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CDH Investments Leads US$100 Million Investment in UBTECH Robotics (Asia)
China-focused private equity and venture capital firm CDH Investments has led a US$100 million funding round for China-based robot designer and manufacturer UBTECH Robotics. China-based investment bank CITIC Securities and other undisclosed investors also participated in the round. UBTECH plans to use the new capital for research and development, exploring more applications in new industries and building new research centers… Read More
Hamilton Lane Private Equity Fund IX Closes with US$516 Million in Commitments (Global)
Global private markets advisor Hamilton Lane has closed its latest global fund of funds Hamilton Lane Private Equity Fund IX with US$516 million in capital commitments, exceeding its original target of US$400 million. Investors in the fund include public and private pension funds, endowments, foundations and other institutions. The fund will primarily target funds focused on small- to mid-cap opportunities… Read More
Baring Vostok Sells Stake in Russia-based Cinema Chain Karo to UFG Private Equity (CEE and CIS)
Russia- and CIS-focused private equity firm Baring Vostok Capital Partners has sold its stake in Russia-based cinema chain Karo to UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management. Both Baring Vostok and UFG were part of a consortium of investors that took control of Karo in 2012. Financial details of the… Read More
Kandeo Acquires Acceso Crediticio (Latin America)
Latin America-focused private equity firm Kandeo has reportedly acquired Peru-based automotive lender Acceso Crediticio for US$51 million. The transaction represents Kandeo’s first investment in Peru. Read More
Baring Vostok Capital Partners and Yandex Invest US$5.5 Million in Russia-based Doc+ (CEE and CIS)
Russia and CIS-focused private equity firm Baring Vostok Capital Partners has led a US$5.5 million funding round for Russia-based Doc+, a company that allows people to call doctors to their homes via a mobile application. Russia-based internet services company Yandex also participated in the round. Doc+ will use the capital to expand to new cities and invest in marketing. Read More
Consortium Invests in Suryoday Microfinance; Aavishkaar and Lok Capital Exit (Asia)
A consortium of investors has completed an INR2.25 billion (approximately US$34 million) financing round for India-based specialty lender Suryoday Microfinance. As part of the transaction, India-focused private equity firm Aavishkaar has fully exited the company and India-focused impact investment firm Lok Capital has partially exited its stake. Investors in the round included India-focused private equity firms Gaja Capital, ASK Pravi… Read More
BOV Capital Reaches First Close for Sri Lanka-focused Venture Capital Fund (Asia)
BOV Capital, a Sri Lanka-focused venture capital firm, has reached an initial close for its first fund with INR300 million (approximately US$4.5 million) in capital commitments. Investors in the fund, which has an INR1 billion (approximately US$14.9 million) target, include a number of Indian high net-worth individuals and additional investors from Singapore. The fund will focus on business-focused software-as-a-service startups… Read More
IDG Capital Partners Reaches US$1 Billion Final Close for IDG Capital Fund III (Asia)
China-focused investment firm IDG Capital Partners has reached a final close for IDG Capital Fund III with US$1 billion in capital commitments. The fund, which was raised in partnership with United States-based venture capital investor Breyer Capital, will focus on investing in technology, media and telecommunications, health care, energy and consumer products in China, as well as in global companies… Read More
FIR Capital BZPlan Sells Brazil-based Logistics Company Axado for BRL26 Million (Latin America)
FIR Capital BZPlan, a partnership between Brazil-focused private equity firms FIR Capital Partners and BZPlan, has sold its stake in Brazil-based freight management company Axado to Argentina-based e-commerce company Mercado Libre for BRL26 million (approximately US$7.9 million). FIR Capital BZPlan originally invested in the company in 2013 in a transaction structured through Fundo SC, an investment vehicle focused on emerging… Read More
Mekong Capital Invests US$6.9 Million in Vietnam-based Wrap & Roll (Asia)
Vietnam-focused private equity firm Mekong Capital has invested US$6.9 million in Vietnam-based restaurant chain Wrap & Roll. The transaction was structured through Mekong Enterprise Fund III. Wrap & Roll, which currently operates 11 restaurants in Vietnam and four franchise locations in Singapore, plans to work with Mekong to grow internationally. Read More
Brookfield Asset Management Closes Brookfield Infrastructure Fund III (Global)
Brookfield Asset Management has reached a final close for Brookfield Infrastructure Fund III with US$14 billion in capital commitments. Investors in the fund include public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices, as well as Brookfield itself, which committed US$4 billion. The fund has a global remit and invests in core infrastructure assets… Read More
The Carlyle Group- and RRJ-backed China Logistics Property Holdings Completes IPO (Asia)
China Logistics Property Holdings, which is backed by global alternative asset manager The Carlyle Group and Asia-focused private equity firm RRJ Capital, has completed an initial public offering (IPO) on the Hong Kong Stock Exchange, raising approximately HKD3.4 billion (approximately US$434 million). The company will use approximately 15 percent the proceeds of the IPO for development of additional logistics park… Read More