Russia and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a minority stake in Russia-based online English language education company Skyeng. The company provides English courses for schoolchildren and training for corporate clients primarily through its Vimbox platform. Financial details of the transaction were not disclosed. Read More
India-focused venture capital firm Pi Ventures has reached a second close for Pi Ventures Fund I with US$25 million in capital commitments. Investors in the fund include development finance institution IFC, which committed US$3 million, the Small Industries Development Bank of India, Canada-based investment firm In Colour Capital, India-based electronics… Read More
Sub-Saharan Africa-focused private equity firm Amethis Finance has agreed to invest in Côte d’Ivoire-based agro-industrial firm Afriwara Group through Amethis Finance Fund. Afriwara, which is the main shareholder of Société Nouvelle de Confiserie de Vridi (Waraba brand), will use the new capital to support its regional expansion via new acquisitions. Read More
Impact investment fund manager responsAbility Investments and venture capital firms Accel Partners and Elevar Equity have invested INR1.5 billion (approximately US$23.6 million) in India-based non-banking financial company Samunnati. ResponsAbility led the round and invested through responsAbility Agriculture I. Samunnati, which provides financial services for small and medium-sized businesses across the… Read More
West Africa-focused impact investment fund manager Injaro Investments, together with development finance institution BIO, has invested in Niger-based poultry farm operator and egg producer AviNiger. Injaro invested through Injaro Agricultural Capital Holdings. The company will use the capital to build a new egg production facility with an annual capacity of… Read More
Africa-focused private equity firm Mediterrania Capital Partners has led an EUR55 million (approximately US$67 million) investment in Morocco-based construction company Travaux Généraux de Construction de Casablanca (TGCC). Mediterrania invested through Mediterrania Capital III. Development finance institutions DEG and Proparco and Africa-focused fund of funds manager South Suez also participated. TGCC… Read More
India-listed financial institution Housing Development Finance Corporation (HDFC) has agreed to issue 64 million shares at a price of INR1,726.05 (approximately US$27.18) per share for a total of INR111 billion (approximately US$1.75 billion) to a group of investors. Global asset manager KKR will acquire 9.3 million shares, sovereign wealth fund… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital, has invested CNY1.5 billion (approximately US$231 million) to increase its stake in China-based Harbin Pharmaceutical Group from 45 percent to 60.86 percent. CITIC originally invested in Harbin, which produces antibiotics, modern Chinese medicines and animal vaccines, in 2005 and 2017. Read More
Peru-focused private equity fund manager Enfoca has completed the restructuring of its Enfoca Descubridor 1, Enfoca Discovery 1 and Enfoca Descubridor 2 funds into a new investment fund with more than US$950 million in capital commitments. The transaction was led by Canada Pension Plan Investment Board (CPPIB), which committed US$380… Read More
India-focused venture capital firm SAIF Partners has led an INR3.22 billion (approximately US$50.6 million) Series D round for India-based logistics services provider Rivigo Services. Global private equity firm Warburg Pincus also participated in the round. SAIF and Warburg originally invested in Rivigo in 2015 and 2016, respectively. Read More
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