Emerging markets-focused profit-with-purpose private equity firm LeapFrog Investments has purchased a stake in Sri Lanka-based Softlogic Life Insurance from Dutch development finance institution FMO for US$12 million. The company offers a range of life and health insurance products and has partnered with Sri Lanka-based telecommunications company Dialog Axiata to provide… Read More
Global alternative investment manager KKR has raised US$183 million via a Certificado de Proyectos de Inversión (CerPi) offering on the Mexican Stock Exchange (BMV). KKR raised US$100 million for the Series A tranche and US$83 million for the Series B. The two series listed under the ticker symbols KKRPI 18D… Read More
Global Affairs Canada has launched a request for expressions of interest (EOIs) to design and manage the Partnership for Gender Equality. Launched in May 2018, the Partnership forms part of Canada’s initiative to catalyze investment from the private and public sectors in support of gender equality, women’s rights and the… Read More
India-focused alternative investment fund managers Motilal Oswal Private Equity (MOPE) and InvAscent have reportedly invested US$100 million in Symbiotec Pharmalab, an India-based pharmaceutical ingredient manufacturer. The transaction included the acquisition of a 70 percent stake in Symbiotec from global growth markets investor Actis, as well as a primary equity investment. Read More
U.K.-based financial services group Standard Chartered has agreed to terms for the spinout of its private equity business and the sale of the majority of private equity assets held on its balance sheet. Affirma Capital, a newly formed independent private equity firm owned and operated by the former management team… Read More
India-focused private equity fund manager Faering Capital has led a Series B round of INR1 billion (approximately US$14 million) for WheelsEMI, an India-based non-banking financial company that provides financing for pre-owned two-wheeler vehicles. Faering invested INR640 million (approximately US$9 million), and Elevar Equity, an emerging markets-focused venture capital firm, reportedly… Read More
India-focused private equity firm Multiples Alternate Asset Management has led an investment of INR4 billion (approximately US$56 million) in APAC Financial Services, an India-based non-banking financial company. Multiples reportedly invested INR2.5 billion (US$35 million) for a 37 percent stake while the company’s management team, including founder Gunit Chadha, committed the… Read More
Aqua Capital, a private equity firm focused on control investments in South America-based agribusiness companies, has acquired Total Biotecnologia, a Brazil-based developer of agricultural inoculants. Aqua plans to merge the company with Brazil-based biological product and plant extract producer and distributor Biotrop. The merged company will develop, manufacture and market… Read More
Mid Europa Partners, a private equity fund manager focused on control deals in Central and Eastern Europe, has agreed to acquire 100 percent of intive, a Poland-based software company, for EUR100 million (approximately US$114 million). Mid Europa will acquire the company from Enterprise Venture Fund I and Polish Enterprise Fund… Read More
A consortium led by global secondaries investor Lexington Partners has completed a US$1 billion secondary transaction to acquire stakes in TPG Asia V and TPG Asia VI, funds managed by global alternative investment firm TPG. The 2007-vintage TPG Asia V and 2013-vintage TPG Asia VI originally raised US$3.8 billion and… Read More
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