Asia-focused private equity firm Baring Private Equity Asia has reached a final close on Baring Private Equity Asia Fund VI with approximately US$4 billion in capital commitments, reaching its hard cap. Investors in the fund included Los Angeles City Employees' Retirement System, Texas County & District Retirement System, Pennsylvania Public… Read More
India-focused private equity firm IDFC Alternatives has agreed to acquire a 26 percent stake in India-based Delhi Cargo Service Centre, the cargo services operator at Delhi’s Indira Gandhi International Airport, for INR286 million (approximately US$4.6 million). The deal will be structured through IDFC’s India Infrastructure Fund II. IDFC will purchase… Read More
Global microfinance investor Accion and venture capital firm SAIF Partners have invested US$1 million in India-based Aye Finance, a provider of loans to micro, small, and medium-sized businesses. Accion’s investment was structured through its Venture Labs initiative. Read More
Global growth markets investor The Abraaj Group has acquired a 25 percent stake in Turkey-based online retailer Hepsiburada for a reported US$100 million. Hepsiburada intends to use the fresh capital to expand its e-commerce operations in Turkey, relocate to a new fulfillment center, improve its IT infrastructure and strengthen its… Read More
ContaAzul, a Brazil-based provider of accounting and invoicing software to small- and medium-sized enterprises, has received a Series C funding round from venture capital firm Ribbit Capital, with participation from global investment firm Tiger Global Management and venture capital firms 500 Startups, Monashees Capital and Valar Ventures. The company intends… Read More
17zuoye, a China-based education start-up, has raised US$100 million in a Series D financing round led by venture capital firm H Capital, with participation from Singaporean sovereign wealth fund Temasek, Russian venture capitalist Yuri Milner and venture capital firm Shunwei Capital Partners. The company operates an online education platform for… Read More
China-focused venture capital firm Shunwei Capital Partners has closed its first RMB-denominated fund with RMB1 billion (approximately US$160 million) in capital commitments. The fund will invest in the areas of intelligent hardware, mobile internet, online finance, online education and travel sites. Shunwei previously raised two USD-denominated funds, with the most… Read More
Global private investment firm TPG Capital has exited a 17.5 percent stake in Indonesia-based lender Bank Tabungan Pensiunan Nasional (BTPN) through a strategic sale to Japan-based conglomerate Sumitomo for IDR5.9 trillion (approximately US$457 million). Post-transaction, TPG will hold an 8.38 percent stake in BTPN, while Sumitomo will hold a 20… Read More
RoboCV, a Russia-based developer of vehicle autopilot systems used in commercial vehicles, has received a US$3 million investment from asset manager VTB Capital, venture capital firms I2BF Global Ventures and Almaz Capital, corporate venture fund LETA Capital and global investment company Columbus Nova. The company will use the new funds… Read More
Vogo Investment Group, a South Korea-focused buyout firm, is selling a 57.5 percent stake in South Korea-based insurer Tong Yang Life Insurance to China-based insurance conglomerate Anbang Insurance Group. This is part of a larger transaction in which Anbang is acquiring a 63 percent stake in Tong Yang in a… Read More
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