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
Middle East-focused venture capital firm Middle East Venture Partners (MEVP) has reached a first close on its IMPACT Fund with more than US$50 million in capital commitments. Investors in the first closing included the fund’s co-sponsors, BLOM Invest Bank and MedSecurities Investment, as well as other Lebanese banks. The fund is… Read More
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan Group, has acquired a 40 percent stake in Russia-based Kidburg, an operator of children’s educational entertainment services. The transaction was structured through CapMan Russia II and is intended to support the company’s further expansion in Russia. Kidburg… Read More
West Africa-focused private equity fund manager ARM Capital Partners and development finance institution IFC have invested US$9.5 million in Nigeria-based food manufacturer Boulos Foods and Beverages. ARM Capital Partners and IFC will contribute US$6 million and US$3.5 million, respectively. The company, which produces fruit juices and other non-alcoholic drinks, milk… Read More
Telecommunications conglomerate Softbank Internet and Media has agreed to lead a US$100 million financing round for Indonesia-based online marketplace Tokopedia. Venture capital firm Sequoia Capital and existing shareholder SB Pan Asia Fund, a fund managed by Softbank Ventures Korea, will also participate in the round. Sequoia’s investment will be structured… Read More
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