China-focused venture capital fund manager MSA Capital (formerly known as Magic Stone Alternative Investment) has reached a first close for MSA China Fund II with USD197 million in capital commitments. The fund received commitments from 13 investors and is targeting a final close of USD250 million in total commitments. MSA… Read More
India-based e-commerce logistics platform Delhivery has raised USD395 million in a Series F funding round led by Japan-based technology and investment group SoftBank. Global alternative asset management firm The Carlyle Group and China-based conglomerate Fosun International also participated in the round, which reportedly values Delhivery at USD1.6 billion. SoftBank invested… Read More
Indonesia-based digital health services company Halodoc has raised USD65 million in a Series B funding round led by UOB Venture Management, the direct equities arm of Singapore-based financial services group United Overseas Bank. Other investors in the Series B include private equity fund manager Korea Investment Partners, China-based health care… Read More
West Africa-focused private equity fund manager Cauris Management has sold its stake in Togo-based Banque Populaire pour l’Epargne et le Crédit (BPEC) to African financial services company SUNU Group. Cauris originally invested in BPEC, which currently has 27 branches across Togo, in 2010 through Cauris Croissance and completed a follow-on… Read More
Accion Venture Lab, the seed-stage investment initiative of financial inclusion-focused investment firm Accion, has participated in the USD3 million Series A investment round for Destacame, a Chile-based personal financial management platform. Latin America-focused venture capital firms Fen Ventures and Mountain Nazca also participated. Destacame will use the new funds to… Read More
The Craftory, a permanent capital firm investing in early- and growth-stage consumer brands, has led an investment of USD30 million in NotCo, a Chile-based technology business that develops plant-based alternatives to animal-derived food products. Other participants in the funding round include Jeff Bezos’s family office Bezos Expeditions, Latin America-focused venture… Read More
Singapore-based artificial intelligence company ViSenze has raised USD20 million in a Series C funding round led by Asia-focused venture capital firm Gobi Ventures and Sonae IM, the technology investment arm of Sonae Group. Other participants in the round include existing investors Rakuten Ventures, WI Harper, Singapore Press Holdings Ventures, Raffles… Read More
Southeast Africa-focused private equity fund manager Inside Capital Partners has agreed to provide USD7.5 million in mezzanine financing to Sub-Saharan Africa-based hospitality chain Latitude Hotels Group. Inside Capital will invest from its first fund, Inside Equity Fund. Latitude Hotels Group, which operates three hotels in Malawi, Zambia, and Uganda, intends… Read More
Global private equity firm Bain Capital has acquired a majority stake in China-based data center developer and operator Xiamen Qinhuai Technology for CNY990 million (approximately USD146 million) from parent company NetScience Technology. The deal also reportedly includes an additional CNY300 million (approximately USD44 million) investment from three NetScience executives. Qinhuai… Read More
NBK Capital Partners, an alternative investment fund manager focused on the Middle East, North Africa, and Turkey, has acquired a 100 percent stake in Egypt-based private school King Integrated American School (KIAS). NBK executed the transaction through its portfolio company Kaumeya Language Schools, an Egypt-based international school network. Following the… Read More
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