Global private equity firm Warburg Pincus has invested INR5 billion (approximately US$77 million) in India-based jewelry retailer Kalyan Jewellers. The company operates 106 outlets in South Asia and the Middle East and plans to use the funds to expand its geographic presence and develop an e-commerce segment. Warburg previously invested… Read More
Pan-emerging markets private equity fund manager Capital Group Private Markets has acquired a 3 percent stake in India-based Intas Pharmaceuticals from India-focused private equity firm ChrysCapital for a reported US$107 million. ChrysCapital, which will retain a 3 percent stake in the company, originally invested in Intas in 2006 through ChrysCapital… Read More
Global investment firm KKR has agreed to invest US$250 million in Vietnam-based Masan Group, a diversified industrial group with business lines in food and beverage, financial services and natural resources. The transaction includes US$100 million to purchase shares in Masan Group owned by Vietnam-focused private equity firm PENM Partners and… Read More
India-focused private equity firm Gaja Capital Partners has partially exited India-based educational services and skills training company CL Educate via the company’s IPO on the Bombay Stock Exchange and National Stock Exchange, which raised INR2.4 billion (approximately US$37 million) at an offer price of INR502 (approximately US$7.73) per share. Gaja… Read More
China-focused venture capital firm Morningside Venture Capital has reached a final close for its first RMB fund with CNY1 billion (approximately US$145 million) in capital commitments. Investors in the fund include Gopher Asset Management, CICC Qiyuan National New Industry Venture Capital Guidance Fund, Suzhou Guochuang Kaiyuan Fund, Huatai Merchants Capital… Read More
Global growth markets investor Actis has acquired a 44.4 percent stake in Malaysia-listed payments company GHL Systems for a reported MYR290 million (approximately US$66 million) from South- and Southeast Asia-focused private equity firm Creador and Simon Loh, executive vice-chairman of GHL. Actis also extended a mandatory takeover offer for the… Read More
True North, an India-focused private equity firm formerly known as India Value Fund Advisors, has agreed to invest US$200 million for a 40 percent stake in India-based hospital chain Kerala Institute of Medical Services (KIMS). The deal will provide an exit to India-focused private equity firm Ascent Capital and health… Read More
Brazil-focused venture capital firm DOMO Invest has reportedly raised BRL100 million (approximately US$32 million) for its debut fund. Investors in the fund include Brazil-based family offices. The fund will target seed-stage companies in the technology sector in Brazil. Read More
Global e-commerce and technology company Amazon has agreed to acquire United Arab Emirates-based online retailer SOUQ.com from various investors including Tiger Global Management, Naspers, International Finance Corporation (IFC), Standard Chartered Private Equity (SCPE) and Baillie Gifford. SOUQ.com is an online retail and marketplace platform focused on the Arab world, with… Read More
Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, has led a US$1.25 million seed round for Nigeria-based fintech company Lidya. Impact investor Newid Capital and several angel investors also participated in the round. Lidya operates a digital platform that facilitates access to finance for small- and… Read More
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