Southeast Asia-focused venture capital firm Gobi Partners has led a USD24 million investment in Indonesia-based low-cost financial services provider SuperAtom. Gobi invested through Meranti ASEAN Growth Fund. The company was incubated by and spun out of China-based, US-listed mobile internet company Cheetah Mobile, which also participated in SuperAtom’s latest funding… Read More
Global growth markets investor Actis has acquired the management rights to two funds previously managed by emerging markets-focused private equity fund manager The Abraaj Group. Actis will take over management of Abraaj Africa Fund II and Abraaj South East Asia Fund II. Actis had previously secured management rights to two… Read More
Chinese state-owned investment firm Jinan Industry Development Fund has led a CNY1.6 billion (approximately USD225 million) investment in China-based e-commerce platform Huimin. Other participants in the funding round include the company’s existing investors Fortune Venture Capital, GP Capital, China Renaissance, and Fosun International. Huimin operates an online-to-offline retail platform that… Read More
India-based IT services provider Prodapt Solutions has raised USD75 million from Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity. Affirma has taken a significant minority stake in the company, which offers end-to-end IT services to telecom and digital services providers… Read More
Africa-focused private equity fund manager Adenia Partners has been approved to acquire Kenya-based supermarket chain Quick Mart by the Competition Authority of Kenya. Investing through Adenia Fund IV, the firm previously acquired another Kenyan supermarket chain, Tumaini Self Service, in December 2018. Adenia plans to merge the operations of Quick… Read More
Global private investment firm Ardian and Chile-focused infrastructure investor CMB Prime have agreed to acquire a 33 percent stake in two Chilean toll road assets from global alternative asset manager Brookfield Asset Management. Ardian and CMB will acquire minority stakes in urban express highway Vespucio Norte Express and tunnel expressway… Read More
Global alternative investment manager KKR has acquired a majority stake in the India-based education services provider EuroKids International. Investing through its Asian Fund III, KKR purchased the stake from a consortium of existing investors led by India-focused mid-market private equity fund manager Gaja Capital. EuroKids operates schools and educational programs… Read More
Global private equity fund managers Warburg Pincus and General Atlantic, along with Dubai-based financial services group Emirates NBD Bank, have sold 100 million shares in UAE-based payment services provider Network International at GBP5.8 (approximately USD7) per share, returning GBP580 million (approximately USD706 million). Warburg Pincus and General Atlantic originally invested… Read More
The European Bank for Reconstruction and Development (EBRD) and Belarus-focused private equity fund manager Zubr Capital have agreed to invest in Mila, a Belarus-based retailer of personal and home care products owned by ParfumBytKhim Group. EBRD and Zubr will acquire a stake of up to 20 percent in Mila through… Read More
minu, a Mexico-based payments and payroll management company, has secured USD6.5 million in seed funding from a consortium of investors that includes QED Investors, Village Global, Next Billion Ventures, Mountain Nazca, and undisclosed angel investors. The company’s payments system provides workers with instant access to their earned wages, allowing them… Read More
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