Southeast Asia-focused private equity fund manager Northstar Group has invested in Tiki, a Vietnam-based e-commerce company. The investment is reportedly part of a USD100 million funding round with participation from venture capital firms Korea Investment Partners, STIC Investments, and Sparklabs Ventures. Separately, Northstar has invested in Vietnam-based co-working space operator… Read More
Global private markets investment manager Partners Group has agreed to acquire a 50 percent stake in EnfraGen, a Latin America-focused developer, owner, and operator of specialty power generation assets, from US-based industrial conglomerate Glenfarne Group. Glenfarne founded EnfraGen in 2015 and will retain a 50 percent stake in the company. Read More
Tell Group, a private equity and corporate advisory firm focused on Europe, the Middle East, and North Africa, has reached a first close for Tell Lebanon Infrastructure Fund. The fund, which is targeting a USD100 million final close, received commitments from more than 25 investors, including the Gulf Cooperation Council,… Read More
Latin America-focused private capital firm PC Capital has reached a first close for PC Capital Development Fund II. Investors in the fund include development finance institution IFC, Mexico-focused fund of funds Fondo de Fondos, and global asset manager PineBridge Investments, among others. The fund will make equity and subordinated debt… Read More
West Africa-focused private equity fund manager Verod Capital Management has agreed to acquire a 100 percent stake in Nigeria-based life insurance company Metropolitan Life Insurance Nigeria from South Africa- and Namibia-listed financial services group Momentum Metropolitan Holdings. Verod will acquire the company through Verod Capital Growth Fund II. Financial details… Read More
Emerging and frontier markets-focused investment firm Vostok Emerging Finance (VEF) has led a USD13 million Series B investment in Xerpa, a Brazil-based human resources and accounting services provider. Other investors in the funding round include Founders Fund, Kaszek Ventures, Redpoint e.ventures, and QED Investors. Xerpa will use the new capital… Read More
Japan-based technology conglomerate SoftBank Group has led a USD110 million investment in Brazil-based home furnishings online retailer MadeiraMadeira. Other investors in the funding round include early-stage venture capital firm Flybridge and technology-focused investment management firm Light Street Capital. The transaction reportedly values the company between USD300 and USD500 million. Flybridge… Read More
Catbus Infolabs, an India-based company that operates commercial logistic services provider Blowhorn, has secured funding from investors including India-focused venture capital firm Chiratae Ventures, Dell Foundation, Venture Catalysts, Dream Incubator, and Sorenson Impact founder James Lee Sorenson. Through its website and mobile application, Blowhorn connects truck drivers with business customers… Read More
Global alternative investment manager KKR has acquired a 10 percent stake in India-listed energy transmission and distribution company CG Power and Industrial Solutions for INR893 million (approximately USD13 million). KKR purchased the shares from Vistra ITCL, an India-based corporate trust services provider, through its non-banking financial company KKR India Financial… Read More
Global alternative asset manager TPG and Malaysia-based conglomerate Hong Leong Group have agreed to acquire the Southeast Asia operations of Malaysia-based health care provider Columbia Asia Hospitals from its US-based parent company Columbia Pacific Management. TPG and Hong Leong will acquire 17 hospitals and 1 health care clinic located in… Read More
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