Fundraising

Jyoti Aggarwala, former managing director at Thomas Capital Group, has started her own placement agency that will connect LPs with India fund managers.

Boston-based Advent International has sold its stake in Argentine generic pharmaceuticals maker Fada Pharma, earning a positive return on the investment despite the volatile Argentine macro environment.

The Stockholm-based private equity firm received commitments from over 50 investors for the new vehicle.

The Warsaw office of the London-based Central and Eastern Europe private equity firm has made the first investment from its recently closed Emerging Europe Convergence Fund II.

Three months after launching its European operations, placement agent Monument Group has hired alternative investment specialist Martin Anthonsen in its London office.

Boston-based Audax Group is aiming to capitalise on consumers upgrading to digital radio with its latest acquisition of Broadcast Electronics. Thompson Street Capital Partners is notching an exit through the sale.

The Franco-German mid-cap buyout firm will partner with Italian private equity firm Magenta for co-investments in Italy.

Equafin, the lead investor in the formation of Flagship Credit Corporation, formerly had ties to New York-based Capital Z.

AXA Private Equity holding company Modamax has increased its shareholding in listed French clothes retailer Camaïeu - but not by enough to take the company private.

Orchid Asia Group Management, an early backer in ctrip.com, has invested $10m in Chinese retailer Sport100, shortly after closing a new fund last month.