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Delta Partners to Invest up to EUR10 Million in Virgin Mobile Central and Eastern Europe (CEE and CIS)
Management advisory and investment firm Delta Partners has signed an agreement to invest up to EUR10 million (approximately US$13.1 million) in mobile virtual network operator Virgin Mobile Central and Eastern Europe (VMCEE). This is part of a larger EUR40 million (approximately US$51.8 million) financing round for VMCEE that includes participation from development finance institutions International Finance Corporation and European Bank… Read More
KKR Agrees to Provide Structured Financing to GMR Holdings and to Acquire an Additional Stake in Tiga Pilar Sejahtera Food (Asia)
Global investment firm KKR has signed a term sheet to provide INR10 billion (approximately US$164.2 million) of structured long-term financing, with co-investors, to India-based GMR Holdings, the holding company for infrastructure business group GMR Infrastructure (GIL). GMR Holdings will then infuse funds in GIL in order to strengthen its balance sheet, support its funding requirement for projects and meet its financing… Read More
Sadara Ventures and Siraj Palestine Fund Invest US$3.2 Million in WebTeb (MENA)
Palestine-based WebTeb, the operator of an Arabic language health and lifestyle portal, has closed a US$3.2 million Series C financing round led by venture capital firm Sadara Ventures. Existing investors, including Palestine-focused fund manager Siraj Fund Management Company (SFMC), also participated. SFMC’s transaction was structured through Siraj Palestine Fund. WebTeb provides professional medical content online and via a mobile application,… Read More
Nexxus Capital-backed Grupo Hotelero Santa Fe Lists on the Mexican Stock Exchange (Latin America)
Grupo Hotelero Santa Fe-a platform created by Mexico-focused private equity firm Nexxus Capital, industrial conglomerate Grupo Chartwell and private equity real estate firm Walton Street Capital to operate and acquire hotels in Mexico-placed its shares on the Mexican Stock Exchange on 12 September at a price of MXN10 (approximately US$0.76) per share. The aggregate value of the offering, which consisted… Read More
Vantage’s Fund II Provides Mezzanine Funding to Austell Laboratories (Sub-Saharan Africa)
Mezzanine-focused private investment fund manager Vantage Capital has provided mezzanine financing to South Africa-based Austell Laboratories, a 100 percent black-owned pharmaceutical company. The transaction was structured through Vantage's Fund II. Austell intends to use the financing to fund its working capital needs and to expand its range of products. Financial details of the transaction were not disclosed. Read More
Syntaxis Capital Invests EUR15 Million in Glass-Team (CEE and CIS)
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has invested EUR15 million (approximately US$19.4 million) in debt and equity in Poland-based Glass-Team, a manufacturer of fire-resistant glass used in commercial building facades, exterior and interior walls, windows and doors. The investment will support Glass-Team's European expansion and allow the company to pursue add-on acquisitions. Read More
Mekong Enterprise Fund II Exits Golden Gate (Asia)
Vietnam-focused private equity firm Mekong Capital has divested its stake in Vietnam-based restaurant chain operator Golden Gate. Mekong Capital originally invested US$1.5 million in Golden Gate via a convertible bond in April 2008. The investment was structured through Mekong Enterprise Fund II. Mekong Capital's exit resulted in a reported net return multiple of 9.1x and a gross IRR of 45.1… Read More
OrbiMed Asia Partners II Reaches a US$325 Million Final Close (Asia)
Healthcare-focused investment firm OrbiMed Advisors has closed OrbiMed Asia Parters II with US$325 million in capital commitments, surpassing its original US$300 million target. The fund intends to invest in drug developers, diagnostics firms and medical device manufacturers in Asia. Read More
Clearwater Exits Dolphin Offshore Enterprises (Asia)
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has exited India-based marine operation and construction company Dolphin Offshore Enterprises India by selling its entire 6.54 percent stake through open market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. The sale amount was estimated to be between INR130 million (approximately… Read More
IHS Fund II Reaches a First Close (Sub-Saharan Africa)
International Housing Solutions (IHS), an investment firm focused on residential housing, has reached a first close on its second affordable housing fund, IHS Fund II, with ZAR1.5 billion (approximately US$138 million) in capital commitments. Investors included Overseas Private Investment Corporation, National Housing Finance Corporation, International Finance Corporation, Global Environmental Facility, WDB Investment Holdings and Eskom Pension and Provident Fund. IHS… Read More
LeapFrog Investments Closes Its Second Fund with US$400 Million in Commitments (Asia, Sub-Saharan Africa)
Emerging markets financial services investor LeapFrog Investments has closed its second fund with US$400 million in capital commitments. Investors in the final close, which was oversubscribed, included AIG, Alliance Trust, AXA, HESTA, RGA Reinsurance and Zurich Insurance Group. The new fund will make equity investments of US$10 million to US$50 million in Ghana, Kenya, Nigeria, South Africa, India, Indonesia, the… Read More
Tata Capital to Buy a 17 Percent Stake in Standard Greases & Specialties (Asia)
Tata Capital, the private equity arm of the Indian conglomerate Tata Group, has received approval from the Competition Commission of India to acquire a 17 percent stake in India-based lubricating grease manufacturer Standard Greases & Specialties. The transaction will be structured through Tata Capital Growth I and Alpha TC Holdings, a fund backed by Japan-based investment bank Mizuho Securities and… Read More