Central Africa-focused private equity firm XSML has invested in two separate Democratic Republic of the Congo-based companies: Institut Aurora, a nursery, primary and secondary education provider, and B.I.S., a generic pharmaceutical manufacturer. The transactions were structured through XSML’s African Rivers Fund. Institut Aurora plans to use the new capital to… Read More
Venture capital firms IDG Ventures India, Inventus Capital and Blume Ventures have invested US$6 million in a Series A round for India-based Caeruz Ventures, operator of HealthifyMe, a health and fitness mobile app. The company plans use the capital to improve its technology and further develop its digital coaching platform. Read More
Asia-focused alternative asset management firm Baring Private Equity Asia has agreed to acquire a 35 percent stake in Philippines-based business process outsourcing company TELUS International. The agreement values the company at approximately US$1 billion. With Baring Private Equity Asia’s support, TELUS International plans to expand its operations and invest further… Read More
Ant Financial, a China-based affiliate of e-commerce company Alibaba Group, has closed a US$4.5 billion Series B funding round at a reported enterprise valuation of close to US$60 billion. Investors in the round included China Investment Corporation’s affiliate CIC Capital and China Construction Bank’s subsidiary CCB Trust, as well as… Read More
Lenskart, an India-based eyewear manufacturer, distributor and retailer, has raised INR4 billion (approximately US$60 million) in a Series D round led by development finance institution International Finance Corporation (IFC). Additional investors in the round included private equity firms TPG Growth and Adveq Management, venture capital firm IDG Ventures India and… Read More
Global growth investor The Abraaj Group has exited its investment in Tunisia-based pharmaceutical company Unité de Fabrication de Médicaments (Unimed) through an initial public offering (IPO) on the Tunis Stock Exchange. The IPO was priced at TND11.8 (approximately US$5.91) per share, implying a market capitalization of TND300 million (approximately US$150… Read More
Latin America-focused private equity firm Southern Cross Group has agreed to acquire 100 percent of Petrobras Chile Distribución (PCD), the Chile-based distribution subsidiary of Brazilian state-owned oil company Petrobras, for approximately US$490 million. PCD owns 279 service stations, eight fuel distribution terminals, operations in 11 airports, one lubricants plant and… Read More
CDIB Capital, the international private equity arm of China Development Financial, has participated in a US$45 million investment in China-based integrated logistics and supply chain management service provider Best Logistics Technologies. Other co-investors in the round were not disclosed. Best Logistics plans to use the capital to expand core operations… Read More
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has backed Opham, a Madagascar-based pharmaceutical products wholesaler. The transaction was structured through Adenia Capital III. Development finance institution FMO and a family office also participated in the round. Financial details of the… Read More
India-focused private equity firm IDFC Alternatives has invested approximately US$70 million in a portfolio of operating solar and wind assets to kick-start the formation of an India-focused renewable energy platform. IDFC Alternatives will structure the platform similar to Highway Concessions One, its platform for managing road assets. The transaction is… Read More
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