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CVC Capital Agrees to Exit Link Net in Acquisition by MNC Vision Network
Indonesia-listed satellite television company MNC Vision Network has agreed to acquire a majority stake in Indonesia-listed fixed broadband and cable television provider Link Net from its parent company First Media and private capital fund manager CVC Capital Partners. CVC first acquired a stake in Link Net through the purchase of bonds and shares issued by First Media in 2011. The… Read More
Circulate Capital Raises USD106 Million at First Close of Ocean Fund
Circulate Capital, a South Asia- and Southeast Asia-focused investor in ocean plastic prevention, has reached a USD106 million first close for Circulate Capital Ocean Fund. Investors in the fund include multinational corporations PepsiCo, Procter & Gamble, Dow Chemical Company, Danone, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical Company. The fund will provide debt and equity financing to start-ups and… Read More
Sequoia Raises USD2.35 Billion for Latest China Funds
Global venture capital firm Sequoia Capital has reached a final close for its latest China-focused funds with USD2.35 billion in aggregate commitments. Sequoia Capital China Growth Fund V raised USD1.8 billion from 130 investors while Sequoia Capital China Venture Fund VII secured USD549.5 million from 128 investors. This latest fundraise follows the announcement in August 2019 of the final close… Read More
Hamilton Lane Reaches USD59 Million Final Close for Second Brazil Fund
Global private markets asset manager Hamilton Lane has reached a final close for Hamilton Lane Brazil Fund II with BRL250 million (approximately USD59 million) in capital commitments. Investors in the fund include Brazil-based public and private pension funds and high-net-worth individuals. The fund will invest in primary, secondary, and co-investment growth equity and buyout opportunities across the health care, education,… Read More
Jet Exits MSV Metal Studénka to MORAVIA STEEL
Central and Eastern Europe-focused private equity firm Jet Investments has agreed to sell its 100 percent stake in Czech Republic-based steel forging specialist MSV Metal Studénka to MORAVIA STEEL, a Czech Republic-based industrial group. Jet originally invested in MSV Metal Studénka, which produces custom forgings and components for rail vehicles, through Jet 1 in 2013. Financial details of the transaction… Read More
Loyal Valley Reaches USD465 Million Final Close of Second USD-Denominated Fund
China-focused growth capital fund manager Loyal Valley Capital has reached a final close of its second USD-denominated fund with USD465 million in commitments. Investors in the fund include Singaporean sovereign wealth fund GIC. The fund will focus on growth opportunities in domestic consumer brands, health care, specialty industrials, and financial services. Read More
MSPEA and CNDI Lead USD3.7 Billion Investment in Tenglong
China-based data center operator Tenglong Group has secured RMB26 billion (approximately USD3.7 billion) in an investment round led by Morgan Stanley Private Equity Asia (MSPEA) and Chinese state-owned conglomerate China Nanshan Development Group. Additional investors include China-focused private equity investor Kaiyuan Capital, China-listed financier Haitong Unitrust International Leasing, and Huaneng Capital and Invesco’s joint venture Huaneng Invesco WLR Investment Consulting.… Read More
Square Peg and Mirae-Naver Asia Growth Fund Lead USD90 Million Series C for FinAccel
FinAccel, a Singapore-based fintech company operating in Indonesia under the Kredivo brand, has raised USD90 million in a Series C funding round led by Asia-focused venture capital fund manager Square Peg and Mirae Asset-Naver Asia Growth Fund, an investment vehicle established by global asset manager Mirae Asset Global Investments and Korea-based internet group Naver. Additional investors in the round include… Read More
Accel Reaches USD550 Million Final Close for Sixth India Fund
Global venture capital firm Accel Partners has reached a final close for its sixth India-focused fund with USD550 million in commitments. The fund will target seed and early-stage venture capital opportunities in sectors including food delivery, digital payments, e-commerce, agtech, education, insurance, logistics, health care, real estate, and manufacturing. Read More
LGT Lightstone Leads USD26 Million Series B Round for Copia
LGT Lightstone, the impact investing arm of global bank and alternative investment fund manager LGT, has led a USD26 million Series B investment in Copia Global, a Kenya-based e-commerce company serving low-income and rural customers. Other participants in the funding round include Perivoli Innovations, ELEA, Endeavor Catalyst, and Goodwell Investments, the latter of which invested USD2 million in Copia’s Series… Read More
Temasek Leads USD220 Million Investment in PharmEasy
India-based health care platform PharmEasy has raised USD220 million in an investment round led by Singaporean sovereign wealth fund Temasek Holdings. Additional investors in the round, which reportedly values the company at USD700 million, include Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ); asset management group LGT; South Korea-based KB Financial Group; individual investors Nandan Nilekani and… Read More
Lightspeed Leads USD141 Million Series E Round for Vinted
Global venture capital fund manager Lightspeed Venture Partners has led an EUR128 million (approximately USD141 million) Series E funding round for Vinted, a Lithuania-based second-hand fashion e-commerce company. Additional investors in the round, which reportedly values the company at more than USD1 billion, include previous backers Sprints Capital, Insight Venture Partners, Accel Partners, and Burda Principal Investments. The company enables… Read More