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Lafarge to Buy Baring Private Equity Asia’s 14 Percent Stake in Lafarge India (Asia)
Global building materials manufacturer Lafarge has agreed to acquire a 14 percent stake in Lafarge India, the company’s India arm, from Asia-focused private equity firm Baring Private Equity Asia for EUR270 million (approximately US$304 million). The transaction is part of Lafarge’s planned merger with Holcim, a global building materials manufacturer. The transaction, which will be structured through Baring Asia Private… Read More
Mezzanine Management Invests in Latvia-based Mogo Finance (CEE and CIS)
Mezzanine Management, an investment advisory firm focused on Central and Eastern Europe, has invested EUR23.3 million (approximately US$26.3 million) in Mogo Finance, a Latvia-based non-bank car financing provider operating in the Baltics and Georgia. The transaction was structured through Accession Mezzanine Capital III. Mogo will use the funds to develop the company’s operations in other countries within the Central and… Read More
XSML Backs Democratic Republic of Congo-based Ets Lejack (Sub-Saharan Africa)
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of Congo-based Ets Lejack, which operates three business lines—printing shops, production of toilet paper and production of candles. Lejack will use the investment to expand its toilet paper production. Financial details of the transaction, which was structured through XSML’s Central Africa SME Fund, were not disclosed. Read More
ADM Capital Exits Construction Materials Producer AKG Gazbeton (CEE and CIS)
ADM Capital, an asset management firm focused on Asia and Central and Eastern Europe, has fully exited its investment in AKG Gazbeton, a Turkey-based construction materials producer, in a share sale to the company’s founding shareholders. ADM originally invested in the company in 2011. Financial details of the transaction, which was structured through ADM Capital’s CEECAT Recovery Fund, were not… Read More
Meus Pedidos Receives Funding from Monashees Capital and Qualcomm Ventures (Latin America)
Venture capital firm Monashees Capital and Qualcomm Ventures, the venture capital arm of technology company Qualcomm, have invested BRL6 million (approximately US$1.9 million) in Meus Pedidos, a Brazil-based producer of mobile catalogs for sales professionals. The investment will be used to expand the company’s employee base. Read More
Aspada Investment Advisors Raises an Additional US$25 Million for Aspada Investment Company (Asia)
Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, has raised US$25 million from the Soros Economic Development Fund (SEDF), a non-profit social investment fund, for Aspada Investment Company, a permanent capital vehicle anchored by SEDF. The new capital brings the vehicle’s total size to US$50 million. Read More
Ethos Private Equity to Sell Plumblink to The Bidvest Group (Sub-Saharan Africa)
South Africa-focused fund manager Ethos Private Equity has agreed to sell Plumblink, a South Africa-based specialist plumbing and bathroom supplies retailer, to South Africa-based international holding company The Bidvest Group. Ethos originally acquired Plumblink in 2006. The transaction is subject to the fulfillment of certain conditions. Financial details of the transaction were not disclosed. Read More
Shoreline China Value III Reaches Final Close; Associated Overflow Fund Reaches First Close (Asia)
Shoreline Capital, a fund manager focused on distressed debt and special situation investments in China, has reached a US$500 million final close for Shoreline China Value III, as well as a first close for its associated overflow fund at US$115 million. At the time of its final close, about half of Shoreline China Value III’s US$500 million had already been… Read More
New Enterprise Associates Leads an US$11 Million Series A Round for Fetchr (MENA)
Global venture capital firm New Enterprise Associates has led an US$11 million Series A investment round in United Arab Emirates-based Fetchr, a mobile app that uses mobile phone location data to ship packages between locations without addresses. Investment firms Delta Partners and Dhabi Holdings, consultancy Roland Berger and venture capital firm 500 Startups also participated in the round. The investment… Read More
Quadria Capital Closes Its Asia-focused Healthcare Fund with US$304 Million (Asia)
Healthcare-focused private equity fund manager Quadria Capital has reached a final close for Quadria Capital Fund with US$304 million in capital commitments. Investors in the fund included development finance institutions Overseas Private Investment Corporation and International Finance Corporation, as well as India-based asset management company Religare Global Asset Management. The South- and Southeast Asia-focused fund seeks investments across healthcare delivery, life sciences, medical… Read More
TPG, Square Peg Capital and Emtek Group to Invest SGD175 Million in PropertyGuru Group (Asia)
Singapore-based online property company PropertyGuru Group has announced a SGD175 million (approximately US$129 million) investment from a consortium of three investors: global private investment firm TPG, venture capital firm Square Peg Capital and Indonesia-based media company Emtek Group. The investment will support PropertyGuru’s innovation, marketing and further expansion in Southeast Asia. The transaction is expected to close by mid-June. Read More
American Capital Energy & Infrastructure to Invest in a Wind Power Project (Sub-Saharan Africa)
American Capital Energy & Infrastructure (ACEI), an investor in global energy infrastructure assets, has committed to invest an estimated EUR76 million (approximately US$84 million) in a wind power project in Senegal. The total cost of the project is estimated to be EUR305 million (approximately US$339 million), with undisclosed senior debt and mezzanine lenders providing the EUR229 million (approximately US$254 million)… Read More