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
Global private equity firm Warburg Pincus will invest US$125 million—with the option to invest up to an additional US$75 million—in a joint venture with Indonesia-based real estate developer and operator Nirvana Development. The transaction will be structured through Warburg Pincus Private Equity XI. The joint venture will develop and open… Read More
Asset management and investment firm Alkhabeer Capital has acquired a majority stake in Saudi Arabia-based integrated healthcare provider Eed Group. The transaction was structured through Alkhabeer Healthcare Private Equity Fund I. The Eed Group recently expanded to add a pharmacy business, medical equipment supply and third-party management and operations. Financial… Read More
Energy and infrastructure investor Equis Funds Group has invested INR7.2 billion (approximately US$116 million) in India-based property developer Assetz. The company will use the funding to build mid-income housing townships across India over the next five years. Read More
In Private Equity Investing in Emerging Markets: Opportunities for Value Creation, Roger Leeds, Professor at the School of Advanced International Studies (SAIS) of the Johns Hopkins University and Founding Chairman of EMPEA, illustrates how private equity is a tool uniquely suited to strengthening the value and performance of businesses in… Read More
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