The purpose of this article is to initiate communication between multilateral and bilateral development finance institutions (‘’DFIs”) and private equity fund managers (“FMs”) that seek to attract DFI funding for investments in countries within the mandate of DFIs. This is with the intention of equipping FMs with an upfront understanding… Read More
Baring Private Equity Asia sold a 9.8% stake in Coforge, an India-listed software company, through a block deal on the NSE for INR24.3b (~USD294.6m). Read More
CVC Capital Partners completes buyout of Yikang Medicine, a China-based pharmaceutical retail chain. CVC first invested an undisclosed amount in Yikang Medicine in 2021. Read More
B Capital and Quona Capital led a USD13.8m Series A for Turno, an India-based EV distribution and financing platform, with participation from venture debt providers InnoVen Capital and Alteria Capital, and follow-on from Stellaris Venture Partners and Avaana Capital. Read more… Read More
Rukam Capital reached a USD19m final close for its debut fund, focused on early-stage Indian consumer companies in beverage, confectionary, personal care and packaged food businesses. … Read More
Singapore-based EV motorbike maker ION Mobility raised a USD18.7m Series A from TVS Motor, AC Ventures, Michael Sampoerna and Ng Ho Sen, with follow-on from Monk’s Hill Ventures, TNB Aura, Quest Ventures, Village Global, GDP Venture and SEEDS Capital. Read more… Read More
In July 2018, Gaja Capital invested USD27.1m in Educational Initiatives (Ei), an India-based provider of technology-enabled diagnostic assessment and personalized learning solutions for students in kindergarten to 12th grade (K-12). Ei’s product portfolio includes assessment tools, such as Ei ASSET and Ei Diagnostics, and its intelligent… Read More
responsAbility Investments reached first closes for its latest funds focused on food production and distribution companies. Growth equity vehicle Sustainable Food Asia II and mezzanine fund Sustainable Food Latam reached USD173m and USD101m first closes, respectively. Read more… Read More
Intudo Ventures led a USD12m Series B for iSeller, an Indonesia-based point-of-sale platform, with participation from KVision, Mandiri Capital and Openspace Ventures. The deal has facilitated iSeller’s acquisition of payment platform Yukk. Read more… Read More
LePure, a China-based bioprocess equipment developer, raised a ~CNY100m (~USD15m) Series C led by General Atlantic, Novo Holdings and Goldman Sachs Asset Management, with follow-on from Highlight Capital, Bayland Capital, HM Capital, CSTC and Huaying Health Fund. Read more… Read More
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