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.
AfricInvest Acquires a Minority Stake in Salvador Caetano Auto Africa (Sub-Saharan Africa)
Pan-African private equity firm AfricInvest has purchased a minority stake in Salvador Caetano Auto Africa (SC Africa), a subsidiary of Portugal-based auto retailer Salvador Caetano Group. The transaction was structured through AfricInvest Fund III. With AfricInvest’s backing, SC Africa intends to consolidate its position in its current markets of operation and explore opportunities to provide auto financing and leasing. Financial… Read More
BaltCap Agrees to Finance Impuls’s Acquisition of Artic Sports Club (CEE and CIS)
BaltCap, a private equity and venture capital firm focused on the Baltic countries, and Nordea Bank, a Nordic financial services group, have agreed to finance Lithuania-based fitness chain Impuls’s acquisition of Estonia-based fitness center chain Arctic Sports Club. BaltCap’s portion of the transaction will be structured through BaltCap Lithuania SME Fund. The acquisition is part of Impuls’s plan to create… Read More
BaltCap to Acquire Stakes in Dental Invest Estonia and Waste Management Group EKT (CEE and CIS)
BaltCap, a private equity and venture capital firm focused on the Baltic countries, has agreed to acquire a 56 percent stake in Estonia-based dental care company Dental Invest Estonia (DIE). With BaltCap’s support, DIE intends to expand its service offerings and network of clinics. Separately, BaltCap has agreed to acquire a 75 percent stake Estonia-based waste management and municipal services… Read More
Bain Capital Sells Its Remaining Stake in Hero MotoCorp via a Block Deal (Asia)
Global private equity firm Bain Capital has exited India-based motorcycle and scooter manufacturer Hero MotoCorp via a block deal for INR7.63 billion (approximately US$115 million). Bain sold all of its 2.95 million shares, representing a 1.5 percent stake in the company, with the bulk of the shares sold on the National Stock Exchange for INR2,591.25 (approximately US$38.83) per share. Bain… Read More
Warburg Pincus & General Atlantic Buy The Abraaj Group’s Stake in Network International (MENA)
Global private equity firms Warburg Pincus and General Atlantic have agreed to acquire a 49 percent stake in United Arab Emirates-based payments solutions provider Network International from global growth markets investor The Abraaj Group. The Abraaj Group originally invested in the company, which has a reported enterprise value of more than US$1 billion, in 2011. Warburg Pincus and General Atlantic… Read More
Actis Invests US$62 Million in Nigeria-based Sigma Pensions (Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis has acquired a majority stake in Nigeria-based pension fund administrator Sigma Pensions for US$62 million. Actis has partnered with Sigma’s founder and Chief Executive Officer Umaru Modibbo and the company’s current management team in the transaction. Sigma Pensions was founded in 2004 and reportedly has 650,000 registered customers. With Actis’s support, the company intends… Read More
Northstar Equity Partners IV Reaches a Final Close with US$810 Million in Capital Commitments (Asia)
Southeast Asia-focused private equity fund manager Northstar Group has reached a final close on Northstar Equity Partners IV with US$810 million in capital commitments. The fund was launched in 2014 with a target of around US$800 million. Northstar Equity Partners IV will follow a similar strategy to its predecessor, aiming to commit 70 percent of the fund in Indonesia and… Read More
Partners Group Purchases a Minority Stake in Aiyingshi from China New Enterprise Investment (Asia)
Global private markets investment manager Partners Group has acquired a minority stake in China-based maternity, baby and children’s products retailer Aiyingshi from China-focused growth capital investor China New Enterprise Investment and two other existing shareholders. With Partners Group’s backing, Aiyingshi plans to improve operations and expand internationally. Financial details of the transaction were not disclosed. Read More
Alothon Group Acquires a Controlling Interest in Grupo MPR (Latin America)
Brazil-focused private equity firm Alothon Group has acquired a controlling interest in Brazil-based holding company Grupo MPR. The transaction was structured through Alothon Fund III. Grupo MPR’s main commercial activities are in its ownership of Brazil-based cleaning product and consumer good producer CNA and Brazil-based industrial alcohol provider Alcool Ferreira. Financial details of the transaction were not disclosed. Read More
The Abraaj Group, IFC and IFC AMC Agree to Exit Saham Finances (Sub-Saharan Africa)
Global growth markets investor The Abraaj Group, development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (IFC AMC), a wholly-owned subsidiary of IFC, have agreed to sell a combined 30 percent stake in Morocco-based insurance group Saham Finances to Saham Finances’ parent company Saham Group and Johannesburg Stock Exchange-listed financial services provider Sanlam Group. IFC AMC and… Read More
The Carlyle Group Signs a Deal to Sell Eastern Broadcasting Corporation (Asia)
Dan Mintz, Chief Executive Officer of Los Angeles-based media company DMG Entertainment, has signed a deal to acquire a 62 percent stake in Taiwan-based television network Eastern Broadcasting Corporation (EBC) from global alternative asset manager The Carlyle Group for a reported deal value of US$600 million. Carlyle originally invested in EBC in 2006. The transaction is subject to regulatory approval. Read More
IDG Ventures India and Accel Partners India Invest US$2 Million in RentoMojo (Asia)
Venture capital firms IDG Ventures India and Accel Partners India have participated in a US$2 million pre-Series A round for India-based online home appliances and furniture rental start-up RentoMojo. The company, which was founded in November 2014, plans to use the funding to expand across India. Read More