Warburg Pincus has partially exited its 17.24% stake in China-based oncology health care group Hygeia Healthcare via the company’s IPO on the HKEX. Warburg initially invested in Hygeia in 2015 and now holds a 13.79% stake. Read more… Read More
China Logistics Property Holdings has agreed to issue Bain Capital Credit USD100m convertible bonds at an initial conversion price of HKD3.19 per share. The proceeds from the bonds will be used for the repayment of existing indebtedness and other general corporate purposes. Read more… Read More
International Finance Corporation, IFU, and Proparco have agreed to provide up to USD108.5m in equity financing to health care company Humania to help improve medical care in Morocco and Egypt. The package comprises USD45m from the IFC, USD43.5m from IFU on behalf of the Danish SDG Investment Fund,… Read More
CDC Group has made a USD100m commitment to Helios Investors IV, a pan-African fund managed by Helios Investment Partners. CDC has also closed a USD100m trade finance risk sharing facility with Société Générale. The facility will support Société Générale’s efforts to increase the limits that it currently provides… Read More
Warburg Pincus has exited its remaining 11.68% stake in Mumbai-listed drugmaker Laurus Labs for USD84m. Warburg originally acquired a 32% stake in the company in 2014 and divested part of its shares through the company’s IPO in 2016 and through a recent transaction in May 2020. Read… Read More
FMO has approved the commitment of USD10m to Eco.business II Sub-Fund, an open ended debt fund managed by Finance-In-Motion, which will invest in ecologically sustainable businesses with a special focus on fighting deforestation in sub-Saharan Africa. Read more… Read More
FountainVest and Tiger Global Management led a USD750m Series E for China-based edtech Zuoyebang, with participation from Qatar Investment Authority, Sequoia Capital China, Softbank Vision Fund I, Tiantu Capital, and Xianghe Capital. Read more… Read More
KKR has agreed to acquire an 11.9% stake in Philippines-listed power developer First Gen Corp for USD192.2m through its Singapore-based subsidiary Valorous Asia Holdings. Read more… Read More
The Carlyle Group has agreed to acquire a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises for USD490m. Read more… Read More
International Finance Corporation has agreed to provide a USD50m senior loan to Kenya-based financial services provider Equity Bank Kenya under its COVID-19 Emergency Response WCS Envelope. The loan will expand the Bank’s lending operations to MSMEs in Kenya. Read more… Read More
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