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
India-focused private equity firm Parampara Capital and IDFC Alternatives, the alternative asset management arm of India-focused infrastructure financing company IDFC, have invested US$1 million in India-based cybersecurity company Data Resolve. Parampara and IDFC invested through their joint venture IDFC Parampara Early Stage Opportunities Fund. Data Resolve, which offers cybersecurity analytics… Read More
India-based intra-city logistics startup Blowhorn has raised US$3.65 million in Series A funding from IDG Ventures India, the Michael & Susan Dell Foundation and existing investors Draper Associates and Unitus Seed Fund, an impact investing affiliate of Unitus Group. The company, which connects customers with mini-truck owners for intra-city deliveries,… Read More
IDG Ventures India has reached a final close for IDG Ventures India Fund III with US$200 million in capital commitments. The fund will invest in India-based technology companies across the consumer internet, software, health technology and fintech sectors. Separately, IDG Ventures India and Aavishkaar Venture Management participated in India-based agriculture… Read More
Brookfield Asset Management has agreed to acquire 100 percent of outstanding shares of NASDAQ-listed, emerging markets-focused renewable power platform TerraForm Global for US$787 million in cash and the assumption of approximately US$455 million in net debt. TerraForm Global owns and operates, or has contracts to acquire, 31 wind and solar… Read More
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