Hillhouse-backed Bull Group Raises USD511m in Shanghai IPO
Hillhouse-backed electrical product manufacturer Bull Group has raised USD511m in an IPO on the Shanghai Stock Exchange. Read more»… Read More
Northstar Group Leads USD20m Series A in Indonesian Edtech Zenius
Southeast Asia-focused fund manager Northstar Group led a USD20m Series A in Jakarta-based edtech platform Zenius Education. VC firms Kinesys Group and BeeNext also participated in the round. Read more»… Read More
Bertelsmann Investments, Source Code Capital, and Vision Plus Capital Invest USD10m in Mexico Fintech Stori
Bertelsmann Investments and Source Code Capital led a USD10m Series A in Stori, a Mexican digital bank, with follow-on from Vision Plus Capital. Read more»… Read More
Africa Capitalworks Acquires Stake in West Africa’s Gaselia
Sub-Saharan Africa-focused private equity firm Africa Capitalworks Management has acquired a significant minority stake in West Africa-based beverage company Gaselia Industries Group. Read more»… Read More
TLcom’s TIDE Africa Fund Secures Additional USD31m Bringing Fund Total to USD71m
Telecom, media, and technology-focused venture capital fund manager TLcom Capital has secured an additional USD31m for its TIDE Africa Fund, a sub-Saharan African-focused VC fund, bringing the current fund total to USD71m. Investors include CDC who committed… Read More
Ascent Capital Invests USD17.5m in Indian Pharmaceutical Startup Naari Pharma
Mid-market private equity firm Ascent Capital invested USD17.5m in Naari Pharma, an Indian pharmaceutical startup focused on products for women. Ascent portfolio company SeQuent formerly owned a 51% stake before a restructure that sold the company to the… Read More
Bridge One Investimentos Invests USD5.5m in Brazil’s Involves
Brazilian trade marketing software platform Involves received BRL23.5m (USD5.5m) from Bridge One Investimentos. This is the company’s first disclosed external financing. Read more»… Read More
Highlander Partners Exits Poland’s Akomex
US-based middle market private investment firm Highlander Partners has agreed to sell its stake in Poland-based packaging manufacturer Akomex Group to co-founder and minority shareholder Seabastian Śliwa, along with Central European fund manager Mezzanine Management. Read more»… Read More
Baring PE India Partially Exits Manappuram Finance for USD101m
Baring Private Equity Partners India sold more than half its stake in India-based gold loan financier Manappuram Finance via a share offering worth USD101.2m. According to Baring PE India, the fund recorded a return of 6.4 times on its investment with an IRR of 29%. Baring PE India… Read More
Indigo Partners Partially Exits Hungary’s Wizz Air for ~USD648.5m
Indigo Partners reduced its stake in Budapest-based low-cost airline Wizz Air from 20.6% to 3.4% by selling shares worth GPB500m (~USD648.5m). The partial exit was in an effort to comply with European Union ownership rules. Read more»… Read More
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