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Capital Group Private Markets, DPI, Ethos Private Equity Back Eaton Towers (Sub-Saharan Africa)
Africa-focused telecom tower company Eaton Towers has raised US$350 million in a new round of funding. Participants in the round included existing shareholders Capital Group Private Markets, a global private equity investor, and pan-African private equity firm Development Partners International (DPI), as well as new investors Ethos Private Equity, a South Africa-focused fund manager, and emerging markets investor Standard Chartered… Read More
Helios Investment Partners Agrees to Invest US$100 Million in Africa Oil (Sub-Saharan Africa)
Pan-African private investment firm Helios Investment Partners has agreed to invest US$100 million for a 12.4 percent stake in Stockholm- and Toronto-listed Africa Oil, an oil and gas company with assets in Kenya, Ethiopia and Somalia. Africa Oil intends to use the capital to help finance its ongoing appraisal and development work in East Africa. The transaction, which is subject… Read More
OPIC to Launch Call for Global Development Investment Funds Proposals
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today announced its 2015 Global Engagement Call for Proposals from fund managers seeking OPIC financing for private equity investment funds. Through a competitive process open for submissions from 11 May – 8 June, OPIC will select funds targeting projects in OPIC-eligible countries for new business development, existing company… Read More
AnaCap Financial Partners to Acquire a 100 Percent Stake in FM Bank PBP (CEE and CIS)
AnaCap Financial Partners, a Europe-focused specialist investor in financial services companies and credit opportunities, has agreed to acquire a 100 percent stake in Poland-based lender FM Bank PBP from Central and Eastern Europe-focused private equity fund manager Abris Capital Partners. AnaCap’s investment will reportedly total more than EUR200 million (approximately US$221 million) including a purchase fee, recapitalization and further investment.… Read More
DGF Investimentos Acquires a Minority Stake in Mercado Eletrônico (Latin America)
Brazil-focused growth equity investment group DGF Investimentos has invested BRL30 million (approximately US$10 million) for a minority stake in Brazil-based business-to-business e-commerce company Mercado Eletrônico. Mercado Eletrônico intends to use the new funds to attract new medium-sized businesses to its platform. Read More
Reliance Capital Management Receives Funding from LeapFrog Investments, FMO and PartnerRe (Asia)
Indonesia-based financial services group Reliance Capital Management has received IDR562 billion (approximately US$43 million) from emerging markets financial services investor LeapFrog Investments, Dutch development bank FMO and global reinsurer PartnerRe. Reliance serves 750,000 clients and operates 37 office locations in 20 cities throughout Indonesia. Read More
Enterprise Investors to Sell NordGlass to AGC Automotive Europe (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to sell its 100 percent stake in Poland-based automotive glass manufacturer NordGlass to Belgium-based flat glass producer AGC Automotive Europe for EUR80 million (approximately US$87 million). The transaction is subject to regulatory approval. Enterprise Investors wholly acquired NordGlass in 2007 through Polish Enterprise Fund VI. Read More
Platinum Equity Acquires Ying Shing Enterprises (Asia)
Global investment firm Platinum Equity has acquired a majority stake in Ying Shing Enterprises from the company’s founder, who will remain a minority shareholder. Ying Shing is a China-based manufacturing solutions provider for customized precision-engineered plastic injection molded and metal stamping components. Platinum Equity intends to expand the business through both organic growth and strategic acquisitions. Financial details of the… Read More
New Silk Route Growth Capital Partially Exits VRL Logistics via IPO (Asia)
India-based goods and passenger transport services provider VRL Logistics has completed an IPO on the Bombay Stock Exchange and National Stock Exchange, which included a fresh issue of shares as well as exits for promoters of the company and New Silk Route Growth Capital (NSR), an Asia-focused growth capital firm. NSR sold 14.6 million shares for the issue price of… Read More
TPG Growth Fund III Closes with More Than US$3 Billion in Capital Commitments (Global)
TPG Growth, the middle market and growth equity investment platform of global private investment firm TPG, has reached a final close for TPG Growth Fund III with more than US$3 billion in capital commitments. The fund, which surpassed its initial target of US$2.75 billion, has an investor base including public and private pension funds, foundations and endowments, insurance companies and… Read More
The Carlyle Group to Invest BRL1.75 Billion in Hospital Operator Rede D’Or São Luiz (Latin America)
Global alternative asset manager The Carlyle Group has agreed to invest a reported BRL1.75 billion (approximately US$592 million) for an 8.3 percent stake in Brazil-based hospital operator Rede D’Or São Luiz. The investment will be structured through Carlyle Partners VI and Carlyle’s South American buyout funds, including Fundo Brasil de Internacionalizacão de Empresas FIP II, a local fund advised by… Read More
Investec Bank Leads an US$84 Million Round for Lending Platform Jimubox (Asia)
Specialist bank and asset manager Investec Bank has led an US$84 million Series C funding round for China-based peer-to-peer online lending platform Jimubox, with participation from Haitong Kaiyuan, the private equity arm of Haitong Securities. Mandra Capital and Zhong Capital Fund, along with existing investors Matrix China Partners, Xiaomi, Shunwei Capital Partners, Ventech China and Magic Stone Alternative, also took… Read More