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.
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
Seven Energy International Has Secured US$100M in Financing From Investors (Sub-Saharan Africa)
Nigeria-based integrated gas company Seven Energy International has secured US$100 million in financing from investors. Singaporean sovereign wealth fund Temasek, emerging markets-focused private equity firm Capital International Private Equity, multinational banking and financial services company Standard Chartered, development finance institution International Finance Corporation (IFC) and IFC subsidiary IFC Asset Management Company (IFC AMC) invested US$50 million by way of an… Read More
Emerging Markets Private Capital Fundraising and Investment Decline in 2015
Emerging Markets Private Capital Fundraising and Investment Decline in 2015; Bright Spots in Infrastructure and Real Assets, Credit and Venture Capital EMPEA’s just-released emerging markets (“EM”) private capital Year-End 2015 Industry Statistics reveal that private capital fund managers—inclusive of private equity, private infrastructure and real assets and private credit—raised US$44 billion for emerging markets in 2015, a 17% decline from… Read More
Golden Gate Ventures Leads a US$3.5 Million Seed Financing Round for Grana (Asia)
Hong Kong-based online clothing retailer Grana has secured an additional US$3.5 million in seed funding led by Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures. Venture capital firm Mindworks Ventures and Hong Kong-based luxury retailer Bluebell Group also participated in the round. Grana will use the capital to develop new products and expand internationally. Read More
Denham Capital-backed Nexif Energy Acquires a Controlling Interest in Viet Hydro (Asia)
Nexif Energy, a Southeast Asian independent power producer formed with the backing of energy-focused private equity firm Denham Capital, has taken a controlling interest in Vietnam-based hydro power project Coc San through the acquisition of a majority stake in Vietnam-based power producer Viet Hydro. Coc San, a run-of-the-river 30 MW hydro power project, is expected to commence electricity generation by… Read More
Unitus Impact’s Livelihood Impact Fund Reaches a US$45 Million Final Close (Asia)
Unitus Impact, an investment arm of Unitus Group, has reached a final close for its Livelihood Impact Fund with US$45 million in capital commitments. Investors included Australia-based pension fund Christian Super, development finance institution Overseas Private Investment Corporation and two philanthropic organizations: the eBay Foundation and the Rockefeller Foundation. Livelihood Impact Fund will primarily invest in early-stage companies in India. Read More
Aasaanjobs Raises a US$5 Million Series A Round from Aspada, IDG Ventures India and Inventus (Asia)
Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, has led a US$5 million Series A financing round for India-based recruitment service provider Aasaanjobs. Venture capital firms IDG Ventures India and Inventus Capital Partners also participated in the round. Aasaanjobs will use the new capital to further automate its recruitment marketplace and expand to other… Read More