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Tata Capital Growth Fund Buys 14 Percent Stake in Star Health & Allied Insurance Company (Asia)
India-focused private equity firm Tata Capital has invested INR1.2 billion (approximately US$22.3 million) in Indian health insurer Star Health & Allied Insurance Company for a 14 percent stake. The investment was made through the Tata Growth Capital Fund. Prior investors in Star Health include private equity and venture capital firms Sequoia Capital and ICICI Venture Funds Management, which currently hold… Read More
GrowthGate Exits Investment in Saudi Steel Fabricator (MENA)
GrowthGate Capital Corporation, a growth investment firm focused on the Middle East and North Africa region, has exited its investment in Roots Steel International (RSI), a Saudi Arabia-based steel fabricator. GrowthGate sold its minority stake in RIS, in which it originally invested in 2010, to a consortium of majority shareholders. While financial details of the transaction were not disclosed, GrowthGate… Read More
Gulf Capital Invests in OCB Oilfield Services (MENA)
Middle East-focused private equity firm Gulf Capital has acquired a majority stake in United Arab Emirates-based oil and gas crew supply and related logistics provider OCB Oilfield Services. OCB provides companies in the oil and gas industries with outsourced human resources solutions and operates in the Middle East, Southeast Asia and Africa. Financial details of the transaction were not disclosed. Read More
Safer Taxi Gets US$4.2 Million Capital Injection (Latin America)
Safer Taxi, a Chile-based mobile taxi service application developer, has received a US$4.2 million investment from venture capital firms Otto Capital, Kaszek Ventures and Draper Associates. Safer Taxi allows its users to summon taxis through a smartphone application and has 2,250 registered taxis in Chile, Brazil and Argentina. Read More
Apax Sells 4.6 Percent in Apollo Hospitals for US$98 Million (Asia)
Global private equity investment group Apax Partners has sold an approximate 4.6 percent stake in Indian hospital operator Apollo Hospitals Enterprises through an open market share sale on India’s Bombay Stock Exchange for INR5.3 billion (approximately US$98 million). The shares represented approximately half of Apax’s stake in Apollo Hospitals, which stood at 9.67 percent before the transaction. Apax first invested… Read More
CDC Backs Sub-Saharan African Debt Capital Fund with US$30 Million Investment (Sub-Saharan Africa)
CDC, the development finance institution of the United Kingdom, has committed US$30 million to Investec Africa Credit Opportunities Fund 1, a corporate debt fund managed by South African investment firm Investec Asset Management. The fund, which is targeting up to US$350 million in total commitments, will provide long-term capital to private sector companies in Sub-Saharan Africa, excluding South Africa. The… Read More
Valyoo Tech Raises INR530 Million from Unilazer, IDG (Asia)
Valyoo Technologies, a manager of online luxury retail platforms in India, has received INR530 million (approximately US$9.9 million) in funding from venture capital firms IDG Ventures India and Unilazer Ventures, a venture capital fund promoted by Indian media executive Ronnie Screwvala. IDG previously invested US$4 million in Valyoo in 2011. Read More
Investec Private Equity Buys Stake in Assupol (Sub-Saharan Africa)
Investec Private Equity, the private equity division of international specialist banking and asset management firm Investec, has acquired a 30 percent stake in Assupol, a South African life insurance and financial services company. The investment consists of an equity injection as well as a debt component payable over five years. Financial details of the transaction were not disclosed. Read More
Turkey’s Actera Group Buys 50 Percent of Çelebi Aviation Stake (CEE and CIS)
Turkish private equity firm Actera Group has bought a 50 percent stake in Turkish aviation services company Çelebi Aviation through its Dutch Zeus Aviation Services Investments vehicle. The stake was purchased from the Çelebi family, who will continue to hold a 22.63 percent stake in the company. Financial details of the transaction were not disclosed. Read More
Headland Seals Mamee-Double Decker Deal (Asia)
Asia-focused private equity firm Headland Capital Partners has entered into a partnership with Malaysian food and beverage manufacturer Mamee-Double Decker. Mamee-Double Decker produces snacks and instant noodles for the Malaysian market and plans to use the investment, which was made through Headland Private Equity Fund 6, to expand into other Southeast Asian markets. Financial details of the transaction were not… Read More
PE Firms to Invest INR904 Million in 20Cube Logistics (Asia)
India-focused private equity firm Zephyr Peacock India and Singapore-based private equity firm Credence Partners have agreed to invest INR904 million (approximately US$17 million) in Indian logistics firm 20Cube Logistics. 20Cube offers international transportation and contract logistics services in India, Australia, Sri Lanka, Bangladesh, Malaysia, Singapore, China, Uganda and the United Arab Emirates. The private equity firms will advise 20Cube on… Read More
Modal Private Equity Invests BRL100 Million in Georadar (Latin America)
Brazilian private equity firm Modal Private Equity has invested BRL100 million (approximately US$50.1 million) in Georadar Group, an oil and gas exploration and production company based in Brazil. The investment, which was made through Modal’s Óleo & Gás FIP, is intended to expand Georadar’s offshore and international activities. Read More