Global alternative asset manager The Carlyle Group has acquired a minority stake in China-based operator of online and mobile-based classifieds Ganji.com in a Series E financing round. The transaction was structured through Carlyle Asia Partners IV. Hedge fund Tiger Global also participated in the round, which was reported to be… Read More
Africa-focused oil and gas exploration company Impact Oil & Gas has raised a total of US$55 million through a private placement of new shares to both new and existing investors. The bulk of the placement, a total of US$50 million, was raised from two new investors: private equity firm Helios… Read More
Early stage venture capital firm Reservoir Investment Managers has reached a second and final close on its maiden fund, Exfinity Technology Fund – Series I, with INR1.25 billion (approximately US$20 million) in capital commitments. Investors in the India-focused fund included institutional investors, family offices and technology executives. Exfinity intends to… Read More
Brazil-based mobile commerce platform Movile has raised a US$35 million Series D financing round from venture capital firm Innova Capital and global internet services company Naspers. Movile has also secured US$20 million in long-term financing through FINEP, a Brazilian government organization that funds science and technology projects. The company recently… Read More
Private equity group EQT has sold Taiwan-based cable TV channel operator Gala TV Corporation to Yung-Tsai Investment, an investment vehicle jointly owned by businessmen Wang Yung-Tsai, Wang Weng-Tsao and Wong Wen-Yuan. The transaction was structured through EQT Greater China II. EQT originally acquired Gala TV, which operates four cable TV… Read More
Private equity and investment advisory firm CVC Capital Partners has sold an 11.5 percent stake in Indonesia-based retailer Matahari Department Store for a reported IDR4.69 trillion (approximately US$397 million). The transaction entailed CVC-owned Asia Color Company selling 335 million shares in Matahari through a private placement to investors in Asia,… Read More
Southeast Asia-focused clean energy investor Armstrong Asset Management has committed to provide US$29 million to fund a pipeline of bilateral solar power projects in the Philippines being developed by Singapore-based solar power plant developer nv vogt Singapore. The first project, a 6.25 MW solar power plant in the southern region… Read More
Private equity firms Baring Private Equity Asia and Altas Partners have invested in Grenada-based medical school St. George’s University in partnership with St. George’s management team. The investment amount was reported to be around US$750 million. The school intends to use the investment to expand student resources, support research and… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to sell its stake in Turkey-based ferry operator U.N. Ro-Ro Isletmeleri to private equity firms Esas Holding and Actera Group. The transaction amount is reported to be around EUR700 million (approximately US$936 million). KKR originally acquired a 97.6 percent… Read More
China-based pork producer WH Group has raised US$2.1 billion in an initial public offering on the Hong Kong Stock Exchange. Backed by China-focused private equity firm CDH Investments, Singaporean sovereign wealth fund Temasek Holdings and global banking, securities and investment management group Goldman Sachs, WH Group offered 2.57 billion… Read More
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