Hillhouse Capital Acquires 1% Stake in India’s United Breweries for USD40m
Hillhouse Capital has acquired a 1% stake in India-based beer maker United Breweries for USD40m. Read more… Read More
Hillhouse Capital has acquired a 1% stake in India-based beer maker United Breweries for USD40m. Read more… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners has reached a EUR286m (approximately USD310m) final close for its third Africa fund. The vehicle targets SMEs in North, West, and Central Africa. Read more… Read More
LOGOS, CDPQ’s real estate investment arm Ivanhoé Cambridge, and Dutch institutional investor Bouwinvest reached a USD800m first close for LOGOS China Logistics Venture 4. An unnamed GCC-based (Gulf Cooperation Council) investor also partnered on the venture. Read more… Read More
UAE-based venture capital firm Shorooq Partners led a USD5.8m series A for Dubai-based virtual reality mobile app 360VUZ, with participation from KBW Ventures, Media Visions, Vision Ventures, Hala Ventures, and 500Startups. Careem founder Magnus Olsson, Maktoob founder Samih Toukan, and former managing director of Facebook Middle East Jonathan… Read More
ADB Ventures, the VC unit of the Asian Development Bank, has reached a USD50m final close for its first impact fund with commitments from Clean Technology Fund, Nordic Development Fund, Finland’s Ministry for Foreign Affairs, and the Republic of Korea’s Ministry of Economy and… Read More
German development finance institution DEG has agreed to invest up to USD10m in Kenya-based grocery retail distributor Naivas, along with co-investors Amethis Finance and IFC. Read more… Read More
Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, and SoftBank have invested USD150m in ride-hailing company Didi Chuxing’s bike-sharing unit Qingju. Didi invested USD850m, bringing the total commitments to USD1b. Read more… Read More
Warburg Pincus has agreed to acquire an additional 17.11% stake in Hong Kong-listed car rental service provider China Auto Rental (CAR) for USD145m. The purchase will bring Warburg’s stake in the company to 27.22%, making it the majority shareholder. Read more… Read More
Hillhouse Capital- and Hopu Investment Management-backed global real estate and private equity fund manager GLP has reached a USD2.1b final close for its China Income Fund I. The vehicle targets investments in the logistics real estate sector in China. Read more… Read More
German development finance institution DEG has provided financing to Kenya-based macadamia nut producer Limbua to support the expansion of its production. Read more… Read More
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