US-based ride-hailing company has agreed to acquire a majority stake in Chile-based grocery delivery platform Cornershop, which is backed by venture capital fund managers ALLVP, Accel Partners, Creandum, Jackson Square Ventures, and Capital Mazapil. Cornershop raised its first round of institutional capital in July 2015 led by ALLVP and currently… Read More
Global growth markets investor Actis has agreed to invest up to USD180 million in equity in a Series C funding round for China-based data center developer and operator Chayora Holdings. Investing through Actis Asia Real Estate Fund, Actis has already completed the USD64 million first tranche of the investment. Chayora… Read More
Global alternative asset manager The Carlyle Group has agreed to invest in Boru Energy, a newly established oil and gas investment platform. The platform, which will be run by former Tullow Oil executives, will acquire up to USD1 billion in non-operated oil and gas production assets in Sub-Saharan Africa from… Read More
Baltics-focused private equity fund manager BaltCap has reached a first close for BaltCap Private Equity Fund III with EUR126 million (approximately USD138 million) in capital commitments. Investors in the fund include family offices, eQ Asset Management, pension funds managed by LHV and SEB, and development finance institutions EBRD, NEFCO, and… Read More
Thailand-focused growth equity fund manager Lakeshore Capital has sold its stake in Thailand-based steakhouse chain Santa Fe to Singha Corporation, a Thailand-based food and beverage conglomerate, for USD50 million. Through the exit, which is part of Singha’s acquisition of a 90 percent stake in Santa Fe, Lakeshore reportedly generated a… Read More
India-based business-to-business e-commerce portal Udaan has raised USD585 million in a Series D funding round from corporate investors Tencent Holdings and Citi Ventures, as well venture capital fund managers Altimeter Capital, Footpath Ventures, Hillhouse Capital Management, GGV Capital, Lightspeed Venture Partners, and DST Global. Udaan plans to use the new… Read More
China-based sports apparel company Topsports International has raised HKD7.9 billion (approximately USD1 billion) through an initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 930 million shares at a price of HKD8.50 (USD1.08) per share in the IPO. Topsports, which is backed by China-focused private equity… Read More
Mexico-based job search platform Worcket has received a USD1.5 million seed investment from Latin America-focused early-stage investor NXTP Labs. The company uses artificial intelligence, big data, and machine learning technologies to provide human resources departments with a digital recruiting service available on the cloud. Worcket will use the new funding… Read More
Venture capital fund managers Gobi Partners and Khwarizmi Ventures have led a pre-Series A investment in UAE-based online marketplace Melltoo. Other participants in the funding round include venture capital firm Shorooq Partners and angel investors such as Al Elm Company founder Dr. Khalid Al-Tawil. Khwarizmi Ventures is the corporate venture… Read More
A consortium led by global alternative asset manager Blackstone has completed the acquisition of a 60 percent stake in Baltics-focused Luminor Bank for EUR1 billion (approximately USD1.1 billion). The consortium, which also includes a wholly owned subsidiary of Emirati sovereign wealth fund Abu Dhabi Investment Authority, acquired the majority stake… Read More
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