Colombia-based low-cost online grocery delivery platform Merqueo has secured USD14 million in a Series A funding round led by Caribbean- and Central America-focused fund manager Portland Private Equity. Endeavor Catalyst, an impact investing non-profit organization, also participated in the round. The company delivers groceries to customers in Bogotá and Medellín… Read More
Global consumer-focused private equity fund manager L Catterton has invested in Argentina-based winery Susana Balbo Wines. The winery, which exports to 33 countries through its Crios, BenMarco, Susana Balbo Signature, and Nosotros brands, plans to partner with L Catterton to grow its presence in Asia. Financial details of the transaction… Read More
Global private equity fund manager EQT Partners has agreed to invest CNY378 million (approximately USD56 million) for a minority stake in VBill, a China-based third-party payment company serving small and medium-sized enterprises. EQT will invest through EQT Mid Market Asia III. The company will use the new partnership with EQT… Read More
Darby Private Equity, the private capital arm of Franklin Templeton Investments, has completed an investment in Panama-based specialty pharmaceutical distributor Pharma Consulting Group (Biopas). The company, which offers immunology, rare disease, central nervous system, oncology, specialty care, and dermatology products across 13 countries in Latin America, will use the new… Read More
China-based pharmaceutical company HaiHe Biopharma has raised USD147 million in a funding round led by Chinese health-care-focused venture capital firm Huagai Capital. Other investors in the round include Atlas Capital, Yingke Private Equity, Hillhouse Capital, Boyuan Capital, Elite Capital, the Chinese Academy of Sciences Venture Capital Management, CSPC Pharmaceutical Group,… Read More
Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) has reached a second close for I&P Afrique Entrepreneurs 2 with EUR75 million (approximately USD85 million) in commitments. After reaching a first close in December 2017, the fund has brought on new investors including development finance institutions BIO, DGGF, and Bpifrance;… Read More
Singapore-based fashion e-commerce platform Zilingo has secured USD226 million in a Series D funding round from existing investors Sequoia Capital, Burda Principal Investments, Sofina, and Temasek Holdings. New investor EDB Investments, the corporate investment arm of Singapore’s Economic Development Board, also joined the round. Founded in 2015, the company will… Read More
Brazil-focused alternative asset manager Patria Investments has formed a joint venture with Shell Energy Brazil and Mitsubishi Hitachi Power Systems (MHPS) to construct the Marlim Azul thermoelectric power plant. Rights to construct the 565-megawatt plant were won at auction in December 2017 after which Patria Investments acquired a 50.1 percent… Read More
Brazil-focused private equity firm Alothon Group has agreed to acquire a majority stake in Elétron Energy, a Brazil-based energy solutions provider, for more than BRL100 million (approximately USD27 million). The company will use the new capital and partnership to expand its power generation, consumer management, and energy trading businesses. The… Read More
Baltics-focused investment manager INVL Asset Management has held a first close for INVL Baltic Sea Growth Fund with EUR106 million (approximately USD121 million) in commitments. Investors in the fund—which is anchored by the European Investment Fund—include pension funds managed by INVL and Estonian asset manager LHV. The fund, which aims… Read More
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