US-listed fund manager Carlyle has invested USD698 million to the sub-Saharan Africa region aiming to focus in the consumer, transport, ICT and financial sectors and adding to J&J Africa, its current investment in the country.
Archives
Microsoft-Nokia acquisition deal to close on Friday
Microsoft's deal to acquire Nokia valued $7.2 billion have been set to close on Friday which is also in time for the company's target saying that the deal was expected to close during the first quarter of 2014.
Avaz AAC receives USD550000 funding round
Avaz AAC has received USD500000 funding round led by Inventus Capital and other investors including Mumbai Angels, Raju Reddy of Sierra Atlantic and Google India MD's Rajan Anandan for the development of an app directed for those who have autism.
Birchbox takes in USD60 million Series C funding round
Beauty box sampler, Birchbox, has received USD60 million in Series C funding round led by Viking Global Investors and other financiers including Accel Partners, Consigliere Brand Capital, Aspect Partners and First Round Capital.
Seplat: To end gas flaring in Nigeria in 5 years
Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.
Latest News
Midrand, South Africa-based innovative business solutions integrator Business Connexion (BCX) is eyeing additional acquisitions in Ghana and investment opportunities in the Kenya and Nigeria to widen its presence in the said markets.
Beijing, China-based travel and expense management services provider Baoku pocketed $10 million in its Series A funding round led by China Broadband Capital (CBC) and Asiainfo-Linkage to help people reduce their travel costs by 20% to 50%.
Keona Health, a Chapel Hill, US-based health tech startup that created software that helps nurses save time by taking patient histories and classify cases online, bagged $2.5 million in funding to accelerate its growth.
HS Group Ltd (HSG) will invest an undisclosed amount in Pleiad Investment Advisors, a new hedge fund in Hong Kong formed by former Soros Fund Management executives Kenneth Lee and Michael Yoshino, which will be launched in the third quarter of 2014.
Singaporean sovereign wealth fund Temasek Holdings (Private) Ltd backed chocolate retail chain The Cocoa Trees with an undisclosed amount of fresh capital as the travel retail sector of Asia enjoys a sudden rise in income.
Seoul, South Korea-based early stage venture capital firm K-Cube Ventures has emerged as one of the key players in the country's startup industry with its quick and risky investment deals that focus on startups that offer unique solutions to existing problems.
Hong Kong-based private equity firm EmergeVest picked up a controlling stake in Derbyshire, UK-based chilled and frozen food distributor NFT Distribution Operations for an undisclosed amount to expand its sales.
Canadian real estate investment firm Cannabis Rx reportedly purchased a 9.26-acre property near the Sarasota-Bradenton International Airport in Florida in a $1.2-million deal to turn it into a licensed grow facility or distribution center.
Although Google reportedly considered San Francisco, US-based mobile payments system Square Inc as a potential acquisition or merger candidate, the latter denied reports that it has entered acquisition talks with search giant.
