Global investment management firms Hillhouse Capital and Warburg Pincus have led a Series C round of more than US$100 million for China-based bike sharing mobile application Mobike. Venture capital firms Sequoia Capital and Qiming Venture Partners also participated in the round. Mobike was launched in December 2015 and has an… Read More
Brazil-based pet-sitting marketplace DogHero has raised US$3.1 million in a new funding round led by Brazil-focused venture capital firm monashees+. DogHero previously raised seed capital in 2015 from Latin America-focused venture capital firm Kaszek Ventures. The company, which allows pet owners to find hosts willing to watch their pets, currently… Read More
West Africa-focused private equity fund manager Cauris Management has sold its stake in Côte d’Ivoire-based banking group Atlantic Business International (ABI) to Morocco-based credit institution Banque Centrale Populaire. Cauris originally invested in ABI through Cauris Croissance II and reportedly generated a 1.7x cash multiple at exit. Separately, Cauris has sold… Read More
Private equity advisory firm Jacob Ballas Capital India has partially exited its investment in India-based active pharmaceutical ingredients and chemicals maker Vivimed Labs, selling an 8 percent stake on the Bombay Stock Exchange. Jacob Ballas, which originally invested through Jacob Ballas India Fund III, sold 6.5 million shares for INR10… Read More
Global growth markets investor The Abraaj Group has acquired a minority stake in Mexico-based fashion footwear designer and retailer Capa de Ozono. Abraaj will work with the company to expand its network of stores and diversify its product categories and business lines. Financial details of the transaction were not disclosed. Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a majority stake in South Africa-based promotional products and clothing supplier Amrod. Carlyle will invest from Carlyle Sub-Saharan Africa Fund, while the three founders of Amrod will reinvest alongside Carlyle. Financial details of the transaction, which is expected to… Read More
Global Capital Management (GCM), the alternative asset management arm of Global Investment House, has sold its 93.27 percent stake in financial services provider Jordan Trade Facilities Company to Jordan-based Invest Bank for US$29 million. GCM originally acquired a majority stake in the company in 2008 through Global MENA Financial Assets,… Read More
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has acquired a majority stake in Ademat, a business services company in Côte d’Ivoire active in the power sector. Adenia invested through Adenia Capital (III). Ademat distributes, installs and maintains power devices, inverters,… Read More
China-focused private equity firm FountainVest has reached a final close for FountainVest China Capital Partners Fund III with US$2.1 billion in capital commitments. Investors in the fund, which was oversubscribed, include pension plans, sovereign wealth funds, insurance companies and other institutions from North America, Europe, Australia, the Middle East and… Read More
Global growth markets investor The Abraaj Group has agreed to sell an 80 percent stake in commercial aircraft maintenance, repair and overhaul facility manager Jordan Aircraft Maintenance to United Arab Emirates-based aerospace company Dubai Aerospace Enterprise. Financial details of the transaction were not disclosed. Read More
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