China-based provider of mobile designated driving services eDaijia has completed a US$100 million Series D financing round led by global private equity firm Warburg Pincus and venture capital firms Matrix Partners and Lightspeed Venture Partners. The company had previously completed a US$25 million Series C funding round, in which Matrix… Read More
Anthem Asia, a Myanmar-focused investment and advisory group, has acquired a minority stake in Xavey, a Myanmar-based mobile data collection platform. Xavey intends to use the investment to accelerate its marketing and product development. Financial details of the transaction were not disclosed. Read More
East Africa-focused private equity and venture capital investor Fanisi Capital has acquired a minority stake in Kenya-based outdoor advertising firm Live Ad. The investment was structured through Fanisi Venture Capital Fund. Live Ad intends to use the fresh capital to expand its presence across Kenya and grow its product and… Read More
Key findings from the 2015 LP Survey: Over the next two years, 33% of LPs* plan to increase the percentage of their total PE allocation targeted at emerging markets (versus 41% in the 2014 survey), and 47% of LPs* anticipate increasing the dollar value of new commitments to EM… Read More
Indonesia-based financial services group Reliance Capital Management has received IDR562 billion (approximately US$43 million) from emerging markets financial services investor LeapFrog Investments, Dutch development bank FMO and global reinsurer PartnerRe. Reliance serves 750,000 clients and operates 37 office locations in 20 cities throughout Indonesia. Read More
Global investment firm Platinum Equity has acquired a majority stake in Ying Shing Enterprises from the company’s founder, who will remain a minority shareholder. Ying Shing is a China-based manufacturing solutions provider for customized precision-engineered plastic injection molded and metal stamping components. Platinum Equity intends to expand the business through… Read More
India-based goods and passenger transport services provider VRL Logistics has completed an IPO on the Bombay Stock Exchange and National Stock Exchange, which included a fresh issue of shares as well as exits for promoters of the company and New Silk Route Growth Capital (NSR), an Asia-focused growth capital firm. Read More
The Indian Budget, 2015 – the first full fiscal year budget of the ‘Modi Government’ was presented by the Finance Minister before the lower house of the Parliament on February 28, 2015 by way of the Finance Bill, 2015 (“Bill”). The budget has sought to provide much needed clarity… Read More
Specialist bank and asset manager Investec Bank has led an US$84 million Series C funding round for China-based peer-to-peer online lending platform Jimubox, with participation from Haitong Kaiyuan, the private equity arm of Haitong Securities. Mandra Capital and Zhong Capital Fund, along with existing investors Matrix China Partners, Xiaomi, Shunwei… Read More
Global private equity firm Advent International, in partnership with Singaporean sovereign wealth fund Temasek Holdings, has agreed to acquire a 34 percent stake in the consumer products business of India-based conglomerate Crompton Greaves for a reported INR20 billion (approximately US$316 million). Crompton Greaves Consumer Electricals (CGCEL) manufactures and markets fans,… Read More
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