Dan Mintz, Chief Executive Officer of Los Angeles-based media company DMG Entertainment, has signed a deal to acquire a 62 percent stake in Taiwan-based television network Eastern Broadcasting Corporation (EBC) from global alternative asset manager The Carlyle Group for a reported deal value of US$600 million. Carlyle originally invested in… Read More
Venture capital firms IDG Ventures India and Accel Partners India have participated in a US$2 million pre-Series A round for India-based online home appliances and furniture rental start-up RentoMojo. The company, which was founded in November 2014, plans to use the funding to expand across India. … Read More
Global private equity firm Warburg Pincus has reached a final close on its latest global fund, Warburg Pincus Private Equity XII, with US$12 billion in capital commitments. Investors included public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals, with considerable participation from investors outside… Read More
China-based snack and beverage group Dali Foods Group has raised HKD8.9 billion (approximately US$1.1 billion) in an initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 1.69 billion shares at HKD5.25 (approximately US$0.68) apiece. Dali Foods Group is backed by private equity and venture capital firm… Read More
Global investment firm Tiger Global Management has participated in a US$30 million Series C round for Argentina-based e-commerce company Avenida. The round was led by multinational internet and media group, Naspers. Avenida, which was launched in 2013 and reportedly processes 20,000 orders a month, will use the new capital to… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired a minority stake in Côte d’Ivoire-based healthcare clinic and laboratory provider HMAO Group. Through this transaction, Amethis supported the management’s take-over of HMAO Group, which was previously owned by Morocco-based business conglomerate Saham. Read More
Thailand-focused private equity firm Lakeshore Capital Asia has closed Lakeshore Capital Fund I with US$60 million in capital commitments. Investors included development finance institution International Finance Corporation, which committed up to US$20 million. The fund has already invested in two companies and plans to make five to eight investments in… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, will sell its entire stake in Ukraine-based IT service provider Ciklum to the Ukrainian Redevelopment Fund, a fund managed by private investment advisor Soros Fund Management. Horizon Capital originally invested… Read More
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar and Pearson Affordable Learning Fund, the impact investing fund of global education company Pearson, have invested US$2.3 million in a Series A financing round for India-based English language learning company Karadi Path. Aavishkaar’s investment was structured through Aavishkaar India II. Karadi… Read More
Pan-emerging markets private equity firm Actis, Sub-Saharan Africa real estate investment management and development group RMB Westport and Nigeria-focused investor group Paragon Holdings have sold Nigeria-based retail mall Ikeja City Mall to South Africa-focused real estate investment trust Hyprop Investments and Johannesburg Stock Exchange-listed real estate capital growth fund Attacq. Read More
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