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The Carlyle Group Sells Its Majority Stake in Cyberoam Technologies to Sophos (Asia)
Global alternative asset manager The Carlyle Group has sold its majority stake in India-based network security appliances company Cyberoam Technologies to global provider of IT security solutions Sophos. The transaction was structured through Carlyle’s affiliate First Carlyle Ventures Mauritius, which had acquired a majority stake in IT products and software solutions company Elitecore Technologies in 2007. The network security business… Read More
Darby Private Equity and ARX Equity Partners Invest in Gramex (CEE and CIS)
Darby Private Equity, the private equity arm of Franklin Templeton Investments, ARX Equity Partners, a private equity investor focused on mid-sized companies in CEE, and food industry executive Gerard Lenihan have completed the buyout of Hungary-based manufacturer and bottler of nonalcoholic beverages Gramex 2000. The transaction was structured through Darby Converging Europe Fund III and ARX CEE III. Darby, ARX… Read More
Aureos South Asia Fund Sells a Ten Percent Stake in Central Hospital to Actis-backed Asiri Hospital Holdings (Asia)
Global growth markets investor The Abraaj Group has sold a ten percent stake in Sri Lanka-based private tertiary care hospital Central Hospital to Asiri Hospital Holdings, both of which are owned by Asiri Group of Hospitals. The transaction was structured through The Abraaj Group’s Aureos South Asia Fund. Asiri Hospital Holdings, which is backed by pan-emerging private equity firm Actis,… Read More
Verod Acquires a Minority Stake in Upstream Oil and Gas Business SacOil (Sub-Saharan Africa)
Verod Capital Management, a Nigeria-based private equity firm, has acquired a minority stake in South Africa-based upstream oil and gas business SacOil Holdings. SacOil intends to acquire and develop near production assets across Africa, building a portfolio while seeking partnerships with local and international oil and gas companies. Financial details of the transaction were not disclosed. Read More
Adenia Capital (II) Exits Textile Manufacturing Company CTL (Sub-Saharan Africa)
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in the West Africa and Indian Ocean regions, has exited its investment in Mauritius-listed Ciel Textile (CTL), a textile manufacturing company active in Mauritius, Madagascar, India and Bangladesh. Adenia Partners, structured through Adenia Capital (II), originally invested in CTL in March 2010, and this exit reportedly… Read More
Syntaxis Capital Takes a Stake in BIK Brokers (CEE and CIS)
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has completed an investment in Poland-based motor insurance broker BIK Brokers. The company, which acts as an intermediary between its clients and insurance providers, intends to use the investment to support its growth strategy. Financial details of the transaction were not disclosed. Read More
KKR to Invest US$100 Million in Avantha Group (Asia)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has signed a deal to invest US$100 million in India-based Avantha Group, a business conglomerate with diverse interests ranging from pulp and paper to power transmission to food processing. KKR will subscribe to five-year callable securities issued by Avantha Holdings, the holding company of Avantha Group. The company intends to use… Read More
BaltCap Private Equity Fund II Holds First Close (CEE and CIS)
BaltCap, a private equity and venture capital investor in the Baltic States, has reached a first close on its latest fund, BaltCap Private Equity Fund II, with EUR50.6 million (approximately US$68.4 million) in capital commitments. The fund is targeting EUR100 million (approximately US$135.1 million) and will make equity investments in companies in the Baltic region, seeking to acquire controlling stakes… Read More
Ashmore Acquires an Interest in Airport Runway Concessionaire Compañía de Desarollo Aeropuerto Eldorado (Latin America)
A fund managed by Ashmore Colombia, an Andean private equity investment manager and subsidiary of emerging market-focused investment manager Ashmore Group, has acquired an 85 percent interest in Colombia-based Compañía de Desarollo Aeropuerto Eldorado (Codad), the concessionaire of the two runways at El Dorado Airport in Bogotá, from international telecommunications infrastructure group Abertis Infraestructuras for a total consideration of COP132… Read More
AFIG Funds Closes a US$50 Million Recapitalization of the Atlantic Coast Regional Fund (Sub-Saharan Africa)
Private equity fund manager Advanced Finance and Investment Group (AFIG Funds) has announced the December 2013 close of a US$50 million recapitalization of its Atlantic Coast Regional Fund (ACRF), bringing its assets under management to US$122 million. Development finance institutions CDC Group and African Development Bank participated in the recapitalization, with CDC Group announcing a US$18.4 million commitment. ACRF is… Read More
Cordiant Backs US$100 Million Loan for Agribusiness Company Fiagril (Latin America)
Emerging markets-focused debt and equity fund manager Cordiant Capital has contributed US$10 million to a US$100 million trade financing facility for Brazil-based agribusiness company Fiagril. Cordiant’s loan, structured through Cordiant Emerging Loan Fund (CELF) IV, was made in syndication with global agribusiness company Bunge International Commerce, part of food processing group Bunge. Fiagril is a supplier of seeds, fertilizer and… Read More
Insight Venture Partners Leads a US$27 Million Series B Round in Vinted (CEE and CIS)
Global private equity and venture capital firm Insight Venture Partners has led a US$27 million Series B financing round in Lithuania-based Vinted, a mobile marketplace for second-hand clothes. Existing investor venture capital firm Accel Partners also participated in the round. Vinted intends to use the funding to expand its business in the United States and to continue product development. The… Read More