Venture capital firm Nexus Venture Partners has closed Nexus India Capital IV, the firm’s fourth early-stage venture fund, with US$304 million in capital commitments. In addition, the firm has raised US$130 million for a top-up fund focusing on later-stage investments in existing portfolio companies. Commitments for the two vehicles reportedly… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$15 million in Guanghua Education Group (GH Education), a China-based private school operator. The transaction was structured through CNEI Fund II. GH Education intends to use the capital to set up new schools and campuses, as well as… Read More
Pan-emerging markets private equity firm Actis has agreed to sell its majority stake in India-listed automobile light manufacturer Phoenix Lamps to India-listed automobile cable manufacturer Suprajit Engineering for up to INR1.5 billion (approximately US$24 million). Actis will sell a 51 percent stake for INR1.2 billion (approximately US$20 million), and then,… Read More
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
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