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Da Vinci Private Equity Fund II Acquires a Controlling Stake in Online Broker IT Invest (CEE and CIS)
Da Vinci Capital, an independent asset manager focusing on mid-market private equity investments in Russia and the Commonwealth of Independent States, has acquired a controlling 63 percent stake in Russia-based IT Invest, a provider of online brokerage services. The transaction was structured through Da Vinci Private Equity Fund II, which held a first close with US$100 million in capital commitments… Read More
Actis Invests in AutoXpress (Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis has acquired a 36 percent stake in Kenya-based tire wholesaler and retailer AutoXpress Group. AutoXpress operates 20 company-owned stores in Kenya and Rwanda, distributing tire, battery and suspension brands to both corporate customers and the local retail market. The company intends to use the fresh funding to accelerate its expansion across East Africa. Financial… Read More
VIYM Invests in Russia-based Family Doctor Medical Company (CEE and CIS)
Venture Investments & Yield Management (VIYM), a partnership focused on private equity fund and consortium investments in Europe, has acquired a significant stake in Russia-based Family Doctor Medical Company, which operates three outpatient clinics across Moscow. The company intends to open four additional clinics in Moscow and enter regional markets. Financial details of the transaction were not disclosed. Read More
Aavishkaar Invests in HR Food, Nalanda Learning and MeraDoctor (Asia)
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has invested around INR252 million (approximately US$4 million) in three India-based companies. The firm invested INR150 million (approximately US$2.4 million) in dairy company HR Food Processing and INR40 million (approximately US$600,000) in education provider Nalanda Learning Systems. Aavishkaar also participated in an INR62 million (approximately US$1 million) investment… Read More
The Gores Group and Technology4Medicine Agree to Acquire a Controlling Stake in Fotona (CEE and CIS)
Global investment firm The Gores Group and medical laser company Technology4Medincine have entered into an agreement to acquire a controlling interest in Slovenia state-owned-asset Fotona, a developer of medical and military laser gear. The Gores Group, structured through its Small Capitalization Partners fund, and Technology4Medicine will privatize the company for a reported EUR18 million (approximately US$24.6 million). This will be… Read More
The Gores Group and Technology4Medicine Agree to Acquire a Controlling Stake in Fotona (CEE and CIS)
Global investment firm The Gores Group and medical laser company Technology4Medincine have entered into an agreement to acquire a controlling interest in Slovenia state-owned-asset Fotona, a developer of medical and military laser gear. The Gores Group, structured through its Small Capitalization Partners fund, and Technology4Medicine will privatize the company for a reported EUR18 million (approximately US$24.6 million). This will be… Read More
India Value Fund Advisors and Former Godrej Executive to Buy ISS Hicare (Asia)
India Value Fund Advisors, a firm focused on investing in mid-sized businesses, and former Godrej Consumer Goods’ executive Arumugham Mahendran have joined together to buy India-based pesticide services company ISS Hicare. The transaction size is reportedly around INR1.5 billion (approximately US$24 million). ISS Hicare operates 52 branches in 27 cities, serving residential and commercial customers. Read More
Tata Opportunities Fund to Invest $60 Million in Varroc Group (Asia)
Tata Capital, the private equity arm of the Indian conglomerate Tata Group, will purchase a significant minority stake in India-based auto component manufacturer Varroc Group for US$60 million. The transaction will be structured through Tata Opportunities Fund. Varroc intends to use the capital injection to build new products and expand its presence in Europe and emerging markets. Read More
Navis Buys a Controlling Stake in Amazon Papyrus Chemicals Group (Asia)
Asia-focused private equity firm Navis Capital Partners has acquired a controlling interest in Hong Kong-based Amazon Papyrus Chemicals Group, a manufacturer that supplies chemical product formulations and technical support to paper companies. The investment will fund the company’s regional expansion plans and efforts to streamline operations. Financial details of the transaction were not disclosed. Read More
Lereko Metier Capital Growth Fund Exits Surgical Innovations (Sub-Saharan Africa)
Lereko Metier, a private equity fund manager focused on mid-cap buyout and growth opportunities in Southern Africa, has exited its stake in South Africa-based medical device distributor Surgical Innovations after healthcare group Ascendis Health, newly listed on the Johannesburg Stock Exchange, acquired Surgical Innovations for a total consideration of ZAR336 million (approximately US$30.3 million). The transaction was structured through Lereko… Read More
Banyan Capital Closes Its Debut China-focused Venture Capital Fund (Asia)
China-focused venture capital firm Banyan Capital has held a final close on its first venture capital fund, Banyan Partners Fund I, with US$206 million in capital commitments. More than 40 investors committed to the fund, including entrepreneurs, family offices, fund of funds, foundations and other institutional investors from China and the United States. The fund will focus on the technology,… Read More
BaltCap Exits Its 48 Percent Stake in Primekss (CEE and CIS)
BaltCap, a private equity and venture capital investor in the Baltic States, has sold its 48 percent shareholding in Latvia-based concrete floor producer Primekss. The transaction was structured through BaltCap Latvia Venture Capital Fund, which originally invested EUR1.4 million (approximately US$1.9 million) in Primekss in 2010, obtaining 48 percent of shares in the company. Financial details of the transaction were… Read More