Ethiopia-focused fund manager Cepheus Growth Capital Partners has acquired a minority stake in Tabor Ceramics Products, an Ethiopia-based ceramic products manufacturer. The company, which produces tiles, sanitary ware, tableware, and ceramic insulators, will use the equity investment to expand production and launch a new product line. Financial details of the… Read More
Brazil-based e-commerce software company VTEX has secured BRL580 million (approximately USD138 million) in funding from Japan-based technology and investment conglomerate SoftBank and Latin America-focused asset managers Gávea Investimentos and Constellation Asset Management. SoftBank will reportedly complete the investment through its Latin America-focused fund. VTEX provides a centralized platform for businesses… Read More
China-focused investors Ping An Capital, Primavera Capital, and Junqian Management have agreed to acquire a 51 percent stake in China-based dairy products producer Junlebao for CNY4 billion (approximately USD569 million) from parent company China Mengniu Dairy. Junlebao, which operates 17 production plants and 10 ranches, primarily produces milk powder, low-temperature… Read More
United States- and Latin America-focused private equity firm ACON Investments has held a first close for ACON Latin America Opportunities Fund V with USD253 million in commitments. The firm, which raised approximately USD668 million for its fourth fund in 2014, is targeting USD600 million in total commitments for the new… Read More
Tulip Diagnostics, an India-based reproductive health diagnostics company, has acquired India-based diagnostics device manufacturer Biosense Technologies, facilitating an exit for Asia-focused venture capital impact investors Insitor Partners and Menterra Venutures. Biosense produces affordable point-of-care diagnostic products for the screening, diagnosis, and management of chronic diseases. Insitor and Menterra originally invested… Read More
Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity (SCPE), has exited Bombay Stock Exchange-listed media services provider Prime Focus to Singapore-based investor Augusta Investments. Affirma, which originally invested in the company through SCPE in 2012, sold 29 million shares representing… Read More
India-based e-commerce company WMall has raised INR640 million (approximately USD9 million) in a Series B funding round from India-focused venture capital firms Chiratae Ventures, SAIF Partners, and Venture Highway (also known as VH Capital). The platform, which primarily offers kitchen, beauty, clothing, and home decor products, aims to introduce women… Read More
Global alternative asset management firm The Carlyle Group has completed a partial exit of Bombay Stock Exchange-listed life insurance company SBI Life Insurance, selling 30 million shares representing a 3 percent stake for INR938.83 (approximately USD13) per share and retuning INR28.2 billion (USD392 million). Carlyle acquired a 9.2 percent stake… Read More
Global private equity fund manager Advent International has agreed to acquire a majority stake in India-based biopharmaceutical company Bharat Serums and Vaccines. Advent will acquire Bharat Serums from alternative investment firms OrbiMed Advisors and Kotak Private Equity, as well as the Daftary Family, which founded Bharat Serums in 1971. Kotak… Read More
Nigeria-based mobile payments company OPay has raised a USD120 million Series B funding round from China-based e-commerce company Meituan-Dianping and private equity and venture capital firms IDG Capital, Sequoia Capital, Source Code Capital, GSR Ventures, Gaorong Capital, Redpoint Ventures, Softbank Ventures Asia, and Bertelsmann Asia Investments. OPay intends to use… Read More
(default archive template)