BOV Capital, a Sri Lanka-focused venture capital firm, has reached an initial close for its first fund with INR300 million (approximately US$4.5 million) in capital commitments. Investors in the fund, which has an INR1 billion (approximately US$14.9 million) target, include a number of Indian high net-worth individuals and additional investors… Read More
China-focused investment firm IDG Capital Partners has reached a final close for IDG Capital Fund III with US$1 billion in capital commitments. The fund, which was raised in partnership with United States-based venture capital investor Breyer Capital, will focus on investing in technology, media and telecommunications, health care, energy and… Read More
FIR Capital BZPlan, a partnership between Brazil-focused private equity firms FIR Capital Partners and BZPlan, has sold its stake in Brazil-based freight management company Axado to Argentina-based e-commerce company Mercado Libre for BRL26 million (approximately US$7.9 million). FIR Capital BZPlan originally invested in the company in 2013 in a transaction… Read More
Vietnam-focused private equity firm Mekong Capital has invested US$6.9 million in Vietnam-based restaurant chain Wrap & Roll. The transaction was structured through Mekong Enterprise Fund III. Wrap & Roll, which currently operates 11 restaurants in Vietnam and four franchise locations in Singapore, plans to work with Mekong to grow internationally. Read More
Brookfield Asset Management has reached a final close for Brookfield Infrastructure Fund III with US$14 billion in capital commitments. Investors in the fund include public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices, as well as Brookfield itself, which committed US$4 billion. The fund… Read More
China Logistics Property Holdings, which is backed by global alternative asset manager The Carlyle Group and Asia-focused private equity firm RRJ Capital, has completed an initial public offering (IPO) on the Hong Kong Stock Exchange, raising approximately HKD3.4 billion (approximately US$434 million). The company will use approximately 15 percent the… Read More
IDG Ventures India and philanthropic investment firm Omidyar Network have led a US$5 million Series A venture capital round for India-based Rejuvenate Solutions, operator of on-demand home services platform Zimmber. Existing investors Aarin Capital and Sherpalo Ventures also participated in the round. The company will use the fresh capital for… Read More
ARX Equity Partners, a private equity fund manager focused on mid-sized companies in Central Europe, has reached a first close for ARX CEE IV at EUR54 million (approximately US$60 million), with total subscribed commitments of EUR66 million (approximately US$73 million). Investors in the fund included the development finance institution European… Read More
Pan-African mezzanine fund manager Vantage Capital has provided a ZAR200 million (approximately US$13.6 million) expansion capital facility to South Africa-based investment company New GX Capital. The transaction was structured through Vantage Mezzanine Fund III. New GX Capital will use the new financing for additional investments in the telecommunications infrastructure, energy,… Read More
WDB Investment Holdings, a South Africa-focused private investor focused on women’s empowerment, and Grovest, a South Africa-focused venture capital company, have acquired a 57.5 percent stake in South Africa-based Seed Engine, a company that offers training, support and funding mechanisms to startups. WDB and Grovest acquired 30 percent and 27.5… Read More
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