Global investment firm KKR has sold a ten percent stake in Vietnam-based consumer goods company Masan Consumer to undisclosed buyers. KKR, which first invested in Masan Consumer in 2011, continues to hold a ten percent stake in the company post-transaction. Financial details of the transaction were not disclosed. Read More
Venture capital firms IDG Capital Partners, DCM and Northern Light Venture Capital have participated in a US$100 million Series D funding round for China-based Facishare Technology, operator of the mobile business management application Fxiaoke.com. The company intends to use the new capital to accelerate technology upgrades. Read More
Global growth private equity firm TA Associates and India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, have agreed to invest US$500 million in India-based broadband provider Atria Convergence Technologies (ACT). IVFA’s investment will be structured through Indium V, and will represent a partial exit for… Read More
Kibo Capital Partners, a fund manager focused on Eastern and Southern Africa and the islands of the Indian Ocean, has sold its 40 percent stake in Uganda-based healthcare company International Medical Group (IMG). Kibo sold its stake to Ciel Group, a Mauritius-based conglomerate, and Fortis, an India-based healthcare company. Kibo… Read More
Venture capital firm IDG Ventures India and India-focused angel network Chennai Angels have invested US$1 million in Cloudcherry Analytics, an India-based software-as-a-service company. Cloudcherry Analytics will use the fresh capital to scale its enterprise business and invest in the analytics, features and support it provides its clients. Read More
Warburg Pincus, a global private equity firm, and Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, are participating in a US$250 million funding round for China-based mobile taxi booking service provider UCAR Group. China-based CAR, an auto rental company and existing shareholder of UCAR, will invest… Read More
PSafe Tecnologia, a Brazil-based cloud computing security software company, has received US$30 million in a financing round from venture capital firms Redpoint, Pinnacle Ventures and Redpoint e.ventures, as well as China-based internet security company Qihoo 360. PSafe will use the funds to accelerate its growth and expand within Latin America. Read More
Vietnam-focused private equity firm PENM Partners has reached a first close on its fourth private equity fund in Vietnam, Private Equity New Markets IV, with US$120 million in capital commitments. The fund, which has a target of US$180 million, intends to invest in medium and large businesses in a wide… Read More
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
(default archive template)