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CDH Venture Closes Its Third Fund (Asia)
CDH Venture, a venture capital team under the umbrella of China-focused alternative asset fund manager CDH Investments, has closed its third venture capital fund with more than US$100 million in capital commitments. The fund intends to target businesses that are moving from the offline to online space, as well as healthcare start-ups, and has already invested in nine companies since… Read More
Amwal AlKhaleej Acquires a Majority Stake in Sports Retailer Umark (MENA)
Amwal AlKhaleej, a private equity firm focused on the Middle East and North Africa, has acquired a majority stake in Umark, a Saudi Arabia-based sports retailer and distributor of personal care and home appliance products. The transaction, which took the form of a capital increase, is intended to finance the company's expansion in the sports retail, personal care and home… Read More
Swicorp Acquires a 30 Percent Stake in BRC Industrial (MENA)
Swicorp, a MENA-focused investment banking and asset management firm, has acquired a 30 percent stake in Saudi Arabia-based steel products manufacturing and processing company BRC Industrial. The transaction was structured through Sadeed Investment, a Swicorp-owned investment vehicle. BRC Industrial intends to strengthen its position in the domestic reinforcement steel and fencing markets. Financial details of the transaction were not disclosed. Read More
Actis to Invest US$250 Million in Mexican Energy Platform Zuma Energía (Latin America)
Pan-emerging markets private equity firm Actis is committing US$250 million to establish Mexico-focused energy platform Zuma Energía, which will target over 500MW of installed capacity in the country. Zuma Energía’s strategy involves both partnering on new projects and developing its own proprietary pipeline. The platform has completed its first acquisition, closing the financing of PE Ingenio, a 50MW wind farm located… Read More
Partners Group Backs Turkey-based Natural Gas Company Enerya (CEE and CIS)
Global private markets investment manager Partners Group has acquired a 30 percent stake in Turkey-based natural gas distributor Enerya. The stake was acquired from Enerya's parent company, Turkey-based infrastructure conglomerate STFA Group, which continues to hold the remaining equity. Enerya owns and operates nine natural gas distribution companies in different regions in Western and Central Turkey, each with exclusive 30-year… Read More
IDG Ventures India Leads an INR20 Million Seed Financing Round for myNoticePeriod.com (Asia)
India-based online recruitment company myNoticePeriod.com has raised more than INR20 million (approximately US$330,000) in a seed stage financing round led by venture capital firm IDG Ventures India. Individual angel investors also participated in the round. The company intends to use the capital to strengthen its team, increase revenues and invest in hiring technologies. Read More
Avallon MBO Fund II Buys MPS International (CEE and CIS)
Private equity fund manager Avallon has signed an agreement to acquire 100 percent of Poland-based cosmetics manufacturer MPS International, together with the company’s management, from Sweden-based holding company MPS Holding. The transaction was structured through Avallon MBO Fund II. MPS International will continue to focus on manufacturing cosmetics and household cleaning products under private labels and on the production of… Read More
Intel Capital, EBRD, Flint Capital and VTB Capital Invest US$7.3 Million in Webinar.ru (CEE and CIS)
Russia-based web and video conferencing software company Webinar.ru has raised US$7.3 million in a Series A financing round led by Intel Corporation’s venture capital arm Intel Capital and development finance institution European Bank for Reconstruction and Development (EBRD). Private equity firm Flint Capital and asset manager VTB Capital, the investment arm of Russia-based VTB Group, also participated. VTB Capital originally… Read More
Navis Capital Partners Acquires Cladtek Holdings (Asia)
Southeast Asia-focused private equity firm Navis Capital Partners has acquired an equity stake in Singapore-based manufacturer of corrosion-resistant clad pipes Cladtek Holdings. The company, which provides anti-corrosion technology used in oil and gas pipelines, intends to expand into both new and existing markets. Financial details of the transaction were not disclosed. Read More
8 Miles Invests in Eagle Chemicals Group (MENA)
Pan-African private equity firm 8 Miles has acquired a 25.1 percent stake in Egypt-based Eagle Chemicals Group, a producer of resin and polymer products. The company, which has three factories and two tank farms located in Egypt, intends to expand its capacity, optimize and grow its product mix and increase sales in existing markets. Financial details of the transaction were not… Read More
KKR Completes Exit from China Modern Dairy (Asia)
Global investment firm KKR has sold its remaining stake in China-based milk producer China Modern Dairy Holdings for approximately US$80 million. KKR and private equity firm CDH Investments previously made partial exits when Modern Dairy went public in Hong Kong in 2010, raising HKD3.5 billion (approximately US$451 million). In 2013, China-based dairy product manufacturer China Mengniu International acquired 26.9 percent… Read More
Temasek Buys a Ten Percent Stake in Intas Pharmaceuticals from ChrysCapital (Asia)
Singaporean sovereign wealth fund Temasek has received regulatory approval from the Competition Commission of India to acquire a ten percent stake in India-based pharmaceutical formulation development company Intas Pharmaceuticals from India-focused investment firm ChrysCapital. ChrysCapital, which holds a 16.8 percent stake in the company, had previously invested INR3.53 billion (approximately US$58 million) through two funds, ChrysCapital III and ChrysCapital V,… Read More