Mexico-focused venture capital firm Antoni & Lelo de Larrea Venture Partners (ALLVP) has invested in Weex, a Mexico-based mobile virtual network operator. The company offers a platform on which users can create their own personalized mobile phone plans from a selection of talk, text and data bundles. Financial details of… Read More
Now accepting applications for investors, funders, accelerators and incubators On 22-24 June 2016, United States President Barack Obama will host the seventh annual Global Entrepreneurship Summit (GES) at Stanford University. The application for investors, funders, accelerators and incubators to apply to attend is now open. GES offers an opportunity to meet hundreds… Read More
Middle East-focused alternative asset manager Gulf Capital will expand its private debt business to Sub-Saharan Africa through a partnership with Africa-focused investment bank Serengeti Capital. Through this partnership, Serengeti Capital will be advising Gulf Capital on credit and mezzanine investment opportunities in Sub-Saharan Africa. Gulf Capital will make investments in… Read More
Vietnam-focused private equity firm PENM Partners has sold a 30 percent stake in European Plastics Window Company—a Vietnam-based door, window and partition manufacturer that markets under the Eurowindow brand—to Japan-based sliding door manufacturer Bunka Shutter. PENM Partners originally invested in the company in 2007 and made a follow-on investment in… Read More
AION Capital Partners, a joint venture between private equity firms ICICI Venture and Apollo Global Management, has agreed to back a consortium of former GE Capital executives to acquire GE Capital’s India commercial lending and leasing businesses, namely GE Capital Services India and GE Money Financial Services. The transaction will… Read More
Global private equity firm Warburg Pincus has agreed to sell a 16 percent stake in China-based biopharmaceutical company China Biologic Products for US$425.7 million via a secondary offering on the NASDAQ Stock Market. Warburg Pincus originally invested in the company in 2010 in a transaction structured through Warburg Pincus Private… Read More
Mid-market private equity firm Innova Capital has sold Romania-based payments processing company Provus Group to Germany-based electronic payments company Wirecard. According to Wirecard, the compensation owed within the scope of this transaction was EUR32 million (approximately US$35 million) in cash payments. Innova originally acquired the company in 2011. Read More
United Arab Emirates-based online marketplace Souq.com has raised US$275 million from global investment firm Tiger Global Management, South Africa-based internet and media company Naspers, Standard Chartered Bank’s private equity arm Standard Chartered Private Equity (SCPE), development finance institution International Finance Corporation (IFC) and global investment management firm Baillie Gifford. SCPE… Read More
Pan-emerging markets private equity firm Actis has sold its minority stake in China-based budget and mid-range hotel chain Plateno Hotel Group to China-based hotel group Shanghai JinJiang International Hotels (JinJiang Hotels). The transaction took place as part of JinJiang Hotels’ acquisition of an 81 percent stake in Plateno at an… Read More
Mail.ru Group, a London-listed internet access service company headquartered in Russia, has agreed to sell Russia-based online recruitment website HeadHunter to a consortium of investors led by Russia and CIS-focused private equity firm Elbrus Capital for RUB10 billion (approximately US$131 million). The amount will be paid in two tranches before… Read More
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