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RRJ Capital Master Fund III Reaches a Final Close with US$4.5 Billion in Capital Commitments (Asia)
Asia-focused private equity firm RRJ Capital has reached a final close for its third fund, RRJ Capital Master Fund III, with US$4.5 billion in capital commitments. The fund invests globally, with an emphasis on China and Southeast Asia. A series of pension funds committed to the fund, including: US$150 million each from New Jersey Division of Investment and Oregon Public… Read More
Helios Investment Partners Provides a Debt Facility (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners has provided a debt facility to Nigeria-based marine logistics company Starzs Investments Company. Starzs has made an initial drawdown of the debt facility to acquire MV Varada Queen, a terminal tugboat that Starzs has been operating on a lease-purchase agreement since 2013. Financial details of the transaction were not disclosed. Read More
Capitalworks Acquires a Majority Stake in Robertson and Caine for US$25 Million (Sub-Saharan Africa)
Sub-Saharan Africa-focused alternative asset management firm Capitalworks has acquired a majority stake in South Africa-based boat manufacturer Robertson and Caine for US$25 million. The investment was made alongside Robertson and Caine co-founder John Robertson. The transaction was structured through Capitalworks Private Equity Fund II. Read More
Ecus Private Equity Exits Chile-based Albia to Elis (Latin America)
Chile-focused fund manager Ecus Private Equity has sold its stake in Chile-based laundry company Albia to Elis, a multi-services group based in Europe and Brazil that specializes in the rental and maintenance of professional clothing and textile articles. Albia operates eight laundry facilities in Chile and has commercial clients in the healthcare, hospitality and mining industries. Financial details of the… Read More
Parag Milk Foods Raises INR600 Million in Pre-IPO Funding from IDFC Alternatives (Asia)
India-based dairy company Parag Milk Foods has raised INR600 million (approximately US$9 million) in a pre-initial public offering (IPO) financing round from existing investor IDFC Alternatives, an India-focused private equity firm. IDFC subscribed to 60 million convertible debentures at INR10 (approximately US$0.14) apiece. The transaction, which was structured through IDFC’s S.P.I.C.E. Fund, is subject to a one year lock-up period. Read More
The Abraaj Group Invests US$100 Million in Egypt-based Tiba Group (MENA)
Global growth markets investor The Abraaj Group has invested a reported US$100 million in Egypt-based education service provider Tiba Group. The transaction was structured through Abraaj North Africa Fund II. The company will use the funds to enhance its curricula, upgrade its facilities, increase enrollment and expand its partnerships. Read More
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