Frontier market investment firm CrossBoundary has reached a first close for CrossBoundary Energy Access, an Africa-focused project financing facility for power mini-grids, with US$16 million in capital commitments. Investors in the first close include the Rockefeller Foundation and family office Ceniarth. The facility has a blended finance structure and will… Read More
Global investment manager Colony Capital has agreed to acquire the Latin American private equity platform of global growth markets investor the Abraaj Group in partnership with the platform’s existing management. The platform, which currently manages more than US$500 million, will rebrand as Colony Latam Partners and its current senior management… Read More
Global private equity fund manager has agreed to acquire a 51 percent stake in Argentina-based payments company Prisma Medios de Pago from a group of 14 Argentine banks and global financial services provider Visa International. The company offers various point-of-sale, transaction processing and e-wallet services to merchants in Argentina and… Read More
India-based non-banking finance company Aye Finance has raised US$10 million via non-convertible debentures from impact investment fund manager responsAbility Investments and India-based lender Northern Arc Capital. Aye will use the proceeds to bolster its business loan offerings to micro-, small- and medium-sized enterprises in India. Read More
Global private equity fund manager Warburg Pincus has led a US$255-million Series D investment round for DaDa, a China-based K-12 online English language tutoring service. Existing investors TAL Education Company and Yonghua Capital also took part in the round. Separately, Warburg has led a Series C funding round, reportedly of… Read More
Global private investment firm Tiger Global Management has led a CNY300-million (approximately US$44 million) Series C funding round for China-based software developer GaiaWorks. Existing investors Warburg Pincus and Matrix Partners also participated in the round. GaiaWorks, which provides workforce management software and cloud services to manufacturing, retail and services companies… Read More
WayCool Foods, an India-based food distribution platform, has raised INR1.2 billion (approximately US$17 million) in equity and debt financing from private equity impact investor LGT Impact, India-based lenders Northern Arc Capital and Caspian and unnamed angel investors. The company will use the funds to expand operations across Southern and Western… Read More
Pan-European private equity firm Cinven has agreed to invest in Poland-based digital advertising company RTB House. Through the deal, Cinven plans to help RTB House expand its global customer base, develop its technology, pursue buy-and-build acquisition opportunities and implement business best practices. Financial details of the transaction, which is subject… Read More
South Korea-based commercial air carrier Air Premia has raised KRW40 billion (approximately US$36 million) from Neoplux, the investment arm of South Korea-based conglomerate Doosan Group, and Yuanta Investment, a U.S.- and Asia-focused asset management firm. Neoplux and Yuanta have reportedly committed KRW30 billion (US$27 million) and KRW10 billion (US$9 million),… Read More
India-focused venture capital firm Chiratae Ventures has sold a 36 percent stake in Vserv Digital Services, an India-based digital advertising company, to global hedge fund manager Maverick Capital. Vserv offers targeted mobile marketing solutions through its online platform. Chiratae first invested in the company in July 2011 through IDG Ventures… Read More
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