Global private investment firm TPG, along with media-focused investment company Evolution Media and Africa-focused investment firm Satya Capital, has agreed to acquire a majority stake in France-based, Sub-Saharan Africa-focused online music and entertainment platform TRACE. The company, which owns and operates 30 digital and mobile services, 21 pay television channels… Read More
Western Europe- and U.S.-focused venture capital firm Partech Ventures has reached a first close for Partech Africa Fund with more than EUR57 million (approximately US$70 million) in capital commitments. Investors in the fund include development finance institutions IFC, which committed EUR15 million (approximately US$18 million), and European Investment Bank (EIB);… Read More
China-based software developer Rokid has raised a US$100 million funding round led by Singaporean sovereign wealth fund Temasek with participation from CDIB Capital, the private equity arm of China Development Financial, global venture capital firm IDG Capital and global financial services company Credit Suisse. Rokid develops advanced voice recognition software,… Read More
Global asset management firm The Carlyle Group has reportedly sold 46 million shares of Hong Kong-listed medical device manufacturer Microport Scientific for HKD8.40 (approximately US$1.07) per share, generating proceeds of HKD386 million (approximately US$49.4 million). Carlyle originally invested in the company in 2016 through Carlyle Asia Partners IV. Read More
Africa-focused private equity firm Helios Investment Partners has led a US$55 million Series D funding round for Tanzania-based rooftop solar power provider Off Grid Electric. GE Ventures, the venture capital subsidiary of General Electric, also participated in the round. The company plans to use the funds to develop new products… Read More
Mexico-focused impact investment fund manager Adobe Capital has reportedly raised US$40 million in capital commitments for Adobe Mezzanine Fund II. The fund, which will invest via mezzanine structures with royalty-based repayment terms, targets companies in Latin America that seek to solve social and environmental problems with scalable business models. Read More
Development finance institution IFC and Asia-focused credit and special situations fund manager Clearwater Capital Partners have agreed to invest US$150 million in distressed assets in Asia through special purpose vehicle DARP SPV Clearwater 2 (SPV). Clearwater will commit US$75 million in junior debt to the vehicle through Clearwater Fund V,… Read More
India-focused private equity firm Stakeboat Capital has reached a first close for its debut fund with INR2.1 billion (approximately US$33 million) in capital commitments. Investors in the fund include high-net worth individuals and India-based institutions. The fund, which has a target of US$100 million, will focus on mid-market companies in… Read More
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
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