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Amadeus Capital Leads a Series C Round for IndiaMART (Asia)
Technology-focused venture capital firm Amadeus Capital Partners has led a Series C round for India-based online marketplace IndiaMART. Other participants in the round included India-focused private investment firm WestBridge Capital; Quona Capital, an investor in growth-stage financial technology companies in emerging markets; and Intel Corporation’s venture capital arm Intel Capital. IndiaMART will use the new capital to scale its Indiamart.com… Read More
Aspada and Blume Ventures Participate in a Funding Round for Dunzo (Asia)
India-focused investment firm Aspada Investment Advisors, India-focused early stage venture capital firm Blume Ventures and a series of angel investors have invested US$650,000 in India-based Dunzo, the operator of a mobile application for managing personal tasks. The company, launched in 2015, allows consumers to complete a range of everyday tasks by connecting them with small merchants and contractors via a… Read More
MENA Infrastructure Exits Alexandria International Container Terminals & United Power Company (MENA)
MENA Infrastructure, an infrastructure fund manager focused on the Middle East, North Africa and Turkey region, has sold its 30 percent stake in Egypt-based port terminal operator Alexandria International Container Terminal to global port investor Hutchison Port Holdings. Separately, MENA Infrastructure has exited its 38 percent stake in Oman-based power plant operator United Power Company to Saudi Arabia-based renewable energy… Read More
Africa Internet Group Raises EUR225 Million (Sub-Saharan Africa)
Nigeria-based e-commerce company Africa Internet Group (AIG) has secured EUR225 million (approximately US$244 million) from investment bank Goldman Sachs, South Africa-based telecom company MTN Group and global e-commerce investment company Rocket Internet. This amount is in addition to France-based insurer AXA’s EUR75 million (approximately US$81 million) investment in the company that was announced in February 2016. AIG owns several technology… Read More
Union Square Ventures, LocalGlobe and SmartCap Invest US$2 Million in Jobbatical (CEE and CIS)
Jobbatical, an Estonia-based platform that connects jobseekers to global tech jobs, has raised a US$2 million financing round from venture capital firms Union Square Ventures and LocalGlobe. Early-stage venture capital fund manager SmartCap also participated in the round. Jobbatical plans to use the new funding to improve its product and user experience, grow its team and open a regional hub… Read More
ALLVP Invests in Mexico-based Mobile Virtual Network Operator Weex (Latin America)
Mexico-focused venture capital firm Antoni & Lelo de Larrea Venture Partners (ALLVP) has invested in Weex, a Mexico-based mobile virtual network operator. The company offers a platform on which users can create their own personalized mobile phone plans from a selection of talk, text and data bundles. Financial details of the transaction were not disclosed. Read More
U.S. President Obama’s Global Entrepreneurship Summit at Stanford University, Deadline 18 March 2016
Now accepting applications for investors, funders, accelerators and incubators On 22-24 June 2016, United States President Barack Obama will host the seventh annual Global Entrepreneurship Summit (GES) at Stanford University. The application for investors, funders, accelerators and incubators to apply to attend is now open. GES offers an opportunity to meet hundreds of dynamic, hand-picked entrepreneurs from around the world, who seek… Read More
Gulf Capital Expands to Sub-Saharan Africa Through a Partnership with Serengeti Capital
Middle East-focused alternative asset manager Gulf Capital will expand its private debt business to Sub-Saharan Africa through a partnership with Africa-focused investment bank Serengeti Capital. Through this partnership, Serengeti Capital will be advising Gulf Capital on credit and mezzanine investment opportunities in Sub-Saharan Africa. Gulf Capital will make investments in Sub-Saharan Africa through Gulf Credit Opportunities Fund II, which recently… Read More
PENM Partners Sells a 30 Percent Stake in Vietnam-based European Plastics Window Company (Asia)
Vietnam-focused private equity firm PENM Partners has sold a 30 percent stake in European Plastics Window Company—a Vietnam-based door, window and partition manufacturer that markets under the Eurowindow brand—to Japan-based sliding door manufacturer Bunka Shutter. PENM Partners originally invested in the company in 2007 and made a follow-on investment in 2011, both structured through its fund Private Equity New Markets… Read More
AION Capital Partners Agrees to Acquire GE Capital’s India Lending Businesses (Asia)
AION Capital Partners, a joint venture between private equity firms ICICI Venture and Apollo Global Management, has agreed to back a consortium of former GE Capital executives to acquire GE Capital’s India commercial lending and leasing businesses, namely GE Capital Services India and GE Money Financial Services. The transaction will include approximately US$400 million in ending net investment. The companies,… Read More
Warburg Pincus Agrees to Sell a 16 Percent Stake in China Biologic Products for US$425 Million(Asia)
Global private equity firm Warburg Pincus has agreed to sell a 16 percent stake in China-based biopharmaceutical company China Biologic Products for US$425.7 million via a secondary offering on the NASDAQ Stock Market. Warburg Pincus originally invested in the company in 2010 in a transaction structured through Warburg Pincus Private Equity X. The company manufactures more than 20 different dosage… Read More
Innova Capital Sells Provus Group to Wirecard (CEE and CIS)
Mid-market private equity firm Innova Capital has sold Romania-based payments processing company Provus Group to Germany-based electronic payments company Wirecard. According to Wirecard, the compensation owed within the scope of this transaction was EUR32 million (approximately US$35 million) in cash payments. Innova originally acquired the company in 2011. Read More