EMPEA Releases 2019 Mid-Year Industry Statistics

Download press release CHINA DECELERATION LEADS TO OVERALL SLOWDOWN IN EMERGING MARKET PRIVATE CAPITAL ACTIVITY Subdued investment in Asia’s largest market, as well as fewer large-cap pan-Asia funds raising capital, rein in total EM activity levels despite bright spots in other regions,… Read More

Centurium Capital Reaches USD2 Billion Final Close for Debut USD Fund

China-focused private equity fund manager Centurium Capital has reached a final close for its first USD-denominated fund with USD2 billion in capital commitments. Investors in the fund include Ontario Teachers’ Pension Plan, Washington State Investment Board, China Investment Corporation, GIC, and Temasek Holdings, as well as other pension funds, sovereign… Read More

Genesis Reaches USD850 Million Final Close for Second USD Fund

China internet-focused growth equity fund manager Genesis Capital has reached a final close for its second USD-denominated fund with USD850 million in capital commitments. Investors in the fund include development finance institution IFC, China-based investment holding company G-Resources Group, pension funds, sovereign wealth funds, insurance companies, foundations, and other institutional… Read More

Kotak Invests USD925,000 in Supercraft3D

Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has invested USD925,000 in a bridge round for Supercraft3D, a Singapore-based additive manufacturer of medical implants and supplies using 3D printing technology. The company will use the new funds for hiring and marketing, as well as to build an… Read More

Openspace and Jungle Ventures Lead USD6 Million Series A for

Southeast Asia-focused venture capital fund managers Openspace Ventures and Jungle Ventures have led a USD6 million Series A investment in SweetEscape, an Indonesia-based on-demand photography platform. Other investors in the funding round include Burda Principal Investments, the investment arm of Germany-based Hubert Burda Media, and the company’s existing shareholders East… Read More

Miaoshou Doctor Raises Funding from Starquest Capital

China-based online health care services provider Miaoshou Doctor has completed a funding round led by China-focused private equity firm Starquest Capital, reportedly valuing the company at CNY7 billion (approximately USD1 billion). Previous backers of the company include Tencent Holdings, Sequoia Capital, Qiming Venture Partners, and Kunling Capital. Founded in 2015,… Read More

Airtel Africa Raises USD755 Million in IPO

Airtel Africa, an operator of telecoms and mobile banking services throughout Africa, has raised GBP595 million (approximately USD755 million) in its initial public offering. The company sold 705 million shares on the London Stock Exchange and 39 million shares on the Nigerian Stock Exchange for GBP0.80 (USD1.01) per share. Airtel… Read More

Affirma Invests in Tirupati Medicare, Exits Loc Troi Group and Topaz Energy & Marine

Emerging markets-focused private equity fund manager Affirma Capital has invested approximately USD40 million in Tirupati Medicare, an India-based developer and manufacturer of nutraceutical and pharmaceutical products. Tirupati plans to use the funds for research and development and to fulfill its capital expenditure and working capital needs. In another development, Affirma… Read More

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