Global growth private equity firm TA Associates has invested in a US$140 million round for a reported 30 percent to 35 percent stake in India-based women’s apparel platform TCNS Clothing Company, allowing existing shareholder Matrix Partners to sell a 20 percent stake in the company. With TA Associates’ support, TCNS… Read More
Latin America-focused private equity firm Southern Cross Group has agreed to acquire a controlling stake in Mexico-based IT consulting company Intellego. Established in 1999, Intellego operates in Mexico, Guatemala, Ecuador, Peru, Chile, Argentina and Brazil. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Read More
Development finance institution International Finance Corporation (IFC) has led a US$15 million Series B round for South Africa-based financial technology company Zoona. Other participants in the round included financial services-focused venture capital firm Quona Capital, philanthropic investors Omidyar Network and the Lundin Foundation, South Africa-focused venture capital firm 4Di Capital… Read More
China-based investment holding company Tencent and Taiwan-based electronics manufacturer Foxconn have led a Series D round of more than US$175 million for India-based instant messaging application Hike. Other investors in the round included global investment firm Tiger Global Management, India-based conglomerate Bharti Enterprises and Japan-based telecommunications company Softbank. Hike was… Read More
China-based Meet You, a female social network and mobile application, has raised CNY1 billion (approximately US$151 million) in new financing from existing investors, including cross-border private equity firm Cathay Capital Private Equity and venture capital firms Matrix Partners and China Renaissance K2 Ventures. Meet You, which is operated by Xiamen… Read More
Energy focused private equity fund manager Kerogen Capital has reached a final close for its Kerogen Energy Fund II. The fund, together with its parallel funds and related co-investment funds, closed with capital commitments of US$830 million. Investors in the fund include endowments, foundations, pension funds, insurance companies, funds of… Read More
Belarus-focused fund manager Zubr Capital has completed a close for Zubr Capital Fund I with US$50 million in capital commitments. Development finance institution European Bank for Reconstruction and Development (EBRD) is the anchor investor of the fund and has committed US$12.5 million, an amount which may increase in the coming… Read More
West Africa-focused investment firm African Capital Alliance, Africa-focused private equity firm 8 Miles and development finance institution DEG have invested US$80 million for a minority stake in Nigeria-based biscuit manufacturer Beloxxi. DEG invested US$10 million in the round. The company will use the new capital to expand its capacity and… Read More
South Africa-focused private equity fund manager Kleoss Capital has acquired a minority stake in South Africa-based multi-brand food group Real Foods. Kleoss Capital invested through Kleoss Capital Fund I. Real Foods will use the new capital to execute its acquisition strategy in the natural foods industry. Financial details of the… Read More
India-focused private equity fund manager ICICI Venture has completed a partial exit of National Stock Exchange-listed recruitment and human resources company TeamLease, selling a block of 910,000 shares for INR1 billion (approximately US$15 million). ICICI Venture originally invested in TeamLease through India Advantage Fund Series 3. After the share sale,… Read More
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