DEG Invests up to USD10m in Kenyan Retailer Naivas
German development finance institution DEG has agreed to invest up to USD10m in Kenya-based grocery retail distributor Naivas, along with co-investors Amethis Finance and IFC. Read more… Read More
Legend Capital and SoftBank Invest USD150m in Didi Chuxing’s Bike-Sharing Unit
Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, and SoftBank have invested USD150m in ride-hailing company Didi Chuxing’s bike-sharing unit Qingju. Didi invested USD850m, bringing the total commitments to USD1b. Read more… Read More
Warburg Pincus to Acquire Additional 17.11% Stake in China Auto Retailer (CAR) for USD145m
Warburg Pincus has agreed to acquire an additional 17.11% stake in Hong Kong-listed car rental service provider China Auto Rental (CAR) for USD145m. The purchase will bring Warburg’s stake in the company to 27.22%, making it the majority shareholder. Read more… Read More
GLP Reaches USD2.1b Final Close for China Income Fund I
Hillhouse Capital- and Hopu Investment Management-backed global real estate and private equity fund manager GLP has reached a USD2.1b final close for its China Income Fund I. The vehicle targets investments in the logistics real estate sector in China. Read more… Read More
DEG Provides Financing to Kenyan Macadamia Producer Limbua
German development finance institution DEG has provided financing to Kenya-based macadamia nut producer Limbua to support the expansion of its production. Read more… Read More
CICC Capital, Lyzz Capital, CITIC Securities Investment, and Huge Capital Lead USD160m Series C for Chinese Drug Developer Mabworks
CICC Capital, Lyzz Capital, CITIC Securities Investment, and Huge Capital led a CNY1.13b (approximately USD160m) series C for China-based drug developer Mabworks, with participation from SDIC Fund, Lake Bleu Capital, BoCom International, Beijing E-Town International Investment & Development, Sealand Innovation, and Yuexiu Enterprises. Read more… Read More
Africa’s Alitheia IDF Reaches USD75m Second Close
Alitheia IDF, a joint venture fund between Nigeria-based Alitheia Capital and South Africa-based IDF Capital, has reached a USD75m second close. The vehicle targets women-led SMEs in high growth sectors in Africa. Read more… Read More
Baring Vostok Acquires Minority Stake in Russian Ecological Products Manufacturer Synergetic
Russia- and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a minority stake in Russia-based eco-friendly detergents and cosmetics manufacturer Synergetic for an undisclosed amount. Read more… Read More
Hillhouse and Others Invest USD130m in Medical Device Developer MicroPort CardioFlow Medtech
China-focused private equity fund manager Hillhouse Capital, CPE, Lake Bleu Capital, Gamnat, China Reform Conson Soochow Overseas Fund I, Gortune Artemis Limited, and 3H Health Investment Fund have invested USD130m in MicroPort CardioFlow Medtech, a subsidiary of Hong Kong-listed medical device developer MicroPort Scientific Corporation, for a combined… Read More
Keppel Asia Infrastructure Fund Reaches USD570m Second Close with USD100m Commitment from AIIB
Keppel Capital, the asset management arm of Singapore’s Keppel Corporation, has reached a USD570m second close for its infrastructure private equity fund, Keppel Asia Infrastructure Fund, targeting USD1b. The Asian Infrastructure Investment Bank (AIIB) committed USD100m to the fund, with a co-investment sleeve of up to USD50m. Read More
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