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PAG Invests in China South City Holdings (Asia
Asia-focused investment firm PAG has invested HK$975 million (approximately US$125.7 million) in China South City Holdings, a Chinese developer and operator of large scale integrated logistics and trade centers. PAG purchased convertible shares in the company, which is listed on the Hong Kong Stock Exchange, amounting to 10.32 percent of the company’s total issued share capital. Read More
CapMan Russia Holds EUR97 Million First Close (CEE and CIS)
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan, has held a first close for its second Russia-focused fund, CapMan Russia II, at EUR97 million (approximately US$124.6 million). The fund has garnered commitments from ten institutional investors from the United States and Europe, including the European Bank for Reconstruction and Development (EBRD). CapMan intends to invest… Read More
Wolfensohn to Buy Into NSE (Asia)
Global emerging markets private equity firm Wolfensohn Fund Management has agreed to purchase a 0.5 percent stake in India’s National Stock Exchange (NSE) for INR900 million (approximately US$16.5 million). Wolfensohn will purchase the shares from Indian infrastructure finance company IDFC. The investment is subject to regulatory approval from India’s Foreign Investment Promotion Board (FIPB). Read More
Enterprise Investors’ Venture Fund to Invest EUR7 Million in Elemental Holding (CEE and CIS)
Poland-based private equity and venture capital firm Enterprise Investors (EI) has agreed to invest EUR7 million (approximately US$9 million) in Elemental Holding, a Polish recycling company specializing in non-ferrous metals and electro-waste. Elemental Holding intends to use the investment to acquire other companies in its sector. EI structured the investment through Enterprise Venture Fund I, its EUR100 million (approximately US$128… Read More
ADM Capital Provides US$50 Million Financing to Fund Acquisition of Talison Lithium (Asia)
Hong Kong-based investment firm ADM Capital, through its subsidiary Twenty Two Dragons, has invested US$50 million in a subsidiary of Chengdu Tianqi Industry Group Co. (Tianqi), a Chinese lithium products manufacturer. The investment is part of a financing package to fund Tianqi’s acquisition of Australian lithium mining company Talison Lithium. In addition to Twenty Two Dragon’s investment, Tianqi received a… Read More
Pepperfry.com Raises US$8 Million from Norwest Venture Partners (Asia)
U.S.-based venture capital firm Norwest Venture Partners (NVP) has invested US$8 million in Trendsutra Platform Services, the Indian company that owns and operates online retail website Pepperfry.com. Trendsutra intends to use the funding to increase the number of offerings on its website and to open more fulfillment centers, where orders are processed and filled. NVP previously invested US$5 million in… Read More
Gulf Capital Announces US$215 Million Third Close of Its Credit Fund (MENA)
United Arab Emirates-based alternative asset management firm Gulf Capital has announced the third close of its Gulf Capital Credit Opportunities Fund with US$215 million in committed capital. Launched in 2011, the fund has received commitments from institutional investors and family offices around the globe, including a US$20 million anchor investment from International Finance Corporation, the private sector development arm of… Read More
IFC and Azerbaijan Invest in Better Infrastructure in Emerging Markets (Pan-Emerging Markets)
International Finance Corporation (IFC), the private sector development arm of the World Bank Group, is raising a fund to invest in companies focused on power, transportation, utilities and telecommunications in emerging markets. The IFC Global Infrastructure Fund has raised US$500 million to date from institutional investors, including a US$100 million commitment from IFC and a US$150 million commitment from the… Read More
I.Systems Gets Capital Injection from Fundo Pitanga (Latin America)
Fundo Pitanga, a Brazilian private equity fund, has invested in Brazilian industrial automation systems developer I.Systems. I.Systems has developed a tool to improve the performance of current industrial automation software, and intends to use the funding to market its product in Brazil and abroad. Financial details of the transaction were not disclosed. Read More
TNT Express Sells Domestic Road Business in China (Asia)
Chinese private equity firm CITIC Private Equity has purchased Hoau, the Chinese subsidiary of Dutch road services company TNT Express. Hoau operates a domestic road distribution network with about 1,500 depots, covering more than 600 cities throughout China. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Read More
TPG Completes Take-Private of China’s ShangPharma Corporation (Asia)
Global investment firm TPG has participated in the US$173 million privatization of China’s ShangPharma Corporation. ShangPharma is a pharmaceutical and biotechnology research and development outsourcing company previously listed on the New York Stock Exchange. TPG originally invested US$35 million in ShangPharma in 2007, and partially exited the company following ShangPharma’s 2010 initial public offering. TPG reportedly contributed up to US$25… Read More
Ostrovok.ru Raises US$25 Million from Investment Consortium (CEE and CIS)
Global venture capital firm General Catalyst Partners has led a US$25 million investment in Russian online travel services company Ostrovok.ru. The company intends to use the investment to fund the development of new and existing products, including a service to book hotels on partner websites. Additional participants in the financing round included venture capital firms Accel Partners and Frontier Ventures. Read More