Africa-focused private investment firm Helios Investment Partners has acquired a 76 percent stake in U.A.E.-based payments company TPAY Mobile from A15, a MENA- and Europe-focused technology investment firm. TPAY provides mobile phone-enabled direct carrier billing services to customers in 16 countries in the Middle East and North Africa. Financial details… Read More
Private equity fund managers Alta Growth Capital (AGC) and The Abraaj Group have invested US$100 million for a majority stake in Docuformas, a Mexico-based company that distributes and finances office equipment. Funds managed by AGC and Abraaj purchased a 51.31 percent stake from Docuformas chairman Adam Peter Jan Wiaktor Rynkiewicz,… Read More
Global alternative investment manager KKR has agreed to sell MMI Holdings, a Singapore-based hard-drive component producer, to a China-based consortium for US$645 million including debt. The acquiring consortium is led by an affiliate of Beijing HBH Innovation Industry Fund and includes China-focused private equity fund manager Cybernaut Investment. KKR acquired… Read More
Southeast Asia-focused venture capital fund manager Golden Gate Ventures has reached a final close for its third fund with US$100 million in capital commitments. Investors in the fund include Singaporean sovereign wealth fund Temasek Holdings, corporate investors Hanwha, Naver and Mitui Fudosan and investment firms CTBC Group, EE Capital, Ion… Read More
U.S.-based discount retailer Walmart has agreed to acquire Cornershop, a U.S.-based grocery delivery company serving customers in Mexico and Chile, for US$225 million. Cornerhsop is backed by philanthropic investor Endeavor Catalyst, the Grupo Bimbo family office and venture capital firms ALLVP, Accel Partners, Creandum and Jackson Square Ventures. The transaction… Read More
Global asset manager BlackRock has raised US$500 million for BlackRock México Infraestructura III via the listing of a Certificado de Proyectos de Inversión (CerPi) on the Mexican Stock Exchange. The fund, which was listed under the ticker symbol BLKCPI 18, will invest in energy, transportation, water and social infrastructure projects… Read More
A consortium led by global alternative asset manager The Blackstone Group has agreed to acquire a 60 percent stake in Baltics-focused Luminor Bank for EUR1 billion (approximately US$1.2 billion) in cash. The consortium will acquire the stake from financial services groups Nordea and DNB, which are based in Sweden and… Read More
China-based Lantu Information Technology, which operates automobile after-sales products and services platform Tuhu Yangche, has raised a Series E round of US$450 million led by China-based internet conglomerate Tencent Holdings and global alternative investment fund managers The Carlyle Group and Sequoia Capital. Other participants in the funding round include state-sponsored… Read More
China-based e-commerce company Meituan Dianping has raised HKD33.2 billion (approximately US$4.2 billion) in its initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 480 million shares at a price of HKD69 (US$8.79) per share in the offering. The IPO received US$1.5 billion in commitments from cornerstone… Read More
China-based electric vehicle manufacturer NIO has raised US$1 billion in its initial public offering on the New York Stock Exchange, selling 160 million American Depositary Shares (ADS) at a price of US$6.26 per ADS. The company is backed by Singaporean sovereign wealth fund GIC and private equity firms Baidu Capital,… Read More
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