China-based logistics and supply chain management company Best Logistics Technologies has completed a US$760 million funding round led by China-focused private equity firm CITIC Private Equity and Everbright Financial Holding Asset Management. Other new investors in the round included: Cainiao Network Technology, China Development Bank International, Bank of China International-controlled… Read More
Development finance institution International Finance Corporation (IFC), IFC Asset Management Company (IFC AMC) and EMA Power, a joint venture between Daelim Energy and Islamic Development Bank Infrastructure Fund II, have invested US$175.5 million to finance Bangladesh-based power producer Summit Group’s future power projects in the country. IFC AMC will invest… Read More
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has agreed to sell its majority stake in Czech Republic-based technical facility management and air conditioning company AZ KLIMA to Czech Republic-based energy services company ČEZ ESCO. Genesis originally acquired a 68.5 percent stake in the company through GPEF II in… Read More
Impact fund manager Equator Capital Partners has fully exited its stake in India-based, Bombay Stock Exchange-listed microlender Satin Creditcare, returning INR2.09 billion (approximately US$31 million) through a series of open-market transactions. Equator originally invested in the company in 2010 and 2013 through ShoreCap II. The exit reportedly generated a 6x… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has increased its holding in Ukraine-based telecommunications operator Datagroup from a minority stake to 70 percent. Following completion of the transaction, Horizon Capital has assumed operational control of the company. Read More
Global private equity firm Permira and venture capital firm Technology Crossover Ventures have agreed to invest in Mutant, a Brazil-based provider of software and services to call centers, in a deal reportedly valued at BRL500 million (approximately US$153 million). The deal comes as Mutant is spinning out from its parent… Read More
West Africa-focused private equity firm African Capital Alliance (ACA) has reached a final close for Capital Alliance Private Equity IV (CAPE IV) with US$570 million in capital commitments. Investors in the fund include public and private pension funds, sovereign wealth funds, funds of funds and development finance institutions. ACA plans… Read More
Central and Eastern Europe-focused private equity firm Enterprise Investors, together with minority shareholders including Morgan Stanley Alternative Investment Partners, has completed the sale of a 100 percent stake in Hungary-based sports nutrition company Scitec Nutrition to South Africa-based health and care brands company Ascendis Health for EUR170 million (approximately US$192… Read More
UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management, has acquired a minority stake in E-COM, a Russia-based provider of business process automation services in the retail sector. UFG invested from UFG Private Equity Fund III. E-COM intends to work with UFG… Read More
MC Payment, a Singapore-based financial technology company, has raised SGD6 million (approximately US$4.4 million) in a Series B funding round led by Asia-focused private equity firm ESW Manage and private investment firm DZW Capital. Private equity firm Golden Equator Capital also participated in the round. MC Payments plans to use… Read More
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