Airtel Africa, a unit of India-based telecommunications group Bharti Airtel, has agreed to raise US$1.25 billion via new share subscriptions from a consortium of investors including global private equity fund manager Warburg Pincus, Singaporean sovereign wealth fund Temasek Holdings and corporate investors Singapore Telecommunications and SoftBank Group. Airtel Africa will… Read More
Pan-African private equity fund manager Development Partners International (DPI) has acquired an approximately 20 percent stake in Morocco-based Dolidol for US$30 million. Dolidol manufactures and distributes foam, mattress and bedding products in Morocco and Côte d’Ivoire. The company plans to partner with DPI to grow its business in West Africa. Read More
Brazil-based payments and financial technology company StoneCo has raised US$1.2 billion in its initial public offering (IPO) on NASDAQ. The offering included 46 million newly issued shares and a secondary offering of 5 million shares sold for US$24 per share. gStoneCo is backed by various investors, including private investment fund… Read More
India-based steel manufacturer JSW Steel has increased its stake in India-based minerals trading company Dolvi Minerals and Metals from 60 percent to 100 percent, acquiring stakes from existing investors including Standard Chartered Private Equity (SCPE) for INR1.09 billion (approximately US$15 million). Dolvi Minerals is a trader, wholesaler and retailer of… Read More
The Africa-focused private equity arm of banking and investment group Investec Asset Management has acquired a controlling stake in South Africa-based tertiary education provider Richfield Holdings. The company, which primarily operates under the Richfield Graduate Institute of Technology brand, has more than 20,000 enrolled students across 40 campuses in South… Read More
Global private equity fund manager Warburg Pincus has led a new financing round for Singapore-based customer relationship management (CRM) software provider Capillary Technologies. The company develops artificial intelligence-based consumer loyalty, engagement and analytics solutions for retailers in Asia and plans to use the funds primarily to expand its presence in… Read More
Global SME-focused impact investing firm SEAF has invested in Vietnam-based Dream Viet Education, an online education provider operating under the Kyna brand. SEAF, which invested through the SEAF Women’s Opportunity Fund, will partner with Kyna to expand the reach of its educational offerings in Vietnam. Separately, SEAF has invested in… Read More
Pan-African private equity fund manager AfricInvest has held a second close for Maghreb Private Equity IV with EUR172 million (approximately US$199 million) in capital commitments. New investors in the fund include OeEB, the Development Bank of Austria, and a South Africa-based fund of funds. Other investors include development finance institutions… Read More
Global alternative asset manager The Carlyle Group, along with its portfolio company Meinian Onehealth Healthcare Holdings, has invested in China-based clinical laboratory company Adicon Holding. The company operates 20 laboratories offering outsourced diagnostic testing services to more than 10,000 customers across 28 provinces in China. Carlyle invested through Carlyle Asia… Read More
China-based supply chain finance and technology company Linklogis has raised US$220 million in a Series C financing round led by Singaporean sovereign wealth fund GIC. Additional participants in the round include GLP, Skyworth, China Oceanwide and Welight Capital, as well as existing investors Bertelsmann Asia Investments, Tencent Holdings, CITIC Capital… Read More
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