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Vantage Capital Commits US$30 Million in Financing to Surfline Communications (Sub-Saharan Africa)
Africa-focused mezzanine investor Vantage Capital has concluded a transaction with Ghana-based wireless broadband company Surfline Communications to provide US$30 million worth of expansion capital to Surfline together with a co-investor. The transaction was structured through Vantage Mezzanine Fund II. The capital will be used for the ongoing expansion of Surfline’s 4G LTE network in Ghana, as well as to grow… Read More
Lombard Investments Backs Shrimp Producer Viet Uc Seafood (Asia)
Private equity investment manager Lombard Investments has invested in Vietnam-based shrimp seed producer Viet Uc Seafood. The transaction was structured through Lombard Asia IV. The company specializes in hatchery and nurturing shrimp through several larval stages before sale. Financial details of the transaction were not disclosed. Read More
Emerging Capital Partners-backed IHS Holding Raises US$2.6 Billion in New Financing (Sub-Saharan Africa)
Nigeria-based telecoms infrastructure group IHS Holding has raised US$2 billion in equity and US$600 million in debt from a consortium of Asian, European and African investors. Existing shareholders, which include private equity firm Emerging Capital Partners (ECP) and funds managed by Goldman Sachs, also participated in the new financing. ECP originally invested in the company in 2011 through ECP Africa… Read More
African Capital Alliance Invests in Filmhouse Cinemas and Film One (Sub-Saharan Africa)
West Africa-focused investment firm African Capital Alliance (ACA) has invested in Filmhouse Cinemas, a Nigeria-based cinema chain, and Film One, its associated film production and distribution company. The transaction was structured through ACA’s third fund, CAPE III. Through its partnership with ACA, Filmhouse and Film One hope to scale their operations and strengthen their market position in Nigeria. Financial details… Read More
Spark Capital Leads a BRL100 Million Series C Funding Round for Brazil-based VivaReal (Latin America)
Venture capital firm Spark Capital has led a Series C financing round of more than BRL100 million (approximately US$41 million) for Brazil-based real estate portal VivaReal. The transaction was structured through Spark Capital Growth Fund. LeadEdge Capital, a United States-based growth equity firm, joined Spark Capital and existing investors in this round. VivaReal's existing investors include venture capital firms Monashees… Read More
IDFC Alternatives Exits Ashoka Buildcon (Asia)
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, has exited India-based Ashoka Buildcon, which constructs and operates roads and bridges on a build, operate and transfer basis. The firm started selling shares in Ashoka Buildcon in 2013 and recently completed its exit with a reported 2x return on its initial INR1 billion (approximately US$22 million) investment… Read More
Vantage Capital Provides ZAR77 Million in Funding to AfriSam (Sub-Saharan Africa)
Africa-focused mezzanine investor Vantage Capital has provided ZAR77 million (approximately US$7 million) for the acquisition of preferred equity facilities in a Pembani Group-owned special purpose vehicle that holds a 30 percent stake of the ordinary equity and payment-in-kind notes in South Africa-based AfriSam, a building and construction materials company. The transaction was structured through Vantage Mezzanine Fund II. Pembani Group… Read More
Vaatsalya Raises Funding from Existing Investors Aavishkaar and Bamboo Finance (Asia)
India-based hospital chain operator Vaatsalya Healthcare Solutions has raised a financing round from early-stage investor Aavishkaar and global microfinance private equity investor Bamboo Finance, both existing investors in the company. Aavishkaar’s investment was structured through Aavishkaar India II. Vaatsalya intends to use the funding to upgrade its existing hospitals, expand its current services, build its management team and widen its… Read More
Advent International and EBRD Agree to Acquire the Balkans-focused Banking Unit of Hypo Alpe-Adria-Bank International (CEE and CIS)
Global private equity firm Advent International and development finance institution European Bank for Reconstruction and Development (EBRD) have agreed to acquire Hypo SEE Holding, the Balkan-focused banking unit of Austria-based bank Hypo Alpe-Adria-Bank International. Advent will pay a reported EUR100 million (approximately US$127 million) for the unit, which owns banks in Slovenia, Croatia, Serbia, Bosnia-Herzegovina and Montenegro. After the acquisition, the… Read More
Dymon Asia Private Equity Acquires a Stake in Atlas Vending (Asia)
Investment management company Dymon Asia Private Equity (DAPE) has acquired a majority stake in Singapore-based vending machine owner and operator Atlas Vending from Atlas’s founding Tan family. Atlas Vending manages more than 5,000 machines in Singapore and Malaysia. DAPE intends to increase the number of Atlas’s vending machines and deploy new technologies. Financial details of the transaction were not disclosed. Read More
Warburg Pincus Invests INR5.5 Billion in Laurus Labs (Asia)
Global private equity firm Warburg Pincus has acquired a 32 percent stake in India-based Laurus Labs, a developer and manufacturer of active pharmaceutical ingredients, for INR5.5 Billion (approximately US$90 million). The company had previously raised a financing round from Fidelity Growth Partners India (FGPI), the private equity arm of Fidelity International, and Fidelity Biosciences, a United States-based division of Fidelity… Read More
NYLIM Jacob Ballas India Invests INR500 Million in Adlabs Entertainment (Asia)
NYLIM Jacob Ballas India, a vehicle co-owned by New York Life Insurance Company and private equity advisory firm Jacob Ballas Capital India, has invested INR500 million (approximately US$8 million) in a pre-IPO financing round for India-based theme park operator Adlabs Entertainment. The company, which owns the Adlabs Imagica theme park, received approval for its IPO from the Securities and Exchange… Read More