Ascent Capital Leads a USD26m Investment in Myanmar’s Internet Service Provider Frontiir
Ascent Capital Partners led a USD26m investment in Myanmar-based internet service provider Frontiir through Ascent Myanmar Growth Fund I. Read more… Read More
CapitalG Leads USD27.5m Series E for Indian Microlender Aye Finance
Alphabet’s CapitalG led a USD27.5m Series E for India-based microlender Aye Finance, with participation from LGT Lightstone, Falcon Edge, MAJ Invest, and A91 partners. Read more… Read More
Convergent Finance Invests USD14.1m in Indian Supply Chain Company Jyoti International Foods
Convergent Finance has invested USD14.1m in Jyoti International Foods, an India-based supply chain solutions provider for the food service industry, for a significant minority stake. Read more… Read More
Southern Capital and HPEF Capital Exit Singapore’s Canadian International School for USD487m
Southern Capital Group and HPEF Capital Partners have agreed to sell Singapore-based Canadian International School to Hong Kong-listed China Maple Leaf Educational Systems for SGD680m (approximately USD487m). Read more… Read More
Sparx Group and SCB 10x Lead USD80m Series C for Thai Fintech Synqa
SCB 10x, a subsidiary of Siam Commercial Bank, and Sparx Group, through its Mirai Creation Fund II, led a USD80m Series C for Thailand-based fintech Synqa (formerly known as Omise Holdings), with participation from Toyota Financial Services, Sumitomo Mitsui Banking Corporation, SMBC Venture Capital, Aioi Nissay Dowa Insurance,… Read More
Dolma Impact Fund Invests USD1m in Nepalese E-Commerce Startup Sastodeal
Nepal-focused Dolma Impact Fund has invested USD1m in Nepal-based e-commerce startup Sastodeal. Read more… Read More
Carlyle to Invest USD198m in South Korean Financial Services Conglomerate KB Financial
The Carlyle Group has agreed to invest USD198m in Korea-based financial services conglomerate KB Financial through Carlyle Asia Partners V. Per the agreement, the two companies will also work together on the restructuring and financing of Carlyle’s investments in South Korea. Read more… Read More
Ascendent Capital Partners Fully Exits Chinese Dairy Producer Ningxia Harmony Dairy Development via Sale to New Hopy Dairy
Ascendent Capital Partners has agreed to fully exit China-based dairy producer Ningxia Harmony Dairy Development via a sale to majority shareholder New Hopy Dairy. The deal, expected to close by Q42020, will reportedly see Ascendent receive USD109m for its stake. Read more… Read More
V Fund Leads USD50m Series C2 for Warburg-Backed Chinese Robotics Developer Geek+
V Fund led a USD50m Series C2 for Geek+, a China-based robotics developer backed by Warburg Pincus, with participation from Vertex Ventures and RedView Capital. GGV Capital, D1 Capital, and Warburg Pincus led the company’s USD150m Series C1 in June 2019. Read more… Read More
Warburg-Backed ESR Announces Closing of USD1b JV with CPP Investments and APG
ESR Cayman, a Hong Kong-based logistics real estate platform backed by Warburg Pincus, has announced the closing of USD1b ESR KS II, a joint venture with Canadian Pension Plan Investment Board and Dutch pension fund APG. ESR, CPP Investments, and APG have made initial commitments of USD200m, USD450m,… Read More
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