Aqua Capital, an agribusiness private equity fund manager focused on control investments in South America, has acquired a majority stake in Brazil-based dairy company Lac Lélo for BRL100 million (approximately US$26 million). The company, which produces various types of cheese and dairy products, plans to partner with Aqua to expand… Read More
Global growth markets investor The Abraaj Group has agreed to sell its stake in the Dubai campus of U.K.-based Middlesex University to Amanat Holdings, a U.A.E.-based investor in health care and education, for approximately US$100 million. Abraaj acquired a stake in the overseas campus, which serves about 3,000 undergraduate and… Read More
Myanmar-focused private equity fund manager Delta Capital Myanmar has reached a final close for Myanmar Opportunities II with about US$70 million in capital commitments. The fund, which launched in 2016 with a US$100 million target, reached a first close in November of that year with US$30 million in capital commitments. Read More
China-based online education company VIPKID has raised a US$500 million Series D+ round led by private equity and venture capital fund managers Coatue Management, Sequoia Capital and Yunfeng Capital and strategic investor Tencent. The company connects students in China and 35 other countries with North American teachers for one-on-one online… Read More
Global venture capital fund manager Matrix Partners has reached a final close for Matrix Partners China V with US$750 million in capital commitments. The fund, which received commitments from 53 undisclosed investors, will invest in technology, education, energy, health care and financial services companies in China. Read More
China-focused private equity firm Centurium Capital has reached a first close for its debut fund with US$925 million in capital commitments. Investors in the fund include Asia-, North America- and Europe-based sovereign wealth funds, funds of funds and family offices. Centurium will allocate up to 45 percent of the fund’s… Read More
India-focused investment advisory firm Multiples Alternate Asset Management has reportedly agreed to invest about INR2.5 billion (approximately US$37 million) for a 60 percent stake in India-based non-banking finance company APAC Financial Services. The company plans to use the funds to expand both its wholesale lending business and its affordable housing… Read More
Global alternative asset manager The Carlyle Group has reached a final close for Carlyle Asia Partners V with US$6.55 billion in capital commitments. Investors in the fund include Asian sovereign wealth funds, U.S. pension funds and high-net worth individuals. Launched in July 2017 with a target of US$5 billion, the… Read More
Criterion Africa Partners, a Sub-Saharan Africa-focused private equity firm specializing in the forestry sector, has reached a first close for Africa Sustainable Forestry Fund II with US$81 million in capital commitments. Investors in the fund include impact investment advisor Obviam, the Grantham Foundation for the Protection of the Environment and… Read More
East Africa-focused venture capital fund manager Novastar Ventures has led a US$1 million Series A investment in Ethiopia-based specialty food supplier Perennial Foods Group. The Enterprise Development Programme, the impact investing arm of Oxfam Great Britain, also participated in the funding round. Perennial Foods sources organic foods from smallholder farmers… Read More
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