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Tuniu.com Completes Series D Round for US$60 Million (Asia)
Singaporean sovereign wealth fund Temasek and early stage venture capital firm DCM, among other unnamed investors, have participated in a US$60 million Series D financing round in Tuniu.com, an online booking platform targeting the leisure travel market. Tuniu.com previously received a Series A round of funding from venture firm Gobi Partners, a Series B round led by DCM and a… Read More
CIPEF and the Queiroz Galvão Family Invest US$300 Million in QGOG Constellation (Latin America)
Global emerging markets investor Capital International Private Equity Funds (CIPEF) has invested US$250 million in Brazil-based QGOG Constellation, a provider of offshore and onshore oil and gas contract drilling. The Queiroz Galvão family, the controlling shareholder of QGOG Constellation, will contribute another US$50 million by mid-September, bringing the total investment to US$300 million. The transaction was structured through CIPEF VI.… Read More
Actis Acquires a 60 Percent Stake in Atlantic Energias Renovaveis for US$169 Million (Latin America)
Pan-emerging markets private equity firm Actis has acquired a 60 percent stake in Brazil-based renewable energy platform Atlantic Energias Renovaveis for an initial commitment of US$169 million. Actis, which expects to invest a further US$100 million over the next five years, joins existing shareholders Pattac and Servinoga, infrastructure investors and co-founders of Atlantic. The transaction will be structured through the… Read More
Matrix India Invests in Meditrina Hospitals (Asia)
Venture firm Matrix Partners India has picked up a significant minority stake in India-based cardiac care provider Meditrina Hospitals for INR410 million (approximately US$6.2 million), representing the company’s first round of institutional funding. Meditrina Hospitals currently operates four units focused on interventional cardiology in South and Central Kerala. It intends to use the financing to bring on more personnel for… Read More
Ascent Capital Investing INR1 Billion in Skanray Technologies (Asia)
India-focused private equity firm Ascent Capital is investing up to INR1 billion (approximately US$15 million) in medical equipment manufacturer Skanray Technologies. The transaction will take place in various tranches. Skanray aims to reach sales of INR3 billion (approximately US$45 million) by 2015 and is planning to set up units in Brazil and West Asia. Read More
Darby ProBanco Fund II Invests in Ecuador-Based Cobis (Latin America)
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has made a significant investment in Ecuador-based Cobis Systems Corporation, provider of software and services to financial institutions. Details of the transaction, which was structured through Darby ProBanco Fund II, were not disclosed. Corbis intends to use the capital injection to roll-out new technologies to help its client banks… Read More
Southern Cross Buys a 70 Percent Stake in Equipment Leasing Firm Solaris (Latin America)
Latin America-focused private equity firm Southern Cross has acquired a 70 percent stake in Brazil-based construction and industrial equipment leasing firm Solaris for a reported BRL220 million (approximately US$92.3 million). Solaris, which is controlled by the Argentinian group Sullair, intends to use the new capital to double its size in the next three years. Read More
Development Partners International Holds US$250 Million First Close (Sub-Saharan Africa)
Africa-focused private equity firm Development Partners International (DPI) has held a first close on its second buyout fund at US$250 million, with a final target of US$500 million. Investors in the fund include the United States’ Overseas Private Investment Corporation, which will commit up to US$150 million. African Development Partners I, DPI’s previous fund that held a final close in… Read More
Anthem Asia Invests US$1 Million in Myanmar-Based Hintha Business Centres (Asia)
Myanmar-focused investment and advisory group Anthem Asia has invested US$1 million in Myanmar-based office services provider Hintha Business Centres (HBC). HBC runs serviced offices in Yangon, with 13 private offices available to rent on a weekly or monthly basis. It intends to use the new funding to develop its 6,000-square-foot flagship facility. Anthem Asia’s maiden fund has reached an undisclosed… Read More
Quadria Capital Completes US$107 Million First Closing of Its Healthcare Fund (Asia)
Quadria Capital, an Asian healthcare sector-focused private equity group, has announced the first close of its second fund, Quadria Capital Fund, with total capital commitments of US$107 million. The fund is focused on growth equity investments in mid-sized healthcare companies in South and Southeast Asia. Investors included development finance institutions, investment institutions, corporate investors and family offices. Read More
Actis Buys General Lighting Business of Halonix for US$24 Million (Asia)
Pan-emerging markets private equity firm Actis has bought the general lighting business of India-based automotive and general lamp manufacturer Halonix for INR1.6 billion (approximately US$23.9 million). As part of the deal, Halonix transferred its general lighting business, which manufactures and sells compact fluorescent lamps, luminaires and LED technology-based lighting products, to its subsidiary Halonix Technologies, and sold it to Actis.… Read More
The Carlyle Group, Ping An Insurance and Cathay Pacific Private Equity Invest RMB300 Million in Health 100 (Asia)
Global alternative asset manager The Carlyle Group has teamed up with insurance and financial services holding company Ping An Insurance Company of China and Franco-Chinese management company Cathay Capital Private Equity to participate in a RMB300 million (approximately US$48.6 million) Series B investment round in Health 100, a China-based health examination service provider. The transaction was structured through The Carlyle… Read More