Global alternative asset manager KKR has agreed to invest up to SGD500 million (approximately US$366 million) in Singapore-based specialty retailer V3 Group through KKR Asian Fund III. The company owns and develops various luxury and wellness consumer brands across 26 countries, with a primary focus on Asia. V3 will partner… Read More
Global alternative investment manager Värde Partners has announced the final close of Värde Asia Credit Fund with US$400 million in capital commitments. Investors in the fund include institutions from Asia, Europe and the United States. The fund will invest in corporate credit, special situations and stressed and distressed real estate… Read More
China-based financial services company Lufax has raised US$1.33 billion in a funding round led by China-focused private investment firm Primavera Capital Group. Other investors participating in the round include Qatar Investment Authority, All-Stars Investment, SBI Holdings, J.P. Morgan, Macquarie Group, UBS, UOB, Goldman Sachs, LionRock Capital, Hedosophia and Hermitage Capital. Read More
Global alternative investment manager Värde Partners has announced the final close of Värde Asia Credit Fund with US$400 million in capital commitments. Investors in the fund include institutions from Asia, Europe and the United States. The fund will invest in corporate credit, special situations and stressed and distressed real estate… Read More
East Africa-focused private equity fund manager Catalyst Principal Partners has reached a final close for Catalyst Fund II with US$155 million in capital commitments. Investors in the fund include development finance institutions EIB, IFC, AfDB and SIFEM. Catalyst Fund II will invest between US$7.5 million and US$22.5 million in consumer-focused… Read More
Alternative investment fund managers AfricInvest and Gulf Capital have invested US$51 million in iSON Xperiences, a Kenya-based outsourcing and customer service company. Through AfricInvest III and Gulf Credit Opportunities Fund II, the firms each provided US$25.5 million in structured debt and equity financing to support iSON’s growth and acquire shares… Read More
Topica Edtech Group, a Vietnam-based online education company, has raised US$50 million in a Series D round led by Southeast Asia-focused private equity firm Northstar Group. Topica provides a suite of online educational products, including live tutoring courses led by native English speakers from the United States, Australia and other… Read More
Emerging markets-focused principal investor Standard Chartered Private Equity (SCPE) has acquired a controlling stake in Sunwoo, a South Korea-based meat importer, for US$90 million. The company sources meat from international suppliers, including U.S.-based Cargill and Brazil-based JBS, and distributes it to domestic restaurants, wholesalers and meat processors. Read More
Global private equity fund manager Warburg Pincus has led a Series B round of US$150 million for Geek+, a China-based artificial intelligence-enabled robotics developer. Vertex Ventures and Volcanics Venture also participated in the round. Geek+ provides warehousing, logistics and manufacturing automation solutions to Australia-, Asia-, Europe- and U.S.-based corporations. Read More
Poland- and Central Europe-focused mid-market buyout firm Value4Capital has acquired Kom-Eko, a Poland-based municipal and commercial waste collection, sorting and processing company. Value4Capital acquired the company through V4C Poland Plus Fund from CEE-focused alternative asset manager Royalton Partners. The transaction includes co-investments from the European Investment Bank (EIB Group) and… Read More
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