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Badia Impact Fund and Jabbar Internet Group Invest US$2 Million in ArabiaWeather (MENA)
Badia Impact Fund, part of the global group of venture funds managed by Silicon Badia, has led a US$2 million financing round for Jordan-based provider of weather products and services ArabiaWeather. Existing investors including technology company Jabbar Internet Group, early-stage investor Dash Ventures and angel fund MENA Venture Investments also participated in the round. The company seeks to expand its… Read More
The National Investor-led Consortium Acquires a 50 Percent Stake in National Catering Company (MENA)
Investment management and advisory firm The National Investor has led a consortium of investors in the acquisition of a 50 percent stake in United Arab Emirates-based National Catering Company (NCC), a private sector industrial catering and facility management business. The company intends to replicate its business model across the Gulf Cooperation Council region. Financial details of the transaction were not… Read More
BlackRock Private Equity Partners Leads a US$300 Million Financing Round for Coupang (Asia)
Global investment management company BlackRock Private Equity Partners has led a US$300 million financing round for South Korea-based online retailer Coupang. Investment firms Wellington Management Company, Greenoaks Capital Management and Rose Park Advisors also participated in the round. This new financing will help the company strengthen its market position and further expand its e-commerce offerings. Coupang previously raised a US$100… Read More
The Riverside Company Acquires Specialty Chemical Distributor Drex-Chem Malaysia (Asia)
Global private equity firm The Riverside Company has acquired Malaysia-based specialty chemical distributor Drex-Chem Malaysia. Riverside intends to grow Drex-Chem Malaysia’s product and service offerings and expand the company’s geographic footprint. Financial details of the transaction were not disclosed. Read More
Zouk Capital and SolarCity Lead a US$16 Million Investment for Off Grid Electric(Sub-Saharan Africa)
Private equity fund manager Zouk Capital and solar energy company SolarCity have led a US$16 million investment round for Tanzania-based off-grid energy provider Off Grid Electric. Vulcan Capital, the private investment firm of Microsoft co-founder Paul Allen, also participated in the round. Off Grid Electric plans to increase its product offerings and quality of service. Read More
Enterprise Investors Acquire a 19 Percent Stake in JS Hamilton Poland for EUR8 Million (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital firm Enterprise Investors has agreed to acquire a 19 percent stake in JS Hamilton Poland, a Poland-based provider of laboratory analysis and inspection services, for EUR8 million (approximately US$9.8 million). The transaction, which is conditional upon regulatory approval, will be structured through Enterprise Venture Fund I. JS Hamilton Poland operates a network… Read More
The Carlyle Group Invests US$32.8 Million in Newgen KnowledgeWorks (Asia)
Global alternative asset manager The Carlyle Group has acquired a 55 percent stake in India-based publishing and technical services provider Newgen KnowledgeWorks from existing investors for US$32.8 million. The transaction was structured through First Carlyle Ventures III. Carlyle acquired the stake held by private equity investors Franklin Templeton Private Equity Strategy, Aureos South Asia Fund (now managed by The Abraaj… Read More
Amethis Finance and Retail Holding Jointly Invest in Compagnie de Distribution de Côte d’Ivoire (Sub-Saharan Africa)
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and Retail Holding, the parent company of Moroccan food distributor Label’Vie Group, have jointly invested in Côte d'Ivoire-based food distribution company Compagnie de Distribution de Côte d'Ivoire (CDCI). CDCI owns and operates wholesale, semi-wholesale and retail stores. Financial details of the transaction were not disclosed. Read More
Actis Invests in Université Centrale Group (MENA)
Pan-emerging markets private equity firm Actis has invested in Tunisa-based Université Centrale Group, a provider of private tertiary education in Tunisia. The university’s four schools offer courses across medical, legal, engineering and business disciplines. Financial details of the transaction were not disclosed. Read More
Permira Backs Management in Teraco Buyout (Sub-Saharan Africa)
International private equity firm Permira has agreed to acquire 100 percent of the equity in South Africa-based Teraco in partnership with the company’s management. The transaction was structured through Permira V. Established in 2008 after the deregulation of South Africa’s telecoms market, Teraco provides carrier-neutral datacenter services in Sub-Saharan Africa. Permira’s investment, the firm’s first in Africa, will support the Teraco’s… Read More
Cartica Capital Partially Exits Kitchen Appliance Manufacturer TTK Prestige (Asia)
Emerging markets-focused alternative asset manager Cartica Capital has partially exited India-based kitchen appliances manufacturer TTK Prestige for INR465 million (approximately US$7.5 million). Cartica’s remaining 5.7 percent stake is worth around INR2.5 billion (approximately US$40 million). Cartica originally invested in the company in June 2013. Read More
Aditya Birla Private Equity Among Anchor Investors in Monte Carlo Fashions IPO (Asia)
India-focused investment manager Aditya Birla Private Equity has acquired a 2.5 percent stake in India-based apparel manufacturer Monte Carlo Fashions for INR350 million (approximately US$5.6 million). The transaction, which was part of an anchor investor allotment ahead of the company’s public issue on the Bombay Stock Exchange and the National Stock Exchange, was structured through Aditya Birla Private Equity Fund… Read More