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Buran Venture Capital and Vision Plus Invest in Kopikot.ru (CEE and CIS)
Russia-based e-commerce cashback rewards platform Kopikot.ru has received an investment from venture capital firms Vision Plus and Buran Venture Capital. The investment is part of a larger deal in which Buran and Vision Plus invested EUR3.7 million (approximately US$4 million) in Bonusway, the Finland-based parent company of Kopikot.ru. Financial services companies Nordea and Finnvera also provided an EUR3.2 million (approximately… Read More
CDH Investments and CCB International Sell Stakes in Harmonicare Medical Holdings (Asia)
China-focused private equity firm CDH Investments and investments services provider CCB International have sold their stakes in Hong Kong Stock Exchange-listed hospital operator Harmonicare Medical Holdings to China-based life insurance company Taikang Insurance Group. CDH sold a 10.37 percent stake in the company for HKD514 million (approximately US$66 million) and CCB sold a 6.07 percent stake for HKD301 million (approximately… Read More
Actis Exits Stake in Power Distribution Company Umeme (Sub-Saharan Africa)
Growth markets investor Actis has sold its remaining 14.3 percent stake in Uganda Securities Exchange- and Nairobi Securities Exchange-listed power distribution company Umeme. Actis sold its shares via private placement to institutional investors, including Uganda-based private pension fund National Social Security Fund, which acquired a 7.5 percent stake and increased its overall holding in the company to 23 percent. Actis… Read More
Newly Launched EMPEA Institute Presents Sustainability & Operational Excellence Challenge Winner
The newly launched EMPEA Institute presents the winner of the 2016 Sustainability and Operational Excellence Challenge (“the Challenge”): MCap Fund Advisors. MCap was selected for its active management of Ganesha Ecosphere Ltd. by securing the most votes from a global audience of over 200 leading emerging market private capital investors convened at the EMPEA/FT Sustainable Investing in Emerging Markets leadership summit. Read the full press release » Read More
PC Capital Management &Creation Investments Make Follow-on Investment in Te Creemos (Latin America)
Private equity and investment banking firm PC Capital Management and Creation Investments Capital Management, an investment management firm with a focus on financial services, have made a follow-on investment in Mexico-based Te Creemos. The new financing will be used to support Te Creemos’s acquisition of a 100 percent stake in Financiera FINCA, the Mexico-based subsidiary of microfinance institution FINCA International.… Read More
IDG Ventures India and SAIF Partners Invest US$4 Million in PlaySimple Games (Asia)
Venture capital firms IDG Ventures India and SAIF Partners have led a INR270 million (approximately US$4 million) Series A round for India-based mobile social gaming company PlaySimple Games. The company will use the funds for game development, team expansion and marketing. IDG originally invested in the company’s seed round in 2014. Read More
Delta Partners Capital and SEQ Capital Partners Lead Investment Round in STARZ Play (MENA)
Investment and advisory companies Delta Partners Capital and SEQ Capital Partners have led an investment round in United Arab Emirates-based on-demand video streaming service STARZ Play. The company will use the funds to launch new content offerings and expand its partnerships across the MENA region. Financial details of the transaction were not disclosed. Read More
IDG Ventures India and Kalaari Capital Invest US$3 Million in Active.ai (Asia)
Venture capital firms IDG Ventures India and Kalaari Capital have invested US$3 million in Singapore-based fintech startup Active.ai, which employs artificial intelligence (AI) to deliver virtual assistant banking services. Active.ai will use the investment to expand its clientele and improve its AI technology. Read More
Gulf Capital Acquires Controlling Stake in Online Nutritional Supplement Retailer Sporter.com (MENA)
Middle East-focused alternative investment firm Gulf Capital has acquired a controlling stake in Sporter.com, an online retailer of sports and nutrition supplements operating primarily in Gulf Cooperation Council (GCC) countries. The company will use the investment the enter new markets and further expand its portfolio of businesses. Financial details of the transaction were not disclosed. Read More
Long Hill Capital Management Reaches Final Close for Debut Fund with US$125M in Commitments (Asia)
China-focused venture capital firm Long Hill Capital Management has reached a final close for Long Hill Capital Venture Partners 1 with US$125 million in capital commitments. The fund will focus on early-stage investments in technology-enabled health care and consumer services companies in China. Investors in the fund include global venture capital firm New Enterprise Associates, development finance institution International Finance… Read More
Accion Venture Lab Exits Varthana (Asia)
Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, has sold its stake in Varthana, an India-based provider of specialized loans and support to private schools, to an undisclosed investor. Accion Venture Lab originally invested in Varthana in May 2013. Financial details of the transaction were not disclosed. Read More
LeapFrog Investments Partially Exits IFMR Capital (Asia)
Emerging markets specialist private equity investor LeapFrog Investments has partially exited its stake in IFMR Capital, an India-based provider of capital market access to financial institutions serving low-income consumers. The exit is part of a larger deal in which Eight Roads Ventures, the proprietary investment arm of United States-based Fidelity International, will invest up to US$25 million in the company.… Read More