India-based RailYatri.in, operator of a mobile app for railway travelers in India, has raised a pre-Series A financing round led by philanthropic investment firm Omidyar Network and India-focused venture capital firm Helion Venture Partners. Existing investors Blume Ventures, an India-focused early-stage venture capital firm, and Ujama Ventures, an angel investment… Read More
Global alternative investment manager Apollo Global Management and development finance institution European Bank for Reconstruction and Development (EBRD) have signed an agreement to acquire 100 percent of Slovenia-based bank Nova KBM (NKBM) from the Republic of Slovenia. Apollo will purchase an 80 percent stake in the company, while EBRD will… Read More
Global private equity firm Warburg Pincus has led a US$100 million follow-on investment round for Vietnam-based shopping mall operator Vincom Retail. Other investors in the consortium were not disclosed. The follow-on investment brings the Warburg-led consortium’s total investment in the company to US$300 million, after its first investment of US$200… Read More
Global alternative asset manager The Carlyle Group has agreed to invest in two China-based companies: road transportation and delivery services provider Shanghai ANE Logistics and financial leasing company JIC Leasing. Carlyle will invest US$120 million for an undisclosed stake in ANE and US$115 million for an 18.5 percent stake in… Read More
BECO Capital, a venture capital firm focused on technology investments in the Gulf Cooperation Council countries, has led a AED3.7 million (approximately US$1 million) Series A investment round in Bayzat, a United Arab Emirates-based medical insurance technology startup. The round also included a series of undisclosed private investors. Bayzat will… Read More
India-based online financial services company CreditMantri Finserv has raised US$2.5 million in a Series A funding round from venture capital firms IDG Ventures India and Elevar Equity and Accion Venture Lab, an investment initiative that provides seed capital for financial inclusion start-ups. CreditMantri will use the new funds to develop… Read More
Private investment fund manager One Thousand & One Voices has proposed to invest in South Africa-based red meat producer Beefmaster for a minority stake in the company. The transaction will support Beefmaster’s domestic and international product growth. Financial details of the transaction, which has been approved by the Competition Commission… Read More
Three private equity-backed, China-based companies—AAG Energy Holdings, Red Star Macalline Group and Vital Mobile Holdings—have completed initial public offerings (IPOs) on the Hong Kong Stock Exchange. Coalbed methane producer AAG backed by private equity firms Warburg Pincus, Baring Private Equity Asia and Chengwei Ventures, and CDB-CITIC Capital Investment, a joint… Read More
Standard Chartered Private Equity (SCPE), the private equity arm of Standard Chartered Bank, has provided US$60 million in equity financing to Indonesia-based power plant developer Maxpower and served as joint lead arranger on a US$222 million debt refinancing for the company. Maxpower will use the funds to support its ongoing… Read More
MENA- and Southeast Asia-focused alternative investment management firm Al Masah Capital has acquired United Arab Emirates-based Al Faris Restaurant, the owner and operator of a Johnny Rockets franchisee in the United Arab Emirates and Oman. The transaction was structured through Diamond Lifestyle, a food and beverage-focused private equity platform managed… Read More
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