Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, has sold its stake in Varthana, an India-based provider of specialized loans and support to private schools, to an undisclosed investor. Accion Venture Lab originally invested in Varthana in May 2013. Financial details of the transaction were not… Read More
Emerging markets specialist private equity investor LeapFrog Investments has partially exited its stake in IFMR Capital, an India-based provider of capital market access to financial institutions serving low-income consumers. The exit is part of a larger deal in which Eight Roads Ventures, the proprietary investment arm of United States-based Fidelity… Read More
FIR Capital BZPlan, a partnership between Brazil-focused private equity firms FIR Capital Partners and BZPlan, has partially exited Myreks, a Brazil-based online platform for recommending e-commerce products, through the sale of a 10 percent stake. The transaction was part of a larger deal in which Brazil-based corporate management solutions developer… Read More
American Capital Energy & Infrastructure (ACEI) has exited all of its energy investments, which comprise holdings in four companies: Nigeria-based Azura Power Holdings, Senegal-based Taiba Ndiaye Wind Project, Jamaica-based BMR Energy and Indonesia-based Ankora Hydro. Global growth markets investor Actis acquired ACEI’s stake in Azura, and Actis’s portfolio company Lekela… Read More
Adenia Partners, a private equity fund manager focused on growth capital investments and mid-cap buyouts in Sub-Saharan Africa, has reached a first close for Adenia Capital IV with EUR180 million (approximately US$199 million) in capital commitments. The fund, which is targeting EUR200 million (approximately US$221 million) in total commitments, will… Read More
Betta Pharmaceuticals, a China-based drug developer backed by Lilly Asia Ventures (LAV), Shenzhen Cowin Venture Capital and China Everbright, raised CNY720 million (approximately US$106 million) in its IPO on the Growth Enterprise Market Board of the Shenzhen Stock Exchange, selling 41 million shares for CNY17.57 (approximately US$2.59) per share. LAV,… Read More
Global growth equity firm General Atlantic has acquired an additional 3.38 percent stake in PNB Housing Finance, a Bombay Stock Exchange-listed loan provider, for INR5.01 billion (approximately US$75 million) following the company’s trading debut. General Atlantic first acquired shares worth US$7 million in the company as an anchor investor in… Read More
The European Bank for Reconstruction and Development (EBRD), along with Europe-focused venture capital firms RTA Ventures and Point Nine Capital, has participated in a EUR2.9 million (approximately US$3.2 million) Series A round for GoOpti, a Slovenia-based ride-sharing platform for shuttle bus services. In conjunction with the investment, the company also… Read More
Asset management and investment banking firm Alkhabeer Capital has acquired a majority stake in Saudi Arabia-based K-12 education provider the Rihab Al-Maarifa Company. The company plans to use the investment to improve efficiency and implement new programs in order to strengthen its position in the Saudi Arabian education market. Financial… Read More
Global private markets asset manager HarbourVest Partners has reached a final close for secondaries fund Dover Street IX with US$4.77 billion in capital commitments. The fund will focus on acquiring fund interests across different stages, geographies and investment years. Investors in the fund include corporations, pension funds, endowments, foundations and… Read More
(default archive template)