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Al Masah Capital Acquires United Arab Emirates-based Al Faris Restaurant (MENA)
MENA- and Southeast Asia-focused alternative investment management firm Al Masah Capital has acquired United Arab Emirates-based Al Faris Restaurant, the owner and operator of a Johnny Rockets franchisee in the United Arab Emirates and Oman. The transaction was structured through Diamond Lifestyle, a food and beverage-focused private equity platform managed by Al Masah Capital. Financial details of the transaction were… Read More
Clearwater Capital Partners Exits GSS Infotech via Share Sale (Asia)
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has fully exited its stake in India-based information technology solutions and outsourcing company GSS Infotech. Clearwater sold its 18.2 percent stake in the company for INR46.6 million (approximately US$732,000) via open market transactions on the Bombay Stock Exchange and National Stock Exchange. The transactions were structured… Read More
The Carlyle Group Commits up to US$500 Million to Magna Energy (Asia)
Global alternative asset manager The Carlyle Group has committed an equity line of up to US$500 million to India-focused upstream oil and gas company Magna Energy. The equity will reportedly be delivered from an initial equity line of US$250 million, with an option to draw down an additional US$250 million at a later stage. The transaction will be structured though… Read More
KKR to Invest in Tarena International (Asia)
Global investment firm KKR has agreed to acquire a 13 percent stake in Tarena International, a China-based professional education company listed on the NASDAQ Stock Market. KKR will purchase 6.8 million shares in the company from existing shareholders–investment bank Goldman Sachs and venture capital firm IDG Technology Venture Investments–for US$70 million. The transaction, which will be structured through KKR’s China… Read More
The Rohatyn Group Exits Turkey-based Luxury Retailers Beymen and Boyner (CEE and CIS)
Emerging markets asset management firm The Rohatyn Group (TRG) has fully exited Turkey-based luxury retailers Beymen Mağazacılık and Boyner Büyük Mağazacılık to Boyner Perakende ve Tekstil Yatırımları, a company controlled by Turkey-based retail conglomerate the Boyner Group. Beymen and Boyner had been portfolio companies of Citi Venture Capital International, which TRG acquired from Citigroup in 2013. Financial details of the… Read More
Aavishkaar Frontier Fund Reaches a First Close with US$45 Million in Capital Commitments (Asia)
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar has reached a first close for Aavishkaar Frontier Fund with US$45 million in capital commitments. The fund has a target of US$75 million and seeks to invest in socially beneficial and commercially viable companies in Indonesia, Bangladesh, Sri Lanka and Pakistan. The fund is anchored by German development bank KfW and… Read More
Incofin Investment Management Reaches a US$71 Million First Close for agRIF Fund (Pan-Emerging Marke
Incofin Investment Management, an impact investment fund manager focused on rural and agricultural finance, has reached a first close for its agRIF Fund with US$71 million in capital commitments. The fund will invest in financial intermediaries across emerging markets. Investors in the first close included European Union lender European Investment Bank, development finance institutions Proparco, BIO and SIFEM, investment company… Read More
TPG Growth and Satya Capital Establish a Partnership to Invest in Africa (Sub-Saharan Africa)
TPG Growth, the global middle market and growth equity platform of TPG, and Satya Capital, an Africa-focused independent investment firm, have established Satya-TPG, a special purpose vehicle focused on new investments in Africa. TPG Growth has committed up to US$1 billion to the vehicle, while Satya intends to commit between US$300 million and US$400 million. The firms will target investments… Read More
Helios Investment Partners to Invest in Oando’s Downstream Business (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners and Netherlands-based energy trader The Vitol Group have agreed to acquire a 60 percent stake and 51 percent of the voting rights in the downstream business of Oando, a Nigeria-based oil and gas company, for US$276 million. The new downstream and retail business will be established as a standalone, independent company led by… Read More
Wamda Capital Reaches a First Close for Wamda MENA Ventures I and Makes Two Investments (MENA)
MENA-focused venture capital firm Wamda Capital has reached a first close for Wamda MENA Ventures I, which has a target of US$75 million. Investors in the fund include development finance institution International Finance Corporation, global growth markets investor The Abraaj Group, United Arab Emirates-based conglomerate Crescent Enterprises and Kuwait-based telecommunications company Zain Group. Wamda Capital has made its first two… Read More
Gávea Investimentos Acquires a Minority Stake in Paschoalotto Serviços Financeiros (Latin America)
Brazilian private equity firm Gávea Investimentos has invested more than BRL100 million (approximately US$32 million) for a minority stake in Brazil-based debt collection company Paschoalotto Serviços Financeiros. The company has more than 8,000 employees and operates throughout Brazil. Read More
Tiger Global Management Leads an Investment Round in GetNinjas (Latin America)
Global investment firm Tiger Global Management has led a BRL40 million (approximately US$13 million) funding round for Brazil-based GetNinjas, an operator of a website for connecting contracting services with customers. GetNinjas, which existing counts venture capital firms Monashees Capital and Kaszek Ventures as shareholders, will use the fresh funds to expand the platform’s operations in Brazil and Latin America, improve… Read More