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Fondo de Fondos Raises MXN 3.3 Billion for Its Mexican CKD (Latin America)
Mexico-focused fund of funds manager Fondo de Fondos has raised MXN3.3 billion (approximately US$219 million) for a new vehicle, which will make both fund investments and co-investments in private equity, infrastructure and real estate. It is structured as a CKD (Certificado de Capital de Desarrollo), a vehicle listed on the Mexican Stock Exchange that allows Mexican pension funds to invest… Read More
IDG Ventures India, Jungle Ventures and India Quotient Back Momoe Technologies (Asia)
Venture capital firms IDG Ventures India, Jungle Ventures and India Quotient have invested INR74 million (approximately US$1.2 million) in India-based Momoe Technologies, the operator of a mobile payments application. The company, which is currently active in Bangalore, offers an app-based payment option where users can pay using a virtual wallet. It plans to expand to other cities across India. Read More
Amethis Finance Acquires a Minority Stake in CIEL Finance (Sub-Saharan Africa)
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired a 17.1 percent stake in CIEL Finance, the Mauritius-based banking and financial services division of CIEL Group. Amethis Finance plans to increase its stake to 24.9 percent later in 2015. CIEL Finance intends to use the fresh capital to consolidate and expand its… Read More
LeapFrog Invests US$25 Million in AFB Mauritius (Sub-Saharan Africa)
Emerging markets financial services investor LeapFrog Investments has invested US$25 million in AFB Mauritius (afb), a Mauritius-based financial technology company serving consumers and small businesses. The investment was structured through LeapFrog Financial Inclusion Fund II. Afb is active in Kenya, Zambia and Ghana, with plans to expand to adjacent markets in Sub-Saharan Africa. Read More
Creador Acquires a Minority Stake in PC Jeweller (Asia)
Southeast Asia- and India-focused private equity firm Creador Capital has invested INR1.35 billion (approximately US$22 million) in India-listed jewelry retailer PC Jeweller. The transaction was structured through Creador II. PC Jeweller operates jewelry showrooms across India, as well as an online retail platform. The company intends to use the fresh capital to expand to smaller cities in India, with a… Read More
Phatisa and Africa Reit Agree to Develop a Residential Complex in Nairobi (Sub-Saharan Africa)
Private equity fund manager Phatisa has entered into a partnership with Kenya-based property developer Africa Reit to develop a six-acre residential rental complex in Nairobi. The transaction will be structured through Phatisa’s Pan African Housing Fund. Once completed, this project will provide homes to approximately 1,400 young adults. Financial details of the transaction were not disclosed. Read More
Vinci Partners Reduces Its Stake in Equatorial Energia (Latin America)
Brazil-focused alternative investment and asset management firm Vinci Partners has sold a 10 percent stake in Brazil-listed energy holding company Equatorial Energia via a share sale worth BRL522 million (approximately US$183 million). Vinci Partners continues to hold a 12.9 percent stake in the company. Read More
Cordiant Capital Holds a US$350 Million Final Close on Cordiant Emerging Loan Fund IV (Global)
Cordiant Capital, a fund manager specializing in emerging markets investments, has reached a final close on its emerging markets-focused debt vehicle Cordiant Emerging Loan Fund IV with US$350 million in capital commitments. Investors included pension funds and insurance companies. The fund will focus on senior secured loans and has a pipeline of investments across sectors, including infrastructure, manufacturing and financial… Read More
Baring Private Equity Asia Reaches a Final Close on Fund VI (Asia)
Asia-focused private equity firm Baring Private Equity Asia has reached a final close on Baring Private Equity Asia Fund VI with approximately US$4 billion in capital commitments, reaching its hard cap. Investors in the fund included Los Angeles City Employees' Retirement System, Texas County & District Retirement System, Pennsylvania Public School Employees' Retirement System, San Francisco City & County Employees'… Read More
IDFC Alternatives to Buy a 26 Percent Stake in Delhi Cargo Service Centre (Asia)
India-focused private equity firm IDFC Alternatives has agreed to acquire a 26 percent stake in India-based Delhi Cargo Service Centre, the cargo services operator at Delhi’s Indira Gandhi International Airport, for INR286 million (approximately US$4.6 million). The deal will be structured through IDFC’s India Infrastructure Fund II. IDFC will purchase the stake from India-based airport operator Delhi International Airport (DIAL),… Read More
Accion and SAIF Partners Back Small Business Lender Aye Finance (Asia)
Global microfinance investor Accion and venture capital firm SAIF Partners have invested US$1 million in India-based Aye Finance, a provider of loans to micro, small, and medium-sized businesses. Accion’s investment was structured through its Venture Labs initiative. Read More
The Abraaj Group Buys a 25 Percent Stake in Turkey-based Online Retailer Hepsiburada (CEE and CIS)
Global growth markets investor The Abraaj Group has acquired a 25 percent stake in Turkey-based online retailer Hepsiburada for a reported US$100 million. Hepsiburada intends to use the fresh capital to expand its e-commerce operations in Turkey, relocate to a new fulfillment center, improve its IT infrastructure and strengthen its mobile platform. Read More