Emerging and frontier markets-focused investment firm Vostok Emerging Finance (VEF) has led a USD13 million Series B investment in Xerpa, a Brazil-based human resources and accounting services provider. Other investors in the funding round include Founders Fund, Kaszek Ventures, Redpoint e.ventures, and QED Investors. Xerpa will use the new capital… Read More
Japan-based technology conglomerate SoftBank Group has led a USD110 million investment in Brazil-based home furnishings online retailer MadeiraMadeira. Other investors in the funding round include early-stage venture capital firm Flybridge and technology-focused investment management firm Light Street Capital. The transaction reportedly values the company between USD300 and USD500 million. Flybridge… Read More
Catbus Infolabs, an India-based company that operates commercial logistic services provider Blowhorn, has secured funding from investors including India-focused venture capital firm Chiratae Ventures, Dell Foundation, Venture Catalysts, Dream Incubator, and Sorenson Impact founder James Lee Sorenson. Through its website and mobile application, Blowhorn connects truck drivers with business customers… Read More
Global alternative investment manager KKR has acquired a 10 percent stake in India-listed energy transmission and distribution company CG Power and Industrial Solutions for INR893 million (approximately USD13 million). KKR purchased the shares from Vistra ITCL, an India-based corporate trust services provider, through its non-banking financial company KKR India Financial… Read More
Global alternative asset manager TPG and Malaysia-based conglomerate Hong Leong Group have agreed to acquire the Southeast Asia operations of Malaysia-based health care provider Columbia Asia Hospitals from its US-based parent company Columbia Pacific Management. TPG and Hong Leong will acquire 17 hospitals and 1 health care clinic located in… Read More
Romania-focused private equity firm Morphosis Capital has acquired a significant minority stake in DocProcess, a Romania- and France-based business process automation company. The deal is reportedly the first investment from Morphosis’ debut fund. DocProcess, which operates through its cloud-based platform DocXchange, intends to deploy the new capital to expand its… Read More
China-based, US-listed consumer lending platform LexinFintech Holdings has agreed to issue USD300 million in convertible notes to Asia-focused private equity firm PAG through a private placement. Through the transaction, LexinFintech is expected to raise gross proceeds of USD264 million and will use the fresh funding to enhance its product offerings,… Read More
China-focused venture capital firm Sky9 Capital has reached closes for two funds with USD440 million in combined capital commitments. Sky9 Capital Fund IV, which will invest in Series A and Series B rounds, reached a final close with USD321 million in commitments while Sky9 Capital MVP Fund, which will focus… Read More
Southeast Asia-focused venture capital firm Gobi Partners has led a USD24 million investment in Indonesia-based low-cost financial services provider SuperAtom. Gobi invested through Meranti ASEAN Growth Fund. The company was incubated by and spun out of China-based, US-listed mobile internet company Cheetah Mobile, which also participated in SuperAtom’s latest funding… Read More
Global growth markets investor Actis has acquired the management rights to two funds previously managed by emerging markets-focused private equity fund manager The Abraaj Group. Actis will take over management of Abraaj Africa Fund II and Abraaj South East Asia Fund II. Actis had previously secured management rights to two… Read More
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