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Cordiant Capital Holds a US$350 Million Final Close on Cordiant Emerging Loan Fund IV (Global)
Cordiant Capital, a fund manager specializing in emerging markets investments, has reached a final close on its emerging markets-focused debt vehicle Cordiant Emerging Loan Fund IV with US$350 million in capital commitments. Investors included pension funds and insurance companies. The fund will focus on senior secured loans and has a pipeline of investments across sectors, including infrastructure, manufacturing and financial… Read More
Baring Private Equity Asia Reaches a Final Close on Fund VI (Asia)
Asia-focused private equity firm Baring Private Equity Asia has reached a final close on Baring Private Equity Asia Fund VI with approximately US$4 billion in capital commitments, reaching its hard cap. Investors in the fund included Los Angeles City Employees' Retirement System, Texas County & District Retirement System, Pennsylvania Public School Employees' Retirement System, San Francisco City & County Employees'… Read More
IDFC Alternatives to Buy a 26 Percent Stake in Delhi Cargo Service Centre (Asia)
India-focused private equity firm IDFC Alternatives has agreed to acquire a 26 percent stake in India-based Delhi Cargo Service Centre, the cargo services operator at Delhi’s Indira Gandhi International Airport, for INR286 million (approximately US$4.6 million). The deal will be structured through IDFC’s India Infrastructure Fund II. IDFC will purchase the stake from India-based airport operator Delhi International Airport (DIAL),… Read More
Accion and SAIF Partners Back Small Business Lender Aye Finance (Asia)
Global microfinance investor Accion and venture capital firm SAIF Partners have invested US$1 million in India-based Aye Finance, a provider of loans to micro, small, and medium-sized businesses. Accion’s investment was structured through its Venture Labs initiative. Read More
The Abraaj Group Buys a 25 Percent Stake in Turkey-based Online Retailer Hepsiburada (CEE and CIS)
Global growth markets investor The Abraaj Group has acquired a 25 percent stake in Turkey-based online retailer Hepsiburada for a reported US$100 million. Hepsiburada intends to use the fresh capital to expand its e-commerce operations in Turkey, relocate to a new fulfillment center, improve its IT infrastructure and strengthen its mobile platform. Read More
Ribbit Capital Leads a Series C Round for ContaAzul (Latin America)
ContaAzul, a Brazil-based provider of accounting and invoicing software to small- and medium-sized enterprises, has received a Series C funding round from venture capital firm Ribbit Capital, with participation from global investment firm Tiger Global Management and venture capital firms 500 Startups, Monashees Capital and Valar Ventures. The company intends to use the capital to develop a new platform catered… Read More
H Capital Leads a US$100 Million Series D Round for 17zuoye (Asia)
17zuoye, a China-based education start-up, has raised US$100 million in a Series D financing round led by venture capital firm H Capital, with participation from Singaporean sovereign wealth fund Temasek, Russian venture capitalist Yuri Milner and venture capital firm Shunwei Capital Partners. The company operates an online education platform for students, teachers and parents. It intends to use the funding… Read More
Shunwei Capital Partners Closes Its First RMB-denominated Fund (Asia)
China-focused venture capital firm Shunwei Capital Partners has closed its first RMB-denominated fund with RMB1 billion (approximately US$160 million) in capital commitments. The fund will invest in the areas of intelligent hardware, mobile internet, online finance, online education and travel sites. Shunwei previously raised two USD-denominated funds, with the most recent one holding a final close in June 2014. Read More
TPG Sells a 17.5 Percent Stake in Bank Tabungan Pensiunan Nasional to Sumitomo (Asia)
Global private investment firm TPG Capital has exited a 17.5 percent stake in Indonesia-based lender Bank Tabungan Pensiunan Nasional (BTPN) through a strategic sale to Japan-based conglomerate Sumitomo for IDR5.9 trillion (approximately US$457 million). Post-transaction, TPG will hold an 8.38 percent stake in BTPN, while Sumitomo will hold a 20 percent stake in the bank. TPG initially acquired a 71.6… Read More
VTB Capital and I2BF Global Ventures Participate in a US$3 Million Round for RoboCV (CEE and CIS)
RoboCV, a Russia-based developer of vehicle autopilot systems used in commercial vehicles, has received a US$3 million investment from asset manager VTB Capital, venture capital firms I2BF Global Ventures and Almaz Capital, corporate venture fund LETA Capital and global investment company Columbus Nova. The company will use the new funds in the development of existing autopilot systems to automate warehouse… Read More
Vogo Investment Group to Exit Tong Yang Life Insurance to Anbang Insurance Group (Asia)
Vogo Investment Group, a South Korea-focused buyout firm, is selling a 57.5 percent stake in South Korea-based insurer Tong Yang Life Insurance to China-based insurance conglomerate Anbang Insurance Group. This is part of a larger transaction in which Anbang is acquiring a 63 percent stake in Tong Yang in a deal worth KRW1.13 trillion (approximately US$1 billion). Vogo’s exit will… Read More
Warburg Pincus to Partner with Nirvana Development to Build Retail Platforms in Indonesia (Asia)
Global private equity firm Warburg Pincus will invest US$125 million—with the option to invest up to an additional US$75 million—in a joint venture with Indonesia-based real estate developer and operator Nirvana Development. The transaction will be structured through Warburg Pincus Private Equity XI. The joint venture will develop and open hypermarkets in malls across Indonesia. The transaction, which is subject… Read More