South Africa-based payment solutions provider Yoco has raised a Series A round from financial services-focused investors Quona Capital and Velocity Capital Private Equity. Yoco plans to use the new capital to grow its product offering and South African footprint, as well as penetrate new markets in East Africa and West… Read More
Quona Capital, a venture capital firm focused on inclusive finance in emerging markets, has reached a final close for the Accion Frontier Inclusion Fund with US$141 million in capital commitments. Investors in the fund, which is anchored and sponsored by financial inclusion-focused investor Accion, include global insurance companies, investment banks,… Read More
Alibaba Group Holding and Asia-focused private equity and venture capital firm SAIF Partners have invested US$200 million in Paytm E-Commerce, an online consumer marketplace subsidiary of India-based mobile internet company One97 Communications. Alibaba acquired a 36.31 percent stake for US$177 million, while SAIF Partners acquired a 4.66 percent stake for… Read More
China-focused food and agribusiness specialist investor Beijing Hosen Investment Management has reached a final close for Hosen Fund III with US$440 million in capital commitments. Investors in the fund include institutions from the United States, Europe, the Middle East and Asia. Hosen invests in mid-market food and agribusiness companies that… Read More
Nigeria-focused private equity firms Sahel Capital and CardinalStone Capital Advisers have agreed to invest in Nigeria-based food producer Crest Agro Products. Sahel Capital will invest through the Fund for Agricultural Finance in Nigeria (FAFIN). Crest Agro, an integrated cassava producer with 13,000 hectares of land for farming, plans to use… Read More
Private investment firm DST Global has reportedly led a US$450 million Series D round for China-based bike-sharing company Ofo. CITIC Private Equity Funds Management, ride-hailing app operator Didi Chuxing, alternative asset manager Coatue Management, venture capital firms Atomico and Matrix Partners and China-based conglomerate Macrolink Group also participated in the… Read More
Development finance institution IFC and the IFC Global Infrastructure Fund (GIF), a fund managed by IFC Asset Management Company, have invested US$100 million in Orazul Energy Partners. Orazul is an affiliate of Orazul Energy Holdings, an energy platform in Latin America established by global infrastructure investment manager I Squared Capital… Read More
Global private equity firm Providence Equity Partners has exited its 3.3 percent stake in India-based mobile operator Idea Cellular on the Bombay Stock Exchange for INR1.29 billion (approximately US$193 million). Providence sold 120 million shares for INR107.32 per share. Providence originally acquired a 15 percent stake in 2006 for INR1.8… Read More
Growth markets investor Actis has reached a final close for Actis Energy 4 with US$2.75 billion in capital commitments. Investors in the fund include pension funds, insurance companies, endowments and sovereign wealth funds. The fund will invest in select countries in Latin America, Africa and Asia, targeting control investments in… Read More
India-focused private equity firm True North (formerly known as India Value Fund Advisors) has reportedly agreed to acquire a majority stake in India-based mortgage lender Home First Finance Company (HFFC) for approximately US$100 million. The investment will include both a secondary sale by existing shareholders and an issuance of new… Read More
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