LGT Group, a global bank and alternative investment fund manager, has acquired India-focused impact investment firm Aspada from the Soros Economic Development Fund. Aspaga will join LGT’s existing impact investing arm, LGT Lightstone, to form Lightstone Aspada in India. LGT Lightstone will continue to focus on investment opportunities in Asia,… Read More
China-based pet services platform Pet Doctor will receive CNY130 million (USD18 million) in funding from Chinese investment group Fosun International. Pet Doctor intends to use the fresh capital to expand its nationwide sales network. Previous backers of the company include CICC Capital, Puhua Capital, and Probing Venture Capital. Read More
Global alternative investment manager KKR and Asia- and North America-focused venture capital firm GGV Capital have led a USD85 million investment in Huohua Siwei, a China-based online education platform. Other investors in the round include fund managers Sequoia Capital, IDG Capital, Northern Light Venture Capital, Hike Capital, Lightspeed Venture Partners,… Read More
Myanmar-focused private equity firm Anthem Asia has invested USD1 million in Shan Orchard Myanmar, a Myanmar-based grower and processor of avocados. Shan Orchard reportedly represents the first investment from Anthem’s Myanmar SME Venture Fund, which achieved a first close of USD34.5 million in August 2018. Read More
Haldiram Bhujiawala, the eastern India arm of India-based snack foods producer Haldiram, has acquired all brands of India-based restaurant operator Pan India Food Solutions from Everstone Capital, an India-focused private equity firm. Everstone established Pan India Food Solutions, which operates under the Blue Foods brand, to house its India franchise… Read More
BaltCap, a private equity firm focused on the Baltic countries, has agreed to sell Estonia-based online advertising company auto24 to Baltic Classifieds Group, a Lithuania-based advertising company owned by global private equity advisor Apax Partners. auto24 operates automotive classifieds portal itsauto24.ee and generalist classifieds website kuldnebors.ee. BaltCap and auto24’s management… Read More
Clean energy-focused infrastructure fund manager Armstrong Asset Management has agreed to sell a 100 percent stake in Vietnam-based wind power company Mekong Wind to Aboitiz Power Corporation, a Philippines-listed energy provider, for USD46 million. Mekong Wind owns and operates the 39.4-megawatt Dam Nai Wind Power Project in southern Vietnam. The… Read More
Nigeria-based freight logistics business Kobo360 has secured USD20 million in a Series A funding round led by global asset manager Goldman Sachs. Additional participants in the round include early-stage investors TLcom and Y Combinator, development finance institution IFC, Asia Africa Investment & Consulting, and local Nigerian banks. Kobo360, which helps… Read More
Global growth markets investor Actis has reached a final close for Actis Long Life Infrastructure Fund with USD1.2 billion in commitments. Investors in the fund include institutional investors from North America, Europe, Latin America, the Middle East, and Asia. The fund, which will mobilize up to USD2 billion considering co-investment… Read More
Southeast Asia-focused venture capital firm East Ventures has reached a final close for its sixth fund with USD75 million in capital commitments. Investors in the fund include high-net worth individuals Xing Wang, Eduardo Saverin, and Kaling Lim; family offices such as Sinarmas Group, Triputra Group, and Emtek Group; fund of… Read More
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