GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
CNEI Invests US$15 Million in Guanghua Education Group (Asia)
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$15 million in Guanghua Education Group (GH Education), a China-based private school operator. The transaction was structured through CNEI Fund II. GH Education intends to use the capital to set up new schools and campuses, as well as to further expand its international-oriented education services. Read More
Templeton Asset Management Leads a EUR81.7 Million Investment in EasyPack (CEE and CIS)
Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has led a EUR81.7 million (approximately US$92 million) investment in Poland-based EasyPack, an operator of parcel locker networks, with the option to participate in a future follow-on investment. The transaction was structured though Templeton’s Strategic Emerging Markets Fund IV. Other participants in the round included Poland-based insurance company PZU… Read More
African Infrastructure Investment Managers Backs Joule Africa (Sub-Saharan Africa)
Infrastructure investment firm African Infrastructure Investment Managers (AIIM) and Africa-focused power developer Joule Africa have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in power projects being developed by Joule Africa. Joule Africa’s current development interests include Bumbuna II, a hydro-electric project in Sierra Leone, and Kpep, a hydro-electric project in Cameroon.… Read More
Actis Agrees to Sell a Majority Stake in Phoenix Lamps to Suprajit Engineering (Asia)
Pan-emerging markets private equity firm Actis has agreed to sell its majority stake in India-listed automobile light manufacturer Phoenix Lamps to India-listed automobile cable manufacturer Suprajit Engineering for up to INR1.5 billion (approximately US$24 million). Actis will sell a 51 percent stake for INR1.2 billion (approximately US$20 million), and then, depending on the acceptance level of shares in the mandatory… Read More
The Abraaj Group- and Actis-backed Integrated Diagnostics Holdings Completes an IPO (MENA)
Egypt-based laboratory diagnostics company Integrated Diagnostics Holdings (IDH) has completed an initial public offering (IPO) on the London Stock Exchange, facilitating a partial exit for global growth markets investor The Abraaj Group. IDH sold 65 million shares priced at US$4.45 per share, raising around US$290 million. The issue returned around US$203 million to The Abraaj Group, which sold 46 million… Read More
eDaijia Raises US$100 Million in Series D Round (Asia)
China-based provider of mobile designated driving services eDaijia has completed a US$100 million Series D financing round led by global private equity firm Warburg Pincus and venture capital firms Matrix Partners and Lightspeed Venture Partners. The company had previously completed a US$25 million Series C funding round, in which Matrix and Lightspeed participated, in October 2014. The new financing will… Read More
Anthem Asia Invests in Myanmar-based Mobile Data Collection Platform Xavey (Asia)
Anthem Asia, a Myanmar-focused investment and advisory group, has acquired a minority stake in Xavey, a Myanmar-based mobile data collection platform. Xavey intends to use the investment to accelerate its marketing and product development. Financial details of the transaction were not disclosed. Read More
Nexxus to Acquire a 29 Percent Stake in AGS NASOFT(Latin America)
Mexico-focused private equity firm Nexxus Capital has agreed to acquire a 29 percent stake in AGS NASOFT, a Mexico-based information technology services company. The transaction will be structured through Nexxus Capital Private Equity VI. Nexxus Capital intends to help NASOFT consolidate its platform in Latin America, the United States and Spain. Financial details of the transaction were not disclosed. Read More
Enterprise Investors to Acquire a 76 Percent Stake in Poland-based Telecom 3S (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to acquire a 76 percent stake in Poland-based telecommunications company 3S for EUR22 million (approximately US$25 million). Enterprise will purchase the stake from PCC, a Germany-based conglomerate, and the company’s founders, who will retain a minority stake. The transaction, which will be structured through Polish… Read More
Fanisi Capital Acquires a Minority Stake in Live Ad (Sub-Saharan Africa)
East Africa-focused private equity and venture capital investor Fanisi Capital has acquired a minority stake in Kenya-based outdoor advertising firm Live Ad. The investment was structured through Fanisi Venture Capital Fund. Live Ad intends to use the fresh capital to expand its presence across Kenya and grow its product and service offerings. Financial details of the transaction were not disclosed. Read More
Aavishkaar Invests in Nepra Resource Management (Asia)
East Africa-focused private equity and venture capital investor Fanisi Capital has acquired a minority stake in Kenya-based outdoor advertising firm Live Ad. The investment was structured through Fanisi Venture Capital Fund. Live Ad intends to use the fresh capital to expand its presence across Kenya and grow its product and service offerings. Financial details of the transaction were not disclosed. Read More
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