Singapore-based mobile internet and gaming platform Garena Interactive Holding has raised a US$170 million Series D financing round from Khazanah Nasional—an investment fund controlled by the Malaysian government—and China-based internet company Tencent Holdings. The investment reportedly valued the company at more than US$3.75 billion. Garena plans to use the fresh… Read More
Africa-focused private investment firm Helios Investment Partners has acquired 100 percent of emerging markets-focused financial services companies Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) following the receipt of regulatory approvals. The transactions were structured through Helios Investors III. CAB and CAIM provide payments, trade finance, foreign exchange… Read More
China-based fresh food e-commerce platform Yiguo has raised a Series C financing round from global investment firm KKR and China-based e-commerce company Alibaba Group, an existing investor in Yiguo. KKR’s portion of the investment was structured through KKR China Growth Fund. Yiguo, which sells seafood and fruit online, plans to… Read More
Veritas Finance, an India-based financial services provider for micro and small enterprises, has raised an INR300 million (approximately US$4.5 million) Series A funding round led by Sarva Capital, a fund managed by India-based venture capital firm Lok Capital. India-focused impact investment firm Caspian Impact Investment Adviser also participated in the… Read More
Private equity and venture capital firm Vision Knight Capital has led a US$20 million Series B financing round for Singapore-based Ezbuy, an online shopping platform formerly known as 65daigou. Other investors in the round included existing backers IDG Ventures and China Growth Capital. Ezbuy will use the fresh funds to… Read More
Private equity firms CMC Capital Partners and FountainVest Partners have sold 20 million shares in Hong Kong-listed cinema company IMAX China via a block trade on the Hong Kong Stock Exchange. The sale was part of an agreement in which CMC and FountainVest extended the lock-up period for their remaining… Read More
Cross-border private equity firm Cathay Capital Private Equity has completed an investment in China-based human resources recruitment platform Ifchange. The transaction was structured through Cathay Innovation Fund. Ifchange provides cloud-based tools for job seekers and human resources professionals. Financial details of the transaction were not disclosed. Read More
Global growth markets investor The Abraaj Group has led a US$150 million funding round for India-based online grocery company BigBasket. Other participants in the round included development finance institution International Finance Corporation (IFC), which contributed US$19.3 million; growth investment firm Sands Capital Management; and venture capital firms Bessemer Venture Partners,… Read More
Emerging markets-focused venture capital firm Digital Media Partners has led a US$2.5 million Series A financing round for Medical Departures, a Thailand-based online platform connecting patients with doctors and dentists around the world. Other investors in the round included media company Hubert Burda Media, internet services-focused investor CyberAgent Ventures and… Read More
China-focused private equity and venture capital firm CDH Investments has sold a 21.66 percent stake in Hong Kong-listed Beijing Digital Telecom, operator of a chain of mobile phone retailers in China, for HKD367 million (approximately US$47 million) on the Hong Kong Stock Exchange. CDH originally invested in the company in… Read More
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