GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Global Environment Fund Backs Compagnie des Bois du Gabon (Sub-Saharan Africa)
Global alternative asset manager Global Environment Fund (GEF) has invested in Compagnie des Bois du Gabon, a vertically-integrated tropical forest harvesting and wood processing company that manages a contiguous forest concession near the southern coast of Gabon. The Grantham Foundation for the Protection of the Environment, a philanthropic organization, co-invested with GEF. GEF structured its investment through GEF Forestry Fund.… Read More
Enko Capital Managers Reaches a Final Close for Enko Africa Private Equity Fund (Sub-Saharan Africa)
Enko Capital Managers, an Africa-focused asset management firm, has reached a final close for Enko Africa Private Equity Fund (EAPEF) with US$83.25 million in capital commitments. Investors in the fund included development finance institutions Proparco and African Development Bank, boutique investment manager Massena Partners, private family office Soros Brothers Investments and other institutional, family office and high net worth investors.… Read More
MIRA Closes Its Asian Regional Infrastructure Platform with US$3.1 Billion in Commitments (Asia)
Global infrastructure asset manager Macquarie Infrastructure and Real Assets (MIRA) has closed its Asian regional infrastructure platform with US$3.1 billion in capital commitments. The platform includes the Macquarie Asia Infrastructure Fund, which reached its hard cap of US$2.3 billion, and specialist investment vehicles. Investors included pension funds New Mexico State Investment Council and PGGM. The platform will focus on investment… Read More
Omidyar Network Backs India-based Newslaundry (Asia)
Philanthropic investment firm Omidyar Network has invested in India-based digital media platform Newslaundry. A number of individual investors have also participated in the round. Newslaundry will use the new capital to expand its team. Financial details of the transaction were not disclosed. Read More
Jaypore Raises an INR300 Million Series A Round from Aavishkaar (Asia)
India-based e-commerce platform Jaypore has raised an INR300 million (approximately US$4.4 million) Series A round from South- and Southeast Asia-focused impact fund advisory firm Aavishkaar. The investment will be made in two tranches. Jaypore, which sells products such as apparel and accessories, will use the new capital to scale up its technology infrastructure, build its brand and expand its team. Read More
Xpressbees Raises US$12.5 Million from SAIF Partners, IDG Ventures India and Others (Asia)
India-based e-commerce logistics company Xpressbees has raised US$12.5 million in a financing round from venture capital firms IDG Ventures India, New Enterprise Associates, Vertex Ventures and SAIF Partners. Hedge fund Valiant Capital Management also participated in the round. Xpressbees will use the new capital to upgrade its technology and expand its operations. Read More
KV Asia Capital Acquires a Majority Stake in Malaysia-based TF Value-Mart (Asia)
Southeast Asia-focused private equity firm KV Asia Capital, together with its local and international partners, has acquired a controlling interest in Malaysia-based hypermarket chain TF Value-Mart. The transaction was structured through KV Asia Capital’s investment vehicle Peta Sejahtera. Financial details of the transaction were not disclosed. Read More
Synergy Capital Managers Invests in Africa Terminals (Sub-Saharan Africa)
Nigeria- and Ghana-focused private equity firm Synergy Capital Managers has invested in Nigeria-based petroleum products and gas storage company Africa Terminals. The transaction was structured through Synergy Private Equity Fund. The company, which offers storage to both local and multi-country petroleum products trading companies, will use the new funding to acquire and develop storage terminals across the West African coast.… Read More
IDFC Alternatives Partially Exits Star Agriwarehousing and Collateral Management (Asia)
India-focused private equity firm IDFC Alternatives has sold a portion of its stake in India-based agricultural commodity warehousing service company Star Agriwarehousing and Collateral Management (StarAgri) to Singaporean sovereign wealth fund Temasek for a reported INR750 million (approximately US$11 million). IDFC Alternatives originally invested in StarAgri through its fund IDFC Private Equity Fund III. Read More
Northgate Capital Invests MXN200 Million in ABC Leasing (Latin America)
Global private equity fund manager Northgate Capital has invested MXN200 million (approximately US$11 million) in Mexico-based leasing solutions provider ABC Leasing. Northgate also has the option to inject an additional MXN100 million (approximately US$5.5 million) in the company over the next 18 months. With Northgate’s support, ABC Leasing will open regional offices, develop its network and implement other initiatives to… Read More
African Capital Alliance Buys a 49 Percent Stake in Continental Reinsurance (Sub-Saharan Africa)
West Africa-focused investment firm African Capital Alliance (ACA) has bought a 49 percent stake in Nigeria Stock Exchange-listed reinsurance company Continental Reinsurance from Morocco-based full line insurance company Saham Finances. The transaction was structured through ACA’s Capital Alliance Private Equity IV. Financial details of the transaction were not disclosed. Read More
KKR Buys a 9.95 Percent Stake in Max Financial Services for INR9.5 Billion (Asia)
Global investment firm KKR has acquired a 9.95 percent stake in India-listed Max Financial Services, the holding company of India-based private life insurance provider Max Life, from a sponsor group for INR9.5 billion (approximately US$139 million). The transaction was structured through KKR’s Asian Fund II. Max Financial Services, which recently demerged from India-based healthcare and insurance conglomerate Max Group, owns… Read More