Global investment firm KKR, emerging markets financial services investor LeapFrog Investments and Indium V, an investment vehicle advised by India Value Fund Advisors, have received board approval from Magma Fincorp, an India-based non-banking finance company, to invest INR5 billion (approximately US$80 million) in the company. KKR, Indium V and LeapFrog… Read More
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a China-based peer-to-peer lending platform, has raised RMB3 billion (approximately US$489 million) in a funding round led by BlackPine Private Equity Partners, a China-focused special situations and growth capital fund manager. China-focused private equity and venture capital firm CDH Investments and the private… Read More
Global asset manager BlackRock and energy-focused private equity firm First Reserve have agreed to acquire a 45 percent stake in two gas pipelines in Mexico—Los Ramones Phase II North and Los Ramones Phase II South—from Mexican state-owned energy company Petróleos Mexicanos (Pemex) for approximately US$900 million. Both projects will benefit… Read More
Pan-emerging markets private equity firm Actis has fully exited its stake in Teknicast, a Malaysia-based manufacturer of aluminum die-cast components. The stake was sold to an undisclosed Asia-focused investment management firm. Financial details of the transaction were not disclosed. Read More
India-focused private equity fund manager IL&FS Investment Managers has fully exited its stake in Maharashtra Natural Gas (MNGL), an India-based natural gas distributor, via a strategic sale to Indraprastha Gas, an India-based compressed gas distributor. The sale generated a reported cash multiple of 4.1x, including dividends received by the fund,… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire the entire Romanian business of international energy company Sterling Resources in a transaction worth a reported US$43 million and structured as a corporate acquisition of Sterling’s wholly-owned subsidiary Midia Resources. The acquisition will include four license blocks in the… Read More
Accion Venture Lab, a seed stage investment firm for financial inclusion, and Artha Initiative, an India-focused impact investment platform supported by investment advisory firm Rianta Capital Zurich, have invested US$500,000 in a Series A round for India-based customer relationship management solutions provider Artoo. The company relies on mobile, cloud and… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and National Bank of Canada, a commercial bank, have agreed to acquire a 26 percent stake in NSIA Participations, a Cote d’Ivoire-based financial group, from pan-African private equity firm Emerging Capital Partners (ECP). ECP will… Read More
Foursan Group, a private equity firm primarily focused on the Middle East, has acquired a 30 percent stake in Zalatimo Sweets & Restaurants, a Jordan-based confectionary company. The transaction was structured through Foursan Capital Partners I. Zalatimo currently operates six retail outlets around Amman; has franchised outlets in Bahrain, Kuwait… Read More
Global venture capital firm Accel Partners has launched Accel India IV, a US$305 million fund that will focus on early stage companies in India. The fund will selectively pursue growth equity opportunities, and it will invest in companies in the consumer, enterprise software, mobile and healthcare sectors. Read More
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