India-focused private equity firm Gaja Capital Partners has partially exited India-based educational services and skills training company CL Educate via the company’s IPO on the Bombay Stock Exchange and National Stock Exchange, which raised INR2.4 billion (approximately US$37 million) at an offer price of INR502 (approximately US$7.73) per share. Gaja… Read More
China-focused venture capital firm Morningside Venture Capital has reached a final close for its first RMB fund with CNY1 billion (approximately US$145 million) in capital commitments. Investors in the fund include Gopher Asset Management, CICC Qiyuan National New Industry Venture Capital Guidance Fund, Suzhou Guochuang Kaiyuan Fund, Huatai Merchants Capital… Read More
Global growth markets investor Actis has acquired a 44.4 percent stake in Malaysia-listed payments company GHL Systems for a reported MYR290 million (approximately US$66 million) from South- and Southeast Asia-focused private equity firm Creador and Simon Loh, executive vice-chairman of GHL. Actis also extended a mandatory takeover offer for the… Read More
True North, an India-focused private equity firm formerly known as India Value Fund Advisors, has agreed to invest US$200 million for a 40 percent stake in India-based hospital chain Kerala Institute of Medical Services (KIMS). The deal will provide an exit to India-focused private equity firm Ascent Capital and health… Read More
Brazil-focused venture capital firm DOMO Invest has reportedly raised BRL100 million (approximately US$32 million) for its debut fund. Investors in the fund include Brazil-based family offices. The fund will target seed-stage companies in the technology sector in Brazil. Read More
Global e-commerce and technology company Amazon has agreed to acquire United Arab Emirates-based online retailer SOUQ.com from various investors including Tiger Global Management, Naspers, International Finance Corporation (IFC), Standard Chartered Private Equity (SCPE) and Baillie Gifford. SOUQ.com is an online retail and marketplace platform focused on the Arab world, with… Read More
Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, has led a US$1.25 million seed round for Nigeria-based fintech company Lidya. Impact investor Newid Capital and several angel investors also participated in the round. Lidya operates a digital platform that facilitates access to finance for small- and… Read More
Austria- and Slovenia-based health care technology company Parsek has raised a EUR2.3 million (approximately US$2.5 million) funding round led by European technology-focused private equity and venture capital firm 3TS Capital Partners. Parsek’s main product, Vitaly, is a collaboration and integration platform that connects physicians, patients, insurers and care facilities. Parsek… Read More
A consortium of funds advised by global investment firm KKR and Canada Pension Plan Investment Board (CPPIB) has acquired a 10.3 percent stake in Bharti Infratel, the infrastructure-focused subsidiary of India-based telecom services provider Bharti Airtel, for INR61.9 billion (approximately US$950 million). Bharti Infratel develops and manages telecom towers and… Read More
East Africa-focused private equity firm Catalyst Principal Partners has reached a first close for Catalyst Fund II with US$103 million in capital commitments. Investors in the fund include development finance institutions the European Investment Bank, CDC Group, International Finance Corporation (IFC) and Proparco, as well as family offices and funds… Read More
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