Senegal-based classified advertisement platform CoinAfrique has raised EUR2.5 million (approximately US$3 million) in a Series A funding round. Investors in the round include Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires, as well as a pool of investors represented by co-investment platform French Partners and Francophone Africa-focused retailer Mercure International. Read More
CITIC Capital Partners, the private equity arm of alternative investment management and advisory firm CITIC Capital, has acquired a majority stake in China-based Jiangsu SKY Facility Management (SKYFM). SKYFM provides facility management services such as security and cleaning to a wide range of Chinese companies and institutions. CITIC Capital Partners,… Read More
Global alternative investment firm Lone Star Funds and India-based power, cement and mining conglomerate RattanIndia Group have jointly invested INR26 billion (approximately US$398 million) to launch RattanIndia Finance, a non-banking financial company. Lone Star and RattanIndia will each own a 50 percent stake in the company, which will provide loans… Read More
AION Investments, a joint venture between India-focused ICICI Venture Funds Management and U.S.-based alternative investment firm Apollo Global Management, and India-based steel manufacturer JSW Steel have agreed to acquire a 75 percent stake in bankrupt India-based steel and sponge iron producer Monnet Ispat & Energy for INR37 billion (approximately US$570… Read More
Daiwa PI Partners (DPI), an investment arm of Japan-based investment bank Daiwa Securities Group, has led a US$14.7 million investment in Myanmar-based online travel company Oway to support the company’s expansion. DPI contributed US$5 million, with the remaining funds coming from International Finance Corporation, Belt Road Investment Group and alternative… Read More
Singapore-based digital asset management platform Kristal.AI has raised US$1.85 million in a seed round led by technology-focused venture capital firm IDG Ventures India. Several angel investors, including Shailesh Rao and Amit Gupta, also participated in the round. Kristal.AI, which caters to investment funds and family offices in Singapore, Hong Kong… Read More
India-focused early-stage venture capital firm Saama Capital has reached a final close for Saama Capital IV with US$100 million in capital commitments. Investors in the fund include large family offices and endowments from outside of India. The fund will target investments in early-stage start-ups across a range of sectors, with… Read More
A consortium led by Asia-focused alternative investment firms MBK Partners and Baring Private Equity Asia has agreed to acquire China-based and New York Stock Exchange-listed car rental services company eHi Car Services at an implied equity value of US$937.5 million. The consortium will take the company private for a consideration… Read More
Zilingo, a Singapore-based fashion, beauty and lifestyle e-commerce platform, has raised US$54 million in a Series C round led by Belgium-listed investment company Sofina; Burda Principal Investments, the growth equity arm of Germany-based Hubert Burda Media; and global private equity and venture capital fund manager Sequoia Capital. Global technology investor… Read More
E-commerce platform Meituan-Dianping has agreed to acquire China-based bike-sharing company Mobike for a reported US$3.7 billion, including the assumption of US$1 billion in debt. Meituan will fund the acquisition through a combination of 35 percent equity shares and 65 percent cash. Mobike is backed by strategic investor Tencent Holdings, Singaporean… Read More
(default archive template)