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TMG Capital Acquires NeuroTech (Latin America)
Brazilian private equity firm TMG Capital has invested in NeuroTech, a Brazilian software company. NeuroTech provides software services to clients to help them gather information from company databases. Financial details of the transaction were not disclosed. Read More
Ratnakar Bank Raises US$60 Million (Asia)
Ratnakar Bank, an Indian commercial banking institution, has raised INR3.24 billion (approximately US$60 million) from a consortium of investors. International Finance Corporation, the private sector development arm of the World Bank Group, and investment firms Aditya Birla Private Equity, Faering Capital, ICICI Investment Management, IDFC Alternatives and Ascent Capital all participated in the current round. Ratnakar had previously raised capital… Read More
Moroccan Infrastructure Fund Exits Osead Maroc Mining (MENA)
Moroccan Infrastructure Fund (MIF), a fund co-managed by Africa-focused private equity firm Emerging Capital Partners (ECP) and Moroccan private equity firm Attijari Invest, has exited its investment in Moroccan mining company Osead Maroc Mining (OMM). OMM is the controlling shareholder of Compagnie Minière de Touissit (CMT), a Moroccan lead producer and exporter, which MIF acquired in November 2007. While financial… Read More
VTB Capital to Acquire Minority Stake in Tricolor TV (CEE and CIS)
VTB Capital, the investment arm of Russia’s VTB Bank, has announced the acquisition of a minority stake in National Satellite Company, a Russian satellite television operator. National Satellite Company operates under the brand name Tricolor TV and has 9.12 million paid subscribers. The investment is intended to help the company increase the value of its assets and prepare for a… Read More
Elbrus Capital Has Invested in B2B-Center (CEE and CIS)
Russia and CIS-focused private equity firm Elbrus Capital has invested in B2B-Center, a Russian online marketplace operator, acquiring a 23 percent equity stake in the company. Financial details of the transaction were not disclosed. Read More
Zephyr Peacock Holds Second Close on Its Third India-focused Fund (Asia)
Zephyr Peacock Management India has held a second close for its third India-focused private equity fund, Zephyr Peacock India Fund III, with US$70 million in capital commitments. The fund will focus on small- and medium-sized enterprises in India and has raised capital from International Finance Corporation (IFC), as well as U.S.-based pension plans and family offices. Additionally, Zephyr Peacock has… Read More
GetNinjas Gets New Investment of BRL6 Million (Latin America)
GetNinjas, a Brazilian web platform for hiring local services, has received BRL6 million (approximately US$3 million) from a group of investors including private equity and venture capital firms Otto Capital, Monashees Capital and Kaszek Ventures. The company intends to use the investment to expand its development team, grow its user base and launch new marketing campaigns. Monashees Capital and Kaszek… Read More
Miaozhen Completes US$10 Million Series C Round of Financing (Asia)
Miaozhen Systems, a Chinese big data company serving the advertising industry, has received US$10 million in its Series C round of financing from a consortium of investors. Investors include Chinese private equity firm CBC Capital, global venture capital firms Redpoint Ventures and Kleiner Perkins Caufield Byers (KPCB), and WPP Digital, the investment arm of global marketing communications company WPP Group. Read More
Itaú Moves into Advertising (Latin America)
Kinea Investimentos, the alternative investment arm of Brazil’s Banco Itaú, has reportedly invested BRL170 million (approximately US$84 million) for a 20 percent stake in Grupo ABC, a Brazilian advertising, marketing and publicity company. Grupo ABC intends to use the funding to continue its expansion into northeastern Brazil, and to advertise the 2014 World Cup and the 2016 Olympic Games. Read More
XSML Provides Long Term Finance to RJ Trading (Sub-Saharan Africa)
Central Africa-focused private equity fund manager XSML has invested in RJ Trading, a food retailer in the Democratic Republic of the Congo. RJ Trading sells ice cream and baked goods, and operates a supermarket. XSML structured the investment through its Central Africa SME Fund. Financial details of the transaction were not disclosed. Read More
Vantage Risk Capital Commits US$30 Million to Genser (Sub-Saharan Africa)
Vantage Risk Capital, the mezzanine investment arm of South African private equity firm Vantage Capital, has agreed to invest up to US$30 million in Ghanaian power producer Genser. Genser intends to use most of the initial funds to finance the completion of the Chirano power plant in western Ghana as well as a natural gas commercialization project. Vantage structured the… Read More
Moonbasa Receives US$55 Million (Asia)
Chinese online clothing retailer Moonbasa has received US$55 million in a fourth financing round from a group of alternative investment management and private equity firms including China Renaissance Capital Investment (CRCI), DT Capital Partners and GSR Ventures. CRCI and GSR Ventures have previously invested in Moonbas Read More