China-based investment holding company Tencent and Taiwan-based electronics manufacturer Foxconn have led a Series D round of more than US$175 million for India-based instant messaging application Hike. Other investors in the round included global investment firm Tiger Global Management, India-based conglomerate Bharti Enterprises and Japan-based telecommunications company Softbank. Hike was… Read More
China-based Meet You, a female social network and mobile application, has raised CNY1 billion (approximately US$151 million) in new financing from existing investors, including cross-border private equity firm Cathay Capital Private Equity and venture capital firms Matrix Partners and China Renaissance K2 Ventures. Meet You, which is operated by Xiamen… Read More
Energy focused private equity fund manager Kerogen Capital has reached a final close for its Kerogen Energy Fund II. The fund, together with its parallel funds and related co-investment funds, closed with capital commitments of US$830 million. Investors in the fund include endowments, foundations, pension funds, insurance companies, funds of… Read More
Belarus-focused fund manager Zubr Capital has completed a close for Zubr Capital Fund I with US$50 million in capital commitments. Development finance institution European Bank for Reconstruction and Development (EBRD) is the anchor investor of the fund and has committed US$12.5 million, an amount which may increase in the coming… Read More
West Africa-focused investment firm African Capital Alliance, Africa-focused private equity firm 8 Miles and development finance institution DEG have invested US$80 million for a minority stake in Nigeria-based biscuit manufacturer Beloxxi. DEG invested US$10 million in the round. The company will use the new capital to expand its capacity and… Read More
South Africa-focused private equity fund manager Kleoss Capital has acquired a minority stake in South Africa-based multi-brand food group Real Foods. Kleoss Capital invested through Kleoss Capital Fund I. Real Foods will use the new capital to execute its acquisition strategy in the natural foods industry. Financial details of the… Read More
India-focused private equity fund manager ICICI Venture has completed a partial exit of National Stock Exchange-listed recruitment and human resources company TeamLease, selling a block of 910,000 shares for INR1 billion (approximately US$15 million). ICICI Venture originally invested in TeamLease through India Advantage Fund Series 3. After the share sale,… Read More
Global private equity firm Advent International has agreed to acquire Brazil-based auto parts distributor Fortbras Group through its Latin American Private Equity Fund VI. The transaction, which is subject to regulatory approval and customary closing conditions, is expected to be completed in the third quarter of 2016. Financial terms of… Read More
Development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (IFC AMC), a wholly-owned subsidiary of IFC, have invested BRL125 million (approximately US$40 million) in Brazil-based water supply and wastewater treatment company Aegea Saneamento e Participações. Each investor contributed BRL62.5 million (approximately US$20 million), with IFC AMC investing… Read More
MENA-focused venture capital firm Wamda Capital has led a US$5 million financing round for Jordan-based online media producer Kharabeesh. Endeavor Catalyst, the philanthropically-funded co-investment vehicle of global investment and entrepreneurship network Endeavor, and seed investor DASH Ventures also participated in the round. Kharabeesh will use the new capital to expand… Read More
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