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CRP Companhia de Participações Invests in Game Developer Aquiris (Latin America)
Private equity firm CRP Companhia de Participações has acquired a 25 percent stake in Brazil-based online game developer Aquiris. The capital injection will cover part of a BRL10 billion (approximately US$4.5 million) three year investment program, during which the company intends to increase its annual sales and launch seven new games. Financial details of the transaction were not disclosed. Read More
CDH and Zero2IPO Capital Invest US$50 Million in 55Tuan (Asia)
55Tuan, a China-based group-buying site that provides users with daily deal offers, has received US$50 million in a financing round from existing investors, including alternative asset fund manager CDH Investments and venture capital firm Zero2IPO Capital. The company previously raised US$200 million from CDH, Zero2IPO, venture capital firm Shanghai GSI Investment and investment manager Tianjin Redbud Capital Investment in 2011.… Read More
CVC Capital Partners to Acquire a Majority Stake in The Executive Centre from Headland Capital Partners (Asia)
Private equity and investment advisory firm CVC Capital Partners has agreed to acquire a majority stake in Hong Kong-based serviced office provider The Executive Centre, in partnership with the management team, from Asia-focused private equity firm Headland Capital Partners. Headland will retain a minority ownership in the business. The Executive Center provides serviced offices, virtual offices, meeting facilities, video conferencing… Read More
Legend Capital Closes LC Fund VI at US$500 Million (Asia)
Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, has reached a final close on its sixth USD-denominated fund, LC Fund VI, with US$500 million in capital commitments. Investors included Texas County & District Retirement System, which committed US$30 million to the fund. Read More
Promotora Invests in Helppeople Software (Latin America)
Private equity fund manager Promotora has invested in Colombia-based operations management provider Helppeople Software. The investment, which was structured through Promotora’s venture capital fund, will help the company to expand its operations internationally. Financial details of the transaction were not disclosed. Read More
Yunfeng Capital Closes Its Second Fund at US$1.1 Billion, Invests in Quanfeng Express (Asia)
Private equity firm Yunfeng Capital has reached a final close on its second fund, Yunfeng Fund II, with around US$1.1 billion in capital commitments. Investors in the fund included sovereign wealth funds and other global institutional investors. The fund will focus on China-based companies in the technology, media and telecommunications, consumer products and healthcare sectors. Separately, Yunfeng Capital has led… Read More
XSML Finances Digital Printing Company Quickprint (Sub-Saharan Africa)
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based digital printing business Quickprint. The company provides digital printing solutions for corporates, non-governmental organizations, small- and medium-sized enterprises and individuals. Quickprint intends to use the financing to purchase new printing machines. Financial details of the transaction were not disclosed. Read More
Enterprise Investors Commits EUR10.5 Million to the Development of Radiotherapy Centers in Poland (CEE and CIS)
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, will invest EUR10.5 million (approximately US$14.4 million) in the development of radiotherapy centers in Poland. The funds will primarily be used for the construction of a radiotherapy center for cancer patients, in conjunction with local hospital Tomaszów Health Center, in the town of Tomaszów Mazowiecki. The remaining funds will be… Read More
Actis Exits Egypt-based Commercial International Bank and Uganda-based Umeme (MENA, Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis has realized its investment in Egypt-based Commercial International Bank (CIB), selling its remaining 6.5 percent stake to Canada-based financial services holding company Fairfax Financial Holdings. Actis previously sold a 2.6 percent stake to international investors in March 2014. Financial details of the transaction were not disclosed. Separately, Actis has sold part of its stake… Read More
CVC Announces Close of US$3.5 Billion Asia Pacific Fund (Asia)
Private equity and investment advisory firm CVC Capital Partners has reached a final close on its fourth Asia Pacific-focused fund, CVC Capital Partners Asia Pacific IV, exceeding the fund’s target with US$3.5 billion in capital commitments. The fund aims to invest in businesses benefitting from increased domestic demand in China, Southeast Asia, Japan and South Korea. Read More
Armstrong Asset Management and The Blue Circle to Finance Wind and Solar Projects in Southeast Asia (Asia)
Southeast Asia-focused clean energy investor Armstrong Asset Management, in partnership with The Blue Circle, a renewable energy developer operating in the Mekong region (Vietnam, Thailand and Cambodia), has agreed to commit up to US$40 million in equity to fund the construction of wind and solar projects in Southeast Asia. As part of the partnership, Armstrong will receive a minority equity… Read More
TPG and Khazanah Invest PHP5.8 Billion in 8990 Holdings (Asia)
Global private investment firm TPG Capital and Malaysian sovereign wealth fund Khazanah Nasional have together invested PHP5.8 billion (approximately US$132 million) in Philippines-listed housing developer 8990 Holdings. The two investors subscribed to 892 million shares in a follow-on offering that raised PHP9 billion (approximately US$204 million). They paid PHP6.50 (approximately US$0.15) per share, and own approximately 16 percent of the… Read More