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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
EXEO Capital Invests in TerraSan (Sub-Saharan Africa)
Pan-African private equity fund manager EXEO Capital has invested in South Africa-based aquaculture company TerraSan through Agri-Vie Fund II. With EXEO’s support, TerraSan plans to expand its abalone and mussel production facilities, improve the quality of bulk fishmeal it produces and expand its fish processing business. Financial details of the transaction were not disclosed. Read More
Actis to Sell 80 Percent Stake in Mentor Management to Turner & Townsend (Sub-Saharan Africa)
Growth markets investor Actis has agreed to sell its 80 percent stake in Kenya-based project management company Mentor Management to global construction and management consultant Turner & Townsend. Mentor Management’s services include project management, construction management, programming and planning and quality control. Actis originally acquired a controlling stake in the company in 2011. Financial details of the transaction, which is… Read More
AIIM and Helios Invest US$30 Million in Starsight Power Utility (Sub-Saharan Africa)
Africa-focused alternative investment firms African Infrastructure Investment Managers (AIIM) and Helios Investment Partners have invested US$30 million in Nigeria-based energy services company Starsight Power Utility. Starsight offers solar-diesel-battery hybrid and cooling and lighting solutions to commercial and industrial clients. AIIM invested through African Infrastructure Investment Fund 3 (AIIF3). Read More