educacional continues to hold a four percent stake in the company. Read More