ACON Investments, a private equity investment firm focused on the middle market in the United States and Latin America, has reached a final close on its most recent Latin America-focused middle market fund, ACON Latin America Opportunities Fund IV (ALAOF IV), with US$515 million in capital commitments. ALAOF IV, which… Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, is exiting its five-year old investment in India-based natural gas distributor Maharashtra Natural Gas (MNGL) to India-based compressed natural gas supplier Indraprastha Gas (IGL). IGL will acquire up to a 50 percent stake in MNGL for INR1.9 billion… Read More
China-focused venture capital firm IDG Capital Partners has led a US$100 million Series B financing round for China-based online grocer Womai.com, with participation from an existing backer, Asia-focused private equity firm SAIF Partners. With operations in Beijing and Shanghai, Womai specializes in selling imported products directly to Chinese consumers… Read More
Global growth markets investor The Abraaj Group has exited its investment in Angola-based Fibrex, a manufacturer of plastic pipe products used in the construction industry. The Abraaj Group originally invested in the company in 2007. Separately, The Abraaj Group has exited its investment in Peru-based women’s accessories retailer Iasacorp, selling… Read More
Central and Eastern Europe-focused private equity firm Mid Europa Partners has reached a final close on its latest fund, Mid Europa Fund IV, with EUR800 million (approximately US$1.07 billion) in capital commitments. The fund will be complemented by an additional pre-allocated co-investment program of EUR650 million (approximately US$873 million). Read More
Africa-focused investment group African Frontier Capital has exited its stake in Uganda-based power generator Electro-Maxx. The company owns and operates two heavy fuel oil power plants in Tororo, Uganda, totaling 90 megawatts of installed capacity. Financial details of the transaction were not disclosed. Read More
Colombia-focused early-stage technology investor Velum Ventures has announced the commencement of operations of its maiden fund, Velum Early Stage Fund I, and the completion of investments into three Colombia-based companies: CiudadDeMascotas.com and FloresYMas.co, e-commerce sites specializing in pet products and floral arrangements, respectively, and Cocina33.com, an e-learning platform for… Read More
Global investment and advisory firm The Blackstone Group has announced that Black Rhino, a South Africa- and Senegal-based infrastructure development company backed by Blackstone Energy Partners and affiliated funds, will partner with West African industrial conglomerate Dangote Industries to jointly invest up to US$5 billion over the next five… Read More
Asia-focused alternative investment fund manager PAG will raise approximately HKD1.7 billion (approximately US$219 million) through the sale of 130.7 million shares in China-based financial services conglomerate Haitong Securities. PAG acquired 219.7 million shares in Haitong for US$300 million in the company’s April 2012 IPO and sold 89 million shares… Read More
Indian e-commerce platform Flipkart has raised US$1 billion in a new funding round co-led by existing investors alternative investment firm Tiger Global and global internet services company Naspers. Singapore’s sovereign wealth fund GIC, Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management and Sofina also participated in the… Read More
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