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Insignia Reaches USD200 Million Final Close for Second Fund
Southeast Asia-focused venture capital firm Insignia Ventures Partners has reached a final close for Insignia Ventures Fund II with USD200 million in capital commitments. Investors in the fund include sovereign wealth funds, university endowments, foundations, and family offices from Asia, Europe, and North America. The fund will make early-stage investments in technology-focused startups based in Southeast Asia. Read More
Warburg and Premji Invest to Acquire Stake in SBI General for USD432 Million
Global private equity firm Warburg Pincus and Premji Invest, the investment firm of Wipro chairman Azim Premji, have agreed to acquire a 26 percent stake in India-based SBI General Insurance Company from Australia-listed Insurance Australia Group (IAG) for AUD640 million (approximately USD432 million). Premji Invest will acquire a 16.01 percent stake in SBI General while Warburg will acquire 9.99 percent.… Read More
ARX Equity Partners Leads Acquisition of TES Vsetín from Advent International
ARX Partners, a private equity firm focused on control transactions in mid-sized companies in Central Europe, has led the acquisition of Czech Republic-based electrical engineering company TES Vsetín from global private equity fund manager Advent International. The company’s management will also acquire a stake in TES through the deal. TES designs and manufactures proprietary electrical products such as generators, motors,… Read More
GIP to Exit Highway Concessions One to CDPQ for USD336 Million
Canada-based pension fund Caisse de dépôt et placement du Québec (CDPQ) has agreed to acquire India-based road portfolio Highway Concessions One (HC1) from global infrastructure fund manager Global Infrastructure Partners (GIP) for INR24 billion (approximately USD336 million). HC1 comprises seven road assets, including five toll roads and two annuity projects. GIP secured a stake in the portfolio of assets when… Read More
Wamda Capital Leads Series A Funding Round for Ziwo
MENA-focused venture capital fund manager Wamda Capital has led a Series A investment in UAE-based customer service software developer Ziwo. DTEC Ventures, the venture capital arm of co-working space and startup accelerator Dubai Technology Entrepreneur Campus, also participated in the funding round. Ziwo allows companies to set up customer contact centers and collect client data on its cloud-based platform. The… Read More
Private Capital-Backed Helios Towers Raises USD362 Million in IPO
UK-based, Africa-focused telecommunications infrastructure company Helios Towers has raised GBP288 million (approximately USD362 million) through its initial public offering (IPO) on the London Stock Exchange. The company sold shares at a price of GBP1.15 (USD1.45) per share in the listing. Helios operates 6,800 mobile network cellular towers in Ghana, Congo, the Democratic Republic of the Congo, Tanzania, and South Africa.… Read More
Helios to Exit Eland Oil & Gas to Seplat Petroleum in USD481 Million Acquisition
Africa-focused private investment firm Helios Investment Partners has agreed to sell its stake in Eland Oil & Gas, a UK-listed company focused on oil and gas production, development, and exploration in West Africa, to Nigeria-based upstream oil and gas company Seplat Petroleum Development. Seplat will acquire the entire ordinary share capital of Eland for EUR382 million (approximately USD481 million), including… Read More
Alfilo Raises USD16 Million in Series A+ Round from Sequoia and Zephyr
Global venture capital fund manager Sequoia Capital has led a USD16 million Series A+ funding round for China-based art licensing and retail company Alfilo Brands. Netherlands-based investment company Zephyr Capital also participated in the investment. Alfilo provides cultural institutions in China and North America with direct-to-retail licensing services and holds exclusive intellectual property (IP) rights in China to several Europe-… Read More
Tanglin Venture Partners Reaches USD51 Million Final Close for Debut Fund
Southeast Asia- and India-focused venture capital fund manager Tanglin Venture Partners has reached a final close for its first fund with USD51 million in capital commitments. The fund, which has reportedly already completed six deals, will make investments of USD3 million to USD4 million in early-stage technology-focused companies in a variety of business verticals. Tanglin was founded by former Tiger… Read More
Alta Growth, Stella Maris, and Credit Suisse Invest in Lottus Education
Latin America-focused private equity firms Alta Growth Capital and Stella Maris Partners, as well as the private credit arm of multinational financial services group Credit Suisse, have invested in Lottus Education, a Mexico-based higher education company. The company offers high-school, undergraduate, and graduate on-campus and online education programs through the Universidad Tres Culturas and Universidad Latinoamericana brands, the latter of… Read More
KKR and GIC to Invest USD683 Million in MPIC Hospital Unit
Global investment firm KKR and an affiliate of Singaporean sovereign wealth fund GIC have agreed to invest PHP35.3 billion (approximately USD683 million) in Metro Pacific Hospital Holdings (MPHH), a Philippines-based private hospital operator controlled by Philippines-listed Metro Pacific Investments Corporation (MPIC). The KKR-led consortium will subscribe to PHP5.2 billion (USD101 million) in new common shares in MPHH. In addition, KKR… Read More
Inventus Reaches USD51 Million Final Close for First India-Focused Fund
US- and India-focused venture capital fund manager Inventus Capital Partners has reached a final close for its first fund dedicated solely to India with INR3.6 billion (approximately USD51 million) in capital commitments. Investors in the fund include the Small Industries Development Bank of India, as well as institutional investors, technology entrepreneurs, and family offices. The fund, which reached an INR2… Read More