Global growth markets investor The Abraaj Group has acquired a stake in Kool Food, a Morocco-based chocolate confectionery manufacturer. Kool Food specializes in developing, producing and selling chocolate confections and powder drinks, as well as other sweet and salted food products under its own brand. The investment will be… Read More
Global alternative asset manager The Carlyle Group has reached a final close on its Carlyle Sub-Saharan Africa Fund (CSSAF) with US$698 million in capital commitments, surpassing its initial target of US$500 million. CSSAF will focus on investment opportunities linked to the growth of the emerging middle class across Sub-Saharan… Read More
Ukraine and Russia-focused venture capital firm AVentures Capital and Torben Maygaard, founder of outsourcing company Ciklum, have participated in a Series A financing round for Ukraine-based augmented reality technology developer Augmented Pixels. Previously, the company received a seed investment from AVentures Capital in February 2013 for an estimated US$1… Read More
India-focused investment firm ChrysCapital, private equity firm Warburg Pincus and development finance institution International Finance Corporation (IFC) have participated in a US$21 million financing round for India-based non-banking finance company Au Financiers. Financial services firm Motilal Oswal Securities also invested US$3 million in the round. The investment will be… Read More
India-focused investment firm ChrysCapital has invested INR700 million (approximately US$12 million) to increase its stake in India-based drug maker Torrent Pharmaceuticals from 1.9 percent to 2.6 percent. Torrent Pharmaceuticals, which is a subsidiary of diversified industrial conglomerate Torrent Group, recently received regulatory approval to acquire the domestic formulation business… Read More
Asia-focused private equity firm RRJ Capital and Singapore-based investment manager SeaTown Holdings International have agreed to invest US$250 million in Shanghai Yupei Group, a China-based logistics warehouse developer. This investment follows a US$200 million financing round for Yupei completed last year by global private investment firm The Carlyle Group… Read More
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has invested US$40 million in Apollo Towers Myanmar, a Myanmar-focused telecommunications venture led by Sanjiv Ahuja, the former CEO of LightSquared. The investment will support Apollo’s plans to build and manage approximately 1,000 mobile… Read More
India-based Ratnakar Bank has raised INR3.3 billion (approximately US$55 million) from new and existing investors including development finance institutions CDC Group and International Finance Corporation, investment and advisory firm Asia Capital & Advisors and private equity firm Gaja Capital. CDC Group invested US$28 million for a 4.8 percent equity… Read More
Global private investment firm TPG has completed a third round of fundraising for its sixth Asian Fund with US$2.9 billion in capital commitments. The fund has already invested in three companies, including China-based broadcaster Phoenix Satellite Television Holdings. Separately, the middle market and growth equity platform of TPG, TPG… Read More
China-focused private equity firm Vision Knight Capital has closed Vision Knight Capital China Fund II at its hard cap with US$550 million in capital commitments. The fund, which will make investments in China’s retail, consumer internet and e-commerce sectors, received commitments from a mix of global institutional investors, including… Read More
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