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Navis Capital Partners Invests in Tawada Healthcare and Hanoi French Hospital (Asia)
Asia-focused private equity firm Navis Capital Partners has agreed to invest in Indonesia-based medical device distributor Tawada Healthcare. Navis intends to help Tawada attract top talent, upgrade its systems and processes, and explore mergers and acquisitions. Separately, Navis has invested in Vietnam-based primary healthcare operator Hanoi French Hospital. Navis’s support will help the company move forward with plans to renovate… Read More
Omidyar Network Leads a Series B Round in Scripbox (Asia)
Philanthropic investment firm Omidyar Network has led a Series B funding round for India-based investment services provider Scripbox. Existing investors in the company, including venture capital firm Accel Partners and angel investors, also participated in the round. Scripbox will use the new capital to expand its user base. Financial details of the transaction were not disclosed. Read More
Aqua Capital Acquires a Controlling Stake in Rural Brasil (Latin America)
Aqua Capital, a private equity firm focused on growth investments in mid-market companies in Latin America, has acquired a controlling stake in Brazil-based agricultural inputs distribution company Rural Brasil for a reported BRL86 million (approximately US$26 million). Aqua Capital now holds a 60 percent stake in the company. Rural Brasil plans to use the new capital to expand its products… Read More
IFC and Armstrong Asset Management Agree to Invest in Gia Lai Electricity (Asia)
Development finance institution International Finance Corporation (IFC) and clean energy-focused private equity firm Armstrong Asset Management have acquired 16 and 20 percent stakes, respectively, in Vietnam-based renewable energy company Gia Lai Electricity (GEC). Armstrong structured its commitment through Armstrong South East Asia Clean Energy Fund. With IFC and Armstrong’s support, GEC will expand its hydropower portfolio and invest in other… Read More
Lightspeed China Partners Reaches a Final Close and an Interim Close (Asia)
China-focused venture capital firm Lightspeed China Partners (LCP) has reached a final close for Lightspeed China Partners III with US$260 million in capital commitments. Separately, the firm has reached an interim close of an undisclosed amount for its RMB fund. With USD and RMB dual-currency venture funds, LCP plans to continue investing in China-based early-stage companies in internet, mobile and… Read More
The EuroMena Funds Invests in Lebanon-based Lender Credit Libanais (MENA)
Middle East- and Africa-focused fund manager The EuroMena Funds has invested US$20 million in Lebanon-based bank Credit Libanais. The transaction was structured through EuroMena III. EuroMena acquired the shares as part of the sale of 9.41 million shares in Credit Libanais by investment bank EFG-Hermes. Credit Libanais provides a range of banking products and services in Lebanon and West Africa. Read More
Abris Capital Partners to Sell Novago to China Everbright International (CEE and CIS)
CEE and CIS-focused mid-market private equity firm Abris Capital Partners has agreed to sell Poland-based waste management platform Novago to China Everbright International, the Hong Kong-listed industrial subsidiary of China Everbright Group. Abris Capital Partners originally acquired a majority stake in Novago in 2013. Financial details of the transaction, which is pending regulatory approval, were not disclosed. Read More
SAIF Partners Invests in FarEye and YourDOST (Asia)
India-based software-as-a-service workforce management platform FarEye has raised US$3.5 million in a Series A financing round from Asia-focused private equity firm SAIF Partners. FarEye intends to use the new capital to double its staff. Separately, SAIF Partners has led a US$1.2 million pre-Series A financing round for India-based online counselling and psychological support platform YourDOST. SAIF Partners contributed US$1 million,… Read More
Phatisa Invests in Torre Equipment Africa (Sub-Saharan Africa)
Private equity fund manager Phatisa has invested in South Africa-based equipment distributer Torre Equipment Africa (TEA). With Phatisa’s support, TEA intends to expand its product offering and sales within the agricultural sector. TEA operates in Côte d’Ivoire, Ghana, Liberia, Sierra Leone, Cameroon and Botswana, among others. Financial details of the transaction were not disclosed. Read More
IFC, IFC AMC, Ascension & Sanlam to Provide US$117m in Funding for Lekela Power (Sub-Saharan Africa)
Global renewable energy developer Mainstream Renewable Power has signed a US$117.5 million equity investment from development finance institution International Finance Corporation (IFC); IFC Asset Management Company (IFC AMC), a wholly-owned subsidiary of IFC; Ascension Investment Management, an asset manager for faith-based organizations; and South Africa-based financial services group Sanlam. IFC AMC structured its commitment through IFC African Latin American and… Read More
Denham Capital and GreenWish Partners Form a Partnership to Finance Renewables (Sub-Saharan Africa)
Energy-focused private equity firm Denham Capital has agreed to partner with Sub-Saharan Africa-focused renewable energy investment company GreenWish Partners to develop, build and finance a portfolio of 600 megawatts of renewable energy assets across Sub-Saharan Africa by 2020. The capital commitment will allow the new African renewables platform to carry out a US$1 billion project pipeline. Financial details of the… Read More
Northern Light Venture Capital and New Horizon Capital Lead a US$100 Million Round for Beibei (Asia)
China-focused venture capital firm Northern Light Venture Capital and private equity firm New Horizon Capital have led a US$100 million financing round for China-based maternal and infant products e-commerce platform Beibei. Venture capital firm Banyan Capital and private equity firm Capital Today also participated in the round. Beibei will use the new financing to develop its own supply chains, improve… Read More