Middle East- and Africa-focused alternative investment firm Gulf Capital has acquired a 70 percent stake in Medica Holding, a United Arab Emirates-based provider of aesthetic, cosmetic, and dermatological equipment and products. The company’s services include consulting, education, logistics, and marketing across four verticals: equipment, medical injectables, cosmeceuticals, and para-pharmaceuticals. Medica… Read More
Brazil-focused alternative investment fund manager Vinci Partners has exited Brazil-based ceramic tile manufacturer Cecrisa to Duratex, a wood panel producer also based in Brazil. Duratex will acquire the company from Vinci and other shareholders for BRL539 million (approximately USD132 million). Cecrisa operates three plants with 1,700 employees. The transaction is… Read More
Global asset manager BlackRock has acquired the Aguasalientes solar project, a 68-megawatt facility in Mexico, from Canada-based solar panel manufacturer and project developer Canadian Solar. Electricity generated by the plant will be sold under two separate power purchase agreements with Mexico’s state-owned utility. Financial details of the transaction, which was… Read More
Growth markets investor Actis has raised USD150 million through the Series A issue of a Certificado de Proyectos de Inversión (CERPI) offering on the Mexican Stock Exchange (BMV). Actis will be able to raise an additional USD200 million via further series. The CERPI, which was listed under the ticker symbol… Read More
Indonesia-based online travel platform Traveloka has reportedly raised USD420 million in a funding round led by Singaporean sovereign wealth fund GIC. Existing investors in the company, including Hillhouse Capital Management, Sequoia Capital, East Ventures, Global Founders Capital, JD.com, and Expedia, also participated in the round. Traveloka will use the funds… Read More
China-focused venture capital fund manager Source Code Capital has reportedly raised a combined USD570 million for Source Code Venture Fund IV and Source Code Growth Fund I. Investors in the funds include sovereign wealth funds, endowments, foundations, pension funds, funds of funds, family offices, and executives from global companies. Source… Read More
Africa-focused private equity fund manager Phatisa has agreed to sell its controlling stake in Africa-based fertilizer distributor Meridian Group to Saudi Arabia-listed mining and metals group Ma’aden. Phatisa originally invested in Meridian, which has a presence in Malawi, Mozambique, Zimbabwe, and Zambia, in 2014 through its African Agriculture Fund. Financial… Read More
Global private equity fund manager Warburg Pincus has led a Series D funding round of USD140 million for China-based K-12 education company Gaosi Education. The company provides one-on-one and live-streamed tutoring services in various subject areas, as well as tools and services for educators, and plans to use the funds… Read More
China-based coffee chain Luckin Coffee has raised USD150 million in a funding round led by global asset manager BlackRock, which contributed USD125 million of the total. Luckin, which is also backed by Singaporean sovereign wealth fund GIC and China-focused investors Centurium Capital, CICC, Legend Capital, and Joy Capital, plans to… Read More
India-based non-banking financial company Electronica Finance (EFL) has issued USD10 million in INR-denominated, senior-secured green bonds to impact investment fund manager responsAbility Investments. EFL will use the funds to provide equipment financing for small and medium-sized enterprises (SMEs) in the machine tools, plastics, printing, and packaging industries in India. The… Read More
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