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Creation Investments Capital Management and Everstone Capital Invest INR1 Billion (Asia)
India-based agri-logistics service provider Sohan Lal Commodity Management (SLCM) has raised an INR1 billion (approximately US$15 million) funding round led by alternative investment management firm Creation Investments Capital Management and India-focused private equity firm Everstone Capital, which is an existing investor in the company. SLCM plans to use the new capital to grow its non-banking finance company Kissandhan and to… Read More
Investisseurs&Partenaires Leads Funding Rounds for Enval Laboratoire &PEG Africa(Sub-Saharan Africa)
Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) has led minority stake investments in two companies: Enval Laboratoire, a Côte d'Ivoire-based physic-chemical and microbiological analysis company, and PEG Africa, a Ghana-based asset finance company selling solar energy products to off-grid customers. Financial details of the Enval transaction, in which a local commercial bank participated with I&P, were not disclosed.… Read More
Northgate Capital Raises MXN4 Billion for a Debt CKD Fund (Latin America)
Global private equity and venture capital fund manager Northgate Capital has completed a MXN4 billion (approximately US$234 million) quasi-equity/mezzanine CKD (Certificado de Capital de Desarrollo) offer through the Mexican Stock Exchange. The CKD fund will make debt structured transactions with medium-sized Mexican companies that require financing for capital expenditure, strategic acquisitions, operation expansions, debt restructuring or equity reconfiguration. Read More
WearYouWant Raises a Series B Round from Start Today, Digital Media Partners and OPT SEA (Asia)
Thailand-based online fashion company WearYouWant has raised a Series B round of funding led by Japan-based e-commerce company Start Today. Existing investors Digital Media Partners, an emerging markets-focused venture capital firm, and OPT SEA, the venture arm of Japan-based online marketing company OPT, also participated in the round. Financial details of the transaction were not disclosed. Read More
AlpInvest Partners, CVC Capital Partners and GIC Sell a 7.6 Percent Stake in HKBN (Asia)
Global fund of funds manager AlpInvest Partners, private equity and investment advisory firm CVC Capital Partners and the Government of Singapore’s sovereign wealth fund GIC have sold a 7.6 percent stake in Hong Kong-based broadband Internet provider HKBN in a share sale on the Hong Kong Stock Exchange. The sale comes after the expiry of a six-month lock-up period following… Read More
The Carlyle Group to Exit India-based Elitecore Technologies to Sterlite Technologies (Asia)
India-based telecom and power transmission equipment manufacturer and services provider Sterlite Technologies has agreed to acquire India-based operations and business support services company Elitecore Technologies from global alternative asset manager The Carlyle Group in an all-cash deal valuing the company at INR1.8 billion (approximately US$27 million). Carlyle originally acquired a majority stake in Elitecore in 2007. The transaction is subject… Read More
Linzor Capital Partners Acquires a Majority Stake in Onest Colombia (Latin America)
Latin America-focused private equity firm Linzor Capital Partners has acquired a majority stake in Onest Colombia, a Colombia-based specialty credit company focused on payroll loans to public sector employees and financing of public vehicles. The transaction included a primary investment of US$40 million and a secondary component of an undisclosed amount. Onest will use the new funds to solidify its… Read More
Berkeley Energy’s African Renewable Energy Fund Reaches a Final Close (Sub-Saharan Africa)
Emerging markets-focused energy fund manager Berkeley Energy has reached a final close for its African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on Sub-Saharan Africa, with US$200 million in capital commitments. The African Development Bank (AfDB) and its Sustainable Energy Fund for Africa (SEFA) are AREF’s lead sponsors, committing US$25 million and US$25.5 million, respectively, alongside a… Read More
Emerging Capital Partners Exits Continental Reinsurance (Sub-Saharan Africa)
Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, has sold its stake in C-Re Holding, a vehicle that owns a 53.6 percent stake in Nigeria-based reinsurance company Continental Reinsurance, to Saham Finances, the insurance arm of Morocco-based conglomerate Saham Group. ECP originally invested in the company in 2007. Financial details of the… Read More
ADV Opportunities Fund I Reaches a Final Close with US$545 Million in Capital Commitments (Asia)
Asia-focused private equity firm ADV Partners has reached a final close for its pan-Asia-focused fund, ADV Opportunities Fund I, with US$545 million in capital commitments. The fund primarily focuses on China and India, with Southeast Asia, developed Asia and Australia as opportunistic markets, and invests in mid-market companies across a range of industries. Fund of funds Asia Alternatives Management is… Read More
AfricInvest and Other Shareholders Sell a Majority Stake in Alios Finance to TLG Finance (Sub-Sahara
Pan-African private equity firm AfricInvest has led the sale of a 59.34 percent stake in Alios Finance–a France-based holding company with majority stakes in non-banking finance companies in Côte d’Ivoire, Senegal, Mali, Burkina Faso, Cameroon, Gabon, Zambia, Tanzania and Kenya–to TLG Finance, a holding company controlled by Tunisia-based finance leasing services company Tunisie Leasing. Development finance institutions FMO and Finnfund,… Read More
Bain Capital to Invest INR13 Billion in India-based L&T Finance Holdings (Asia)
Global alternative investment firm Bain Capital has agreed to invest INR13 billion (approximately US$198 million) for a 10.3 percent stake in India-based non-bank financial company L&T Finance Holdings. Bain will subscribe to equity shares and warrants totaling a 5.3 percent stake in the company for approximately INR7 billion (approximately US$107 million). Separately, Bain has invested INR6 billion (approximately US$91 million)… Read More