Brazil-focused alternative investment fund manager Vinci Partners has acquired the Brazilian operations of international restaurant chain Domino’s Pizza from Brazil-based restaurant operator Grupo Trigo. Vinci reportedly plans to increase Domino’s media exposure in São Paulo and invest up to BRL250 million (approximately US$61 million) to open an estimated 500 new… Read More
Global alternative asset firm TPG has invested INR6.5 billion (approximately US$90 million) for a 40 percent stake in India-based building wire and low-voltage cable manufacturer RR Kabel. The company, which recently released a line of consumer appliances, will partner with TPG to develop new products and expand its presence in… Read More
Cube Highways and Infrastructure, an India-based toll roads investment platform established by global infrastructure investment firm I Squared Capital and development finance institution International Finance Corporation, has acquired 100 percent of NAM Expressways from India-based Ramky Infrastructure for INR16.7 billion (approximately US$232 million) including debt. NAM operates 211 kilometers of… Read More
Nigeria-based digital payments company Paga has raised US$10 million from a group of investors led by development-focused investment firm Global Innovation Fund. Other investors in the Series B2 round include impact investors Goodwell Investments, Adlevo Capital, Omidyar Network and Unreasonable Capital. Paga plans to use the funds to expand into… Read More
GreyOrange, a Singapore-based manufacturer of robotics systems used in fulfillment centers, has raised US$140 million in a Series C round led by global technology-focused investment firm Mithril Capital. India-focused venture capital fund manager Blume Ventures and Flipkart co-founder Binny Bansal also participated in the round. GreyOrange plans to use the… Read More
Miss Fresh, a China-based fresh produce delivery service, has raised US$450 million in a funding round led by Goldman Sachs Investment Partners and China-based technology conglomerate Tencent Holdings. Other investors in the round included China Renaissance, Davis Selected Advisers, Glade Brook Capital, Jeneration Capital, Poly Capital, Sofina and Tiger Global… Read More
Africa-focused private credit fund manager Vantage Capital has fully exited South Africa-based investment holding company New GX Capital, reportedly generating a 35 percent return on its original investment. Vantage provided the company with ZAR250 million (approximately US$17 million) in financing in 2016 through its third fund. New GX used the… Read More
Partech Ventures, a venture capital firm investing in Europe, the United States, Africa and Asia, has led a Series B round totaling US$16 million for South Africa-based point-of-sale payments company Yoco. Other investors in the round include Dutch development finance institution FMO, corporate venture capital firm Orange Digital Ventures, fintech-focused… Read More
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
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