Brazil-focused alternative asset manager Bozano Investimentos has invested in Brazil-based fintech startup Paggcerto through Criatec 2. The company offers payment and invoice factoring solutions to small businesses in Brazil. Financial details of the transaction were not disclosed. Read More
Global investment banking and asset management group Goldman Sachs and China-based e-commerce and technology conglomerate Alibaba Group Holding have led a US$600 million Series A funding round for Suning Sports, the sports-focused arm of China-based retailer Suning. Yunfeng Capital, Lion Rock Capital, Evergrande Group, SenseTime, China Construction Bank, Industrial &… Read More
Emirati sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and global alternative asset manager TPG have agreed to invest US$1.2 billion for a combined 22 percent stake in India-based agrochemical manufacturer UPL Corporation. The company plans to use the funds to support its acquisition of 100 percent of Arysta LifeScience,… Read More
The Centre for Innovation, Incubation and Entrepreneurship (CIIE), the incubator program of the Indian Institute of Management (IIM) in Ahmedabad, has reached a first close for Bharat Innovation Fund. Investors in the fund include Small Industries Development Bank of India, financial services firms ICICI Lombard and RBL Bank and corporate… Read More
Global alternative investment fund manager Avenue Capital Group has reached a final close for Avenue Asia Special Situations Fund V with US$450 million in capital commitments. The fund will make direct loans to Asia-based companies with limited access to bank financing, as well as acquire non-core assets from multinational companies… Read More
Turkey-focused private equity fund manager Turkven has agreed to acquire a majority stake in Turkey-based packaging company Elif Holding. The company supplies packaging for the food, beverage, pet, home and personal care industries in more than 50 countries. Financial details of the transaction, which is subject to regulatory approval, were… Read More
Thailand-focused private equity fund manager Lakeshore Capital has acquired a controlling stake in Thailand-based pharmaceutical company Devakam Apothecary Hall. The company, which manufactures over-the-counter analgesic creams under the Namman Muay brand, plans to partner with Lakeshore to recruit new management, expand its product lines, modernize the company brand and improve… Read More
Emerging markets specialist private equity fund manager LeapFrog Investments has acquired a majority stake in India-based medical products manufacturer Ascent Meditech. The company, which markets orthopedic, mobility and wound care products primarily under the Flamingo brand, will partner with LeapFrog to expand its product line and geographic presence in Sub-Saharan… Read More
Global private equity fund manager Cathay Capital Private Equity has reached an EUR600 million (approximately US$701 million) first close for Cathay Midcap II. Investors in the fund include China Development Bank, Bpifrance and the China-EU Co-investment Fund—a partnership between the European Investment Fund and the Silk Road Fund—as well as… Read More
West Africa-focused private equity fund manager African Capital Alliance (ACA) has invested in Nigeria-based Daraju Industries through Capital Alliance Private Equity IV. The company, which produces personal care and household products, plans to use the funds to expand its product lines and boost capital expenditure. Financial details of the transaction… Read More
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