Mexico-focused private equity fund manager Nexxus Capital has agreed to invest in Mexico-based Translatum Holding, a holding company to develop a fintech payments platform. TransNetwork, the first component of Translatum, is a company in the business-to-business (B2B) electronic domestic and cross-border processing and payments industry. Nexxus will invest through Nexxus… Read More
The Brascan Petroleum, Gas and Energy Fund (FIP Brascan), which is advised by Brookfield Asset Management subsidiary BRKB, has exited a 29.2 percent stake in Brazil-based oil and gas exploration and production company Brasoil to PetroRio, which now holds a 52.4 percent stake in the company. Financial terms of the… Read More
Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, has sold its stake in United States- and Mexico-based digital payment solutions provider Clip to an undisclosed buyer. Accion Venture Lab originally invested in Clip in February 2013. Financial details of the transaction were not disclosed. Read More
Global private investment firm TPG and Goldman Sachs have led an AUD400 million (approximately US$306 million) funding round for Singapore-based data center provider AirTrunk. Approximately 60 percent of the investment is equity and the rest is debt. Netherlands-based ING Bank and France-based bank Natixis provided a senior debt facility. TPG… Read More
Korea-focused private equity firm VIG Partners has reached a final close for its third Korea-focused fund with US$600 million in capital commitments. Investors in the fund include banks, family offices, insurance companies, funds of funds and pension funds from Europe, North America and Asia, including Korea’s National Pension Service, which… Read More
Venture capital firm Accel Partners has led a Series A round of INR388 million (approximately US$5.8 million) for India-based medical technology startup SigTuple Technologies, with participation from venture capital firms IDG Ventures India, Endiya Partners, pi Ventures, VH Capital and Axilor Ventures and a number of angel investors. SigTuple plans… Read More
Global private equity firm Warburg Pincus has led a US$100 million Series D round for Yunniao.me, a China-based online-to-offline courier service. Existing investors Matrix Partners and GSR Ventures also participated in the round. Yunniao plans to use the new capital for technology development, service quality improvement and geographic expansion. … Read More
India-focused private equity fund manager Lighthouse Funds has fully exited its stake in cookies maker Unibic Foods India to India-focused private equity firm Peepul Capital. Peepul, which was a majority shareholder in the company prior to the transaction, increased its stake in the company to 97.6 percent through the investment. Read More
Brazil-focused private equity firm Gávea Investimentos sold shares worth BRL690 million (approximately US$221 million) in Brazil-based medical laboratory Instituto Hermes Pardini in the company’s IPO on Novo Mercado, a segment of BM&F BOVESPA. Gávea originally acquired a 30 percent stake in the company in 2011 through GIF IV. Read More
Africa-focused private equity firm Development Partners International (DPI) has sold its 27.7 percent stake in Ghana-listed CAL Bank to Arise, a financial services investment company backed by major shareholders are development finance institutions Norfund and FMO and financial services group Rabobank. DPI originally invested in CAL Bank in 2012 through… Read More
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