Middle East- and Asia-focused private equity firm Fajr Capital has acquired Cravia Group, a United Arab Emirates-based food and beverage company with a presence in Bahrain, Saudi Arabia and Qatar. The company operates franchises including: Zaatar w Zeit, Cinnabon, Seattle's Best Coffee, Carvel and Five Guys. The company plans to… Read More
Global alternative asset manager The Carlyle Group has invested in Mazarine Energy, an upstream oil and gas company with existing assets in Tunisia. Carlyle will also grant Mazarine Energy access to an equity line of up to US$500 million to fund future bolt-on acquisitions, focusing on conventional exploration, development and… Read More
Properati, an Argentina-based online and mobile platform for the Latin American real estate market, has received a US$2 million investment from venture capital firm NEVEQ Capital Partners, accelerator and seed fund NXTP Labs and private company Telor International. NEVEQ structured its contribution through NEVEQ II. Properati plans to use the… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital, has agreed to sell its entire 67.1 percent stake in Hong Kong-based packaging materials company Tri-Wall Holdings to Japan-based packaging manufacturer Rengo for a reported US$222 million. CITIC originally invested in Tri-Wall in a transaction structured through CITIC Capital Partners… Read More
India-based online lending platform Capital Float has raised a US$25 million Series B financing round led by Creation Investments Capital Management, an investment management firm with a focus on financial services. India-focused investment firm Aspada and venture capital firms SAIF Partners and Sequoia Capital also participated in the round. Capital… Read More
Global private equity firm Warburg Pincus has completed an investment in UIB, a China-based obstetrics, gynecology (OB/GYN) and pediatrics hospital chain. The transaction was structured through Warburg Pincus XII. The investment will accelerate UIB’s development and expansion of its business offerings in the OB/GYN and pediatrics sector. Financial details of… Read More
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
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