Global private equity firm General Atlantic has agreed to purchase a ten percent stake in Brazil-based brokerage firm XP Investimentos from pan-emerging markets private equity firm Actis for BRL300 million (approximately US$86 million). General Atlantic will also acquire additional shares in a primary offering for BRL150 million (approximately US$43 million),… Read More
Advantech Capital Partners, an early-stage venture firm connected to New Horizon Capital, has led a US$32 million “Series B+” financing round for China-based security risk management software developer Hangzhou Tongdun Technology. Other participants in the round included a unit of China-based investment holding company Suzhou Oriza Holdings; China-focused venture capital… Read More
Private equity firms Zephyr Peacock India and Kaizen Private Equity have led an INR930 million (approximately US$14 million) Series B financing round for India-based non-banking finance company Thirumeni Finance, which operates under the name Varthana. Private equity firm Elevar Equity and philanthropic investment firms LGT Venture Philanthropy and Omidyar Network… Read More
Development finance institution Asian Development Bank (ADB) and Japanese government agency Japan International Cooperation Agency (JICA) have agreed to establish a new fund to support private infrastructure investments across Asia and the Pacific. The fund, Leading Asia’s Private Infrastructure (LEAP), will be capitalized by US$1.5 billion in equity from JICA… Read More
SBI Ven Capital, the overseas private equity arm of SBI Holdings, has invested a reported US$10 million in Indonesia-based commercial lender Bank Index Selindo. The transaction was structured through SBI FMO Emerging Asia Financial Sector Fund. Bank Index, which was established in 1993, plans to launch online and mobile banking… Read More
Pan-African mezzanine fund manager Vantage Capital has provided US$20 million of expansion funding to Nigeria-based property developer Landmark Africa. The transaction was structured through Vantage Capital Fund III. Landmark Africa has a portfolio of more than 130,000 square meters of mixed-use office, residential and leisure facilities and is currently building… Read More
Global private equity firm Warburg Pincus has participated in a US$300 million Series C financing round for China-based for-rent apartment operator Mofang Apartments. The round was led by China-based financial conglomerate AVIC Trust. Mofang, which operates 150 apartment complexes in 15 Chinese cities, plans to use the new capital to… Read More
Impact fund manager Equator Capital Partners and private equity firm Progression Capital Africa have invested KES1.2 billion (approximately US$12 million) in Kenya-based financial institution Jamii Bora Bank. The transaction was structured through Equator Capital Partners’ ShoreCap II and Progression Capital Africa’s Progression Eastern African Microfinance Equity Fund. Jamii Bora Bank… Read More
Private equity firms Mediterrania Capital Partners and the EuroMena Funds have acquired minority stakes in three retail companies: Tunisia-based BS Invest, Morocco-based CAP Retail and Algeria-based Investex Algérie. The transactions were structured through Mediterrania Capital Partners' MC II and the EuroMena funds' EuroMena III. The retail companies collectively distribute 11… Read More
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar has invested LKR300 million (approximately US$2 million) in Sri Lanka-based food manufacturer MA’s Foods. The transaction was structured through Aavishkaar Frontier Fund. MA’s Foods, which markets a portfolio of organic, fair-trade and conventional gourmet meal solutions, plans to use the new… Read More
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