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IDG Capital Partners Closes IDG China Venture Capital Fund IV on US$586 Million, Leads a US$20 Million Financing Round for DewMobile (Asia)
Technology-focused venture capital firm IDG Capital Partners has reached a final close on IDG China Venture Capital Fund IV with US$586 million in capital commitments. The fund, which was oversubscribed, will make investments in the early-stage technology, media and telecom (TMT) sector. Investors included existing limited partners as well as new investors, such as global investment and venture philanthropy firm… Read More
Helios Investment Partners Backs ARM Pension Managers (Sub-Saharan Africa)
Pan-African private equity firm Helios Investment Partners has agreed to acquire a minority stake in Nigeria-based pension fund manager ARM Pension Managers, a subsidiary of asset manager Asset & Resource Management Company (ARM). ARM Pension Managers has more than US$2.2 billion of pension assets under management and intends to use the investment to consolidate its market position. Financial details of… Read More
Darby Private Equity Exits Bioenergy Geradora de Energia (Latin America)
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its investment in Brazil-based renewable energy company Bioenergy Geradora de Energia. Darby originally invested in the company through its Brazil Mezzanine Infrastructure Fund in September 2011. Darby’s investment funded wind parks that have been operational since December 2011 and are part of Bioenergy's portfolio of 1,500 MW… Read More
Sentient Group Enters into a New Financing Agreement with Marengo Mining (Asia)
Papua New Guinea-based mining company Marengo Mining has signed a loan conversion and debenture purchase agreement with existing investor Sentient Group, a global natural resources fund manager. The transaction will be structured through Sentient Global Resources Fund IV. Post-transaction, Sentient’s holding will increase from a 22 percent stake to about an 80 percent stake. Marengo Mining intends to use the… Read More
Practica Capital Participates in a Financing Round for Rewalon, Invests EUR1.45 Million in MCT (CEE and CIS)
Lithuania-based Rewalon, a provider of corporate rewarding services and operator of gifting mobile app Gifty, has received a follow-on financing round from Lithuania-focused venture capital firm Practica Capital and venture capital fund Online Venture. Practica Capital’s investment was structured through Practica Seed Capital fund. Financial details of the transaction were not disclosed. Separately, Practica Capital has invested EUR1.45 million (approximately… Read More
The Carlyle Group Partners with JV Resguardo (Latin America)
Global alternative asset manager The Carlyle Group and JV Resguardo, operator of Peru-based security companies Liderman and Clave 3, have entered into a partnership to expand the Liderman and Clave 3 brands. JV Resguardo currently has operations in Peru and Ecuador with plans to expand to more countries in the region through organic growth and potential acquisitions. Financial details of… Read More
Shoreline Capital Management Reaches US$150 Million First Close on Shoreline China Value III (Asia)
Shoreline Capital Management, a credit investor focused on China, has reached a first close on its latest distressed debt fund, Shoreline China Value III, with US$150 million in capital commitments. The fund has a target of US$500 million, and a final close is anticipated later this year. Shoreline’s predecessor fund, Shoreline China Value II, held a final close in 2012… Read More
Sequoia Capital Raises US$530 Million for India-focused Fund, Leads US$100 Million Financing Round for E-Commerce Company Coupang (Asia)
Venture capital firm Sequoia Capital has reached a final close on its fourth India-focused fund with US$530 million in capital commitments. The fund will focus on early stage companies, and will deploy capital in India as well as in Southeast Asia. Nearly 98 percent of the capital raised came from Sequoia’s existing limited partners. Separately, Sequoia Capital has led a… Read More
App Annie Raises US$17 Million from IDG Capital Partners, Greycroft Partners and Sequoia Capital (Asia)
Hong Kong-based provider of app store analytics App Annie has raised a US$17 million financing round from existing investors venture capital firms IDG Capital Partners, Greycroft Partners and Sequoia Capital. The financing will be used in part to fund App Annie’s recent acquisition of United States-based Distimo, a mobile analytics company, as well as for product development. App Annie previously… Read More
Hony Capital Partially Exits CSPC Pharmaceutical Group for HKD4.4 Billion (Asia)
China-focused private equity firm Hony Capital has partially exited its investment in China-based generic drugs manufacturer CSPC Pharmaceutical Group. Hony’s affiliate Joyful Horizon sold 600 million shares in CSPC to third parties and 105.9 million shares to an entity owned by the company’s chairman at HKD6.25 (approximately US$0.81) a piece, generating HKD4.4 billion (approximately US$569 million) and representing a total… Read More
iTech Capital and Runa Capital Back Ecwid (CEE and CIS)
Global private equity and venture capital firm iTech Capital has led a US$5 million Series B financing round in Russia-based e-commerce platform Ecwid. Existing investor venture capital firm Runa Capital also participated in the round. Ecwid, which allows retailers to create online stores and add them to web platforms, will utilize the funds to expand its global distribution partner network… Read More
Clearwater Capital Partners Partially Exits Diamond Power Infrastructure, Sells Oil Rig to Arabian Drilling Company (Asia)
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has partially exited its stake in India-based Diamond Power Infrastructure, selling a 5.5 percent stake for INR271 million (approximately US$4.6 million) on the open market. Clearwater, which holds a 5.7 percent stake in the company post-transaction, originally invested in Diamond Power in 2006. Separately, Clearwater has… Read More