Global impacting investing firm Encourage Capital has reached a first close for Encourage Solar Finance with USD40 million in capital commitments. Investors in the fund include KfW, Capricorn Investment Group, the John D. and Catherine T. MacArthur Foundation, the Jeremy and Hannelore Grantham Environment Trust, and the Sant Foundation. The… Read More
Alternative asset managers Riverstone Holdings and Southern Cross Group (SCG), Mexico-listed Vista Oil & Gas, and individual investors have agreed to invest USD205 million to establish Aleph Midstream, an Argentina-based midstream oil and gas company. Riverstone, SCG, and the management teams of Vista and Aleph together will invest USD160 million… Read More
Africa- and Middle East-focused private equity firm SPE Capital Partners has invested MAD240 million (approximately USD25 million) in H&S Invest Holding, which operates Morocco-based logistics company Dislog Group. The company, which provides logistics and distribution services across the entire value chain, will utilize the funds to increase its warehousing capacity… Read More
Global private equity fund manager Warburg Pincus has reached a final close for Warburg Pincus China-Southeast Asia II with commitments of USD4.3 billion. Investors in the fund include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, funds of funds, family offices, and high-net-worth individuals. The fund… Read More
Poland-based telecom operator Play Communications has agreed to acquire a 100 percent stake in Poland-based telecom services provider 3S Group for EUR96 million (approximately USD109 million) from Central and Eastern Europe-focused private equity firm Enterprise Investors and the founders of 3S. Enterprise Investors acquired a 76 percent stake in 3S… Read More
Brookfield Asset Management, a global alternative investment manager, has reportedly acquired two wind farms from India-based renewable energy company Axis Energy Ventures for INR5 billion (approximately USD72 million). The wind farms have a combined generation capacity of 210 megawatts. Read More
India-based health and fitness startup CureFit Healthcare has raised USD120 million in a Series D funding round led by existing backers Chiratae Ventures, Accel, Kalaari Capital, and Oaktree Capital. New investors Epiq Capital, Unilever Ventures, InnoVen Capital, and Kotak Mahindra Bank also participated in the round. CureFit intends to use… Read More
Russia- and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a 5 percent stake in Tealsy, a Russia-based online grocery wholesale marketplace. Tealsy’s founder, Andrey Krivenko, also founded Russia-based grocery store chain VkusVill, in which Baring Vostok holds a 12 percent stake. Financial details of the transaction… Read More
Global private markets asset manager HarbourVest has raised USD500 million in capital commitments via the listing of a Certificado de Proyectos de Inversión (CERPI) on the Mexican Stock Exchange (BMV). The CERPI, listed under the ticker symbol HV2PI 19D, will primarily invest in HarbourVest’s global primary and secondary co-investment funds. Read More
Global private equity fund manager Warburg Pincus has sold a 3.2 percent stake in India-listed insurance company ICICI Lombard General Insurance. Warburg sold approximately 14 million shares for INR1,100 (USD16) per share, returning INR15.8 billion (approximately USD 227 million). Warburg, which originally invested in ICICI Lombard in 2017, still holds… Read More
(default archive template)