China-focused private equity investment firm Hopu Investment Management has reportedly reached a first close on its second fund, Hopu Master Fund II, with US$1.1 billion in capital commitments. Investors include Singapore sovereign wealth fund Temasek Holdings and global investment bank Goldman Sachs Group, which both committed to Hopu’s first… Read More
A consortium led by VTB Capital, the investment arm of Russia-based VTB Group, has sold White Gardens, an office center located in Moscow, to Russia-based asset management company Millhouse. The consortium included global private investment firm TPG, sovereign wealth fund China Investment Corporation, international real estate company AIG/Lincoln and… Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, and U.K. development finance institution CDC Group will participate in a US$125 million financing round for India-based renewable power producer Green Infra. CDC Group will invest up to US$25 million, while IDFC will contribute INR1.5 billion (approximately… Read More
Venture capital firm Matrix Partners India has acquired a significant minority stake in India-based Olacabs, an aggregator of car rental and point-to-point cab service operators. Matrix, along with existing investor hedge and private equity firm Tiger Global Management, co-invested in Olacabs’ second institutional round of equity funding, reportedly worth… Read More
Venture capital firms Canaan Partners and RRE Ventures have led a US$3.3 million funding round in Singapore-based itBit, a digital currency exchange platform. Other investors in the round included seed stage fund Liberty City Ventures and individual angels. itBit, which offers an electronic global currency exchange for trading digital… Read More
China-focused private equity investment firm Hopu Investment Management, Singapore sovereign wealth fund Temasek and three investment holding companies will buy a 13 percent stake in Hong Kong-listed dairy company Yashili International Holdings for a total of HKD1.6 billion (approximately US$213 million). The investors will acquire 471.1 million shares at… Read More
Jacana Partners, a pan-African private equity firm that focuses on small- and medium-sized enterprises (SMEs), has invested in Process and Plant Sales (PPS) Ghana, a supplier of industrial products and services to the mining, construction and processing industries in Ghana. The investment will support the growth of PPS Ghana’s… Read More
Mexico-focused private equity fund manager WAMEX Private Equity has invested US$32 million, jointly with German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG), in Mexico-based retail chain Bodesa. This was reportedly the sixth and final transaction structured through WAMEX’s second growth fund, MIF II. Bodesa, which operates stores in… Read More
Southeast Asia-focused clean energy investor Armstrong Asset Management has held a final close on its Armstrong South East Asia Clean Energy Fund with US$164 million in capital commitments, exceeding its initial target of US$150 million. The fund is focused on the development and construction of small-scale infrastructure projects in… Read More
Venture capital and private equity firm SB China Venture Capital (SBCVC) has invested US$10 million in a Series A funding round for China-based peer-to-peer (P2P) financing platform Yooli.com. The company, which launched its platform in February 2013, intends to use the capital injection to maintain the growth of its… Read More
(default archive template)