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Lendingkart Raises US$87 Million from Fullerton, Mayfield, India Quotient and Others (Asia)

India-based SME financing platform Lendingkart has raised a US$87 million Series C round led by Singapore-based Fullerton Financial Holdings. Existing investors Sistema Asia Fund, Bertelsmann India Investments, Mayfield Fund, India Quotient and Saama Capital also participated in the round. Lendingkart will use the new funds to improve its technological and analytics capabilities, expand its credit products to include micro-enterprises and… Read More

JD.com to Raise US$2.5 Billion from Hillhouse Capital, Sequoia Capital and Others (Asia)

China-based online retailer JD.com has agreed to sell a stake in its logistics arm, JD Logistics, for US$2.5 billion to a group of investors including private equity fund managers Hillhouse Capital and Sequoia Capital. China-based strategic investors China Merchants Group, Tencent Holdings and China Life Insurance also participated in the round. The company plans to use the new capital to… Read More

Omnivore Partners India Fund II Reaches US$46 Million First Close (Asia)

India-focused venture capital fund manager Omnivore Partners has reached a first close for Omnivore Partners India Fund II with US$46 million in capital commitments. Investors in the fund include development finance institutions KfW, the Dutch Good Growth Fund and Small Industries Development Bank of India (SIDBI), the Rockefeller Foundation, the Sorenson Impact Foundation, investment firm Ceniarth and India-based RBL Bank.… Read More

NSI Ventures Leads Series A Round for Axinan (Asia)

Early-stage technology investor NSI Ventures, the venture arm of Southeast Asia-focused alternative investment fund manager Northstar Group, has led a Series A round for Singapore-based online insurance provider Axinan. Existing investor Linea Ventures and other undisclosed investors also participated in the round. Axinan plans to use the new capital to expand across Southeast Asia, build new partnerships, accelerate hiring and… Read More

Lakeshore Capital Invests in Panpuri (Asia)

Thailand-focused private equity fund manager Lakeshore Capital has invested in Thailand-based wellness-oriented personal care brand Panpuri through Lakeshore Capital I. The new funds will support marketing and research and development efforts. Panpuri operates a global network of more than 40 stores selling bath and skincare products, as well as signature spas in Thailand, Malaysia and Japan. Financial details of the… Read More

Warburg Pincus and Becamex IDC Commit More than US$200 Million to BWID (Asia)

Global private equity fund manager Warburg Pincus and Vietnam-based real estate and infrastructure developer Becamex IDC have committed more than US$200 million to a newly formed joint venture, BW Industrial Development (BWID), to develop institutional-grade industrial and logistics properties across Vietnam. The joint venture plans to invest in logistics warehouses, build-to-suit and ready-built factories and other industrial facilities with a… Read More

Hopu Reaches US$2 Billion First Close for Third Fund (Asia)

China-focused private equity firm Hopu Investment Management has reached a first close for its third fund with US$2 billion in capital commitments. Investors in the fund reportedly include sovereign wealth funds China Investment Corporation and Temasek Holdings and trading house Mitsui & Co. The fund is targeting US$2.5 billion in total commitments. Read More

Swicorp and Wamda Lead Round for Mumzworld (MENA)

MENA-focused investment firms Swicorp and Wamda Capital have led an investment round for Mumzworld, an e-commerce company catering to mothers, babies and children in the Middle East and North Africa. Other investors in the round include health care and personal products company Tamer Group, as well as existing regional investors Precinct Capital, WSB Holding, Riverbank Technologies and Saned. Mumzworld plans… Read More

Turkven Exits MLP in US$366 Million IPO (CEE and CIS)

Turkey-based MLP Care Services, the operator of the Medical Park and Liv Hospital networks, has raised TRY1.4 billion (approximately US$366 million) in an IPO on Borsa Istanbul valuing the company at TRY4 billion (approximately US$1 billion). MLP sold 73 million shares at TRY19 (approximately US$5) per share, reportedly facilitating an exit for Turkey-focused private equity fund manager Turkven, which originally… Read More

Energy Access Ventures Fund I Reaches US$92 Million Second Close (Sub-Saharan Africa)

Global private equity fund manager Advent International has reportedly sold its stake in Brazil-based education company Faculdade da Serra Gaúcha to Brazil-based Cruzeiro do Sul Educacional in a transaction valuing the company at BRL340 million (approximately US$104 million). Advent originally invested in the company in March 2015. Read More

Advent Exits Faculdade da Serra Gaúcha (Latin America)

Global private equity fund manager Advent International has reportedly sold its stake in Brazil-based education company Faculdade da Serra Gaúcha to Brazil-based Cruzeiro do Sul Educacional in a transaction valuing the company at BRL340 million (approximately US$104 million). Advent originally invested in the company in March 2015. Read More

NBK Capital Partners Real Estate Fund I Reaches US$75 Million First Close (MENA)

NBK Capital Partners, an alternative investment fund manager focused on the Middle East and North Africa, has reached a first close for NBK Capital Partners Real Estate Fund I with US$75 million in capital commitments. Investors in the fund include regional institutions, pension funds, family offices and high-net worth individuals. The fund will aim to acquire a sharia-compliant portfolio of… Read More