China-focused private equity fund manager DCP Capital has reached a final close for its debut fund with USD2.5 billion in capital commitments, including USD500 million raised through a local RMB-denominated vehicle. Investors in the fund include sovereign wealth funds GIC, Temasek Holdings, and Abu Dhabi Investment Authority and pension funds… Read More
Brazil-based Grupo SBF, which operates sporting goods retail chain Centauro, has completed its initial public offering on the Novo Mercado segment of the Brazilian B3 stock exchange. The offering, inclusive of the greenshoe option, consisted of 62 million primary shares sold for BRL12.50 (approximately USD3.22) per share, generating gross proceeds… Read More
Africa-focused private credit fund manager Vantage Capital has exited its investment in South Africa-based mining services company Thebe Timrite. The company primarily provides timber-based support structures used in deep-level mining operations in South Africa. Vantage originally provided ZAR89 million (approximately USD8.7 million) in mezzanine financing to Thebe Timrite in 2013… Read More
MENA-focused venture capital fund manager Wamda Capital has led a Series A financing round totaling USD7.5 million for UAE-based eyewear e-commerce retailer eyewa. Other participants in the round include GS Shop, Equitrust, 500 Startups, and Faith Capital. eyewa, which sells contact lenses, sunglasses, and prescription glasses in the UAE and… Read More
Education-focused private equity fund manager Kaizen Private Equity and the Asian Development Bank (ADB) have agreed to invest PHP1.6 billion (approximately USD31 million) for a 20 percent stake in Philippines-based education company Phinma Education Holdings. Kaizen will invest through Kaizen Private Equity II. Phinma Education is a subsidiary of Philippines-listed… Read More
Africa-focused e-commerce retailer Jumia has raised USD196 million in its initial public offering on the New York Stock Exchange. Jumia sold 13.5 million American Depositary Shares (ADS) for USD14.50 per ADS, valuing the company at USD1.1 billion. The company is backed by German venture investor Rocket Internet, as well as… Read More
Brazil-focused special situations fund manager IG4 Capital Partners has reached a first close for IG4 Special Situations II with USD200 million in capital commitments. The fund, which is targeting USD400 million in total commitments, will seek restructuring and turnaround opportunities in Latin America and has already backed Opy Health, a… Read More
China-focused private credit fund manager Dignari Capital Partners has reached a final close for DCP China Credit Fund II with USD626 million in capital commitments. The fund will provide debt financing to China-based companies in complex and time-sensitive financial situations across various sectors. Read More
Horizon Capital, a private equity fund manager focused on investments in mid-cap companies in Ukraine and the neighboring region, has acquired a minority stake in Ukraine-based private health care services provider Dobrobut through Emerging Europe Growth Fund III. Dobrobut owns and operates a network of clinics and hospitals in the… Read More
India-focused alternative asset manager Steadview Capital Management has acquired a stake in India-based fantasy sports game developer Dream11 for a reported sum of USD60 million from existing investors Kalaari Capital, Multiples Alternate Asset Management, and Think Investments. Kalaari and Multiples originally invested in the company in 2015 and 2017, respectively,… Read More
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