Southeast Asia-focused venture capital fund manager Insignia Ventures Partners has reportedly reached a final close for its first fund with US$120 million in capital commitments. Insignia Ventures Partners Fund I targets Southeast Asia-based technology startups. Read More
Korea-focused private equity fund manager VIG Partners has agreed to acquire an 83 percent stake in Korea-based food wholesaler WinPlus for KRW74 billion (approximately US$69 million) through its third fund. The deal includes a primary capital injection of KRW45 billion (approximately US$42 million). With VIG’s support, WinPlus plans to open… Read More
Investec Asset Management’s African private equity arm and development finance institutions International Finance Corporation and FMO have completed a follow-on equity investment in Germany-based Mobisol, a provider of off-grid solar home systems in Africa. The follow-on equity investment, along with new debt facilities secured during the last six months, will… Read More
Inspired Evolution Investment Management, an Africa-focused investment manager specializing in clean energy infrastructure and resource efficiency, has agreed to invest up to US$36 million in Alten RE Developments Africa (Alten Africa), the Sub-Saharan Africa-focused subsidiary of developer Alten Energías Renovables. Alten Africa is currently developing construction-ready and advanced projects with… Read More
Brazil-focused alternative investment fund manager Vinci Partners has agreed to sell its stake in Brazil-based fashion and lifestyle company Inbrands to businessman Nelson Alvarenga Filho. Inbrands’ portfolio includes Ellus, Richards, VR Collezioni, Mandi, Salinas and others. Financial details of the transaction were not disclosed. Read More
Central Europe-focused private equity fund managers Genesis Capital and Avallon have agreed to acquire Poland-based EQOS Energie Polska and Czech Republic-based EQOS Energie Česko from infrastructure services provider EQOS Energie Group. Genesis and Avallon invested through Genesis Private Equity Fund III and Avallon MBO Fund II, respectively. Upon transaction closing,… Read More
China- and Southeast Asia-focused private equity firm NDE Capital has reached a third close for NDE Capital II with US$357 million in capital commitments. The fund, which has surpassed its initial US$350 million hard cap, is reportedly targeting US$450 million in total capital commitments. Investors in the fund include development… Read More
Purcari Wineries, which owns wineries in Romania and Moldova, has raised RON186.2 million (approximately US$49 million) in an IPO on the Bucharest Stock Exchange at a price of RON19 (approximately US$5) per share. Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in Ukraine and… Read More
India-based SME financing platform Lendingkart has raised a US$87 million Series C round led by Singapore-based Fullerton Financial Holdings. Existing investors Sistema Asia Fund, Bertelsmann India Investments, Mayfield Fund, India Quotient and Saama Capital also participated in the round. Lendingkart will use the new funds to improve its technological and… Read More
China-based online retailer JD.com has agreed to sell a stake in its logistics arm, JD Logistics, for US$2.5 billion to a group of investors including private equity fund managers Hillhouse Capital and Sequoia Capital. China-based strategic investors China Merchants Group, Tencent Holdings and China Life Insurance also participated in the… Read More
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