LeapFrog Investments, an investor in financial services for emerging consumers in Africa and Asia, has taken a stake in Ghana-based pension trustee company Petra Trust. With this capital injection, Petra will invest in expanding its infrastructure to serve existing clients and in growing its market reach. Financial details of… Read More
EMF Capital Partners, a private equity firm focused on financial institutions in emerging markets, has invested in Russia-based insurance software company Virtu Systems. The transaction was structured through EMF New Europe Insurance Fund (NEIF), which will become Virtu’s largest shareholder. The investment will allow Virtu to expand its team… Read More
Venture capital firm Hummingbird Ventures has invested US$1.2 million in a venture financing round for United Arab Emirates-based financial comparison site Souqalmal.com. The site provides an interface for users to view and compare a range of financial products, including credit cards, loans and cars. With the new financing, the… Read More
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has made an investment in Puerto Rico-based commercial finance company Acrecent Financial Corporation for a majority control position. The transaction was structured through Darby ProBanco Fund II. The investment will allow Acrecent to expand further in Central America,… Read More
Vertex Venture Holdings, the venture investment arm of Singapore’s sovereign wealth fund Temasek, and venture capital firms IDG Ventures and SAIF Partners have participated in a US$15 million Series C funding round for India-based BrainBees Solutions, which operates baby and kids online retailer Firstcry.com. Vertex Venture led the round,… Read More
Private equity and investment advisory firm CVC Capital Partners has agreed to invest over US$200 million in China-based education company EIC Group. CVC Capital will purchase shares from pan-emerging markets private equity firm Actis and from EIC Group’s founder. Actis originally acquired a minority stake in EIC Group in… Read More
Emerging Capital Partners (ECP), a private equity firm focused on growth capital investing in Africa, has exited Société d'Articles Hygiéniques (SAH), a feminine and baby hygiene products manufacturer, following the company’s listing on the Tunis Stock Exchange. The offering, which closed on December 23, 2013 after two days of… Read More
Venture capital and private equity firm Trustbridge Partners has led a US$130 million Series A financing round for China-based online peer-to-peer lending platform Renrendai.com. Trustbridge committed a reported US$65 million to the transaction. Renrendai.com intends to use the capital injection to improve internal operations, product services and the firm’s… Read More
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, and Intel Capital, the venture capital and private equity arm of Intel Corporation, have sold a joint 32.5 percent stake in Romania-based software company SIVECO Romania to the company’s management. Enterprise Investors and Intel Capital bought the stake in… Read More
India-focused private equity firm Ascent Capital and venture capital firm IDG Ventures have acquired a minority stake in India-based document imaging solutions provider Newgen Software Technologies for INR800 million (approximately US$12.9 million). The transaction was structured through Ascent India Fund III and IDG Ventures India Fund II. Of the… Read More
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