Middle East-focused alternative investment firms NBK Capital Partners and Gulf Capital have invested in Jordan-based clothing manufacturer and distributor Classic Fashion Apparel. NBK invested through NBK Capital Partners Mezzanine Fund II, and Gulf Capital invested through Gulf Credit Opportunities Fund II. Classic Fashion Apparel will use the new funds to… Read More
ContaAzul, a Brazil-based developer of cloud accounting software for small companies, has raised approximately US$30 million in a Series D round led by investment firm Tiger Global Management. Endeavor Catalyst, the co-investment vehicle of global investment and entrepreneurship network Endeavor, also participated in the round. ContaAzul plans to use the… Read More
Central and Eastern Europe-focused private equity fund manager ARX Equity Partners has exited its investment in Czech Republic-based electric motor manufacturer VUES Brno to Moog, a US-based developer of aircraft, defense system and industrial machinery components, for EUR53 million (approximately US$65 million). ARX originally invested in VUES in 2006 and… Read More
India-focused private equity fund manager ChrysCapital has led an INR3.5 billion (approximately US$55 million) Series C round for India-based non-banking finance company Varthana. Existing investors—including emerging markets-focused venture capital fund manager Elevar Equity, private equity impact investor LGT Impact, philanthropic investment firm Omidyar Network and education-focused private equity firm Kaizen… Read More
Growth markets investor Actis has exited India-based renewable energy platform Ostro Energy to ReNew Power, an India-based clean energy-focused independent power producer. Canada Pension Plan Investment Board (CPPIB) has invested US$247 million in ReNew Power to support the acquisition of Ostro, bringing CPPIB’s total investment to date in ReNew Power… Read More
E-commerce and technology conglomerate Alibaba Group Holding has agreed to acquire a 57 percent stake in China-based online delivery and local services platform Ele.me. Alibaba and its affiliate Ant Small and Micro Financial Services currently own 43 percent of outstanding voting shares in the company. Exiting investors in Ele.me include… Read More
European technology-focused growth capital investor 3TS Capital Partners has exited Bulgaria-based enterprise analytics database developer MammothDB to MariaDB, a Finland-based database software provider. 3TS originally invested in MammothDB in 2015. Financial details of the transaction were not disclosed. Read More
Global technology-focused venture capital firm Trinity Ventures has led a US$70 Million Series B round comprising both equity and debt for emerging markets-focused mobile financial services provider Branch International. Alternative credit provider Victory Park, International Finance Corporation and venture capital investors Andreessen Horowitz and CreditEase FinTech Investment Fund also participated… Read More
Brazilian technology-focused fund manager Confrapar has led an investment in Brazil-based aerospace company ALTAVE through the Aerotec Fund. Latin America-focused alternative asset manager Bozano Investimentos and Brazil-focused venture capital firm Triaxis Capital also participated in the funding round through their joint early-stage venture capital fund Criatec II. ALTAVE, which manufactures… Read More
U.A.E.-based investment data platform MAGNiTT has raised US$1 million in a seed financing round led by global venture capital investor 500 Startups. Fund managers Middle East Venture Partners and KISP Ventures, Saudi Arabia-based professional services firm Financial Horizon Group and U.A.E.-based information technology group iNet also participated in the round. Read More
(default archive template)