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BlackRock Acquires Aguascalientes Solar Project from Canadian Solar
Global asset manager BlackRock has acquired the Aguasalientes solar project, a 68-megawatt facility in Mexico, from Canada-based solar panel manufacturer and project developer Canadian Solar. Electricity generated by the plant will be sold under two separate power purchase agreements with Mexico’s state-owned utility. Financial details of the transaction, which was completed through BlackRock Infrastructure Fund II, were not disclosed. Read More
Actis Raises USD150 Million in CERPI Listing
Growth markets investor Actis has raised USD150 million through the Series A issue of a Certificado de Proyectos de Inversión (CERPI) offering on the Mexican Stock Exchange (BMV). Actis will be able to raise an additional USD200 million via further series. The CERPI, which was listed under the ticker symbol ACTPI 19, will serve as a feeder fund for Actis… Read More
GIC Leads USD420 Million Investment in Traveloka
Indonesia-based online travel platform Traveloka has reportedly raised USD420 million in a funding round led by Singaporean sovereign wealth fund GIC. Existing investors in the company, including Hillhouse Capital Management, Sequoia Capital, East Ventures, Global Founders Capital, JD.com, and Expedia, also participated in the round. Traveloka will use the funds to boost its tour offerings and expand into food and… Read More
Source Code Capital Raises USD570 Million for Venture and Growth Strategies
China-focused venture capital fund manager Source Code Capital has reportedly raised a combined USD570 million for Source Code Venture Fund IV and Source Code Growth Fund I. Investors in the funds include sovereign wealth funds, endowments, foundations, pension funds, funds of funds, family offices, and executives from global companies. Source Code primarily targets technology-enabled Chinese startups in sectors such as… Read More
Phatisa to Exit Meridian Group
Africa-focused private equity fund manager Phatisa has agreed to sell its controlling stake in Africa-based fertilizer distributor Meridian Group to Saudi Arabia-listed mining and metals group Ma’aden. Phatisa originally invested in Meridian, which has a presence in Malawi, Mozambique, Zimbabwe, and Zambia, in 2014 through its African Agriculture Fund. Financial details of the transaction, which is subject to conditions precedent… Read More
Warburg Pincus Leads USD140 Million Series D Round for Gaosi Education
Global private equity fund manager Warburg Pincus has led a Series D funding round of USD140 million for China-based K-12 education company Gaosi Education. The company provides one-on-one and live-streamed tutoring services in various subject areas, as well as tools and services for educators, and plans to use the funds to improve its technology and content. Gaosi is backed by… Read More
Luckin Coffee Raises USD150 Million Led by BlackRock
China-based coffee chain Luckin Coffee has raised USD150 million in a funding round led by global asset manager BlackRock, which contributed USD125 million of the total. Luckin, which is also backed by Singaporean sovereign wealth fund GIC and China-focused investors Centurium Capital, CICC, Legend Capital, and Joy Capital, plans to open 200 to 300 new stores per month in China.… Read More
responsAbility Invests USD10 Million in Green Masala Bonds Issued by EFL
India-based non-banking financial company Electronica Finance (EFL) has issued USD10 million in INR-denominated, senior-secured green bonds to impact investment fund manager responsAbility Investments. EFL will use the funds to provide equipment financing for small and medium-sized enterprises (SMEs) in the machine tools, plastics, printing, and packaging industries in India. The company also plans to partner with responsAbility to expand its… Read More
TA Associates Acquires Minority Stake in Indira IVF
Global growth equity fund manager TA Associates has acquired a significant minority stake in India-based fertility treatment provider Indira IVF. The company operates 59 treatment centers across 16 states in India and will partner with TA to grow its business in India and abroad, as well as to expand its clinical service offerings. Financial details of the transaction were not… Read More
I Squared Capital to Exit Amplus Energy Solutions to
Malaysian national oil and gas company Petroliam Nasional (Petronas) has agreed to acquire 100 percent of Singapore- and India-based distributed solar power developer Amplus Energy Solutions (also known as M+) for a reported INR27 billion (approximately USD389 million). The transaction will provide an exit for global infrastructure fund manager I Squared Capital, which originally invested in Amplus in 2015 through… Read More
Kinea to Invest USD52 Million in Wiser Educação
Kinea Investimentos, the alternative asset management subsidiary of Brazil-based financial services group Itaú, has agreed to acquire a 20 percent stake in Brazil-based foreign language education group Wiser Educação for BRL200 million (approximately USD52 million). Wiser’s existing shareholders Flávio Augusto da Silva and Carlos Wizard Martins will each reportedly receive BRL65 million (USD17 million) in proceeds from the transaction. Kinea… Read More
DCP Capital Raises USD2.5 Billion for Debut Fund
China-focused private equity fund manager DCP Capital has reached a final close for its debut fund with USD2.5 billion in capital commitments, including USD500 million raised through a local RMB-denominated vehicle. Investors in the fund include sovereign wealth funds GIC, Temasek Holdings, and Abu Dhabi Investment Authority and pension funds New York State Teachers Retirement System and Caisse de dépôt… Read More