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
Pan-African food and agriculture-focused private equity fund manager EXEO Capital has acquired a significant minority stake in Tanzania-based woven polymer products manufacturer PPHL. The company produces bags, sacks, and tarpaulins for the agriculture and cement industries in Southern and Eastern Africa. EXEO invested through Agri-Vie Fund II. Financial details of… Read More
Southeast Asia-focused venture capital fund manager Monk’s Hill Ventures has led a USD6.8 million Series B investment in Glints, a Singapore-based career development and recruitment platform. Other investors in the funding round include Asia-focused venture capital firms Fresco Capital, MindWorks Ventures, and Wavemaker Partners. Glints intends to use the new… Read More
Global growth markets investor Actis has acquired the management rights to two funds formerly managed by emerging markets-focused private equity fund manager The Abraaj Group. Actis will take over management of Abraaj Private Equity Fund IV, a global buyout fund, and Abraaj Africa Fund III, a fund focused on sub-Saharan… Read More
Poland- and Central Europe-focused private equity fund manager Value4Capital has reached a final close for V4C Poland Plus Fund with EUR91 million (approximately USD103 million) in commitments. Investors in the fund include development finance institutions EBRD, EIF, and PFR, as well as a variety of Polish investors. The fund, which… Read More
Global Capital Management (GCM), the alternative asset management arm of Global Investment House, and the Boodai family, owners of Kuwait-based conglomerate BoodaiCorp, have sold a 60 percent stake in Kuwait-based port management and logistics services company Jassim Transport and Stevedoring Company (JTC) to Kuwait-based Qurain Petrochemical Industries Company (QPIC). GCM… Read More
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