Pan-African private equity fund manager Emerging Capital Partners (ECP) has agreed to acquire a majority stake in Mauritius-based Inter Africa Transport Forex through its fourth flagship fund. The financial technology company provides a platform that enables transportation and shipping companies to procure, manage, and track their expenditures across 11 countries. Read More
South Korea-based online travel platform Yanolja has raised USD180 million in a Series D funding round from Singaporean sovereign wealth fund GIC and online travel group Booking Holdings. Yanolja and Booking Holdings have also entered into a strategic partnership that will allow their respective customers to access both services. Previous… Read More
Global telecom and technology investment group SoftBank will lead existing investors, including private equity firms General Atlantic, Atomico, and Valor Capital Group, in a new USD300 million funding round for Brazil-based fitness company Gympass. Softbank’s investment will come from the SoftBank Vision Fund, with the SoftBank Latin America Fund expected… Read More
Aqua Ventures, a China-focused venture capital fund manager, has announced the final close of its second RMB-denominated fund. Investors include internet companies, funds of funds, government guidance funds, and high-net-worth individuals. The firm primarily makes early-stage investments in companies integrating the internet with traditional industries in sectors such as health… Read More
Global alternative investment manager KKR has agreed to sell KCF Technologies (KCFT), a South Korea-based producer of copper foils for lithium ion batteries, to SKC, an affiliate of Korean conglomerate SK Group, for KRW1.2 trillion (approximately USD1 billion). KCFT was carved out of LS Group alongside LS Automotive, a Korea-based… Read More
Africa-focused private investment fund manager Amethis has reached a final close for Amethis Fund II with EUR375 million (approximately USD425 million) in capital commitments. Investors in the fund include the Edmond de Rothschild Group, the family of Ariane and Benjamin de Rothschild, Madagascar-based conglomerate Axian Group, and development finance institutions… Read More
outh- and Southeast Asia-focused early-stage impact investor Aavishkaar will exit its stake in Jaypore E-Commerce, an India-based retailer of clothing, handicrafts, and accessories, to Aditya Birla Fashion and Retail (ABFRL). ABFRL has agreed to acquire 100 percent of Jaypore at an enterprise value of INR1.1 billion (approximately USD16 million). Separately,… Read More
Central Europe-focused private equity firm Innova Capital will purchase a majority stake in Poland-based digital marketing services company CS Group Polska, pending final negotiations. This investment will be the fourth made by Innova’s Innova/6 fund since it began investing in April 2018. Financial details of the transaction, which is subject… Read More
China-focused venture capital firm Sinovation Ventures has reached a final close for its latest RMB-denominated fund with CNY2.5 billion (approximately USD362 million) in capital commitments. The fund was reportedly launched in May 2018 in cooperation with the Guangzhou government. The fund will target early- and growth-stage investments in artificial intelligence,… Read More
Global private equity fund manager Advent International has reached a final close for GPE IX with USD17.5 billion in capital commitments. GPE IX reportedly surpassed its initial target of USD16 billion. The fund will invest primarily in Europe and North America, as well as selectively in Asia and Latin America. Read More
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