China-based, US-listed online entertainment platform Bilibili has raised USD755 million through a follow-on offering on Nasdaq and concurrent sale of convertible notes. The company sold 14 million American Depository Shares (ADS), each representing one Class Z ordinary share of the company, at a price of USD18.00 per ADS in the… Read More
Metropolis Healthcare, an India-based diagnostics laboratory chain, has completed its initial public offering (IPO) on the Bombay Stock Exchange and the National Stock Exchange of India, raising INR12 billion (approximately USD174 million). The company did not issue any primary shares in the offering, which consisted entirely of shares sold by… Read More
Africa-focused private investment firm Helios Investment Partners has invested USD41.5 million for a 25 percent stake in Axxela, the Nigeria-based natural gas distribution subsidiary of Nigeria- and South Africa-listed oil company Oando. The transaction follows Helios’ acquisition of a 75 percent stake in the company from Oando in 2016 for… Read More
India- and Southeast Asia-focused private investment group Everstone Capital has agreed to exit its controlling stake in India-based pharmaceutical developer Rubicon Research to global growth equity firm General Atlantic, reportedly generating a 4.5x return multiple and 92% IRR on the transaction. Separately, Everstone has agreed to acquire a majority stake… Read More
Central Europe-focused private equity fund manager ARX Equity Partners has acquired Fenestra Wieden, a Czech Republic-based aluminum-glass facade producer, and the Czech facade operations of Skanska, a Sweden-based construction company. The two entities have been combined and collectively rebranded as Fenestra. Financial details of the transaction were not disclosed. Read More
East Africa-focused private equity and venture capital fund manager Fanisi Capital has agreed to exit a controlling stake in Kenya-based drug retail chain Haltons Pharmacy to mPharma, a Ghana-based inventory management company serving pharmacies and pharmaceutical suppliers. The deal is reportedly valued at KES500 million (approximately USD5 million). Fanisi first… Read More
Daystar Power Group, a Mauritius-based hybrid solar power developer operating West africa, has raised USD10 million in equity from Anglophone West Africa-focused private equity firm Verod Capital Management and Persistent Energy Capital, an Africa-focused off-grid energy investment firm. The deal represents Verod’s final investment from its second fund. Daystar has… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a 10 percent stake in Luolai Lifestyle Technology, a China-listed textile manufacturer and distributor, for CNY726 million (approximately USD108 million). Carlyle will purchase 75 million shares of Luolai at a price of CNY9.62 (USD1.43) per share from Shihezi Zhongbang… Read More
Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a final close for India Office Assets Fund I with USD400 million in capital commitments. The fund was established in partnership with DivyaSree Developers, an India-based urban real estate and infrastructure development company, and received an anchor… Read More
European technology-focused growth capital investor 3TS Capital Partners has sold its 29 percent stake in Poland-based web hosting and domain registration provider H88 for EUR13.6 million (approximately USD15 million) to Polish telecommunications company R22 Group. 3TS originally invested EUR5.5 million (USD6 million) in H88 in 2016. Read More
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