Africa-focused infrastructure fund manager Harith General Partners has invested US$24.1 million in Malawi-based fiber optic cable network operator Open Connect (OCL) through Pan African Infrastructure Development Fund 2. Through the transaction, Harith will acquire a 60 percent stake in the company, with the remaining 40 percent held by the Malawian… Read More
North Asia-focused private equity fund manager MBK Partners has agreed to sell its 59.15 percent stake in South Korea-listed Orange Life Insurance to Shinhan Financial Group, a South Korea-based, United States-listed financial services conglomerate, for KRW2.3 trillion (approximately US$2.1 billion). MBK will sell 48.5 million shares at KRW47,400 (approximately US$42)… Read More
Brookfield Business Partners, Brookfield Asset Management’s listed investment vehicle focused on the business services and industrials sectors, has agreed to acquire a 55 percent stake in Brazil-based Ouro Verde Locação e Seviços for US$170 million. Ouro Verde leases heavy equipment and light vehicles to corporate clients under multi-year contracts and… Read More
Southeast Asia- and South Korea-focused early-stage venture capital firm Access Ventures has reached a final close for its first fund with US$15 million in capital commitments. Investors in the fund include high-net worth individuals, family offices and corporations from North Asia, Southeast Asia and the United States. Launched in September… Read More
Egypt-based online real estate marketplace Aqarmap.com has raised a Series A funding round from MENA-focused venture capital firms Wamda Capital, KISP Ventures and Raed Ventures, as well as several family offices with interests in the real estate sector. The company plans to use the new funds to strengthen its presence… Read More
European technology-focused growth capital investor 3TS Capital Partners has led a Series B investment of EUR11.5 million (approximately US$13 million) in Hungary- and Switzerland-based cloud encryption software developer Tresorit. Central and Eastern Europe-focused venture capital firm PortfoLion and several existing investors, including high-net worth individuals, also participated in the round. Read More
Private equity and venture capital fund managers Lightspeed Venture Partners and DST Global have invested US$225 million in India-based business-to-business e-commerce portal Udaan, valuing the company at US$1 billion. Udaan allows retailers and small- and medium-sized wholesalers and traders to purchase and sell goods on its platform and underwrites loans… Read More
United Arab Emirates-based automated investment advisory platform Sarwa has raised US$1.3 million in a pre-Series A round from venture capital firms Shorooq Investments, Middle East Venture Partners (MEVP), 500 Startups, Women’s Angel Investor Network, Hala Ventures and Saned Partners. Sarwa launched its services in February 2018 under the Innovation Testing… Read More
China-based automotive marketplace SouChe has raised US$578 million in a funding round led by China-focused private equity and venture capital fund managers Primavera Capital Group and Morningside Venture Capital. Existing investors including e-commerce and technology conglomerate Alibaba Group Holding, investment firm Dreamfly Capital and private equity fund manager ClearVue Partners… Read More
Central and Eastern Europe-focused private equity fund manager Resource Partners has acquired an additional interest in Poland-based animal feed producer Golpasz from minority shareholders, increasing its stake from 67 percent to 85 percent. In partnership with Resource Partners, Golpasz plans to modernize and expand two of its existing production facilities. Read More
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