IFC
India's Ratnakar Bank raises $55m from investors
India's Ratnakar Bank has raised INR3.28 billion ($54.6 million) from a consortium of investors, including CDC Group and Asia Capital & Advisors, in return for a minority stake.
BVCF raises $200m for third China life sciences fund
BVCF, a China life sciences-focused PE firm, has reached a final close of $200 million on its third fund.
IFC to invest $85m in PepsiCo's India bottler
International Finance Corporation (IFC) is investing $85 million in Varun Beverages, the largest South Asian bottler for soft drinks giant PepsiCo.
IFC to support Brummer’s second Bangladesh fund
International Finance Corporation (IFC) plans to invest up to $20 million in Frontier Bangladesh II, a $100 million fund being raised by Swedish alternative asset manager Brummer & Partners.
IFC part exits Indian NBFC to WestBridge
International Finance Corporation (IFC) has made a partial exit from Cholamandalam Investment & Finance (CIF), an Indian non-banking finance company (NBFC), selling shares to WestBridge Capital.
IFC commits $50m to India's Cholamandalam NBFC
International Finance Corporation (IFC), the investment arm of World Bank, is investing INR3.15 billion ($50.7 million) in non-banking finance company (NBFC) Cholamandalam Investment & Finance (CIF).
IFC pumps $91m into Indian financial services providers
International finance Corporation (IFC), the investment arm of the World Bank, has committed around $91 million in three PE-backed non-banking financial companies (NBFCs) in India: Magma Fincorp, Bandhan Financial Services and Au Financiers.
IFC to back Gaja Capital's $250m India fund
The International Finance Corporation (IFC) plans to investment $25 million in Gaja Capital Partners’ second fund, which has an overall target of $250 million.
LotusPool targets $125m India fund, IFC to invest
LotusPool Capital, a private equity firm set up by executives from Actis and ePlanet Capital, has received a $15 million commitment from International Finance Corporation (IFC) for its debut fund. The vehicle, which has a target of $125 million, will...
On the shoulders of giants: DFIs and first-time funds
Backing from a development finance institution can be the making of a first-time GP in a far-flung jurisdiction. Working with this kind of LP, however, comes with its own set of challenges
Indonesia's Falcon House closes maiden fund at $212m
Falcon House Partners, an Indonesia mid-market GP, has reached a final close on its maiden fund at $212.4 million, exceeding its original $200 million target, nearly two years after launch.
GIC Private to anchor IFC Global Infrastructure Fund
Singapore sovereign wealth fund GIC Private has become an anchor investor in IFC Global Infrastructure Fund - a vehicle administered by the fund management arm of International Finance Corporation (IFC), IFC Asset Management Company (AMC) - which reached...
Indonesia: Infrastructure gridlock
There is substantial demand for infrastructure investment in Indonesia and plenty of opportunities to participate, yet progress is slow. Does the does the sector still hold promise for private equity?
Horizons, Infinity, IFC invest $65m in Israeli bio-agritech firm Kaiima
Kaiima Bio-Agritech, an Israel-based seed and breeding technology firm, has raised over $65 million from three new investors including Hong Kong billionaire Li Ka-Shing’s Horizons Ventures, International Financial Corporation (IFC), and Infinity Group....
Armstrong reaches $130m third close on SE Asia energy fund
Netherlands Development Finance Company FMO, the Swiss Investment Fund for Emerging Markets (SIFEM) and the IFC Catalyst Fund will invest about $45 million to Armstrong Asset Management's Southeast Asia cleantech fund, bringing the total capital raised...
Indian VC Aavishkaar closes Fund II at $94m
Aavishkaar Venture Management Services has closed its second fund, Aavishkaar II, at $94 million. Investors include the International Finance Corporation, Cisco, KfW, FMO, CDC Group and Rianta Capital, a London-based family office.
IFC, Invesco WLR lead Organica Water Series B round
WLR China Energy Infrastructure Fund (CEIF) - a private equity fund managed by Invesco WLR Private Equity - has taken part in a Series B round of funding for Organica Water, a global waste water treatment solutions provider, led by International Finance...
IFC invests in Indian education NBFC
International Finance Corporation will back Avanse Financial Services with $2.3 million to help expand its ability to provide loans to Indian students pursuing higher education.
Swedish asset manager backs $120m Philippines fund
Swedish alternative asset manager Brummer & Partners is backing a PHP5 billion ($120 million) Philippines-dedicated private equity vehicle known as the Navegar Fund.
PE, strategics back Gateway Distriparks subsidiary
Norwest Venture Partners has picked up a 14% stake in Indian port-based logistics operator Gateway Distripark's subsidiary Snowman Logistics for INR600 million ($10.4 million). Existing shareholders include International Finance Corporation (IFC) and...
IFC to lend $70m for Everbright Chinese water project
International Finance Corporation (IFC), the investment arm of the World Bank, will lend $70 million to China Everbright International to build three water plants in China.
IFC to support BioVeda’s $200m China fund
International Financial Corp.(IFC), the World Bank investment arm, plans to commit up to $20 million to the latest fund launched by healthcare-focused firm BioVeda China Fund (BVCF).
IFC, Infuse back Indian energy efficiency startup with $1.5m
The International Finance Corporation has invested $1 million in Ecolibrium Energy, a startup which provides a technology platform to reduce energy usage. Indian Fund for Sustainable Energy Ventures (INFUSE Ventures) will also invest $500,000 in the company.
IFC invests $5m in India’s NSL Renewables
The International Finance Corporation (IFC) has invested $5 million in Indian energy developer NSL Renewables Power Private Limited (NRPPL) to finance its wind and hydropower projects. NSL has raised a total of $120 million for the current phase of its...