Edelweiss Alternative Asset Advisors, an arm of India-based financial group Edelweiss, has reached a first close for Edelweiss Infrastructure Yield Plus Fund with INR20 billion (approximately US$297 million) in capital commitments. Investors in the fund include India-based institutions, family offices and high-net worth individuals, as well as several international investors. Read More
Global investment manager KKR has fully exited India-listed non-banking financial company Magma Fincorp, selling 13 million shares for INR2.15 billion (approximately US$32 million) on the National Stock Exchange of India. KKR originally acquired a 15 percent stake in Magma Fincorp for INR2.4 billion (approximately US$52 million) in May 2011. Separately,… Read More
Global private equity fund manager EQT has reached a final close for EQT Mid Market Asia III with US$800 million in capital commitments. Investors in the fund include pension funds, insurance companies and funds of funds. The fund seeks to make control or co-control investments in health care, services, TMT… Read More
Walmart has agreed to acquire a 77 percent stake in India-based e-commerce company Flipkart for US$16 billion, valuing the company at approximately US$21 billion. The deal includes US$2 billion in new equity funding, as well as a US$14 billion secondary acquisition of shares from investors including the SoftBank Vision Fund… Read More
Global alternative asset manager The Carlyle Group has sold a 4.8 percent stake in India-listed PNB Housing Finance, representing 80 million shares, for INR10 billion (approximately US$152 million) via block trades on the Bombay Stock Exchange and National Stock Exchange of India. Concurrently, PNB’s existing investor General Atlantic acquired shares… Read More
Middle East- and Africa-focused alternative investment firm Gulf Capital has acquired a stake in Saudi Arabia-based electronic payment solutions provider Geidea for a total transaction value exceeding SAR1 billion (approximately US$266 million). Geidea has branches in Jeddah, Dammam, Abha and Tabouk, as well as 35 maintenance centers across the country… Read More
South Africa-based food, beverage and household products manufacturer Libstar Holdings has raised ZAR3 billion (approximately US$237 million) in its initial public offering on the Johannesburg Stock Exchange. The offering, which priced at ZAR12.50 (approximately US$1) per share, included a ZAR1.5 billion (approximately US$119 million) primary offering and a ZAR1.5 billion… Read More
Vivo Energy, an Africa-focused retailer and marketer of Shell-branded fuels and lubricants, has raised GBP548 million (approximately US$744 million) through its initial public offering (IPO) on the London Stock Exchange. Vivo’s existing investors sold 332 million shares at GBP1.65 (approximately US$2.24) per share, valuing the company at GBP1.98 billion (approximately… Read More
A group of investors led by global alternative asset managers The Carlyle Group and TPG has agreed to invest US$1.9 billion in the financial services group of China-based Nasdaq-listed technology conglomerate Baidu. The group has subsequently been renamed as Du Xiaoman Financial. Other participants in the funding round include China-based… Read More
Africa-focused mezzanine fund manager Vantage Capital has invested US$8 million in Rosslyn Riviera Shopping Mall, a retail center located in Nairobi, Kenya. Rosslyn Riviera’s tenants include Chandarana Supermarkets, Java House, News Café and Nairobi Hospital. Vantage invested through Vantage Mezzanine III. Read More
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