NBK Capital, a subsidiary of the National Bank of Kuwait, has exited the stake held by the Kuwait Investment Opportunities Fund in Saudi Arabia-based health care group Elaj Medical Services (EMS) to a consortium of doctors. NBK originally invested in EMS, which owns and operates the Taiba Hospital in Kuwait,… Read More
Global growth markets investor Actis has partially exited its stake in India-listed infrastructure finance company IDFC for INR1.1 billion (approximately US$17 million). Actis sold approximately 21 million shares for INR53.15 (approximately US$0.80) per share. The firm originally invested in IDFC in 2010 and reportedly still holds an approximately 0.8% stake… Read More
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has acquired a 47 percent stake in POS Media Group, a Czech Republic-based provider of point-of-sale advertising and in-store communications solutions. The company plans to use the funds to expand its current portfolio of products and services and to enter new… Read More
Development finance institution and project developer Africa Finance Corporation will invest US$25 million in Egypt-based petrochemicals company Carbon Holdings. International Finance Corporation (IFC) and Middle East-focused alternative investment firm Gulf Capital have also made undisclosed commitments to the company. Carbon Holdings plans to use the funds to expand operations and… Read More
Development finance institutions CDC Group and International Finance Corporation (IFC) will invest up to US$35 million in Mauritius-based warehouse developer Africa Logistics Properties Holding (ALP), with CDC investing US$25 million and IFC investing US$10 million. Africa-focused investment firms Maris and Mbuyu Capital Partners will also participate, investing an additional US$8… Read More
Global alternative asset manager The Carlyle Group has sold its 8.2 percent stake in Bombay Stock Exchange-listed Edelweiss Financial Services for INR8.7 billion (approximately US$130 million). Carlyle, which originally invested in the company in 2011 through Carlyle Asia Growth Partners IV, sold approximately 68 million shares for INR127.37 (approximately US$1.91)… Read More
Singapore-based alternative investment manager Dymon Asia Capital has reached a first close for Southeast Asia-focused Dymon Asia Ventures I with US$20 million in capital commitments. Investors in the fund include Thailand-based Siam Commercial Bank, which invested through corporate venture capital arm Digital Ventures. The fund will focus on seed and… Read More
India-focused venture capital firm Pi Ventures has reached a first close for its debut fund with US$13 million in capital commitments. Investors in the fund include the Small Industries Development Bank of India, several Indian entrepreneurs and family offices in the United States, Canada, Singapore and India. The fund, which… Read More
Global private equity firm Advent International has agreed to acquire a significant minority stake in Brazil-based digital investment marketplace Easynvest. Advent will invest through its Brazil-focused holding company Nyx Participações. Easynvest offers online brokerage and investment services to retail investors and has more than 150,000 active users and more than… Read More
Venture capital firms IDG Ventures India, Axilor Ventures and Emergent Ventures and angel investment group Indian Angel Network have invested US$1.1 million in the seed round for India-based sales intelligence startup PipeCandy. The company, which offers data tracking services and industry-specific insights to sales representatives in retail and e-commerce firms,… Read More
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