CITIC Capital Partners, the private equity arm of CITIC Capital, has led a Series B round of CNY100 million (approximately US$14.6 million) for China-based fintech company Samoyed Financial. Yonghua Capital, an investment firm of China-based financial services group Yonjiin Group, also participated in the round. Founded in 2015, Samoyed provides… Read More
Global growth markets investor The Abraaj Group has acquired a majority stake in Chile-based home design and decorations company Casaideas. The company currently operates over 50 stores in Chile, Peru and Bolivia, and it will focus on expanding product availability through the launch of an e-commerce platform. Financial details of… Read More
Global private equity firm Warburg Pincus has acquired a 14 percent stake in National Stock Exchange- and Bombay Stock Exchange-listed cinema multiplex operator PVR for approximately INR8.2 billion (approximately US$120 million). Warburg Pincus acquired the stake from affiliates of India-focused private equity firm Multiples Alternate Asset Management (Multiples PE) and… Read More
India-focused venture capital firm Nexus Venture Partners has led a Series A round of US$5 million for India-based managed accommodations platform Zolo. The funding round also included venture debt from Asia-focused venture lending firm InnoVen Capital. Zolo plans to use the funds to increase its number of beds under management… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a 49.9 percent stake in South Africa-based emerging markets-focused credit rating agency Global Credit Ratings. The company serves customers across 20 countries, focusing on insurance, financial institutions, corporate and public sector entities and structured finance. Carlyle will invest through… Read More
Global private investment firm TPG and China-focused investment firms Jeneration Capital and China Vision Capital have led an investment of US$500 million in China-based used-car trading platform Uxin. Other investors in the round include Warburg Pincus, KKR, Tiger Global Management, Hillhouse Capital, Huasheng Capital and an investment fund managed by… Read More
North Africa-focused private equity firm CDG Capital Private Equity has exited Morocco-based regional outsourcing company Intelcia via sale to Netherlands-based telecommunications company Altice Group for a reported 4.6x return multiple. CDG capital originally invested in Intelcia in 2010. Financial details of the transaction were not disclosed. Read More
Pan-African private equity firm AfricInvest and France-based investment bank Bpifrance have launched the French African Fund with EUR77 million (approximately US$82 million) in capital commitments. The fund will invest in small and medium-sized enterprises in both Africa and France, assisting African companies with their expansion into France and the European… Read More
Investec Equity Partners, the principal investments division of Investec Asset Management, has acquired South Africa-based industrial lime producer iDwala Industrial Holdings from South Africa-based investors Ethos Private Equity, Kagiso Tiso Holdings and Old Mutual Private Equity. Investec reportedly completed the acquisition in December 2016. Financial details of the transaction were… Read More
Finansa Fund Management (FFM), a wholly-owned subsidiary of Thailand-based financial services and investment firm Finansa, has agreed to invest THB237 million (approximately US$6.6 million) in Thailand-based household and personal care products manufacturer NEO Corporate. FFM will invest via a loan with a five-year term that is exchangeable into shares of… Read More
(default archive template)