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
African Infrastructure Investment Managers (AIIM) has acquired a minority stake in the Amandi power plant in Ghana from Rontom Trust, a vehicle affiliated with the project founders. The dual-fuel combined cycle power plant achieved financial close in December 2016 and is currently under construction. The project is also owned by… Read More
Poland- and Central Europe-focused private equity fund manager Value4Capital has reached a close for V4C Poland Plus Fund with more than EUR80 million (approximately US$99 million) in capital commitments. Investors in the fund include the European Investment Fund and the European Bank for Reconstruction and Development, as well as undisclosed… Read More
India-focused venture capital fund manager Equanimity Investments has reached a first close for its debut fund with INR700 million (approximately US$11 million) in capital commitments. Investors in the fund include individuals from India and the United States. The fund, which has a target of INR1 billion (approximately US$15.7 million), will… Read More
India-focused venture capital firm 3one4 Capital has reached a final close for 3one4 Capital Fund II with INR2.5 billion (approximately US$39.3 million) in capital commitments. Investors in the fund include institutions, corporations, family offices and fund managers from various countries. The firm will target opportunities in enterprise intelligence and automation,… Read More
Samena Capital, a principal investment group focused on the Indian subcontinent, the Middle East and North Africa, has reportedly agreed to invest LKR3.11 billion (approximately US$20 million) in Sri Lanka-listed diversified conglomerate Softlogic Holdings. The company will issue 182.7 million ordinary shares via private placement for LKR17.00 (approximately US$0.11) per… Read More
Growth markets investor Actis has acquired the 110-megawatt El Pelicano Solar Plant in Chile. The plant, which commenced operation in November 2017, is expected to deliver 300 gigawatt hours per year of electricity to Metro de Santiago, Santiago’s underground railway system. Metro de Santiago will buy the power generated by… Read More
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