CDIB Capital, the international private equity arm of China Development Financial, has invested US$30 million in China-based recycled fiber, filament and fabric manufacturer Anhui Dong Jin Renewable Resource Technology (Dong Jin). The transaction was structured through CDIB Capital Asia Partners Fund. With CDIB Capital’s support, Dong Jin will expand its… Read More
Central Africa-focused private equity firm XSML has reached a first close for its African Rivers Fund with US$45 million in capital commitments. The fund will provide debt, equity and mezzanine financing to small- and medium-sized enterprises in Central Africa. Investors in the fund included development finance institutions International Finance Corporation,… Read More
International investment group Axon Partners Group has invested US$2 million in Mercadoni, a food delivery platform operating in Mexico and Colombia. The transaction was structured through Axon’s Amerigo Pacific Ventures fund vehicle. With Axon’s support, Mercadoni plans to consolidate its market position in Mexico and Colombia. … Read More
Middle East-focused private equity firm Amwal AlKhaleej has sold its stake in Egypt-based consumer finance company Sarwa Capital, the parent company of car loan company Contact Car Trading, to the Egyptian-American Enterprise Fund, an investment fund set up by the United States government. Amwal AlKhaleej originally acquired a majority stake… Read More
Southeast Asia-focused venture capital firm Venturra Capital has led a US$12 million Series A financing round for Malayasia-based mobile fitness-sharing platform KFit. Venture capital firms Sequoia Capital India, 500 Startups and Intres Capital’s Axiata Digital Innovation Fund also participated in the round, as did global trading firm Susquehanna International Group. Read More
MENA-focused venture capital firm Wamda Capital, United Arab Emirates-based media and entertainment free zone twofour54 and non-profit Endeavor’s co-investment vehicle Endeavor Catalyst have led a Series A funding round for Mumzworld, a United Arab Emirates-based bilingual e-commerce site that focuses on products for mothers, babies and children. Mumzworld plans to… Read More
Global private equity firm Advent International has agreed to acquire an eight percent stake in Singapore-based engineering solutions provider QuEST Global for a reported US$80 million. The transaction values the company at around US$1 billion. Advent International originally bid for the company in December 2015, but lost to a consortium… Read More
Venture capital firm Sequoia Capital has reached a final close for its latest India-focused fund, Sequoia Capital India V, with US$920 million in capital commitments. The fund, which will primarily target companies in India, also includes a minority allocation to Southeast Asia. Institutional investors committed US$875 million to the fund,… Read More
China-focused venture capital firm Qiming Venture Partners has reached a final close for Qiming Venture Fund V with US$658 million in capital commitments. Investors in the fund included United States-based university endowments Princeton University, Duke University and Massachusetts Institute of Technology; United States-based private foundations the Robert Wood Johnson Foundation,… Read More
Nexxus Capital has completed the acquisition of Mexico-based multi-brand restaurant platform Invesionistas en Restaurantes de Carnes y Cortes (IRCC). The acquisition was funded through a capital increase in diversified platform Taco Holding by Nexxus VI and Nexxus VI Trust, funds managed by Nexxus Capital. Taco Holding is a portfolio company… Read More
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