India-focused venture capital firm Lightbox Ventures has closed an expansion fund with approximately US$54 million in commitments. Investors in the fund include endowments, pension funds, funds of funds and family offices. The fund will invest in Lightbox’s existing portfolio companies, supporting their further growth. … Read More
Growth markets investor Actis and investment management firm Mesoamerica have sold their 100 percent stake in Costa Rica-based renewable energy company Globeleq Mesoamerica Energy (GME) to Guatemala-based conglomerate Corporacion Multi Inversiones. Actis originally acquired a 70 percent stake in GME in 2010. GME has an operating capacity footprint of 394… Read More
Cross-border private equity firm Cathay Capital Private Equity and China-focused venture capital firm Fortune Venture Capital have led a CNY400 million (approximately US$58 million) Series D round for China-based smartphone and consumer electronics recycling company Aihuishou. Early-stage venture capital firm Morningside Ventures and other existing investors also participated in the… Read More
Central Europe-focused private equity firm Value4Capital (V4C) has exited its entire 36 percent stake in Romania-based private health care services company MedLife for RON189 million (approximately US$43 million) via an initial public offering on the Bucharest Stock Exchange. V4C, which originally invested in MedLife in 2009, reportedly generated a 2x… Read More
Brookfield Asset Management has agreed to acquire a 100 percent interest in the tower assets of India-based telecommunications provider Reliance Communications for INR110 billion (approximately US$1.6 billion). Brookfield will invest through NYSE- and TSX-listed Brookfield Infrastructure Partners. The transaction is subject to regulatory and shareholder approval. Read More
Private equity investment advisory firm Tridevi Capital has agreed to invest US$20 million in Prabha Energy (PEPL), a subsidiary of Bombay Stock Exchange- and National Stock Exchange-listed oil and gas exploration company Deep Industries. Tridevi made the investment through a subscription of compulsorily convertible debentures, which will represent a 40… Read More
Middle East and North Africa-focused private equity fund manager EuroMena has reached a final close for EuroMena III with US$150 million in capital commitments. Investors include development finance institutions European Investment Bank, CDC, DEG, Proparco and International Finance Corporation. CDC committed US$20 million. The fund will extend EuroMena's geographic focus… Read More
India-focused private equity firm Kedaara Capital has agreed to invest INR4.3 billion (approximately US$63 million) for a minority stake in India-based medical diagnostic chain Vijaya Diagnostic Centre. Vijaya provides diagnostic services spanning radiology, imaging, nuclear medicine, conventional and specialty laboratory services and diagnostic cardiology. The company operates 30 locations in… Read More
German development finance institution DEG has arranged EUR66 million (approximately US$69 million) in debt financing for Turkey-based household goods and hygienic products manufacturer Hayat Kimya Sanaki. Co-financers include emerging markets-focused private credit fund manager Cordiant Capital, the Development Bank of Austria (OeEB) and the Black Sea Trade and Development Bank… Read More
China-focused private investment firm Primavera Capital Group has reached a final close for its second U.S. dollar-denominated China-focused fund with US$1.9 billion in commitments, surpassing its US$1.5 billion target. Investors in the fund include Pennsylvania State Employee’s Retirement System, Taiwan Semiconductor Manufacturing, the Second Swedish National Pension Fund, China-based Taikang… Read More
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