India-based big data analytics company Peel-Works Outsourcing has raised US$2 million in a Series A financing round from venture capital firms IDG Ventures India and Inventus Capital Partners. Peel-Works intends to use the investment to expand its existing offerings, hire senior management and increase its technology and product development. Read More
Easy Taxi, a Brazil-based mobile taxi application operating across Latin America, Africa, the Middle East and Asia, has raised US$40 million in a Series D financing round led by Russian venture capital firm Phenomen Ventures. Tengelmann Ventures, the investment arm of Germany-based multi-sector retailer Tengelmann Group, also participated in… Read More
Private equity investment group Apax Partners will invest INR5 billion (approximately US$83 million) in Cholamandalam Investment & Finance Company (CIFCL), the financial services arm of India-based conglomerate Murugappa Group. Apax will subscribe to 50 million compulsorily convertible preference shares, which hold a face value of INR100 (approximately US$1.67) per… Read More
Private equity group EQT has acquired a majority stake in Hong Kong-based Dataflow Verification Services from the company’s founders. The transaction was structured through EQT Mid Market Fund. Dataflow is a provider of immigration compliance and credential verification services to governments, government-sanctioned authorities and private institutions. Financial details of… Read More
Germany-based online food ordering company Delivery Hero has acquired majority stakes in two private equity-backed online food delivery services, Colombia-based ClickDelivery and Uruguay-based PedidosYa. The acquisitions provided an exit for the companies’ private equity investors: Axon Partners from ClickDelivery and Kaszek Ventures and Atomico from PedidosYa. Axon reportedly returned… Read More
Southeast Asia-focused private equity firm Northstar Group has reached a first close of approximately US$500 million on its fourth fund. Northstar aims to invest around 70 percent of Fund IV, which has a hard cap of US$1 billion, in Indonesia, with the remaining capital slated for deals in the… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has invested in India-based engineering consultancy Enzen Global Solutions. The transaction was structured through Darby Asia Opportunities Fund III. Enzen Global Solutions provides advisory, management and engineering design services for projects in the power, gas and water infrastructure… Read More
Global private investment firm The Carlyle Group has reportedly reached a first close on its second Brazilian buyout fund with BRL375 million (approximately US$170 million) in capital commitments. Investors in the fund, which has a BRL1 billion (approximately US$452 million) target, include Banco do Brasil and Brazilian pension funds. Read More
Private equity firm Ascent Capital has closed its Ascent Rift Valley Fund with KES4.3 billion (approximately US$48 million) in capital commitments. The growth fund is focused on companies in Eastern Africa and will invest in eight to 12 countries with ticket sizes between KES87 million (approximately US$1 million) and… Read More
Patria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, has reached a final close on its fifth private equity fund, Patria Brazilian Private Equity Fund V, with US$1.8 billion in capital commitments, surpassing its original US$1.5 billion target. Investors in the fund hailed from the… Read More
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