China-focused venture capital firm Sinovation Ventures has closed two funds with total capital commitments of approximately US$674 million. The two funds include one U.S. dollar-denominated fund, which raised US$300 million, and an RMB-denominated fund which raised the equivalent of approximately US$374 million. The U.S. dollar fund was anchored by Taiwan-based… Read More
Growth markets investor Actis has reportedly agreed to exit its 42.5 percent stake in South Africa-based shoe retailer Tekkie Town in a sale to South Africa-based holding company Steinhoff International. Actis originally acquired the stake in November 2014 for US$65 million. The investment is subject to approval by South Africa’s… Read More
Indonesia-based health care services mobile application HaloDoc has closed a US$13 million Series A funding round led by Singapore-based private investment firm Clermont Group, with participation from venture capital firm NSI Ventures, ride-hailing platform Go-Jek and e-commerce company Blibli. The company offers mobile consultation with doctors and a service that… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has acquired a minority stake in Turkey-based quartz surfaces producer Peker Yüzey Tasarımları (BELENCO). Darby plans to work with BELENCO to support its growth in the domestic and global quartz surfaces markets. Financial details of the transaction were not… Read More
Private equity and mezzanine fund manager Latin American Partners (LAP) has reached a final close for its Central American Mezzanine Infrastructure Fund II with US$188.2 million in capital commitments. Investors in the fund include development finance institutions Inter-American Development Bank, acting through the Inter-American Investment Corporation, International Finance Corporation, Finnish… Read More
China-based logistics and supply chain management company Best Logistics Technologies has completed a US$760 million funding round led by China-focused private equity firm CITIC Private Equity and Everbright Financial Holding Asset Management. Other new investors in the round included: Cainiao Network Technology, China Development Bank International, Bank of China International-controlled… Read More
Development finance institution International Finance Corporation (IFC), IFC Asset Management Company (IFC AMC) and EMA Power, a joint venture between Daelim Energy and Islamic Development Bank Infrastructure Fund II, have invested US$175.5 million to finance Bangladesh-based power producer Summit Group’s future power projects in the country. IFC AMC will invest… Read More
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has agreed to sell its majority stake in Czech Republic-based technical facility management and air conditioning company AZ KLIMA to Czech Republic-based energy services company ČEZ ESCO. Genesis originally acquired a 68.5 percent stake in the company through GPEF II in… Read More
Impact fund manager Equator Capital Partners has fully exited its stake in India-based, Bombay Stock Exchange-listed microlender Satin Creditcare, returning INR2.09 billion (approximately US$31 million) through a series of open-market transactions. Equator originally invested in the company in 2010 and 2013 through ShoreCap II. The exit reportedly generated a 6x… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has increased its holding in Ukraine-based telecommunications operator Datagroup from a minority stake to 70 percent. Following completion of the transaction, Horizon Capital has assumed operational control of the company. Read More
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