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KKR Provides Long-term Financing to Amtek Auto, Agrees to Jointly Invest in United Envirotech with CITIC (Asia)
Global investment firm KKR has agreed to provide Singapore-based Amtek Global Technologies (AGT), a subsidiary of India-listed automotive component manufacturer Amtek Auto, with EUR235 million (approximately US$293 million) in long-term financing, intended to replace its existing bridge loan and consolidate the company’s existing debt. This facility will also act as a catalyst to help integrate Amtek Auto's existing international operations… Read More
TVM Capital Healthcare Partners Launches Offer to Buy a Majority Stake in Ameco Medical Industries (MENA)
Private equity and growth capital firm TVM Capital Healthcare Partners has launched a mandatory tender offer to buy a majority stake in Egypt-listed Ameco Medical Industries, a company that designs and manufactures catheters. The move is part of a deal with commercial bank National Bank of Egypt and mutual fund manager Al Ahly Funds and Portfolio Management to purchase 100… Read More
Advent International’s LAPEF VI Reaches a US$2.1 Billion Final Close (Latin America)
Global private equity investor Advent International has closed Advent Latin American Private Equity Fund VI (LAPEF VI) with US$2.1 billion in capital commitments, reaching the fund’s hard cap. More than 60 institutional investors participated in LAPEF VI, including public and corporate pension funds, endowments and foundations, funds of funds, sovereign wealth funds, family offices and other financial institutions. LAPEF VI… Read More
The Abraaj Group Acquires a Majority Stake in Wine Connection Group (Asia)
Global growth markets investor The Abraaj Group has acquired a majority stake in Southeast Asia-based food and beverage chain Wine Connection Group. The company, which has more than 55 outlets in Singapore and Thailand, intends to expand its footprint in existing markets and replicate its business model in new territories, both regionally in Southeast Asia and beyond. Financial details of… Read More
Cable & Wireless Communications Agrees to Acquire Portland Private Equity-backed Columbus International for US$1.85 Billion (Latin America)
Cable & Wireless Communications, a London-listed communications provider operating throughout the Caribbean and Latin America, has agreed to acquire private equity-backed Columbus International, a Barbados-based diversified telecommunications company, for US$1.85 billion. The acquisition will facilitate an exit for Portland Private Equity, a Caribbean-focused private equity firm that originally invested US$65.5 million in Columbus International in December 2006 through its AIC… Read More
Actis Commits US$65 Million to Tekkie Town (Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis has acquired a minority stake in South Africa-based sports and lifestyle shoe retailer Tekkie Town for US$65 million. The company currently operates more than 260 stores across South Africa that sell a wide range of global sportswear brands. Read More
Actis Commits US$100 Million to Create Brazil-based Insurance Brokerage Platform IT’sSEG (Latin America)
Pan-emerging markets private equity firm Actis has committed US$100 million to create IT’sSEG, a buy and build insurance brokerage platform in Brazil. Actis is partnering with Thomaz Menezes, former CEO of Marsh Latin America, who will be a shareholder and act as CEO of the platform. IT’sSEG has already acquired three existing companies: Torres Benefícios, a corporate benefits broker; Barela,… Read More
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