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Imperativ Hospitality Raises US$17 Million Series B Round from Samena Capital (Asia)
India-based budget hotel chain Imperativ Hospitality has raised INR1.1 billion (approximately US$17 million) in a Series B funding round from Samena Capital, a principal investment group focused on South Asia, the Middle East and North Africa. Through the investment, Samena has acquired a 33 percent stake in the company, which operates under the Bloom Hotels brand. Imperativ currently runs eight… Read More
EverSource Capital Reaches US$344 Million First Close for Green Growth Equity Fund (Asia)
EverSource Capital, a green infrastructure-focused investment platform formed by India- and Southeast Asia-focused private equity firm Everstone Capital and India- and U.K.-based solar energy company Lightsource BP, has reached a first close for the Green Growth Equity Fund (GGEF) with GBP240 million (approximately US$344 million) in capital commitments. The U.K. government and India’s government-backed National Investment and Infrastructure Fund have… Read More
EXEO Capital and Norfund Invest US$17 Million in Marginpar Flower Group (Sub-Saharan Africa)
Pan-African food and agriculture-focused private equity fund manager EXEO Capital and Norwegian development finance institution Norfund have invested US$17 million in East Africa-based flower producer Marginpar Flower Group Holdings. EXEO Capital invested through Agri-Vie Fund II. The new capital has helped to finance the Marginpar Flower Group’s acquisition of Kenya-based Carzan Flowers, Marginpar Ethiopia and Netherlands-based flower marketer and distributor… Read More
Qiming Venture Partners Closes Three Funds Totaling US$1.4 Billion (Asia)
China- and U.S.-focused venture capital fund manager Qiming Venture Partners has closed three new funds with US$1.4 billion in total capital commitments. The funds include Qiming Venture USD Fund VI with US$935 million, Qiming Venture RMB Fund V with CNY2.1 billion (approximately US$335 million) and Qiming U.S. Healthcare Fund I with US$120 million in commitments. The former two funds will… Read More
CoinAfrique Raises $3 Million Series A Round from Investisseurs & Partenaires and Others (Sub-Saharan Africa)
Senegal-based classified advertisement platform CoinAfrique has raised EUR2.5 million (approximately US$3 million) in a Series A funding round. Investors in the round include Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires, as well as a pool of investors represented by co-investment platform French Partners and Francophone Africa-focused retailer Mercure International. CoinAfrique, which launched in 2015 and participated in the World… Read More
CoinAfrique Raises $3 Million Series A Round from Investisseurs & Partenaires and Others (Sub-Saharan Africa)
Senegal-based classified advertisement platform CoinAfrique has raised EUR2.5 million (approximately US$3 million) in a Series A funding round. Investors in the round include Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires, as well as a pool of investors represented by co-investment platform French Partners and Francophone Africa-focused retailer Mercure International. CoinAfrique, which launched in 2015 and participated in the World… Read More
CITIC Capital Partners Acquires Majority Stake in Jiangsu SKY Facility Management (Asia)
CITIC Capital Partners, the private equity arm of alternative investment management and advisory firm CITIC Capital, has acquired a majority stake in China-based Jiangsu SKY Facility Management (SKYFM). SKYFM provides facility management services such as security and cleaning to a wide range of Chinese companies and institutions. CITIC Capital Partners, which completed the investment through its China-focused buyout fund, will… Read More
Lone Star and RattanIndia Invest US$398 Million to Launch RattanIndia Finance (Asia)
Global alternative investment firm Lone Star Funds and India-based power, cement and mining conglomerate RattanIndia Group have jointly invested INR26 billion (approximately US$398 million) to launch RattanIndia Finance, a non-banking financial company. Lone Star and RattanIndia will each own a 50 percent stake in the company, which will provide loans to Indian small- and medium-sized enterprises. The joint venture has… Read More
NXTP Labs Invests in Pay per TIC (Latin America)
Pay per TIC, an Argentina-based online payment and collection services platform, has raised a new funding round with participation from Latin America-focused accelerator and early-stage investment firm NXTP Labs. The company, which has operations in Argentina and Spain, will use the funding to consolidate its presence in Argentina and expand internationally. Financial details of the transaction were not disclosed. Read More
Vostok Emerging Finance and Monashees Capital Lead US$5 Million Series A Round for Magnetis (Latin America)
Brazil-based online personal investment consultancy Magnetis has raised BRL17 million (approximately US$5 million) in a Series A funding round led by emerging markets fintech-focused venture capital firm Vostok Emerging Finance and Latin America-focused early-stage venture capital firm Monashees Capital. Redpoint e.ventures and unnamed angel investors also participated in the round. Magnetis, which recently released a mobile application, will use the… Read More
Actera Group and Esas Holdings Exit U.N. Ro-Ro to DFDS for US$1.2 Billion (CEE and CIS)
Turkey-focused private equity fund manager Actera Group and investment company Esas Holdings have agreed to sell their joint 98.8 percent stake in Turkey-based roll-on roll-off freight shipping company U.N. Ro-Ro to Denmark-based shipping and logistics firm DFDS for EUR950 million (approximately US$1.2 billion). The acquisition of U.N. Ro-Ro, which operates two port terminals and five shipping routes between Turkey and… Read More
AION Investments and JSW Steel Acquire Majority Stake in Monnet Ispat & Energy for US$570 Million (Asia)
AION Investments, a joint venture between India-focused ICICI Venture Funds Management and U.S.-based alternative investment firm Apollo Global Management, and India-based steel manufacturer JSW Steel have agreed to acquire a 75 percent stake in bankrupt India-based steel and sponge iron producer Monnet Ispat & Energy for INR37 billion (approximately US$570 million). AION and JSW hold 70 percent and 30 percent… Read More