The Wall Street Journal invites nonprofit and for-profit enterprises to enter The Financial Inclusion Challenge competition and to showcase their solutions to the problems of financial access for the poor in the Asia-Pacific region. The competition is part of an editorial initiative aimed at providing insight into the challenges and triumphs faced in… Read More
2016 Emerging Markets Private Capital Activity Dips Year-Over-Year Despite Upswings in Select Markets, Strategies and Sectors Highlights Include Turkey, Mexico, Nigeria, Private Credit, Venture Capital and Oil & Gas EMPEA’s just-released Year-End 2016 Industry Statistics reveal that emerging markets (“EM”) private capital fundraising and investment—inclusive of private equity, private infrastructure… Read More
Southeast Asia-focused venture capital firm Kejora Ventures has reached a first close for Kejora Star Capital II with US$21 million in capital commitments. Investors in the fund include Indonesia-based diversified industrials group Barito Pacific, Thailand-based conglomerate Charoen Pokphand Group and Germany-based Hubert Burda Media. The fund, which is targeting US$50… Read More
China-based Qiyi.com (also known as iQiyi), a video-streaming platform majority-owned by search engine operator Baidu, has raised US$1.53 billion through the issuance of convertible notes to private equity and venture capital firms Hillhouse Capital, IDG Capital, Boyu Capital, Run Liang Tai Fund, Sequoia Capital China and Everbright-IDG Industrial Fund, an… Read More
Central and Eastern Europe-focused private equity firm Mid Europa Partners has agreed to sell Poland-based convenience store chain Zabka Polska to global private investment firm CVC Capital Partners at a reported enterprise value of more than EUR1 billion (approximately US$ 1.1billion). Mid Europa, which originally acquired Zabka in 2011 at… Read More
India-focused private equity firm ChrysCapital Management has reached a final close for ChrysCapital VII with more than US$600 million in capital commitments. Investors in the fund include sovereign wealth fund Government of Singapore Investment Corporation (GIC), private equity fund of funds Asia Alternatives Management, Harvard Management Company, global insurance companies,… Read More
Venture capital firms Kejora Ventures and K2 Venture Capital have led a US$1.5 million seed round for Thailand-based fintech company MoneyTable. Individual investors Chatchaval Jiaravanon and Chualapayap Srikarnchana also participated in the round. MoneyTable plans to use the new capital for working capital and customer base expansion. … Read More
Sub-Saharan Africa-focused alternative asset management firm Capitalworks has agreed to acquire Aon’s shareholding in its African insurance brokerage and employee benefit operations in Angola, Kenya, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Tanzania, Uganda and Zambia. Financial details of the transaction, which is pending regulatory approval, were not disclosed. Once regulatory approval… Read More
Brazil-based digital credit platform Creditas has raised BRL60 million (approximately US$19 million) in equity and debt funding in a Series B round led by development finance institution International Finance Corporation (IFC), with participation from new investor Naspers Fintech and current shareholders Redpoint eVentures, KaszeK Ventures, QED Investors and Quona Capital. Read More
India-focused venture capital firm Orios Venture Partners has closed its second fund with US$75 million (approximately INR5 billion) in capital commitments. More than 80 percent of the fund’s corpus was raised from domestic investors. The fund will focus on seed and Series A investments in online consumer technology and software-as-a-service… Read More
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