China-based electronics producer Xiaomi—which is backed by private equity and venture capital fund managers DST Global, Hopu Investment Management, IDG Capital, Matrix Partners, Morningside Ventures, Qiming Venture Partners, Shunwei Capital Partners and Yunfeng Capital—has raised HKD37 billion (approximately US$4.7 billion) through its initial public offering on the Hong Kong Stock… Read More
MENA-focused venture capital firm Algebra Ventures, along with KISP Ventures, Arzan Venture Capital and Financial Horizon Group, has invested US$1.5 million in Jordan-based software developer POSRocket. The company, which provides cloud-based point-of-sale software for restaurants and retailers, plans to use the funds to expand its business in the region. Read More
Africa-focused private equity fund manager Alta Semper Capital has agreed to invest in Oncologie et Diagnostic du Maroc (ODM), a Morocco-based oncology, radiology and diagnostics group. ODM has established a network of seven health care centers in Morocco’s major cities through bolt-on acquisitions. The company reportedly plans to use the… Read More
Early-stage venture capital firm Artha India Ventures has reached a first close for its debut fund with INR400 million (approximately US$6 million) in capital commitments. Investors in the fund include publicly traded companies, India-based family offices and high-net worth individuals. The fund launched in June 2017 with a target of… Read More
China-focused private investment firm CITIC Private Equity Funds Management has reached a final close for its third U.S. dollar-denominated China-focused fund, reportedly exceeding its hard cap of US$2.2 billion in capital commitments. Launched in the fourth quarter of 2017, CPE China Fund III reached a first close in March 2018… Read More
India-based automobile parts manufacturer Varroc Engineering has raised INR19 billion (approximately US$282 million) through its initial public offering on the Bombay Stock Exchange and National Stock Exchange of India, facilitating an exit for India-focused growth equity fund manager Tata Capital. The offering included a total of 20 million shares sold… Read More
C-Bridge Capital, a China-focused private equity fund manager targeting opportunities in health care, has reached a first close for C-Bridge Healthcare Fund III with US$400 million in capital commitments. The fund reportedly launched in January 2018 with a target of US$650 million and a hard cap of US$800 million. It… Read More
Africa-focused mezzanine and private credit fund manager Vantage Capital has provided US$10 million in mezzanine funding to Cap Tamarin, a residential and commercial real estate project in Mauritius to be built by property development group Trimetys. Cap Tamarin, located in the coastal village of Tamarin, will comprise a 400,000-square meter… Read More
African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments, has acquired a 50 percent stake in Société d’Exploitation et de Gestion Aéroportuaires (SEGAP), a holding company for airport assets in West and Central Africa. AIIM invested through its third pan-African fund, AIIF3, which targets investments in power,… Read More
Financial services-focused buyout firm J.C. Flowers & Co. has acquired the Romanian subsidiary of Greece-based Piraeus Bank. J.C. Flowers plans to help Piraeus Bank Romania, which offers retail, small business and corporate banking services, continue to grow domestically. Financial details of the transaction, which has received the necessary approvals from… Read More
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