Africa-focused mezzanine investor Vantage Capital has provided ZAR77 million (approximately US$7 million) for the acquisition of preferred equity facilities in a Pembani Group-owned special purpose vehicle that holds a 30 percent stake of the ordinary equity and payment-in-kind notes in South Africa-based AfriSam, a building and construction materials company. The… Read More
India-based hospital chain operator Vaatsalya Healthcare Solutions has raised a financing round from early-stage investor Aavishkaar and global microfinance private equity investor Bamboo Finance, both existing investors in the company. Aavishkaar’s investment was structured through Aavishkaar India II. Vaatsalya intends to use the funding to upgrade its existing hospitals, expand… Read More
Global private equity firm Advent International and development finance institution European Bank for Reconstruction and Development (EBRD) have agreed to acquire Hypo SEE Holding, the Balkan-focused banking unit of Austria-based bank Hypo Alpe-Adria-Bank International. Advent will pay a reported EUR100 million (approximately US$127 million) for the unit, which owns banks… Read More
Investment management company Dymon Asia Private Equity (DAPE) has acquired a majority stake in Singapore-based vending machine owner and operator Atlas Vending from Atlas’s founding Tan family. Atlas Vending manages more than 5,000 machines in Singapore and Malaysia. DAPE intends to increase the number of Atlas’s vending machines and deploy… Read More
Global private equity firm Warburg Pincus has acquired a 32 percent stake in India-based Laurus Labs, a developer and manufacturer of active pharmaceutical ingredients, for INR5.5 Billion (approximately US$90 million). The company had previously raised a financing round from Fidelity Growth Partners India (FGPI), the private equity arm of Fidelity… Read More
NYLIM Jacob Ballas India, a vehicle co-owned by New York Life Insurance Company and private equity advisory firm Jacob Ballas Capital India, has invested INR500 million (approximately US$8 million) in a pre-IPO financing round for India-based theme park operator Adlabs Entertainment. The company, which owns the Adlabs Imagica theme park,… Read More
Venture Capital firm Kleiner Perkins Caufield & Byers China (KPCB China) has led a US$30 million Series B financing round for China-based mobile advertising company Lomark. Venture capital firms DFJ DragonFund, ABC Capital and Shenzhen Fortune Venture Capital also participated in the round. Lomark had previously raised a Series A… Read More
CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, and China-based venture capital firm Shenzhen Green Pine Capital Partners have invested in a Series A financing round for China-based cloud services company Upyun.com. Upyun, which started as a project to provide cloud computing… Read More
Early stage technology investor Silicon Badia has led a Series A financing round of more than US$5 million for Jordan-based online retailer Wysada. The transaction was structured through Silicon Badia’s Badia Impact Fund. The round also included participation from new and existing investors from the Gulf Cooperation Council countries. Wysada… Read More
Global energy investor EIG Global Energy Partners has invested US$125 million in India-based renewable energy developer Greenko Group. EIG has invested through a six-year instrument with a cash coupon of five percent per annum and a payment-in-kind (PIK) coupon of six percent due on maturity, with the option of converting… Read More
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