Africa-focused mezzanine fund manager Vantage Capital has invested US$8 million in Rosslyn Riviera Shopping Mall, a retail center located in Nairobi, Kenya. Rosslyn Riviera’s tenants include Chandarana Supermarkets, Java House, News Café and Nairobi Hospital. Vantage invested through Vantage Mezzanine III. Read More
Pan-European private equity firm Cinven has agreed to acquire Hungary-based pet food manufacturer Partner in Pet Food (PPF) from alternative investment firm Pamplona Capital Management. Pamplona acquired PPF in 2015 from global private equity fund manager Advent International through Pamplona Capital Partners IV for EUR315 million (approximately US$339 million). Financial… Read More
China-focused venture capital firm Sinovation Ventures has reached a final close for its fourth U.S. dollar-denominated fund with US$500 million in capital commitments. Reportedly launched in February 2018, the fund has received commitments of US$50 million from Spain-based banking group BBVA and US$15 million from International Finance Corporation, as well… Read More
FPT Retail, the digital retail arm of Vietnam-based information technology company FPT, has officially listed 40 million shares in the company on the Hochiminh Stock Exchange (HOSE) at VND125,000 (approximately US$5.47) per share. The company is backed by Vietnam-focused investment firms Dragon Capital Group and VinaCapital. Dragon Capital and VinaCapital… Read More
Shareholders of India-based mobile telecommunications infrastructure operator Indus Towers have agreed to merge their respective holdings in the company into Bharti Infratel, another India-based telecommunications company. Indus Towers is owned by Bharti Infratel, U.K.-based mobile network company Vodafone, India-based telecommunications company Idea Cellular and private equity firm Providence Equity Partners. Read More
China-focused early-stage venture capital firm Sky9 Capital has reached a final close for Sky9 Capital Fund III with US$200 million in capital commitments. Limited partners in the fund include institutional investors, family foundations and high-net worth individuals. The fund will invest mainly in China-based internet and technology companies. Read More
China-based truck-hailing company Manbang Group has raised US$1.9 billion in a funding round led by the SoftBank Vision Fund and China Reform Fund, an investment firm backed by China Reform Holdings and other Chinese state-owned institutions. Other participants in the round include investment firms Farallon Capital, Baillie Gifford, Sequoia Capital,… Read More
Abu Dhabi state investor Mubadala Investment Company and emerging markets-focused infrastructure fund manager Mubadala Infrastructure Partners (MIP) have exited their joint 50 percent stake in Abu Dhabi Terminals (ADT), a United Arab Emirates-based port operator. The stake was purchased by the remaining shareholder in the company, United Arab Emirates-based port… Read More
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
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