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Montagu Private Equity to Sell Emitel to Alinda Infrastructure Funds (CEE and CIS)
European private equity firm Montagu Private Equity has agreed to a sell a 100 percent stake in Poland-based Emitel, owner and operator of a nationwide network of tower infrastructure sites, to investment funds managed by infrastructure investment firm Alinda Capital Partners. Montagu, along with co-investors private equity firms Innova Capital and Value4Capital and development finance institution European Bank for Reconstruction… Read More
The Abraaj Group to Acquire 80 Percent of Turkey-based Dairy Company Yörsan (CEE and CIS)
Global growth markets investor The Abraaj Group will acquire an 80 percent stake in Turkey-based dairy products manufacturer Yörsan. A player in the domestic cheese and yogurt market, Yörsan products are exported to 17 countries including the U.S. and Japan. Financial details of the transaction, which is subject to approval by the Turkish Competition Authority, were not disclosed. Read More
SaudConsult and Beltone Private Equity to Acquire Stake in Egypt-based PGESCo (MENA)
Saudi Arabia-based engineering firm SaudConsult and BPE Power and BPE Investments, two investment funds managed by Beltone Private Equity (BPE), an affiliate of Egypt-based Beltone Financial Holding, have concluded an agreement to acquire 40 percent of Egypt-based Power Generation Engineering and Services Company (PGESCo), a provider of engineering, procurement, project and site management services to electric power plants. SaudConsult will… Read More
ICICI Venture Invests US$22.4 Million in BTI Payments (Asia)
ICICI Venture, the alternative asset management arm of ICICI Bank, has acquired a significant stake in India-based supplier of ATM and point of sales (POS) deployment and managed services BTI Payments for INR1.4 billion (approximately US$22.4 million). The company intends to use the capital injection to enter the White Label ATMs (automated teller machines set up by non-bank entities) segment… Read More
ARIF Fund Acquires a 20 Percent Stake in Mass Céréales Al Maghreb (MENA)
Infra Invest, a management company for investment funds specializing in infrastructure projects in Africa and a subsidiary of asset manager RMA Capital, has announced the acquisition of a 20 percent ownership position in Morocco-based Mass Céréales Al Maghreb, a subsidiary of the family-owned conglomerate Holmarcom Group. The transaction was structured through Infra Invest, the investment advisor of ARIF Fund, an… Read More
21 Partners Raises EUR60 Million for Poland-focused Fund (CEE and CIS)
European private equity firm 21 Partners has held a first close on mid-market fund 21 Concordia with EUR60 million (approximately US$81 million) in capital commitments. Investors include development finance institutions European Investment Fund (EIF) and European Bank for Reconstruction and Development, as well as Polish Growth Fund of Funds, an initiative supported by Bank Gospodartstwa Krajowego of Poland and EIF.… Read More
Mediterrània Capital II Reaches EUR90 Million First Close (MENA)
Mediterrània Capital Partners, a division of the Spanish financial group Riva y Garcia, has announced the first closing of Mediterrània Capital II with EUR90 million (approximately US$122 million) in capital commitments. Investors include development finance institutions International Finance Corporation, European Investment Bank and European Bank for Reconstruction and Development. The fund, which has a final target of EUR150 million (approximately… Read More
Vantage Capital Launches The Vantage GreenX Fund with Total Commitments of ZAR2.2 Billion (Sub-Saharan Africa)
Mezzanine-focused private equity fund manager Vantage Capital Group has launched a renewable energy debt fund, The Vantage GreenX Fund, with ZAR2.2 billion (approximately US$215 million) in capital commitments. Investors include a number of South African pension funds. The Vantage GreenX Fund will invest in the senior debt of projects that were awarded as part of the South African Renewable Energy… Read More
IvyCap Ventures, IDG Ventures India and RVCF Participate in a Series B Round for Aujas Networks (Asia)
Venture capital firm IvyCap Ventures has led an INR310 million (approximately US$5 million) financing round for India-based information risk management service provider Aujas Networks. Existing investor IDG Ventures India, a technology-focused venture capital firm, and new investor Rajasthan Venture Capital Fund (RVCF), a venture capital fund manager, also participated in the round. Aujas was originally incubated by IDG as part… Read More
VTB Capital Sells Shares in Russia-based Luxoft in NYSE Follow-on Offering (CEE and CIS)
VTB Capital, the investment arm of Russia-based VTB Group, has completed the sale of its stake in Russia-based Luxoft Holding, a provider of software development services and IT solutions, in a secondary public offering on the New York Stock Exchange (NYSE) that was more than three times oversubscribed. VTB Capital sold 2.8 million Class A ordinary shares held by its… Read More
Investcorp Acquires Minority Stake in Turkey-based Meat Producer Namet (CEE and CIS)
Investcorp, a Bahrain-based manager of alternative investment products, will acquire a minority stake in Turkey-based meat producer Namet, which offers products such as pastrami, sausage, salami, bacon, smoked hot dogs and roast beef. Financial details of the transaction, which is subject to approval by the Turkish Competition Authority, were not disclosed. Read More
Convergence Partners Holds a US$145 Million First Close on Africa-focused ICT Infrastructure Fund (Sub-Saharan Africa)
Africa-focused investment management firm Convergence Partners has reached a first close on Convergence Partners Communications Infrastructure Fund (CPCIF) with US$145 million in capital commitments. Investors include development finance institutions International Finance Corporation, European Investment Bank, Netherlands Development Finance Company, Development Bank of Southern Africa and CDC Group. CPCIF, which has a final target of US$250 million, aims to invest in… Read More