American Capital Energy & Infrastructure (ACEI) has exited all of its energy investments, which comprise holdings in four companies: Nigeria-based Azura Power Holdings, Senegal-based Taiba Ndiaye Wind Project, Jamaica-based BMR Energy and Indonesia-based Ankora Hydro. Global growth markets investor Actis acquired ACEI’s stake in Azura, and Actis’s portfolio company Lekela… Read More
Adenia Partners, a private equity fund manager focused on growth capital investments and mid-cap buyouts in Sub-Saharan Africa, has reached a first close for Adenia Capital IV with EUR180 million (approximately US$199 million) in capital commitments. The fund, which is targeting EUR200 million (approximately US$221 million) in total commitments, will… Read More
Betta Pharmaceuticals, a China-based drug developer backed by Lilly Asia Ventures (LAV), Shenzhen Cowin Venture Capital and China Everbright, raised CNY720 million (approximately US$106 million) in its IPO on the Growth Enterprise Market Board of the Shenzhen Stock Exchange, selling 41 million shares for CNY17.57 (approximately US$2.59) per share. LAV,… Read More
Global growth equity firm General Atlantic has acquired an additional 3.38 percent stake in PNB Housing Finance, a Bombay Stock Exchange-listed loan provider, for INR5.01 billion (approximately US$75 million) following the company’s trading debut. General Atlantic first acquired shares worth US$7 million in the company as an anchor investor in… Read More
The European Bank for Reconstruction and Development (EBRD), along with Europe-focused venture capital firms RTA Ventures and Point Nine Capital, has participated in a EUR2.9 million (approximately US$3.2 million) Series A round for GoOpti, a Slovenia-based ride-sharing platform for shuttle bus services. In conjunction with the investment, the company also… Read More
Asset management and investment banking firm Alkhabeer Capital has acquired a majority stake in Saudi Arabia-based K-12 education provider the Rihab Al-Maarifa Company. The company plans to use the investment to improve efficiency and implement new programs in order to strengthen its position in the Saudi Arabian education market. Financial… Read More
Global private markets asset manager HarbourVest Partners has reached a final close for secondaries fund Dover Street IX with US$4.77 billion in capital commitments. The fund will focus on acquiring fund interests across different stages, geographies and investment years. Investors in the fund include corporations, pension funds, endowments, foundations and… Read More
Venture capital firms IDG Ventures India and Accel Partners have made a US$3 million Series A investment in India-based Smartpaddle Technology, the owner of business-to-business packaging materials marketplace Bizongo. The company plans to use the funds to expand its seller base, build automation, improve its supply chain and strengthen its… Read More
Pan-European private equity firm IK Investment Partners has agreed to sell Poland-based railway components manufacturer Axtone Group to U.S.-based industrial engineering and manufacturing company ITT. IK originally invested in Axtone through its IK 2004 Fund. The transaction is subject to customary closing conditions and regulatory approvals and is expected to… Read More
China-focused venture capital firm Qiming Venture Partners has reached a final close for its fourth RMB fund with CNY1.5 billion (approximately US$222 million) in capital commitments. Investors in the fund include CDB Capital, Oriza Holdings, Gopher Asset Management, Pingan Wealth and high net worth individuals. Qiming Venture Partners targets opportunities… Read More
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