Pan-African private equity fund manager AfricInvest has held a second close for Maghreb Private Equity IV with EUR172 million (approximately US$199 million) in capital commitments. New investors in the fund include OeEB, the Development Bank of Austria, and a South Africa-based fund of funds. Other investors include development finance institutions… Read More
Global alternative asset manager The Carlyle Group, along with its portfolio company Meinian Onehealth Healthcare Holdings, has invested in China-based clinical laboratory company Adicon Holding. The company operates 20 laboratories offering outsourced diagnostic testing services to more than 10,000 customers across 28 provinces in China. Carlyle invested through Carlyle Asia… Read More
China-based supply chain finance and technology company Linklogis has raised US$220 million in a Series C financing round led by Singaporean sovereign wealth fund GIC. Additional participants in the round include GLP, Skyworth, China Oceanwide and Welight Capital, as well as existing investors Bertelsmann Asia Investments, Tencent Holdings, CITIC Capital… Read More
Global private equity fund manager Advent International has acquired a controlling stake in India-based rigid plastic packaging manufacturer Manjushree Technopack. As part of the transaction, India-focused private equity fund manager Kedaara Capital, which originally invested in Manjushree in 2015, exited its reported 40 percent stake in the company. Advent also… Read More
India-focused venture capital fund managers Chiratae Ventures, formerly known as IDG Ventures India, and Alkemi Venture Partners have invested US$3 million in a Series A financing round for India-based fertility services solutions provider Elawoman. The company uses artificial intelligence to match patients with doctors and services and also provides a… Read More
Korea-focused private equity fund manager Hahn & Company has acquired a 79 percent stake in Korea-based SK Shipping for US$3.7 billion. Hahn will commit US$1 billion in equity to the deal, which includes the assumption of debt and a new capital injection of approximately US$1.4 billion. SK Shipping operates 92… Read More
China-based grocery delivery company Meicai has reportedly raised US$600 million in a new funding round led by private investment firms Tiger Global Management and Hillhouse Capital. Meicai operates an e-commerce platform that enables farmers to sell fresh produce directly to restaurants and plans to use the capital to expand operations… Read More
Central and Eastern Europe-focused private equity fund manager Mid Europa Partners has agreed to sell its 99.8 percent stake in Poland-based Polskie Koleje Linowe (PKL) to the government-backed Polish Development Fund. PKL provides cable car, funicular, ski lift and ski slope services across seven locations in Poland. Mid Europa originally… Read More
Sub-Saharan Africa-focused impact investing group Investisseurs & Partenaires (I&P) has invested in three companies through I&P Afrique Entrepreneurs 2: Afribon, a food flavor producer operating in Cameroon and East Africa; African Management Initiative (AMI), a Kenya-based provider of workforce training programs and educational tools; and CoinAfrique, a Francophone Africa-focused online… Read More
Emerging markets-focused asset manager The Rohatyn Group (TRG) has acquired pet supplies retailers Pet Product and MIMAJA. Romania-based Pet Product operates 82 stores under the Animax brand, and Slovenia-based MIMAJA operates 16 stores under the Mr. Pet brand. The companies will form part of TRG’s pet care platform in the… Read More
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