Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures and Japan-based internet media firm DesignOne Japan have invested in Lozi, a Vietnam-based food ordering company. The company plans to use the new funds to grow the number of its website and mobile app users and to develop technology that will… Read More
East Africa-focused venture capital firm Novastar Ventures has reached a final close on Novastar Ventures East Africa Fund I with US$80 million in capital commitments. Investors in the fund included development finance institutions CDC, FMO, Norfund and European Investment Bank. Multinational bank JP Morgan, global multi-asset investor AXA Investment Management… Read More
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has exited a 16.5 percent stake in India-based auto component maker Jamna Auto Industries. Clearwater Capital Partners returned INR770 million (approximately US$11.5 million) in open market transactions on the Bombay Stock Exchange and the National Stock… Read More
Pan-emerging markets private equity firm Actis has acquired a minority stake in South Africa-based food retailer Food Lover’s Market for ZAR760 million (approximately US$54 million). The company owns more than 120 stores across 11 countries in Africa. Food Lover’s Market intends to use the funding to continue its growth both… Read More
India-focused private equity firm ChrysCapital has acquired a ten percent stake in India-based contract research and discovery services company GVK Biosciences from Sequoia Capital for US$25 million. ChrysCapital has also reportedly committed additional funds to back GVK Biosciences’ plans to grow through acquisitions. The transaction, which recently received Foreign Investment… Read More
Czech Republic-based soft drink producer Kofola, which is backed by Central and Eastern Europe-focused private equity and venture capital firm Enterprise Investors, has raised CZK11.37 billion (approximately US$446 million) in an initial public offering (IPO) on the Prague Stock Exchange. Enterprise Investors’ Polish Enterprise Fund VI, which originally invested in… Read More
Global banking, securities and investment management group Goldman Sachs has invested US$20 million in China-based biotechnology company Ascletis. The company focuses on the discovery, development and commercialization of treatments for infectious diseases and cancer and owns four products in the clinical phase. Ascletis will use the funds to strengthen its… Read More
Old Mutual Private Equity (OMPE), a division within Africa-focused investment manager Old Mutual Alternative Investments, has acquired a 70 percent stake in South Africa-based sport, leisure and wellness business MoreCorp for reportedly more than ZAR300 million (approximately US$20.8 million). The transaction was structured through OMPE’s Fund IV. MoreCorp owns golf retailers… Read More
India-focused venture debt firm Trifecta Capital Advisors has invested INR360 million (approximately US$5.4 million) across three India-based start-ups. The companies that received investment were dialysis network provider NephroPlus, logistics firm Rivigo and personal assistant mobile application HelpChat. Financial details of the individual transactions were not disclosed. … Read More
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to sell Thailand-based poultry producer Golden Foods Siam (GFS) to Brazil-listed food producer BRF for US$360 million. Navis originally invested in GFS in 2009 and is reportedly set for a 3.4x return on its investment. The transaction is subject to… Read More
(default archive template)