China-focused growth capital fund manager Loyal Valley Capital has reached a final close of its second USD-denominated fund with USD465 million in commitments. Investors in the fund include Singaporean sovereign wealth fund GIC. The fund will focus on growth opportunities in domestic consumer brands, health care, specialty industrials, and financial… Read More
China-based data center operator Tenglong Group has secured RMB26 billion (approximately USD3.7 billion) in an investment round led by Morgan Stanley Private Equity Asia (MSPEA) and Chinese state-owned conglomerate China Nanshan Development Group. Additional investors include China-focused private equity investor Kaiyuan Capital, China-listed financier Haitong Unitrust International Leasing, and Huaneng… Read More
FinAccel, a Singapore-based fintech company operating in Indonesia under the Kredivo brand, has raised USD90 million in a Series C funding round led by Asia-focused venture capital fund manager Square Peg and Mirae Asset-Naver Asia Growth Fund, an investment vehicle established by global asset manager Mirae Asset Global Investments and… Read More
Global venture capital firm Accel Partners has reached a final close for its sixth India-focused fund with USD550 million in commitments. The fund will target seed and early-stage venture capital opportunities in sectors including food delivery, digital payments, e-commerce, agtech, education, insurance, logistics, health care, real estate, and manufacturing. Read More
LGT Lightstone, the impact investing arm of global bank and alternative investment fund manager LGT, has led a USD26 million Series B investment in Copia Global, a Kenya-based e-commerce company serving low-income and rural customers. Other participants in the funding round include Perivoli Innovations, ELEA, Endeavor Catalyst, and Goodwell Investments,… Read More
India-based health care platform PharmEasy has raised USD220 million in an investment round led by Singaporean sovereign wealth fund Temasek Holdings. Additional investors in the round, which reportedly values the company at USD700 million, include Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ); asset management group LGT;… Read More
Global venture capital fund manager Lightspeed Venture Partners has led an EUR128 million (approximately USD141 million) Series E funding round for Vinted, a Lithuania-based second-hand fashion e-commerce company. Additional investors in the round, which reportedly values the company at more than USD1 billion, include previous backers Sprints Capital, Insight Venture… Read More
China-focused private capital investors Primavera Capital Group and FountainVest Partners have acquired a 25 percent stake in China-listed retail pharmaceutical chain Laobaixing Pharmacy Chain (LBX) from global private equity fund manager EQT Partners for USD557 million. FountainVest China Capital Partners Fund III and Primavera Capital Fund III acquired a total… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners has agreed to invest in Akdital Holdings, a Morocco-based medical clinic operator, through Mediterrania Capital III. The group owns five multidisciplinary clinics with capacity for 550 beds in total and will use the new capital to support its expansion plans. Financial details… Read More
South Africa-focused alternative asset manager Ethos has agreed to recapitalize Brait, a South Africa- and Luxembourg-listed investment holding company, in partnership with the company’s existing shareholders. Ethos Private Equity Fund VII and Ethos’ listed vehicle Ethos Capital will invest ZAR1.35 billion (approximately USD91 million) in the company, with Fund VII… Read More
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