Venture capital firm Helion Venture Partners has led an INR1.15 billion (approximately US$19 million) financing round for India-based Locon Solutions, owner of real estate portal Housing.com, with participation from venture capital firm Nexus Venture Partners and Qualcomm’s investment arm Qualcomm Ventures. Helion invested INR480 million (approximately US$8 million) in… Read More
Private equity and venture capital firm Morningside Venture Capital has invested more than US$50 million in China-based peer-to-peer lending website Yooli.com. Yooli, which reportedly has around 760,000 users, intends to use the investment for product development, technology upgrades and improving its credit rating system. The company previously raised US$10… Read More
Global growth markets investor The Abraaj Group has submitted a mandatory tender offer to acquire up to 100 percent of Egypt-listed private hospital Cairo Medical Center. The Abraaj Group plans to undertake a capital expenditure program at Cairo Medical Center with the objective of upgrading the medical facilities, installing… Read More
China-based vacation rental website Tujia.com has raised a US$100 million Series C financing round from existing investors venture capital firms CDH Investments, Lightspeed China Partners, GGV Capital, Qiming Venture Partners and CBC Capital, as well as from vacation rental companies HomeAway and Ctrip. New investor China-focused investment bank China… Read More
India-based Bigtree Entertainment, which owns online entertainment ticketing website BookMyShow, has raised INR1.5 billion (approximately US$25 million) from venture capital firms SAIF Partners and Accel Partners and media company Network18. The transaction valued the company at more than INR10 billion (approximately US$166 million). Accel Partners previously invested INR1 billion… Read More
China-based online pawn shop Taodangpu has raised US$30 million in a Series B financing round from venture capital firms BlueRun Ventures, Northern Light Venture Capital and Heli Capital. Taodangpu runs two interconnected websites: online pawn shop Taodangpu.com and peer-to-peer lending platform 51dang.com. The start-up plans to use the investment… Read More
Africa-focused private equity firm 8 Miles has purchased a stake in Uganda-based Biyinzika Poultry International, a company that sells day-old chicks and poultry feed. The company has 21 outlets in Uganda and intends to use the funding to scale its product offerings. Financial details of the transaction were not… Read More
Pan-emerging markets private equity firm Actis has sold a 6.7 percent stake in Uganda-based electricity distribution company Umeme to Ugandan retail investors and Umeme management and directors for US$13 million. This is the second part of a two-part transaction in which Actis has sold a total of a 45.7… Read More
NBK Capital’s Alternative Investments Group, a private equity and mezzanine fund manager in the Middle East and North Africa, has completed the sale of a 38 percent stake in Saudi Arabia-based consumer finance company Nayifat Instalment Company to Falcom Financial Services, a Saudi Arabia-based investment bank. The transaction was… Read More
Investment group Samena Capital has acquired more than a 30 percent stake in United Arab Emirates-listed ceramics manufacturer Ras Al Khaimah (RAK) Ceramics from the firm’s founding shareholder. The acquisition was structured through Samena Capital’s subsidiary, Samena Limestone Holdings, and was made with a consortium of international investors including… Read More
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