Global alternative investment manager KKR has reportedly committed USD50 million to purchase a controlling stake in and recapitalize Svakarma Finance, an India-based impact-focused non-banking financial company. Svakarma lends to micro-, small-, and medium-sized enterprises in semi-urban and rural areas. Read More
Global growth equity fund manager General Atlantic has led a USD51 million Series C investment in India-based real estate services company Nobroker. Asia-focused private equity and venture capital firms SAIF Partners and BEENEXT also participated in the funding round. Through its digital platform, Nobroker provides end-to-end rental and trading services… Read More
EV Growth, a Southeast Asia-focused technology-oriented growth capital joint venture established by East Ventures, Sinar Mas Digital Ventures, and Yahoo Japan’s corporate venture capital arm YJ Capital, has reached a final close for its first fund with USD200 million in commitments. Investors in the fund include SoftBank Group, Pavilion Capital,… Read More
Private equity fund managers Development Partners International (DPI), Ethos Private Equity, Capital Group Private Markets, and Standard Chartered Private Equity (SCPE) have agreed to exit Africa-focused mobile telecom tower company Eaton Towers to American Tower Corporation (ATC), a United States-listed communications infrastructure company, at an enterprise value of USD1.85 billion. Read More
Brazil-focused alternative asset manager Crescera Investimentos and 2bCapital, the private equity arm of Brazil-based financial services company Bradesco, have agreed to invest in Brazil-based information technology company Semantix. Through the transaction, Crescera and 2b Capital will acquire 29 percent and 15 percent stakes, respectively, in the company. Semantix provides consulting… Read More
Estonia-based advertising technology company NEXD has received funding from European technology-focused growth capital investor 3TS Capital Partners and Neo Ventures, an Eastern Europe-focused early-stage investor. The company, which has a self-service platform enabling clients to generate ads within five minutes, will use its new capital and partnership to further improve… Read More
A consortium led by Africa-focused financial services investors Apis Partners and Crossfin Technology Holdings has acquired Sureswipe, a South Africa-based payments platform. The company will be consolidated along with two other South African-based payments platforms under a new entity known as Crossfin Transactional Solutions (CTS). CTS will aim to utilize… Read More
India-based agriculture-focused financial services provider Samunnati Financial & Intermediation Services has raised INR3.9 billion (approximately USD55 million) in a Series D funding round led by Nuveen, the investment management arm of Teachers Insurance and Annuity Association of America (TIAA). Existing investors Elevar Equity, responsAbility Investments, and Accel Partners also participated… Read More
Global private equity firm Bain Capital has agreed to invest USD570 million in China-based data center developer and operator Beijing Qinhuai Technology. In addition to data center planning, design, construction, and operation, the company provides network and IT support services to clients. Bain will provide the company with strategic support… Read More
India-based hospital network Manipal Hospitals has agreed to acquire Medanta, a multi-specialty hospital chain also based in India, for INR58 billion (approximately USD835 million). The transaction will provide an exit for global alternative asset manager The Carlyle Group. Singaporean sovereign wealth fund Temasek Holdings, an investor in both Manipal and… Read More
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