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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
Accel Partners, IFC, Qualcomm Ventures & Ventureast Invest US$37.5 Million in Portea Medical (Asia)
Venture capital firm Accel Partners has led a US$37.5 million Series B round of funding for India-based home healthcare company Portea Medical. Development finance institution International Finance Corporation (IFC), Qualcomm’s investment arm Qualcomm Ventures and India-focused venture capital firm Ventureast also participated in the round. IFC invested US$7 million in the round; breakouts for the other firms were not disclosed.… Read More
Nexxus Capital Fully Exits Mexico-based Diagnostics Company Olab (Latin America)
Mexico-focused private equity fund manager Nexxus Capital has fully exited its stake in Mexico-based diagnostic healthcare company Diagnósticos de México, Diamex (Olab) to an undisclosed strategic buyer in the diagnostics sector. Olab offers diagnostic imaging and clinical analysis through a network of 40 branches. Financial details of the transaction, which was structured through Nexxus Capital Private Equity Fund III, were… Read More
Synergy Capital Reaches a Final Close for Synergy Private Equity Fund I (Sub-Saharan Africa)
Nigeria- and Ghana-focused private equity firm Synergy Capital has reached a final close on its fund, Synergy Private Equity Fund I (SPEF), with US$100 million in capital commitments. SPEF has a total of 12 investors, including four development finance institutions, seven commercial investors and one sovereign wealth fund. To date, SPEF has deployed more than 20 percent of its capital… Read More
The Carlyle Group, Actis, Sequoia Capital and GIC to Exit Keystone Lodging Holdings (Asia)
Global alternative asset manager The Carlyle Group, pan-emerging markets private equity firm Actis, global venture capital firm Sequoia Capital and the Government of Singapore’s sovereign wealth fund GIC have agreed to exit China-based Keystone Lodging Holdings, parent of hotel company 7 Days Group, in the company’s acquisition by China-based hotel company Shanghai Jin Jiang International Hotels. Jin Jiang will acquire… Read More
The Carlyle Group, Actis, Sequoia Capital and GIC to Exit Keystone Lodging Holdings (Asia)
Global alternative asset manager The Carlyle Group, pan-emerging markets private equity firm Actis, global venture capital firm Sequoia Capital and the Government of Singapore’s sovereign wealth fund GIC have agreed to exit China-based Keystone Lodging Holdings, parent of hotel company 7 Days Group, in the company’s acquisition by China-based hotel company Shanghai Jin Jiang International Hotels. Jin Jiang will acquire… Read More
Enterprise Investors to Acquire Poland-based SMT Software Services for EUR36.1 Million (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital firm Enterprise Investors has agreed to acquire Poland-based software company SMT Software Services for EUR36.1 million (approximately US$41 million), in a carve-out transaction from Poland-based holding company SMT. The transaction will be structured through Enterprise Investors’ Polish Enterprise Fund VII. Enterprise Investors will merge SMT Software Services with its existing portfolio… Read More