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
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
A consortium of investors including the Russian Direct Investment Fund (RDIF), Mubadala Investment Company, Baring Vostok Capital Partners, Flashpoint, RTP Global, and Winter Capital have agreed to invest USD40 million in Russia-based online streaming video company ivi. The company aims to use the new funding to develop its own original… Read More
China-based online education services company GSX Techedu has raised USD208 million in its initial public offering (IPO) on the New York Stock Exchange. The company sold 20 million American Depositary Shares (ADS), with 3 ADSs representing 2 Class A ordinary shares, at a price of USD10.50 per ADS in the… Read More
Central and Eastern Europe-focused private equity fund manager Mid Europa Partners has agreed to sell Knjaz Miloš, a Serbia-based beverage producer, to Czech Republic-based bottled water company Karlovarské Minerální Vody (KMV) and multinational food and beverage corporation PepsiCo. Mid Europa acquired a majority stake in Knjaz Miloš in 2015. Financial… Read More
The SoftBank Vision Fund, a private investment fund managed by Japan-based technology conglomerate SoftBank, has led a USD100 million investment in Loggi, a Brazil-based logistics and delivery company. Other participants in the funding round include venture capital firms GGV Capital and Fifth Wall Ventures, investment management firm Velt Partners, and… Read More
China-based online education services company GSX Techedu has raised USD208 million in its initial public offering (IPO) on the New York Stock Exchange. The company sold 20 million American Depositary Shares (ADS), with 3 ADSs representing 2 Class A ordinary shares, at a price of USD10.50 per ADS in the… Read More
Africa-focused private investment firm Helios Investment Partners and the Egyptian-American Enterprise Fund (EAEF), a United States government-backed investment vehicle managed by Lorax Capital Parters, have acquired a 96.7 percent stake in Misr Hytech Seed International, an Egypt-based producer of agricultural seeds. The company develops and produces hybrid seeds of white… Read More
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
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