Global alternative asset manager Ares Management agreed to acquire a majority stake in Asia-focused credit and special situations fund manager SSG Capital for an undisclosed amount. The deal is expected to close by the third quarter of 2020. Read more»… Read More
Indian food app provider Zomato acquired Uber’s food delivery business in India in an all-stock transaction, giving Uber 9.99% ownership in Zomato. Read more»… Read More
US-based VC firm Five Elms Capital invested a USD30m Series A in South African field sales management app Skynamo. Read more»… Read More
Investment holding company Kuwait Projects Company (KIPCO) led a USD8.4m Series A in Dubai-based investment advisory platform Sarwa. The Dubai International Financial Center, Abu Dhabi Investment Office, Vision Ventures, Phoeanician Funds, and Mindshift Capital also participated in the round. Read more»… Read More
J.P. Morgan announced the creation of the J.P. Morgan Development Finance Institution (DFI) to expand its development-oriented financing activities in emerging markets. Read more»… Read More
Hong Kong-based Baring Private Equity Asia closed Fund VII with commitments of USD6.5b with the majority of the capital coming from pension funds and sovereign wealth funds. The Asia-focused fund will target health care, education, IT services & software, business services, financial services, consumer, and advanced manufacturing sectors. Read More
US- and Hong Kong-based venture fund Lever VC made an undisclosed pre-seed investment in TurtleTree Labs, a Singaporean company working with biotechnology to create the full nutritional content of milk. KBW Ventures and K2 Global participated in the round. Read more»… Read More
Greycroft and eVentures led a USD35m Series B in Flutterwave, a Nigerian payments fintech headquartered in California, with participation from Visa, Green Visor, CRE Venture Capital, Worldpay FIS, and Endeavor Catalyst. Flutterwave also signed commercial partnerships with Visa and FIS. Read more»… Read More
Kristal Advisors, which operates Singapore-based digital asset management platform Kristal.Al, has raised USD100m Series A round led by India-focused venture capital firm Chiratae Ventures and Desai Family Office. Read more»… Read More
The Sovereign Fund of Egypt (TSFE) and global growth market investor Actis have signed a memorandum of understanding (MOU) to help attract and steer private investment into Egypt and to cooperate in energy and infrastructure projects. The fund has a paid-in capital of EGP1b (USD63.5m). Read more»… Read More
(default archive template)