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Da Vinci Capital Invests US$40 Million for Minority Stake in Softline (CEE and CIS)
Da Vinci Capital, an independent asset manager focusing on mid-market private equity investments in Russia and the Commonwealth of Independent States, has acquired a minority stake in Russia-based IT solutions and services provider Softline for a reported US$40 million. Da Vinci invested through Da Vinci Private Equity Fund II and Da Vinci Pre-IPO Fund. Softline will use the new capital… Read More
Sequoia Capital, Omidyar and Kae Capital Participate Series E Round for Healthkart (Asia)
Venture capital firm Sequoia Capital has led an INR800 million (approximately US$12 million) Series E round for India-based online health products vendor Healthkart. Philanthropic investment firm Omidyar Network and India-focused venture capital firm Kae Capital also participated in the round. Healthkart will use the new capital to support its marketing initiatives and offline expansion. Read More
Carousell Raises US$35 Million Series B from Rakuten Ventures, Sequoia Capital, and Others (Asia)
Rakuten Ventures, the corporate venture arm of Japanese e-commerce and internet company Rakuten, has led a US$35 million Series B round for Singapore-based online market application Carousell. Venture capital firms Sequoia Capital, Golden Gate Ventures and 500 Startups also participated in the round. Carousell will use the new capital to expand internationally. Read More
Investisseurs & Partenaires Invests in Enko Education, Baraji and Africa Radio (Sub-Saharan Africa)
Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) and development finance institution Proparco have participated in a US$2.2 million Series A round for South Africa-based private school network Enko Education. Each investor committed US$1.1 million. Enko will use the new capital to fund the operation of its existing schools, as well as launch new schools. Separately, I&P invested in… Read More
Ovum Hospitals Raises US$5 Million from IL&FS Investment Managers and Norwest (Asia)
India-focused private equity firm IL&FS Investment Managers and global venture capital firm Norwest Venture Partners have invested INR330 million (approximately US$4.9 million) in India-based Neonatal Care & Research Institute, an operator of pediatric and neonatal care units under the Ovum Hospitals brand. Ovum, which currently offers its services using an embedded model within two hospitals in the Bangalore area, plans… Read More
Redpoint E.Ventures Invests in Brazil-based Olist (Latin America)
Venture capital firm Redpoint e.ventures has bought a 20 percent stake in Olist, a Brazil-based company that helps small businesses to sell their products on e-commerce websites. Olist plans to use the capital raised for the development of data analysis tools and process automation. Financial details of the transaction were not disclosed. Read More
IFC Emerging Asia Fund Reaches First Close (Asia)
Development finance institution International Finance Corporation (IFC) has reached a first close for its IFC Emerging Asia Fund. Investors in the fund include Korea Development Bank and the Fiji National Provident Fund, as well as IFC, which committed US$200 million. The fund will target opportunities that align with IFC’s strategy for the region, including addressing the infrastructure deficit and helping… Read More
Partners Group to Back Taiwan-based Solar Power Development Platform (Asia)
Global private markets investment manager Partners Group has agreed to invest more than US$200 million for a controlling stake in a solar power development platform in Taiwan. Cathay Life Insurance is also acquiring a minority stake in the platform through a Partners Group-managed vehicle. The platform has entered into an agreement with Taiwan-based solar power plant developer Sinogreenergy to develop… Read More
KKR to Sell Stake in Gland Pharma to Fosun Pharmaceutical for US$576 Million (Asia)
Global investment firm KKR has agreed to sell its approximately 38 percent stake in India-based pharmaceutical company Gland Pharma to Shanghai Fosun Pharmaceutical, a subsidiary of China-based conglomerate Fosun International, as part of Fosun’s acquisition of an 86 percent stake in the company. The transaction value will total as much as US$1.26 billion, of which KKR’s proceeds could reach US$576… Read More
EMX Capital Acquires 100 Percent Stake in Consorcio Industrial Valsa (Latin America)
Mexico-focused private equity fund manager EMX Capital has acquired a 100 percent stake in Mexico-based aluminum products manufacturer Consorcio Industrial Valsa. With EMX Capital’s support, Valsa will expand operations, increase productivity and improve its customer service. Financial details of the transaction were not disclosed. Read More
CDH Investments Leads US$100 Million Investment in UBTECH Robotics (Asia)
China-focused private equity and venture capital firm CDH Investments has led a US$100 million funding round for China-based robot designer and manufacturer UBTECH Robotics. China-based investment bank CITIC Securities and other undisclosed investors also participated in the round. UBTECH plans to use the new capital for research and development, exploring more applications in new industries and building new research centers… Read More
Hamilton Lane Private Equity Fund IX Closes with US$516 Million in Commitments (Global)
Global private markets advisor Hamilton Lane has closed its latest global fund of funds Hamilton Lane Private Equity Fund IX with US$516 million in capital commitments, exceeding its original target of US$400 million. Investors in the fund include public and private pension funds, endowments, foundations and other institutions. The fund will primarily target funds focused on small- to mid-cap opportunities… Read More