A consortium led by Asia middle market-focused private capital fund manager Olympus Capital Asia has acquired a 25 percent stake in Thai Credit Retail Bank, a Thailand-based microfinance bank, for USD91 million from Southeast Asia-focused private equity firm Northstar Group. A portion of the total investment will be contingent on… Read More
A consortium led by global private capital fund manager CVC Capital Partners has agreed to acquire a 30 percent stake in GEMS Education, a UAE-based K-12 school operator. The investment will facilitate exits for global principal investment firm Fajr Capital, global alternative asset manager Blackstone Group, and Bahraini sovereign wealth… Read More
Global alternative asset manager KKR has sold a 0.65 percent stake in SBI Life, the insurance subsidiary of the State Bank of India, for INR5 billion (approximately USD73 million) on the National Stock Exchange of India. KKR, which originally acquired a 4 percent stake in SBI Life in 2016 for… Read More
Asia-focused private equity fund manager Softbank Ventures Asia has held a first close for its Growth Acceleration Fund with KRW317 billion (approximately USD269 million) in commitments. Investors in the fund include SoftBank Group, Korea’s National Pension Service, and other institutional investors. The fund will invest in early-stage opportunities globally, with… Read More
A consortium led by global alternative investment firm Brookfield Asset Management has agreed to invest INR252 billion (approximately USD3.7 billion) in the controlling entity of Reliance Jio Infratel (RJIPL), an India-based telecommunications tower operator owned by conglomerate Reliance Industries. The capital will be used to acquire a 49 percent stake… Read More
The InsuResilience Investment Fund, a fund set up by German development bank KfW and managed by global impact investment fund manager BlueOrchard Finance, has agreed to acquire a 39 percent stake in Royal Exchange General Insurance Company, a Nigeria-based provider of agriculture insurance. The funding will enable the company to… Read More
Afya Educacional, a Brazil-based medical education provider, has raised USD261 million in its initial public offering (IPO) on Nasdaq. The offering consisted of 13.7 million shares, including a secondary offering of 1.9 million shares, sold for USD19.00 per share. The company plans to use the proceeds from the offering to… Read More
Frontier market investment firm CrossBoundary and PowerGen Renewable Energy, a Tanzania-based micro-grid developer, have agreed to invest USD5.5 million to finance the development of 60 mini-grids in Tanzania. The project is estimated to bring power to 34,000 people in rural homes and businesses. As part of the transaction, CrossBoundary has… Read More
China-based live streaming game platform DouYu International has raised USD775 million in its initial public offering (IPO) on Nasdaq. The offering consisted of 67.4 million American Depositary Shares (ADS) sold for USD11.50 per ADS, including 22.5 million ADS sold by existing shareholders. DouYu will use the proceeds from the listing… Read More
Global alternative asset manager Investcorp has held a final close for IDFC Private Equity Fund IV with INR10 billion (approximately USD145 million) in commitments. Investors in the fund include high-net worth individuals and international institutional investors. Investcorp took over management of the fund, which held a first close in 2016,… Read More
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