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CITIC Capital Invests More Than RMB100 Million in Shsun Education Group (Asia)
Alternative investment management and advisory firm CITIC Capital has invested more than RMB100 million (approximately US$16 million) in a Series A financing round for China-based vocational training provider Shsun Education Group. The company, which offers vocational training courses on architecture, real estate and financial services, intends to use the capital injection to expand its teaching centers. Shsun also announced an… Read More
Zoyi Capital Acquires a Controlling Stake in Fashion Brand Pink Mary (Asia)
China- and Taiwan-focused investment firm Zoyi Capital has acquired a controlling stake in China-based Pink Mary, a manufacturer and distributor of women's apparel. Pink Mary's products are sold in around 400 stores throughout China. Financial details of the transaction were not disclosed. Read More
IIM-A’s Cleantech Investment Vehicle Reaches a Second Close with US$18 Million in Commitments (Asia)
Indian Institute of Management Ahmedabad's (IIM-A) technology incubator Centre for Innovation Incubation and Entrepreneurship (CIIE) has reached a second close on its cleantech fund, Infuse Ventures, with INR1.11 billion (approximately US$18 million) in capital commitments. Infuse Ventures held a first close last May and aims to reach a final close at around INR1.25 billion (approximately US$20 million). Investors in the… Read More
Qiming Venture Partners Closes US$500 Million China-focused Venture Capital Fund (Asia)
Venture capital firm Qiming Venture Partners has closed its fourth USD-denominated venture capital fund with US$500 million in capital commitments. The fund, which was oversubscribed, will focus on early- to growth-stage investments in the internet and consumer, healthcare, information technology and cleantech sectors in China. Read More
Sequoia Capital, Tencent Holdings and MediaTek Invest More Than US$200 Million in E-commerce Platform Mmb.cn (Asia)
China-based investment holding company Tencent Holdings and Taiwan-based semiconductor manufacturer MediaTek have led a financing round worth more than US$200 million for China-based e-commerce platform Mmb.cn. Existing investor venture capital firm Sequoia Capital also participated in the round. Mmb.cn intends to use the new capital to build a nationwide warehouse network, as well as for investment in research and development.… Read More
Catalyst Romania Acquires a Minority Stake in Simartis Telecom (CEE and CIS)
Central and Eastern Europe-focused private equity firm 3TS Capital Partners, structured through its Catalyst Romania fund, has acquired more than a 23 percent stake in Romania-based Simartis Telecom, a developer of products and services for Global System for Mobile Communications (GSM) operators. The company intends to use the fresh funding to boost its capacity to deliver projects simultaneously to multiple… Read More
CVC Capital Partners Completes Its Acquisition of a Controlling Stake in Da Niang Dumpling Holdings (Asia)
Funds advised by private equity and investment advisory firm CVC Capital Partners have acquired a controlling stake in Da Niang Dumpling Holdings, a Chinese cuisine quick-service restaurant operator based in China, from the founder, Wu Guoqiang, who will remain as a shareholder. Da Niang operates a network of over 440 stores in 19 provinces across China and employs about 7,000… Read More
Capital Indigo Invests in Food Manufacturer Interdeli (Latin America)
Capital Indigo, a private equity firm focused on mid-market private equity and mezzanine debt investments in Mexico, has invested in Mexico-based specialty foods company Interdeli for a controlling stake. The transaction was structured through Indigo 1. Interdeli, which manufactures and supplies bakery products, prepared foods and dairy products, intends to use the new financing for company growth. Financial details of… Read More
The Carlyle Group Sells a 30 Percent Stake in General Lighting Company to Philips (MENA)
Global alternative asset manager The Carlyle Group has entered into a definitive agreement to sell its 30 percent stake in Saudi Arabia-based lighting fixture manufacturer General Lighting Company (GLC) to diversified health company Royal Philips. This is part of a larger transaction in which Philips has agreed to acquire a 51 percent stake in GLC for US$235 million from The… Read More
Enterprise Investors Acquires a 32.8 Percent Stake in Kayak Manufacturer Tahe Outdoors (CEE and C
Enterprise Investors has purchased a 32.8 percent stake in Estonia-based watersports company Tahe Outdoors for EUR3.4 million (approximately US$4.7 million). The transaction was structured through Enterprise Venture Fund I. Tahe Outdoors offers kayaks, canoes, paddles and related accessories under five brands. Read More
Gulf Capital-backed Gulf Marine Services Makes Debut on London Stock Exchange (MENA)
United Arab Emirates-based oil service vessel operator Gulf Marine Services (GMS), which is backed by alternative investment firm Gulf Capital, has debuted on the London Stock Exchange. The company priced its initial public offering at the bottom of a range it had offered investors, giving it a market capitalization of GBP472 million (approximately US$787 million). Through the offering, Gulf Capital… Read More
Kerogen Capital Invests in Oil and Gas Company Twinza Oil (Asia)
Private equity fund manager Kerogen Capital has invested AUD30 million (approximately US$27 million) in Twinza Oil, a company with oil and gas interests in Australia, Papua New Guinea and Thailand. The deal was structured as a new share subscription and gave Kerogen up to a 29 percent stake in Twinza. Twinza’s portfolio currently comprises a 100 percent operating interest in… Read More