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Adenia Partners Backs Ghana-based Cresta Paints(Sub-Saharan Africa)
Sub-Saharan Africa-focused private equity firm Adenia Partners has invested in Ghana-based auto-refinish and industrial coatings manufacturer and marketer Cresta Paints. The transaction was structured through Adenia Capital (III). The company will use the new investment to increase its exports, expand internationally and develop its products. Financial details of the transaction were not disclosed. Read More
Golden Gate Ventures Reaches a First Close for Its Southeast Asia-focused Fund (Asia)
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has reached a first close for Golden Gate Ventures Fund II with US$35 million in capital commitments. Investors in the first close included Singaporean sovereign wealth fund Temasek, angel investor Eduardo Saverin, European multi-family office Monitor Capital Partners, Singapore’s National Research Foundation, NAVER (the parent company of LINE messenger) and venture… Read More
Convergence Partners Communication Infrastructure Fund Reaches a Final Close (Sub-Saharan Africa)
African investment management firm Convergence Partners has reached a final close for Convergence Partners Communication Infrastructure Fund (CPCIF) with more than US$200 million in capital commitments. The fund targets ICT infrastructure investments in Africa. Investors in CPCIF included: the Public Investment Corporation, the asset management company of South Africa’s Government Employees Pension Fund; development finance institutions International Finance Corporation, CDC… Read More
Convergence Partners Communication Infrastructure Fund Reaches a Final Close (Sub-Saharan Africa)
African investment management firm Convergence Partners has reached a final close for Convergence Partners Communication Infrastructure Fund (CPCIF) with more than US$200 million in capital commitments. The fund targets ICT infrastructure investments in Africa. Investors in CPCIF included: the Public Investment Corporation, the asset management company of South Africa’s Government Employees Pension Fund; development finance institutions International Finance Corporation, CDC… Read More
Firstp2p Raises Series B Round from CITIC Capital, ChinaEquity and San Shan Capital Partners (Asia)
China-based peer-to-peer lending website Firstp2p has completed a US$41 million Series B funding round from private equity firm CITIC Capital, venture capital firm ChinaEquity and principal investment firm San Shan Capital Partners. Firstp2p will use the new funds to scale its online lending business and add new business lines in wealth management and consumer finance. Read More
Northgate Capital Acquires a Minority Stake in Grupo Diniz (Latin America)
Global private equity fund manager Northgate Capital has acquired a 49 percent stake in Grupo Diniz, a Mexico-based operator of entertainment centers under the Recórcholis! brand. The fresh capital will support the company’s plan to expand its number of entertainment centers in Mexico over the next five years. Financial details of the transaction were not disclosed. Read More
Mediterrania Capital Partners Closes Its Fund with EUR120 Million in Capital Commitments (MENA)
North Africa-focused private equity firm Mediterrania Capital Partners has reached a final close for its second fund, Mediterrania Capital II, with EUR120 million (approximately US$132 million) in capital commitments. The fund seeks growth opportunities in the Maghreb region, with potential expansion into Sub-Saharan Africa. Read More
Helios Investment Partners to Acquire Crown Agents’ Banking (Pan-Emerging Markets)
Africa-focused private investment firm Helios Investment Partners has agreed to acquire a 100 percent stake in Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) from international development company Crown Agents. CAB and CAIM are financial services providers focused on the needs of governments, development organizations, financial institutions and corporates, and provide services in Africa, the Caribbean and Southeast… Read More
The Carlyle Group Agrees to Sell Its Stake in Export Trading Group (Sub-Saharan Africa)
Global alternative asset manager The Carlyle Group has agreed to sell its minority stake in Tanzania-based agriculture processing and logistics company Export Trading Group to the company’s management. Financial details of the transaction, which will be structured through Carlyle Sub-Saharan Africa Fund, were not disclosed. Read More
CVC Capital Partners to Acquire Poland-based PKP Energetyka (CEE and CIS)
Private equity and investment advisory firm CVC Capital Partners has agreed to acquire PKP Energetyka (PKPE), the energy unit of the Polish National Railways, in a transaction that values the company at PLN2 billion (approximately US$520 million). PKPE is an electricity distributor to the Polish railway network and to other customers. The company also provides maintenance and emergency response services… Read More
Baring Vostok Capital Partners and Almaz Capital Participate in Round for CarPrice (CEE and CIS)
Russia and CIS-focused private equity firm Baring Vostok Capital Partners has led a US$40 million Series B investment in Russia-based online used car broker and auctioneer CarPrice. Venture capital firm Almaz Capital and other undisclosed investors also participated in the round. Baring Vostok’s investment was structured through Baring Vostok Private Equity Fund V. CarPrice will use the investment to further… Read More
UVM 2 Venture Investments and Oak Investment Partners Participate in Round for Giosis (Asia)
Singapore-based Giosis, the parent company of e-commerce company Qoo10, has raised US$82.1 million in a Series A round led by media-focused holding company Singapore Press Holdings. Other participants in the round included venture capital firms UVM 2 Venture Investments and Oak Investment Partners, e-commerce company eBay, media-focused investment company Saban Capital Group and hedge fund manager Brookside Capital. Giosis will… Read More