China-focused private credit fund manager Dignari Capital Partners has reached a final close for DCP China Credit Fund II with USD626 million in capital commitments. The fund will provide debt financing to China-based companies in complex and time-sensitive financial situations across various sectors. Read More
Horizon Capital, a private equity fund manager focused on investments in mid-cap companies in Ukraine and the neighboring region, has acquired a minority stake in Ukraine-based private health care services provider Dobrobut through Emerging Europe Growth Fund III. Dobrobut owns and operates a network of clinics and hospitals in the… Read More
India-focused alternative asset manager Steadview Capital Management has acquired a stake in India-based fantasy sports game developer Dream11 for a reported sum of USD60 million from existing investors Kalaari Capital, Multiples Alternate Asset Management, and Think Investments. Kalaari and Multiples originally invested in the company in 2015 and 2017, respectively,… Read More
Network International, a UAE-based payment solutions provider backed by global private equity fund managers Warburg Pincus and General Atlantic, has completed its initial public offering (IPO) on the London Stock Exchange. The offering consisted of 250 million shares sold by Emirates Bank, Warburg, and General Atlantic at a price of… Read More
Investors in Brazil-based, US-listed payments and financial technology company StoneCo have raised USD790 million in a secondary follow-on offering on the New York Stock Exchange. Selling shareholders offered 19.5 million Class A common shares at a price of USD40.50 per share. Global growth markets investor Actis partially exited its stake… Read More
Asia-focused alternative asset manager Baring Private Equity Asia (BPEA) has agreed to invest INR26 billion (approximately USD379 million) for a 30 percent stake in NIIT Technologies, an India-listed information technology group. BPEA will purchase 18.85 million shares of the company at a price of INR1,394 (USD20.11) per share from NIIT… Read More
China-focused private equity fund manager Harvest Capital has reached a first close for Harvest (Tianjin) Consumer Service Industrial Investment Fund with CNY3 billion (approximately USD447 million) in capital commitments. The fund will target China-based consumer services companies, aiming to take advantage of growing personal consumption trends. Read More
China health care-focused private equity fund manager Shiyu Capital has reached a final close for Danqing Fund II with CNY3.2 billion (approximately USD474 million) in capital commitments. Investors in the fund include government-guidance funds, insurance companies, domestic and foreign pharmaceutical companies, asset managers, and ultra-high-net-worth individuals. The fund will target… Read More
Brazil-focused alternative asset manager Patria Investments has sold a 20 percent stake in Brazil-based elderly care provider Brasil Senior Living (BSL) to France-based long- and short-term care company Orpea. As part of the transaction, Orpea has the option to wholly acquire the company within the next five years. BSL operates… Read More
India-based medical technology company SigTuple Technologies has raised USD16 million in a Series C funding round led by US-based investor networking platform Trusted Insight. Existing investors Accel Partners, Chiratae Ventures, Pi Ventures, and Trifecta Capital, as well as Flipkart co-founder Binny Bansal, also participated in the round. SigTuple uses artificial… Read More
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