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Harvest Capital Reaches USD447 Million First Close for Consumer Services Fund
China-focused private equity fund manager Harvest Capital has reached a first close for Harvest (Tianjin) Consumer Service Industrial Investment Fund with CNY3 billion (approximately USD447 million) in capital commitments. The fund will target China-based consumer services companies, aiming to take advantage of growing personal consumption trends. Read More
Shiyu Capital Closes Second Fund with USD474 Million in Commitments
China health care-focused private equity fund manager Shiyu Capital has reached a final close for Danqing Fund II with CNY3.2 billion (approximately USD474 million) in capital commitments. Investors in the fund include government-guidance funds, insurance companies, domestic and foreign pharmaceutical companies, asset managers, and ultra-high-net-worth individuals. The fund will target opportunities in the health care sector in China. Read More
Patria Investments Partially Exits Brasil Senior Living
Brazil-focused alternative asset manager Patria Investments has sold a 20 percent stake in Brazil-based elderly care provider Brasil Senior Living (BSL) to France-based long- and short-term care company Orpea. As part of the transaction, Orpea has the option to wholly acquire the company within the next five years. BSL operates long-term care facilities and nursing homes and also provides rehabilitation… Read More
SigTuple Technologies Raises USD16 Million in Series C Funding Round
India-based medical technology company SigTuple Technologies has raised USD16 million in a Series C funding round led by US-based investor networking platform Trusted Insight. Existing investors Accel Partners, Chiratae Ventures, Pi Ventures, and Trifecta Capital, as well as Flipkart co-founder Binny Bansal, also participated in the round. SigTuple uses artificial intelligence and cloud-based solutions to offer medical diagnostics services to… Read More
Bilibili Raises USD755 Million in Follow-On Offering and Bond Sale; Existing Investors Dispose of Shares Worth USD117 Million
China-based, US-listed online entertainment platform Bilibili has raised USD755 million through a follow-on offering on Nasdaq and concurrent sale of convertible notes. The company sold 14 million American Depository Shares (ADS), each representing one Class Z ordinary share of the company, at a price of USD18.00 per ADS in the offering. In addition to the primary shares offered, the company’s… Read More
Carlyle Raises USD94 Million in Metropolis Healthcare IPO
Metropolis Healthcare, an India-based diagnostics laboratory chain, has completed its initial public offering (IPO) on the Bombay Stock Exchange and the National Stock Exchange of India, raising INR12 billion (approximately USD174 million). The company did not issue any primary shares in the offering, which consisted entirely of shares sold by Metropolis founder Sushil Shah and global alternative asset manager The… Read More
Helios Takes Full Control of Axxela by Acquiring 25 Percent Stake for USD41.5 Million
Africa-focused private investment firm Helios Investment Partners has invested USD41.5 million for a 25 percent stake in Axxela, the Nigeria-based natural gas distribution subsidiary of Nigeria- and South Africa-listed oil company Oando. The transaction follows Helios’ acquisition of a 75 percent stake in the company from Oando in 2016 for USD115.8 million. Axxela delivers natural gas to more than 160… Read More
Everstone Sells Rubicon to General Atlantic, Acquires IDFC-Backed Sahyadri Hospitals
India- and Southeast Asia-focused private investment group Everstone Capital has agreed to exit its controlling stake in India-based pharmaceutical developer Rubicon Research to global growth equity firm General Atlantic, reportedly generating a 4.5x return multiple and 92% IRR on the transaction. Separately, Everstone has agreed to acquire a majority stake in Sahyadri Hospitals, an India-based hospital chain. The transaction will… Read More
ARX Acquires Fenestra and Skanska’s Czech Facades Business
Central Europe-focused private equity fund manager ARX Equity Partners has acquired Fenestra Wieden, a Czech Republic-based aluminum-glass facade producer, and the Czech facade operations of Skanska, a Sweden-based construction company. The two entities have been combined and collectively rebranded as Fenestra. Financial details of the transaction were not disclosed. Read More
Fanisi Capital Agrees to Exit Haltons to mPharma
East Africa-focused private equity and venture capital fund manager Fanisi Capital has agreed to exit a controlling stake in Kenya-based drug retail chain Haltons Pharmacy to mPharma, a Ghana-based inventory management company serving pharmacies and pharmaceutical suppliers. The deal is reportedly valued at KES500 million (approximately USD5 million). Fanisi first acquired a stake in Haltons in 2013. The transaction is… Read More
Verod and Persistent Invest USD10 Million in Daystar Power Group
Daystar Power Group, a Mauritius-based hybrid solar power developer operating West africa, has raised USD10 million in equity from Anglophone West Africa-focused private equity firm Verod Capital Management and Persistent Energy Capital, an Africa-focused off-grid energy investment firm. The deal represents Verod’s final investment from its second fund. Daystar has also arranged an additional USD16 million in debt financing from… Read More
Carlyle Agrees to Invest USD108 Million for 10 Percent Stake in Luolai Lifestyle Technology
Global alternative asset manager The Carlyle Group has agreed to acquire a 10 percent stake in Luolai Lifestyle Technology, a China-listed textile manufacturer and distributor, for CNY726 million (approximately USD108 million). Carlyle will purchase 75 million shares of Luolai at a price of CNY9.62 (USD1.43) per share from Shihezi Zhongbang Stock Investment Management Partnership and Xue Junteng, the son of… Read More