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Lakeshore Capital Partners Invests in ReadyPlanet (Asia)
Thailand-focused private equity firm Lakeshore Capital Partners has invested in Thailand-based digital marketing company ReadyPlanet. The transaction was structured through Lakeshore Capital Fund I. ReadyPlanet intends to use the new capital to support its move from the enterprise market to the retail market. Financial details of the transaction were not disclosed. Read More
Hony Capital Leads a CNY500 Million Series B Round for Linmon Pictures (Asia)
China-focused private equity fund manager Hony Capital has led a CNY500 million (approximately US$77 million) Series B financing round for China-based boutique entertainment studio Linmon Pictures. Investment holding company Tencent Holding and philanthropic organization Mango V Foundation also participated in the round. Linmon Pictures plans to use the new capital to expand its TV productions and add more entertainment products… Read More
Aqua Capital Raises US$188 Million for Its Second Fund (Latin America)
Aqua Capital, a private equity firm focused on growth investments in mid-market companies in Latin America, has held a first close for its second fund, Agribusiness Latin America Fund II, with US$188 million in capital commitments. Investors in the fund included United States-based endowment University of Texas Management Company and development finance institution DEG. The fund, which is reportedly targeting… Read More
Helios Investment Partners Agrees to Exit HTN Towers to IHS Towers (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners has agreed to sell its stake in Nigeria-based telecommunications tower company Helios Towers Nigeria (HTN Towers) as part of Africa-focused mobile telecommunications infrastructure provider IHS Towers’ acquisition of a 100% stake in the company. Other sellers in the transaction include South Africa-based holding company Pembani Group and Nigeria-based lender First City Monument Bank.… Read More
21 Concordia Backs Poland-based Laundry Service Provider Hollywood (CEE and CIS)
21 Concordia, a Poland-focused private equity firm affiliated with 21 Partners, has invested in Poland-based business to business laundry service provider Hollywood. With 21 Concordia's support, Hollywood plans to grow its business in Poland and enter new market segments and geographies. Financial details of the transaction were not disclosed. Read More
AfricInvest Invests in Silafrica Plastics and Packaging International (Sub-Saharan Africa)
Pan-African private equity firm AfricInvest has invested in Tanzania-based plastics manufacturer Silafrica Plastics and Packaging International (Silafrica). The transaction was structured through AfricInvest Fund III. Silafrica, which has a presence in Tanzania, Kenya, Ethiopia, Uganda and India, will use the new capital to expand both its product range and its geographic presence in Africa. Financial details of the transaction were… Read More
InQuba Receives an Investment from Convergence Partners (Sub-Saharan Africa)
Africa-focused investment management firm Convergence Partners has acquired a minority stake in South Africa-based customer experience software provider InQuba. The transaction was structured through Convergence Partners Fund I. InQuba will use the new funds to expand its presence and to enhance its product offering. Financial details of the transaction were not disclosed. Read More
Paragon Partners Growth Fund I Reaches a US$50 Million First Close (Asia)
India-focused private equity firm Paragon Partners has reached a first close for its maiden fund, Paragon Partners Growth Fund I, with US$50 million in capital commitments. Investors included India-based financial services companies IIFL and Edelweiss Group; India-based investment company Infina Finance; and Canada-based financial holding company Fairfax Financial. The fund will target companies in India across multiple sectors and has… Read More
Medu Capital Acquires Universal Paints and Elite Truck Hire for ZAR450 Million (Sub-Saharan Africa)
South Africa-focused private equity firm Medu Capital has acquired 100 percent ownership stakes in two South Africa-based companies, paint manufacturer Universal Paints and truck rental company Elite Truck Hire, for a total of ZAR450 million (approximately US$29 million). The transactions were structured through Medu III. Universal Paints manufactures and supplies decorative paint and coatings, while Elite Truck Hire provides short-… Read More
Amadeus Capital Leads a Series C Round for IndiaMART (Asia)
Technology-focused venture capital firm Amadeus Capital Partners has led a Series C round for India-based online marketplace IndiaMART. Other participants in the round included India-focused private investment firm WestBridge Capital; Quona Capital, an investor in growth-stage financial technology companies in emerging markets; and Intel Corporation’s venture capital arm Intel Capital. IndiaMART will use the new capital to scale its Indiamart.com… Read More
Aspada and Blume Ventures Participate in a Funding Round for Dunzo (Asia)
India-focused investment firm Aspada Investment Advisors, India-focused early stage venture capital firm Blume Ventures and a series of angel investors have invested US$650,000 in India-based Dunzo, the operator of a mobile application for managing personal tasks. The company, launched in 2015, allows consumers to complete a range of everyday tasks by connecting them with small merchants and contractors via a… Read More
MENA Infrastructure Exits Alexandria International Container Terminals & United Power Company (MENA)
MENA Infrastructure, an infrastructure fund manager focused on the Middle East, North Africa and Turkey region, has sold its 30 percent stake in Egypt-based port terminal operator Alexandria International Container Terminal to global port investor Hutchison Port Holdings. Separately, MENA Infrastructure has exited its 38 percent stake in Oman-based power plant operator United Power Company to Saudi Arabia-based renewable energy… Read More