Brookfield Asset Management, a global alternative investment manager, has reportedly acquired two wind farms from India-based renewable energy company Axis Energy Ventures for INR5 billion (approximately USD72 million). The wind farms have a combined generation capacity of 210 megawatts. Read More
India-based health and fitness startup CureFit Healthcare has raised USD120 million in a Series D funding round led by existing backers Chiratae Ventures, Accel, Kalaari Capital, and Oaktree Capital. New investors Epiq Capital, Unilever Ventures, InnoVen Capital, and Kotak Mahindra Bank also participated in the round. CureFit intends to use… Read More
Russia- and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a 5 percent stake in Tealsy, a Russia-based online grocery wholesale marketplace. Tealsy’s founder, Andrey Krivenko, also founded Russia-based grocery store chain VkusVill, in which Baring Vostok holds a 12 percent stake. Financial details of the transaction… Read More
Global private markets asset manager HarbourVest has raised USD500 million in capital commitments via the listing of a Certificado de Proyectos de Inversión (CERPI) on the Mexican Stock Exchange (BMV). The CERPI, listed under the ticker symbol HV2PI 19D, will primarily invest in HarbourVest’s global primary and secondary co-investment funds. Read More
Global private equity fund manager Warburg Pincus has sold a 3.2 percent stake in India-listed insurance company ICICI Lombard General Insurance. Warburg sold approximately 14 million shares for INR1,100 (USD16) per share, returning INR15.8 billion (approximately USD 227 million). Warburg, which originally invested in ICICI Lombard in 2017, still holds… Read More
Download press release NEW EMPEA REPORT HIGHLIGHTS GROWING IMPACT OF PRIVATE CREDIT INVESTMENTS IN EMERGING MARKETS Washington, DC, 15 May 2019: A new report, released today by EMPEA at the IFC’s 21st annual Global Private Equity Conference in association with EMPEA, takes a deep… Read More
More than half of surveyed limited partners (LPs) plan to commit more capital to emerging market private equity (EM PE) in the next two years, the first time the rate has surpassed 50% since 2014. This note of optimism highlights EMPEA’s new Global Limited Partners Survey, which… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings, has acquired Huangzhou UCO Cosmetics, a provider of digital marketing and e-commerce services to the beauty and personal care sector in China. The company, which focuses on global beauty brands seeking a presence in China, will partner with CITIC… Read More
India-focused venture capital fund manager Omnivore has reached a final close for Omnivore Partners India Fund 2 with USD97 million in capital commitments. Investors in the fund include BASF Venture Capital, KfW, DGGF, CDC, SIDBI, AXA Investment Managers, FMO, SIFEM, BIO, the Rockefeller Foundation, Ceniarth, Mistletoe, Sonanz, RBL Bank, and… Read More
Pan-African financial services provider Oragroup has officially debuted on the West Africa-focused Bourse Régionale des Valeurs Mobilières (BRVM) following the conclusion of the company’s initial public offering. Oragroup sold 6.1 million new shares in the offering while current shareholders sold 7.8 million existing shares at a price of XOF4,100 (approximately… Read More
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