UK development finance institution CDC Group has led an INR1.5 billion (approximately USD21 million) Series C funding round for India-based online business loan broker Indifi Technologies. Other participants in the round include global private equity fund manager Accel Partners and impact investing firms Elevar Equity, Omidyar Network, and Fair Finance… Read More
Global technology-focused growth equity fund manager TCV has agreed to lead a USD400 million Series F investment in Brazil-based digital banking and financial services provider Nubank. Other investors in the funding round include Singaporean sovereign wealth fund GIC, as well as existing investors Tencent Holdings, DST Global, Sequoia Capital, Dragoneer… Read More
India-listed fashion retail group Future Lifestyle Fashions (FLF) has secured INR8.4 billion (approximately USD122 million) from global alternative asset manager Blackstone Group and AION Capital Partners, a joint venture between India-focused ICIC Venture Funds Management and US-based alternative investment firm Apollo Global Management, via two separate transactions. Blackstone acquired 12… Read More
Korea-focused fund manager IMM Private Equity has reached a first close for RoseGold IV with USD1.3 billion in capital commitments. Investors in the fund include the Korean National Pension Service and other Korea-based and foreign investors. The fund, which is seeking USD1.5 billion in total commitments, will pursue minority and… Read More
Trident Energy, an Africa- and Latin America-focused oil and gas exploration company established by global private equity fund manager Warburg Pincus, has agreed to acquire the rights to the Pampo and Enchova offshore oilfields from Brazilian state-owned oil company Petrobras. Trident will acquire the assets using a reserve-based loan, in… Read More
A consortium led by Asia middle market-focused private capital fund manager Olympus Capital Asia has acquired a 25 percent stake in Thai Credit Retail Bank, a Thailand-based microfinance bank, for USD91 million from Southeast Asia-focused private equity firm Northstar Group. A portion of the total investment will be contingent on… Read More
Global alternative asset manager KKR has sold a 0.65 percent stake in SBI Life, the insurance subsidiary of the State Bank of India, for INR5 billion (approximately USD73 million) on the National Stock Exchange of India. KKR, which originally acquired a 4 percent stake in SBI Life in 2016 for… Read More
Asia-focused private equity fund manager Softbank Ventures Asia has held a first close for its Growth Acceleration Fund with KRW317 billion (approximately USD269 million) in commitments. Investors in the fund include SoftBank Group, Korea’s National Pension Service, and other institutional investors. The fund will invest in early-stage opportunities globally, with… Read More
A consortium led by global alternative investment firm Brookfield Asset Management has agreed to invest INR252 billion (approximately USD3.7 billion) in the controlling entity of Reliance Jio Infratel (RJIPL), an India-based telecommunications tower operator owned by conglomerate Reliance Industries. The capital will be used to acquire a 49 percent stake… Read More
China-based live streaming game platform DouYu International has raised USD775 million in its initial public offering (IPO) on Nasdaq. The offering consisted of 67.4 million American Depositary Shares (ADS) sold for USD11.50 per ADS, including 22.5 million ADS sold by existing shareholders. DouYu will use the proceeds from the listing… Read More
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