China-based snack and beverage group Dali Foods Group has raised HKD8.9 billion (approximately US$1.1 billion) in an initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 1.69 billion shares at HKD5.25 (approximately US$0.68) apiece. Dali Foods Group is backed by private equity and venture capital firm… Read More
Global investment firm Tiger Global Management has participated in a US$30 million Series C round for Argentina-based e-commerce company Avenida. The round was led by multinational internet and media group, Naspers. Avenida, which was launched in 2013 and reportedly processes 20,000 orders a month, will use the new capital to… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired a minority stake in Côte d’Ivoire-based healthcare clinic and laboratory provider HMAO Group. Through this transaction, Amethis supported the management’s take-over of HMAO Group, which was previously owned by Morocco-based business conglomerate Saham. Read More
Thailand-focused private equity firm Lakeshore Capital Asia has closed Lakeshore Capital Fund I with US$60 million in capital commitments. Investors included development finance institution International Finance Corporation, which committed up to US$20 million. The fund has already invested in two companies and plans to make five to eight investments in… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, will sell its entire stake in Ukraine-based IT service provider Ciklum to the Ukrainian Redevelopment Fund, a fund managed by private investment advisor Soros Fund Management. Horizon Capital originally invested… Read More
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar and Pearson Affordable Learning Fund, the impact investing fund of global education company Pearson, have invested US$2.3 million in a Series A financing round for India-based English language learning company Karadi Path. Aavishkaar’s investment was structured through Aavishkaar India II. Karadi… Read More
Pan-emerging markets private equity firm Actis, Sub-Saharan Africa real estate investment management and development group RMB Westport and Nigeria-focused investor group Paragon Holdings have sold Nigeria-based retail mall Ikeja City Mall to South Africa-focused real estate investment trust Hyprop Investments and Johannesburg Stock Exchange-listed real estate capital growth fund Attacq. Read More
Global investment firm KKR has completed an investment in China-based aquatic feed company Yuehai Feed Group. The transaction was structured through KKR’s China Growth Fund. KKR reportedly paid around US$100 million for a significant minority stake. Yuehai, which provides feed and nutrition solutions for shrimp and seawater fish farming, intends… Read More
MENA- and Southeast Asia-focused alternative investment management firm Al Masah Capital has acquired a majority stake in United Arab Emirates-based Sabari Indian School, a primary school with a total capacity of 900 students from kindergarten to grade 12. The transaction was structured through Al Masah Capital’s education-focused private equity platform… Read More
Peru-focused private equity firm Nexus Group has sold a 9.94 percent stake in Cineplex, a Peru-based company that owns and operates cinema chain Cineplanet. Nexus Group, which is a shareholder in Cineplex via its subsidiary Nexus Films, continues to hold a 90.5 percent stake in the company. Financial details of… Read More
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