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Warburg Pincus-backed Techcombank to Raise US$922 Million in IPO (Asia)
Vietnam-based private sector lender Techcombank, which is backed by global private equity fund manager Warburg Pincus, will reportedly raise US$922 million in its initial public offering on the Ho Chi Minh City Stock Exchange. The bank has agreed to sell 164 million shares, representing 14.1 percent of its total equity capital, at VND128,000 (approximately US$5.62) per share in the offering… Read More
Victoria Capital Partners Acquires Import Sports (Latin America)
Latin America-focused private equity fund manager Victoria Capital Partners has acquired Brazil-based sports nutrition distributor Import Sports. The company is the exclusive distributor in Brazil of brands including Optimum Nutrition, Dymatize, Isopure and Ultimate Nutrition. Financial details of the transaction were not disclosed. Read More
Gaja Capital Partially Exits TeamLease for US$25 Million (Asia)
India-focused private equity fund manager Gaja Capital has partially exited India-based staffing services company TeamLease for INR1.65 billion (approximately US$25 million). Gaja sold 746,810 shares, representing a 4.37 percent stake, at INR2,210 (approximately US$33.58) per share on the Bombay Stock Exchange and the National Stock Exchange of India. Gaja invested in the company in 2009 and 2011 through Gaja Capital… Read More
TLcom Capital Leads US$3.5 Million Series A Round for mSurvey (Sub-Saharan Africa)
Telecom, media and technology-focused venture capital fund manager TLcom Capital has led a US$3.5 million Series A funding round for Kenya-based consumer research company mSurvey. Additional participants in the round include technology-focused impact investment firms Social Capital and Kapor Capital, Africa-focused impact investment holding company Golden Palm and Net Promoter Score co-founder Richard Owen. mSurvey, which recently opened offices in… Read More
Imperativ Hospitality Raises US$17 Million Series B Round from Samena Capital (Asia)
India-based budget hotel chain Imperativ Hospitality has raised INR1.1 billion (approximately US$17 million) in a Series B funding round from Samena Capital, a principal investment group focused on South Asia, the Middle East and North Africa. Through the investment, Samena has acquired a 33 percent stake in the company, which operates under the Bloom Hotels brand. Imperativ currently runs eight… Read More
EverSource Capital Reaches US$344 Million First Close for Green Growth Equity Fund (Asia)
EverSource Capital, a green infrastructure-focused investment platform formed by India- and Southeast Asia-focused private equity firm Everstone Capital and India- and U.K.-based solar energy company Lightsource BP, has reached a first close for the Green Growth Equity Fund (GGEF) with GBP240 million (approximately US$344 million) in capital commitments. The U.K. government and India’s government-backed National Investment and Infrastructure Fund have… Read More
EXEO Capital and Norfund Invest US$17 Million in Marginpar Flower Group (Sub-Saharan Africa)
Pan-African food and agriculture-focused private equity fund manager EXEO Capital and Norwegian development finance institution Norfund have invested US$17 million in East Africa-based flower producer Marginpar Flower Group Holdings. EXEO Capital invested through Agri-Vie Fund II. The new capital has helped to finance the Marginpar Flower Group’s acquisition of Kenya-based Carzan Flowers, Marginpar Ethiopia and Netherlands-based flower marketer and distributor… Read More
Qiming Venture Partners Closes Three Funds Totaling US$1.4 Billion (Asia)
China- and U.S.-focused venture capital fund manager Qiming Venture Partners has closed three new funds with US$1.4 billion in total capital commitments. The funds include Qiming Venture USD Fund VI with US$935 million, Qiming Venture RMB Fund V with CNY2.1 billion (approximately US$335 million) and Qiming U.S. Healthcare Fund I with US$120 million in commitments. The former two funds will… Read More
CoinAfrique Raises $3 Million Series A Round from Investisseurs & Partenaires and Others (Sub-Saharan Africa)
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. CoinAfrique, which launched in 2015 and participated in the World… Read More
CoinAfrique Raises $3 Million Series A Round from Investisseurs & Partenaires and Others (Sub-Saharan Africa)
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. CoinAfrique, which launched in 2015 and participated in the World… Read More
CITIC Capital Partners Acquires Majority Stake in Jiangsu SKY Facility Management (Asia)
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, which completed the investment through its China-focused buyout fund, will… Read More
Lone Star and RattanIndia Invest US$398 Million to Launch RattanIndia Finance (Asia)
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 to Indian small- and medium-sized enterprises. The joint venture has… Read More