BaltCap, a private equity firm focused on the Baltic countries, has agreed to sell Estonia-based online advertising company auto24 to Baltic Classifieds Group, a Lithuania-based advertising company owned by global private equity advisor Apax Partners. auto24 operates automotive classifieds portal itsauto24.ee and generalist classifieds website kuldnebors.ee. BaltCap and auto24’s management… Read More
Clean energy-focused infrastructure fund manager Armstrong Asset Management has agreed to sell a 100 percent stake in Vietnam-based wind power company Mekong Wind to Aboitiz Power Corporation, a Philippines-listed energy provider, for USD46 million. Mekong Wind owns and operates the 39.4-megawatt Dam Nai Wind Power Project in southern Vietnam. The… Read More
Nigeria-based freight logistics business Kobo360 has secured USD20 million in a Series A funding round led by global asset manager Goldman Sachs. Additional participants in the round include early-stage investors TLcom and Y Combinator, development finance institution IFC, Asia Africa Investment & Consulting, and local Nigerian banks. Kobo360, which helps… Read More
Global growth markets investor Actis has reached a final close for Actis Long Life Infrastructure Fund with USD1.2 billion in commitments. Investors in the fund include institutional investors from North America, Europe, Latin America, the Middle East, and Asia. The fund, which will mobilize up to USD2 billion considering co-investment… Read More
Southeast Asia-focused venture capital firm East Ventures has reached a final close for its sixth fund with USD75 million in capital commitments. Investors in the fund include high-net worth individuals Xing Wang, Eduardo Saverin, and Kaling Lim; family offices such as Sinarmas Group, Triputra Group, and Emtek Group; fund of… Read More
Frontier markets-focused asset manager Silk Invest has partially exited Nigeria-based food services company Sundry Foods to Norwegian development finance institution Norfund. Sundry Foods, which operates quick service restaurants, bakeries, and catering units, plans to leverage its new partnership with Norfund and existing relationship with Silk Invest to expand its product… Read More
Germany-based transportation provider FlixBus has agreed to acquire Turkey-based bus transport company Kamil Koç Otobüsleri from Actera Group, a Turkey-focused private equity fund manager. Actera acquired a 100 percent stake in Kamil Koç, which operates in 61 cities across Turkey, in July 2013 for a reported TRY65 million (approximately USD34… Read More
Brazil-focused alternative investment manager Starboard Restructuring Partners Group has acquired a 93 percent stake in Brazil-based oil company 3R Petroleum. The company—which focuses on the redevelopment of mature oil fields in Brazil, Venezuela, Peru, and Argentina—recently agreed to acquire the exploration and production rights to seven onshore and offshore oil… Read More
Venture capital fund manager Middle East Venture Partners (MEVP) and Saudi Arabia technology-focused asset manager Impact46 have led a USD6.6 million Series A investment in Nana Direct, a Saudi Arabia-based online grocery delivery platform. Other participants in the funding round include MENA-focused venture capital fund manager Wamda Capital, financial services… Read More
Global impact investing firm SEAF has invested in Serbia-based facility management service provider AVB Team. The company offers cleaning, technical maintenance, repair, disinfection, pest control, and gardening services to more than 200 clients in Serbia. AVB Team plans to use the funds to purchase new equipment, transportation vehicles, and software… Read More
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