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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
Actis and Mesoamerica to Sell Globeleq Mesoamerica Energy to SunEdison (Latin America)
Actis, a pan-emerging markets private equity firm, and Mesoamerica, an investment and advisory firm focused on Spanish-speaking Latin America, have agreed to sell their combined 100 percent stake in Costa Rica-based wind and solar energy company Globeleq Mesoamerica Energy (GME) to global renewable energy company SunEdison. Actis will sell its 70 percent holding in the company, while Mesoamerica will sell… Read More
TVM Capital Healthcare Partners to Exit ProVita International Medical Center (MENA)
TVM Capital Healthcare Partners, a private equity company focused on the Middle East, North Africa and India, Saudi Arabia-based conglomerate The Olayan Group, family office Al Zarooni Emirates Investment and other minority shareholders have agreed to sell their 100 percent stake in ProVita International Medical Center, a United Arab Emirates-based healthcare provider specializing in artificial ventilation. The stake will be… Read More
Warburg Pincus Partially Exits China Biologic Products (Asia)
Global private equity firm Warburg Pincus has partially exited United States-listed biopharmaceutical company China Biologic Products via a share sale. Warburg sold 2.3 million shares for US$105 apiece, returning a total of US$241.5 million and reducing Warburg’s holding in the company from 43 percent to 34 percent. The transaction was structured though Warburg Pincus Private Equity X. Read More
3TS Capital Invests More Than EUR1 Million in Cloud Software Company 123ContactForm (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital firm 3TS Capital Partners has invested more than EUR1 million (approximately US$1.1 million) for a minority stake in 123ContactForm, a Romania-based company that provides web forms and surveys to companies and non-governmental organizations. The transaction was structured through Catalyst Romania, a fund managed by 3TS. 123ContactForm will use the fresh capital… Read More
SAIF Partners Participates in a Funding Round for Zhong An Online Property Insurance (Asia)
China-focused venture capital firm SAIF Partners China has participated in a RMB5.8 billion (approximately US$942 million) round of funding for Zhong An Online Property Insurance, a China-based property insurance company. A vehicle controlled by investment bank Morgan Stanley led the investment, and other participants in the round included: China-based investment bank China International Capital Corporation, China-focused asset manager Keywise Capital… Read More
First Reserve to Subscribe to KrisEnergy’s Rights Issue (Asia)
Energy-focused private equity firm First Reserve will subscribe to a portion of a SGD169.5 million (approximately US$126 million) rights issue by Singapore-based upstream oil and gas company KrisEnergy. First Reserve will subscribe to 87 million shares, or approximately 20 percent of the issue, for SGD0.39 (approximately US$0.29) apiece, representing a total consideration of SGD33.6 million (approximately US$25 million). KrisEnergy will… Read More
Southern Cross Group Exits Grupo Expansión for US$65 Million (Latin America)
Latin America-focused private equity firm Southern Cross Group has sold its stake in Grupo Expansión, a Mexico-based publishing company, for US$65 million to Nacer Global, a Mexico-based conglomerate and publisher of financial newspaper El Economista. Grupo Expansión publishes 17 magazines and 11 websites. Read More