Global private equity and venture capital firm iTech Capital has led a US$5 million Series B financing round in Russia-based e-commerce platform Ecwid. Existing investor venture capital firm Runa Capital also participated in the round. Ecwid, which allows retailers to create online stores and add them to web platforms,… Read More
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has partially exited its stake in India-based Diamond Power Infrastructure, selling a 5.5 percent stake for INR271 million (approximately US$4.6 million) on the open market. Clearwater, which holds a 5.7 percent stake in the company… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has completed a mezzanine investment in India-based business conglomerate Archean Group. Archean Group, which has interests in salt manufacturing, coal, phosphatic fertilizers and chemicals, intends to use the funding for company expansion. Financial details of the transaction were not disclosed. Read More
Bertelsmann India Investments, the investment arm of international media company Bertelsmann in India, has led an INR950 million (approximately US$16 million) financing round in India-based TrendSutra Platform Services, which runs online home products marketplace Pepperfry.com. Existing investor venture capital firm Norwest Venture Partners (NVP) also participated in the round. Read More
Global growth markets investor The Abraaj Group has acquired a stake in Thailand-based education service provider KPN Academy. The transaction was structured through The Abraaj Group’s Southeast Asia Fund. KPN Academy operates more than 103 centers across Thailand, offering a variety of subjects including music, mathematics, chemistry, physics and… Read More
Venture capital firm Kaszek Ventures has led a Series B financing round for Brazil-based GuiaBolso, an online financial management platform. Venture capital firms e.Bricks Digital and Valor Capital Group also participated. The company intends to develop a mobile version of the platform. Financial details of the transaction were not… Read More
Global private investment firm TPG has closed its sixth Asia-focused fund, TPG Asia VI, with US$3.3 billion in capital commitments. The fund will target investments in the health care, consumer, retail and financial services sectors, with a regional focus on Australia, India, Southeast Asia and China. Half of the… Read More
Private equity fund manager Phatisa will invest in a special purpose vehicle with Kenya-based real estate and investment trust Africa Reit to develop a 66-unit apartment complex in Kikuyu Town, located to the west of Nairobi, Kenya. Phatisa’s investment will be structured through its Pan African Housing Fund. Financial… Read More
Private equity firm CRP Companhia de Participações has acquired a 25 percent stake in Brazil-based online game developer Aquiris. The capital injection will cover part of a BRL10 billion (approximately US$4.5 million) three year investment program, during which the company intends to increase its annual sales and launch seven… Read More
55Tuan, a China-based group-buying site that provides users with daily deal offers, has received US$50 million in a financing round from existing investors, including alternative asset fund manager CDH Investments and venture capital firm Zero2IPO Capital. The company previously raised US$200 million from CDH, Zero2IPO, venture capital firm Shanghai… Read More
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