Asian Development Bank has approved a USD100m loan to the Government of Mongolia to support its response to the COVID-19 outbreak through its COVID-19 Rapid Response Program. As a part of the funding, support will be provided to micro, small, and medium-sized enterprises, including those engaged in international… Read More
Pirineus Multistrategy Investment Fund has acquired Brazilian power distributor Centrais Eletricas Brasileiras’ (Eletrobras’) 49% stake in Brazil-based 26-MW Mangue Seco 2 wind farm for BRL33m (approximately USD5.7m). Read more… Read More
Sequoia Capital India led a USD109m Series A for Indonesia-based coffee chain Kopi Kenangan, with participation from B Capital, Verlinvest, Kunlun, Sofina, and existing investor Alpha JWC Ventures. Read more… Read More
Warburg Pincus and Eight Roads Ventures have exited part of their stakes in Mumbai-listed drugmaker Laurus Labs. Warburg Pincus recently sold a nearly 8% stake for USD49m, after previously divesting shares for USD51m during the company’s IPO in December 2016. Warburg still holds an 11.26% stake in Laurus… Read More
General Atlantic led a USD300m funding round for China-based grocery e-commerce platform Dingdong Maicai. Earlier backers in the company include Sequoia Capital China and Qiming Ventures. Read more… Read More
Emerging markets-focused alternative asset manager The Rohatyn Group (TRG) has acquired Optimapharm, a Croatia-based contract research organization with operations throughout Europe, from Central and Eastern Europe-focused private credit fund manager Mezzanine Management. Read more… Read More
Legend Capital led a USD141m funding round for Chinese pharmaceutical company Novast Holdings via a private placement. Shiyu Capital, Xiamen C&D, HighLight Capital, Highsino, and China’s Service Trade Fund also participated in the private placement. Read more… Read More
Temasek-backed US- and Asia-focused VC fund manager Vertex Ventures, led a USD26.5m Series D for Taiwan-based social media startup M17 Entertainment, with participation from Stonebridge Korea Unicorn Venture Fund, Innoven Capital Singapore, Kaga Electronics, and ASE Global Group. Read more… Read More
Ukraine-based VC fund Genesis Investments led a USD1.5m seed investment for Belarus-based video editing application VOCHI. Read more… Read More
CB Growth One, a fund managed by Slovakia-based VC fund manager CB Investment Management, has invested EUR1m (approximately USD1.1m) in Slovakia-based agtech Nitroterra. Read more… Read More
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