Singapore-based womenswear label Love, Bonito has raised a US$13 million Series B round led by Japan-based comparison shopping website Kakaku.com with participation from existing investor NSI Ventures, the early-stage venture arm of Southeast Asia-focused alternative investment fund manager Northstar Group. Love, Bonito plans to use the funds to bolster its… Read More
India-based online grocer BigBasket has raised US$300 million in a Series E round led by China-based e-commerce company Alibaba Group Holding, which contributed US$225 million to the deal. Global growth markets investor The Abraaj Group, International Finance Corporation (IFC) and growth investment firm Sands Capital Management also participated in the… Read More
Impact investment fund manager responsAbility Investments has fully exited its minority stake in Peru-based microfinance institution Financiera Confianza to majority shareholder Fundación Microfinanzas BBVA. Confianza provides microcredit and deposit services across 147 branches with a focus on the rural areas of Peru. responsAbility originally invested in Confianza in 2008. Financial… Read More
China-focused alternative investment management and advisory company CITIC Capital Holdings has led a US$21 million Series D round for Hungary-based Organica Water, with participation from existing investor Idinvest Partners. CITIC Capital and Idinvest Partners invested through CITIC Capital Silk Road Fund and Electranova Capital I Fund, respectively. Organica is a… Read More
Ethiopia-focused fund manager Cepheus Growth Capital Partners has reached a first close for Cepheus Growth Capital Fund with US$51 million in capital commitments. Investors in the fund include development finance institutions CDC, Norfund and the European Investment Bank, family offices and high-net worth individuals. The fund will invest across Ethiopia’s… Read More
Africa-focused private equity fund manager Mediterrania Capital Partners has invested in Egypt-based Cairo Scan Radiology and Labs through Mediterrania Capital III. Cairo Scan provides medical imaging services and diagnostics across 16 centers in Cairo and Giza. The new funds will support the expansion of Cairo Scan’s branch network. Financial details… Read More
Malaysia-focused fund manager COPE Private Equity, formerly known as CMS Opus Private Equity, has fully exited its stake in Bursa Malaysia-listed engineering services company Serba Dinamik Holdings. COPE originally invested MYR35 million (approximately US$11 million) in the company in 2013 through COPE-KPF Opportunities 1 and COPE Opportunities 2. Serba Dinamik,… Read More
Asia-focused private equity fund manager Affinity Equity Partners, along with BRV Capital Management, an affiliate of U.S.-based venture capital firm BlueRun Ventures, has agreed to invest more than KRW1 trillion (approximately US$938 million) in the e-commerce operations of Korea-based retail conglomerate Shinsegae Group. The deal will spin out the online… Read More
Vietnam-focused private equity fund manager Mekong Capital has fully exited its investment in Vietnam-based mobile device and home appliance retailer MobileWorld. The firm sold five million shares for VND165,000 (approximately US$7.26) per share for proceeds of VND825 billion (approximately US$36.3 million). Mekong originally invested US$3.5 million for a 35 percent… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital, has led a Series A round for Bazhuayu, a China-based developer of automated web data scraping software. The company plans to use the funds to develop big data, artificial intelligence and scenario-based application technologies. Financial details of the transaction were… Read More
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