Impact investment fund manager responsAbility Investments has acquired a minority stake in Suminter, an India-based supplier of organic food products from Asia and Africa. The company will use the funds for working capital financing and to expand its operating capacity. Separately, responsAbility and Germany-based distributed solar energy developer REDAVIA have… Read More
Global alternative asset manager KKR has reportedly sold its 4.7 percent stake in Vietnam-based conglomerate Masan Group to Singaporean sovereign wealth fund GIC and other unnamed investors for US$209 million through a secondary offering. KKR originally invested US$100 million in Masan Group in 2017. Separately, KKR and China-based internet and… Read More
India-focused private equity fund manager Gaja Capital has invested INR750 million (approximately US$10 million) in India-based KOOH Sports. The company provides various youth sports development and talent scouting programs in India and the United Arab Emirates. Gaja plans to integrate KOOH into its existing sports management portfolio company SportzVillage. Read More
Impact Investment Exchange (IIX), an Asia-focused impact investment firm, has led a Series A round of US$1.66 million for Bangladesh-based off-grid solar energy company SOLshare. Portugal-based power company Energias de Portugal and Innogy New Ventures, the venture capital arm of Germany-based utility company Innogy, also participated in the funding round. Read More
Arco Educação, a Brazil-based company providing curriculum, teacher training and consulting services to educational institutions, has raised US$194 million via its initial public offering on Nasdaq. The company, which is backed by global growth equity firm General Atlantic, sold approximately 11.1 million shares at a price of US$17.50 per share… Read More
Viomi Technology, a China-based manufacturer of internet of things-enabled smart home appliances, has raised US$103 million via its initial public offering on Nasdaq. The company sold 11.4 million American Depositary Shares (ADS) at a price of US$9 per ADS. Viomi was previously backed by Sequoia Capital, Shunwei Capital Partners and… Read More
Global alternative investment manager KKR has agreed to exit part of its stake in United Group, a Netherlands-based telecommunications company serving Southeast Europe, to international investment firm BC Partners. The deal, which is subject to regulatory approvals, reportedly values the company at EUR2.6 billion (approximately US$3.1 billion) including debt. KKR… Read More
The SoftBank Vision Fund, a private investment fund managed by Japan-based technology conglomerate SoftBank, has led an investment of US$1 billion in India-based hospitality chain OYO Rooms. Venture capital fund managers Sequoia Capital and Lightspeed Venture Partners and principal investment firm Greenoaks Capital also participated in the funding round. The… Read More
Southeast Asia-focused venture capital fund manager Golden Gate Ventures has led a pre-Series B funding round of US$15 million for Shohoz, a Bangladesh-based ride-hailing and online ticket booking platform. Singaporean angel investor Koh Boon Hwee and early-stage venture capital firms Linear Venture and 500 Startups also participated in the funding… Read More
Private equity impact investors LGT Impact and Lok Capital have committed INR650 million (approximately US$9 million) in a Series C financing round for Unmeed Housing Finance, an India-based provider of home loans to low- and middle-income families. LGT invested INR600 million (approximately US$8.3 million), and Lok, which also participated in… Read More
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