GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Cathay Capital Leads US$14 Million Series A+ Round for Yimidida (Asia)
Cross-border private equity firm Cathay Capital Private Equity has led a CNY100 million (approximately US$14 million) Series A+ round in China-based Yimidida, an online logistics platform providing crowd-sourced delivery services in China’s small counties and villages. Existing investors China-focused venture capital firm Source Code Capital and Singapore-based Global Logistic Properties (GLP) also participated in the round. The new funding follows… Read More
TC Latin America Partners’ Second Real Estate Fund Reaches US$268Million Final Close (Latin America)
Real estate fund manager TC Latin America Partners has reached a final close for Terranum Capital Latin America Real Estate Fund II with US$268 million in commitments. Investors in the fund include pension funds and insurance companies in Colombia, Peru, the United States, the Middle East and Europe. The fund will invest in the development of residential, commercial and industrial… Read More
Amicus Capital Partners Reaches US$90 Million First Close for Maiden Fund (Asia)
India-focused private equity firm Amicus Capital Partners has reportedly reached a first close for its first fund with approximately US$90 million in commitments. Investors in the fund include European family offices and multilateral institutions. The fund, which is targeting US$200 million in total commitments, will largely focus on acquiring minority stakes in companies in the health care, technology, business services,… Read More
Riverstone Commits up to US$300 Million to Avant Energy (Latin America)
Energy and power-focused private investment firm Riverstone Holdings has agreed to an initial line-of-equity investment of US$150 million in newly-established Mexico-based energy infrastructure platform Avant Energy. Riverstone’s initial investment may increase to US$300 million once its initial commitment has been invested. Avant Energy will focus on the development, construction and operation of infrastructure for Mexico’s oil, natural gas, refined products… Read More
Synergy Capital Managers Invests in MSY Analytics Group (Sub-Saharan Africa)
Nigeria- and Ghana-focused private equity firm Synergy Capital Managers has invested in Nigeria-based MSY Analytics Group, a technology-driven professional services and data analytics company focused on organizational productivity. MSY will use Synergy’s investment, which was made through Synergy Private Equity Fund, to expand geographically across the continent and to deepen its product offerings. Financial details of the transaction were not… Read More
Nexxus Capital and MCH Private Equity Agree to Invest in Pumping Team Holding (Latin America)
Mexico-focused private equity firm Nexxus Capital and Spain-focused private equity firm MCH Private Equity have agreed to invest in Spain-based Pumping Team Holding, a concrete pumping services company with operations in Mexico and Spain. Nexxus will invest through Nexxus Capital Private Equity Fund VI, while MCH will invest through MCH Iberian Capital Fund IV. Concurrently, Pumping Team has agreed to… Read More
Innova Capital Exits Wirtualna Polska (CEE and CIS)
CEE-focused mid-market private equity firm Innova Capital has fully exited its investment in Poland-based internet portal Wirtualna Polska (WP), selling its remaining 27 percent stake for PLN50 (approximately US$11.96) per share on the Warsaw Stock Exchange. Innova Capital originally invested in WP in 2014 through Innova/5 and subsequently merged the company with Poland-based o2 Group. The exit reportedly generated an… Read More
Jungle Ventures Reaches US$100 Million Final Close for Second Fund (Asia)
Southeast Asia-focused venture capital firm Jungle Ventures has reached a final close for Jungle Ventures II with US$100 million in commitments. Investors include sovereign wealth fund Temasek Holdings, Singapore-based National Research Foundation, Germany-based Hubert Burda Media, Singapore-based consumer electronics distributor Thakral and family offices Kewalram Chanrai Group and Khoon Hong Kuok. Development finance institution International Finance Corporation also committed US$10… Read More
Accel India V Reaches US$450 Million Final Close (Asia)
Global venture capital firm Accel Partners has reached a final close for its fifth India-focused fund with US$450 million in commitments. The fund will invest in the consumer internet, enterprise software, financial technology and health care sectors. Accel reportedly plans to begin investing from the fund in early 2017. Read More
Lumos Global Raises US$90 Million from OPIC, Pembani Remgro, VLTCM and ICV (Sub-Saharan Africa)
Nigeria-based off-grid solar firm Lumos Global has raised US$90 million from development finance institution Overseas Private Investment Corporation (OPIC), Sub-Saharan Africa-focused investment firm Pembani Remgro Infrastructure Managers, VLTCM and Israeli cleantech venture specialist ICV. The new funding comprises US$50 million in debt provided by OPIC and US$40 million in equity from Pembani Remgro, VLTCM and ICV. Lumos Global will use… Read More
Lok Capital Leads US$6.6 Million Series B Round for HR Food Processing (Asia)
India-focused impact investment firm Lok Capital has led an INR450 million (approximately US$6.6 million) Series B round for India-based dairy producer HR Food Processing. Lok invested through its third fund, Growth Catalyst Partners. South- and Southeast Asia-focused impact fund advisory firm Aavishkaar also participated in the round via Aavishkaar II. HR Food Processing plans to use the funds to expand… Read More
Everbright Reinfore Leads US$102 Million Series C Round for Beijing DS365 Technology (Asia)
China-focused private equity firm Everbright Reinfore has led a CNY700 million (approximately US$102 million) Series B round for Beijing DS365 Technology, a China-based provider of supply chain management, transaction and logistics solutions for convenience stores. Financial services provider China UCF Group also participated in the round. DS365 will use the new capital to scale its business into additional Chinese cities. Read More