Africa-focused private equity fund manager Helios Investment Partners and global investment firm Gemcorp Capital have reportedly invested US$116 million in The Gambia-based telecommunications company Africell via a syndicated loan. Africell, which operates mobile networks in The Gambia, the Democratic Republic of the Congo, Uganda and Sierra Leone, plans to use… Read More
Global private equity fund manager Warburg Pincus has agreed to invest more than US$370 million in Vietnam Technological and Commercial Joint Stock Bank, known as Techcombank. The company, which serves more than five million customers via 315 branches in Vietnam, plans to use the funds to expand its operations and… Read More
Central and Eastern Europe-focused private equity fund manager Enterprise Investors has partially exited its stake in Lithuania-based tour operator Novaturas via an initial public offering (IPO) on the Warsaw Stock Exchange and Nasdaq Vilnius. Enterprise sold a 22 percent stake for gross proceeds of EUR17.8 million (approximately US$22 million). Enterprise,… Read More
Ainda Energia & Infraestructura, the fund management affiliate of Mexico-based energy and infrastructure-focused investment advisory firm Ainda Consultores, has raised MXN4.4 billion (approximately US$236 million) via the listing of a Certificado de Capital de Desarollo (CKD) on the Mexican Stock Exchange. The fund, listed under the ticker AINDACK 18, will… Read More
Growth markets investor Actis has led a US$82 million investment round for India-based digital retail payments platform Pine Labs. Global technology-focused investment firm Altimeter Capital also participated in the round. Pine Labs plans to use the funds to increase network penetration in India and expand operations to other countries. Read More
China-focused venture capital firm Shunwei Capital Partners has led a US$100 million Series D funding round for China-based virtual home design technology company Kujiale. Pavilion Capital, an investment arm of Singaporean sovereign wealth fund Temasek Holdings, also participated in the round alongside existing investors IDG Capital, GGV Capital, Yunqi Capital,… Read More
Global SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has invested in Vietnam-based health care provider Phuong Chau (PCJSC) through the SEAF Women’s Opportunity Fund. PCJSC, which operates the Phuong Chau Hospital and provides obstetrics and gynecology services to women in the greater Can Tho region of Vietnam, plans to… Read More
Russia and CIS-focused private equity fund manager Baring Vostok Capital Partners and Russia-based telecommunications provider MTS have reportedly agreed to invest in Russia-based online retailer Ozon Holdings as part of an RUB3.5 billion (approximately US$62 million) investment round from existing shareholders. MTS will contribute RUB1.15 billion (approximately US$20 million) to… Read More
India-focused venture capital fund manager Prime Venture Partners has reached a final close for its third fund with INR4 billion (approximately US$62 million) in capital commitments. The fund will primarily invest in early-stage technology startups in the financial services, health care, education, logistics and software-as-a-service sectors in India. Read More
A.P. Moller Capital, the fund management affiliate of global shipping and industrials group A.P. Moller-Maersk, has reached a second close for its Africa Infrastructure Fund with US$865 million in capital commitments. Investors committing at the second close include Danica Pension, Danske Invest, SEB Pensionsforsikring and SEB Pension och Försäkring. The… Read More
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