Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has invested USD925,000 in a bridge round for Supercraft3D, a Singapore-based additive manufacturer of medical implants and supplies using 3D printing technology. The company will use the new funds for hiring and marketing, as well as to build an… Read More
Southeast Asia-focused venture capital fund managers Openspace Ventures and Jungle Ventures have led a USD6 million Series A investment in SweetEscape, an Indonesia-based on-demand photography platform. Other investors in the funding round include Burda Principal Investments, the investment arm of Germany-based Hubert Burda Media, and the company’s existing shareholders East… Read More
China-based online health care services provider Miaoshou Doctor has completed a funding round led by China-focused private equity firm Starquest Capital, reportedly valuing the company at CNY7 billion (approximately USD1 billion). Previous backers of the company include Tencent Holdings, Sequoia Capital, Qiming Venture Partners, and Kunling Capital. Founded in 2015,… Read More
Airtel Africa, an operator of telecoms and mobile banking services throughout Africa, has raised GBP595 million (approximately USD755 million) in its initial public offering. The company sold 705 million shares on the London Stock Exchange and 39 million shares on the Nigerian Stock Exchange for GBP0.80 (USD1.01) per share. Airtel… Read More
Emerging markets-focused private equity fund manager Affirma Capital has invested approximately USD40 million in Tirupati Medicare, an India-based developer and manufacturer of nutraceutical and pharmaceutical products. Tirupati plans to use the funds for research and development and to fulfill its capital expenditure and working capital needs. In another development, Affirma… Read More
Global impacting investing firm Encourage Capital has reached a first close for Encourage Solar Finance with USD40 million in capital commitments. Investors in the fund include KfW, Capricorn Investment Group, the John D. and Catherine T. MacArthur Foundation, the Jeremy and Hannelore Grantham Environment Trust, and the Sant Foundation. The… Read More
Alternative asset managers Riverstone Holdings and Southern Cross Group (SCG), Mexico-listed Vista Oil & Gas, and individual investors have agreed to invest USD205 million to establish Aleph Midstream, an Argentina-based midstream oil and gas company. Riverstone, SCG, and the management teams of Vista and Aleph together will invest USD160 million… Read More
Africa- and Middle East-focused private equity firm SPE Capital Partners has invested MAD240 million (approximately USD25 million) in H&S Invest Holding, which operates Morocco-based logistics company Dislog Group. The company, which provides logistics and distribution services across the entire value chain, will utilize the funds to increase its warehousing capacity… Read More
Global private equity fund manager Warburg Pincus has reached a final close for Warburg Pincus China-Southeast Asia II with commitments of USD4.3 billion. Investors in the fund include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, funds of funds, family offices, and high-net-worth individuals. The fund… Read More
Poland-based telecom operator Play Communications has agreed to acquire a 100 percent stake in Poland-based telecom services provider 3S Group for EUR96 million (approximately USD109 million) from Central and Eastern Europe-focused private equity firm Enterprise Investors and the founders of 3S. Enterprise Investors acquired a 76 percent stake in 3S… Read More
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