Africa-focused corporate information platform Asoko Insight has raised US$3.6 million in a Series A funding round from new and existing investors. Previous backers North Base Media, Singularity Investments, CRE Venture Capital and Lateral Capital, as well as new investors LC Partners, Spice Fund, Outlierz Ventures and Zephyr Management, contributed to… Read More
South Africa-based drink manufacturer The Beverage Company, which is backed by Sub-Saharan Africa-focused private equity fund managers Ethos and Nedbank Private Equity, has agreed to acquire SoftBev, a South Africa-based beverage company. Through the acquisition, The Beverage Company will take over production of SoftBev’s original brands, as well as its… Read More
India-based mid-priced hotel chain Lemon Tree Hotels has raised INR10.38 billion (approximately US$159 million) in its initial public offering (IPO) on the Bombay Stock Exchange and National Stock Exchange of India. Lemon Tree’s investors sold 186 million shares at a price of INR56 (approximately US$0.86) per share in the offering. Read More
Turkey-focused private equity fund manager Mediterra Capital Partners has exited its majority stake in Turkey-based insurance and reinsurance brokerage company ACP Sigorta to Howden Broking Group, an affiliate of U.K.-based Hyperion Insurance Group. Mediterra originally invested in ACP in 2014 through Mediterra Capital Partners I. Financial details of the transaction,… Read More
India-focused early-stage venture capital firm Saama Capital has reached a final close for Saama Capital IV with US$100 million in capital commitments. Investors in the fund include large family offices and endowments from outside of India. The fund will target investments in early-stage start-ups across a range of sectors, with… Read More
A consortium led by Asia-focused alternative investment firms MBK Partners and Baring Private Equity Asia has agreed to acquire China-based and New York Stock Exchange-listed car rental services company eHi Car Services at an implied equity value of US$937.5 million. The consortium will take the company private for a consideration… Read More
Zilingo, a Singapore-based fashion, beauty and lifestyle e-commerce platform, has raised US$54 million in a Series C round led by Belgium-listed investment company Sofina; Burda Principal Investments, the growth equity arm of Germany-based Hubert Burda Media; and global private equity and venture capital fund manager Sequoia Capital. Global technology investor… Read More
Emerging markets-focused real estate investment firm Equity International, Goldman Sachs Merchant Banking Division and family office Centaurus Capital, alongside Argentina-focused private investment firm Grupo Pegasus, have partnered to launch ARG Realty Group with an investment of US$300 million. ARG will develop a portfolio of income-producing commercial real estate assets in… Read More
E-commerce platform Meituan-Dianping has agreed to acquire China-based bike-sharing company Mobike for a reported US$3.7 billion, including the assumption of US$1 billion in debt. Meituan will fund the acquisition through a combination of 35 percent equity shares and 65 percent cash. Mobike is backed by strategic investor Tencent Holdings, Singaporean… Read More
Middle East-focused alternative investment firms NBK Capital Partners and Gulf Capital have invested in Jordan-based clothing manufacturer and distributor Classic Fashion Apparel. NBK invested through NBK Capital Partners Mezzanine Fund II, and Gulf Capital invested through Gulf Credit Opportunities Fund II. Classic Fashion Apparel will use the new funds to… Read More
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