Emerging markets-focused private credit fund manager Cordiant Capital has led a group of three international lenders in providing US$79 million in senior-secured debt financing for Brazil-based wireless tower builder and operator Brazil Tower Company (BTC). The investment forms part of a round totaling US$104 million, the remaining US$25 million of… Read More
Vietnam-based private sector lender Techcombank, which is backed by global private equity fund manager Warburg Pincus, will reportedly raise US$922 million in its initial public offering on the Ho Chi Minh City Stock Exchange. The bank has agreed to sell 164 million shares, representing 14.1 percent of its total equity… Read More
Latin America-focused private equity fund manager Victoria Capital Partners has acquired Brazil-based sports nutrition distributor Import Sports. The company is the exclusive distributor in Brazil of brands including Optimum Nutrition, Dymatize, Isopure and Ultimate Nutrition. Financial details of the transaction were not disclosed. Read More
India-focused private equity fund manager Gaja Capital has partially exited India-based staffing services company TeamLease for INR1.65 billion (approximately US$25 million). Gaja sold 746,810 shares, representing a 4.37 percent stake, at INR2,210 (approximately US$33.58) per share on the Bombay Stock Exchange and the National Stock Exchange of India. Gaja invested… Read More
Telecom, media and technology-focused venture capital fund manager TLcom Capital has led a US$3.5 million Series A funding round for Kenya-based consumer research company mSurvey. Additional participants in the round include technology-focused impact investment firms Social Capital and Kapor Capital, Africa-focused impact investment holding company Golden Palm and Net Promoter… Read More
India-based budget hotel chain Imperativ Hospitality has raised INR1.1 billion (approximately US$17 million) in a Series B funding round from Samena Capital, a principal investment group focused on South Asia, the Middle East and North Africa. Through the investment, Samena has acquired a 33 percent stake in the company, which… Read More
EverSource Capital, a green infrastructure-focused investment platform formed by India- and Southeast Asia-focused private equity firm Everstone Capital and India- and U.K.-based solar energy company Lightsource BP, has reached a first close for the Green Growth Equity Fund (GGEF) with GBP240 million (approximately US$344 million) in capital commitments. The U.K. Read More
Pan-African food and agriculture-focused private equity fund manager EXEO Capital and Norwegian development finance institution Norfund have invested US$17 million in East Africa-based flower producer Marginpar Flower Group Holdings. EXEO Capital invested through Agri-Vie Fund II. The new capital has helped to finance the Marginpar Flower Group’s acquisition of Kenya-based… Read More
China- and U.S.-focused venture capital fund manager Qiming Venture Partners has closed three new funds with US$1.4 billion in total capital commitments. The funds include Qiming Venture USD Fund VI with US$935 million, Qiming Venture RMB Fund V with CNY2.1 billion (approximately US$335 million) and Qiming U.S. Healthcare Fund I… Read More
Senegal-based classified advertisement platform CoinAfrique has raised EUR2.5 million (approximately US$3 million) in a Series A funding round. Investors in the round include Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires, as well as a pool of investors represented by co-investment platform French Partners and Francophone Africa-focused retailer Mercure International. Read More
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