Brazil-focused real estate and private credit fund manager Hemisfério Sul Investimentos (HSI) has acquired Class A office buildings Evolution and Itower, located in the São Paulo, Brazil metropolitan area, for a combined BRL400 million (USD104 million). The buildings reportedly have an occupancy rate of 95 percent, with corporate tenants such… Read More
Middle East-focused fund managers Algebra Ventures and Ezdehar Management have invested in Egypt-based loyalty services solutions provider Dsquares. The company provides customer loyalty management solutions to corporate clients in the Middle East and Africa. Ezdehar previously invested in Dsquares in 2018 through Ezdehar Egypt Mid-Cap Fund. Financial details of the… Read More
India-based agricultural robotics company TartanSense has raised USD2 million in a seed round led by Asia-focused venture capital fund managers Omnivore, Blume Ventures, and BEENEXT. Other participants in the funding round include angel investors Dileep George, Akash Gupta, Samay Kohli, and Kush Jawahar. TartanSense plans to use the capital to… Read More
GCC-focused alternative asset manager Alkhabeer Capital has completed three investments in the Middle Eastern education sector, acquiring 100 percent stakes in UAE-based Capital School and Saudi Arabia-based Azezeyah, as well as a 90 percent stake in Saudi Arabia-based Tanmiyah Company. The three companies operate schools with a combined capacity of… Read More
Korea-focused fund manager IMM Private Equity has agreed to acquire the Korean assets of global industrial gas and engineering company Linde Group for KRW1.3 trillion (approximately USD1.1 billion). IMM will acquire the group’s industrial gas business while Linde will reportedly retain its specialty gas operations in Korea. The transaction is… Read More
Washington, DC, 8 March 2019: EMPEA, the global industry association for private capital in emerging markets, today announced its 2019 gender initiatives in conjunction with International Women’s Day. The initiatives will be led by the Gender Parity Acceleration Working Group of the EMPEA ESG Community. The Working Group is comprised… Read More
China-based electric vehicle manufacturer Weltmeister Motor (WM Motor) has raised CNY3 billion (approximately USD447 million) in a Series C round led by Baidu, a China-based internet company. China-focused venture capital firm Linear Venture and government-backed asset management company Taihang Industrial Fund also invested in the round. WM Motor plans to… Read More
China-focused growth equity fund manager Boyu Capital has reached a final close for its USD-denominated fourth fund with USD3.6 billion in capital commitments. Investors in the fund include Singaporean sovereign wealth funds GIC and Temasek Holdings, Chinese businessman Li Ka-shing, family offices, and pension funds, including New York Common Retirement… Read More
China-focused venture capital fund manager MSA Capital (formerly known as Magic Stone Alternative Investment) has reached a first close for MSA China Fund II with USD197 million in capital commitments. The fund received commitments from 13 investors and is targeting a final close of USD250 million in total commitments. MSA… Read More
India-based e-commerce logistics platform Delhivery has raised USD395 million in a Series F funding round led by Japan-based technology and investment group SoftBank. Global alternative asset management firm The Carlyle Group and China-based conglomerate Fosun International also participated in the round, which reportedly values Delhivery at USD1.6 billion. SoftBank invested… Read More
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