Innova Capital, a Central and Eastern Europe-focused private equity firm, has reached a final close of EUR271 million (approximately USD297 million) for Innova/6. Previous investors with Innova provided over 60 percent of committed capital. Limited partners in the new fund include institutional and commercial investors from Europe and North America. Read More
Africa-focused private investment fund manager Amethis has invested in VLH, the hospitality subsidiary of Mauritius-listed holding company Rogers Group. VLH operates seven hotels in Mauritius under the brands Heritage Resorts and Veranda Resorts with an emphasis on sustainable tourism. Amethis’ investment will support further development of the Bel Ombre region… Read More
Africa-focused energy infrastructure investor Inspired Evolution has attained a final close with USD216 million in commitments for its Evolution II Fund. The fund’s twelve investors include CDC Group, Cyane Holdings, the European Investment Bank, KLP Norfund Investments, and Morgan Stanley Alternative Investment Partners, among others. Evolution II Fund will invest… Read More
Shareholders in South Africa-based fiber network operator Vox Telecom, including private equity fund manager Metier, have agreed to participate in a ZAR2 billion (approximately USD131 million) recapitalization of the business in partnership with company management. As part of the transaction, Metier, South Africa-based Rand Merchant Bank, and others will buy… Read More
Global alternative investment manager KKR has completed a partial exit of Bombay Stock Exchange-listed life insurance company SBI Life, selling 5.3 million shares representing a 0.5 percent stake for INR811 (USD11) per share and returning INR4.3 billion (USD60 million). KKR and Singaporean sovereign wealth fund Temasek Holdings originally acquired a… Read More
Korea-focused private equity fund manager VIG Partners has agreed to sell HiParking, a Korea-based manager of car parks, to Humax, a Korea-based consumer electronics manufacturer, for KRW170 billion (approximately USD140 million). VIG, which reportedly expects the exit to generate a 3.2x return multiple, initially invested KRW27 billion (USD24 million) for… Read More
Africa-focused private investment fund manager Tamela Capital Partners has reached a ZAR420 million (approximately USD27 million) first close for Tamela Mezzanine Debt Fund 1. The fund seeks to finance mid-market companies with ticket sizes between ZAR50 million (USD3 million) and ZAR150 million (USD10 million). Tamela will primarily invest in South… Read More
DSG Consumer Partners, an India- and Southeast Asia-focused early-stage venture capital firm, has achieved a final close of USD65 million for DSG Consumer Partners III. Investors in the fund include Verlinvest, which was also an anchor investor in DSG’s second fund, as well as family offices and other institutional investors… Read More
Latin American venture capital firm Kaszek Ventures has reached final closes of USD375 million for the firm’s fourth early-stage fund Kaszek Ventures IV and USD225 million for Kaszek Ventures Opportunity I, which will target later-stage companies. Investors in both funds include university endowments, foundations, and local and global entrepreneurs. The… Read More
Africa-focused financial services investment company Arise has acquired a 14.1 percent stake in pan-African banking group Ecobank Transnational from IFC and IFC Asset Management Company (AMC). IFC AMC first invested in Ecobank through the IFC African, Latin American and Caribbean Fund and IFC Capitalization Fund in 2010. Financial details of… Read More
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