Asian Development Bank has appointed Sonali Tang as the head of its new branch in Singapore, which opened on 5 March 2020. In this new role, Sonali will focus on tackling climate change, financing and building quality infrastructure, pioneering innovation in development operations, and managing urbanization. Read… Read More
Nexxus Capital has exited Mexican taco franchise El Farolito via a sale to Mexican Stock Exchange-listed Grupo Gigante. The details of the transaction were not disclosed. Read more… Read More
Southeast Asia-based multinational agribusiness FKS Group has acquired a 51% stake in Brazilian sugar manufacturing company Tietê Agroindustrial from global asset manager Proterra Investment Partners which will retain 49%. Read more… Read More
China state-owned PE fund China Structural Reform Fund, Guoxin Capital, and CDH Investment co-led a USD190m Series A for Chinese electric vehicle charging operator Telaidian. Read more… Read More
CITIC Capital, CDH Investments, and Legend Capital have invested USD300m in China-based transportation service company SF Freight through a convertible note issue. If fully converted, the notes will give CITIC, CDH, and Legend stakes of 4%, 3%, and 3% respectively. Read more… Read More
A consortium of investors including SoftBank, Tencent, Hillhouse Capital, and Sequoia Capital China have invested a USD2.4b Series D+ for Chinese real-estate brokerage platform Beike Zhaofang. SoftBank previously invested USD1b in Chinese apartment rental platform Ziroom as part of its investment strategy to move into… Read More
Japan Post’s corporate venture arm led a USD26.4m investment in Singapore-based marketing technology startup AnyMind Group. Existing investor Mirai Creation Fund II also participated in the investment. Read more… Read More
Quona Capital closed its second fund with USD203m in commitments. The fund’s anchor investor, sponsor, and general partner is Accion and the capital will be used to target financial inclusion startups in emerging markets. Read more… Read More
International Finance Corporation is the lead arranger for a EUR303m (approximately USD337.7m) debt financing package for Atinkou, a natural gas-fired power project in Côte d’Ivoire. The African Development Bank (AfDB), the Dutch development finance institution FMO, Germany’s Deutsche Investitions und… Read More
Healthcare-focused private equity fund manager Quadria Capital has reached a final close for Quadria Capital Fund II with USD595m in commitments, surpassing its original target of USD400m. The fund will target South and Southeast Asia and investors include global asset managers, pension funds, sovereign… Read More
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