The Off-Grid Energy Access Fund (OGEF), an Africa-focused fund providing debt financing to companies in the household energy access sector, has reached a first close with US$58 million in capital commitments. Investors in the fund, which will be managed by investment advisory and asset management group Lions Head Global Partners,… Read More
Mexico-focused private equity fund manager EMX Capital has agreed to fully exit Mexico-based specialized cargo transportation company Autotransportes El Bisonte, selling its controlling stake to Mexico-listed transportation company Grupo Traxion. EMX originally invested in Bisonte through EMX Capital Partners I in 2014. Financial details of the transaction, which is subject… Read More
Global private equity fund manager Advent International, which agreed to acquire an 80 percent stake in Walmart Brasil in June 2018, has agreed to invest BRL1.9 billion (approximately US$463 million) in the company’s existing operations across three installments. Advent, which completed the first capital increase of BRL750 million (approximately US$183… Read More
Fincare Business Services, the India-based promoter of Fincare Small Finance Bank (SFB), has raised INR950 million (approximately US$13.5 million) from existing investors through a rights issue. Participants in the round include private equity fund managers True North, TA Associates, LeapFrog Investments and Tata Capital, with the latter investing through Tata… Read More
Asia-focused alternative asset manager Baring Private Equity Asia (BPEA) has partially exited India-listed IT services company Hexaware Technologies, selling an 8.4 percent stake in the company for INR11.2 billion (approximately US$160 million) on the National Stock Exchange of India. After the sale, BPEA retains a 63 percent stake in Hexaware… Read More
Private investment firm DST Global has led a US$200 million Series D round for Maimai, a China-based professional networking platform. Existing investors IDG Capital, DCM and Morningside Venture Capital also participated in the round. The company reportedly plans to hold an IPO in the United States and expand overseas in… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has reached financial close for an 11-year US$35 million loan to Nigeria-based Indorama Eleme Fertilizers & Chemicals (IEFCL). The transaction is part of the… Read More
North and South America-focused private equity firm Arroyo Energy Investors has acquired the Chilean operations of independent power company Pattern Energy Group for US$71 million in cash. Pattern’s Chilean operations mainly consist of its 81-megawatt ownership interest in the 115-megawatt El Arrayán Wind project. Read More
Global venture capital firm Sequoia Capital’s India arm has reached a final close for its sixth fund with US$695 million in capital commitments. The fund will invest in early- and growth-stage companies in the technology, consumer and health care sectors across India and Southeast Asia. Read More
Global impact asset manager Finance in Motion and timber sector advisory company Unique have reached a first close for the sustainable forestry-focused Arbaro Fund with US$60 million in capital commitments. Investors in the fund include development finance institutions the European Investment Bank, which committed US$20 million, and Finnfund, Austrian fair-practice… Read More
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