Africa-focused private investment fund manager Amethis has reportedly sold its 29 percent stake in Morocco-based consumer goods distributor Dislog Group to H&S Invest Holding, an investment vehicle of the Belkhayate family. In 2018, Amethis took over management of Amethis Maghreb Fund I—formerly known as Capital North Africa Venture II and… Read More
Global private equity fund manager Warburg Pincus has agreed to acquire an 80 percent stake in India-based education finance company Avanse Financial Services from diversified holding company Wadhawan Global Capital. As part of the transaction, Warburg plans to make an INR3 billion (approximately USD43 million) primary capital injection in the… Read More
Cube Highways and Infrastructure, an India-based toll road investment platform established by global infrastructure investment firm I Squared Capital, has agreed to acquire 100 percent of the Delhi-Agra Toll Road from India-based developer Reliance Infrastructure at an enterprise value of INR36 billion (approximately USD517 million). The Delhi-Agra Toll Road comprises… Read More
India Infrastructure Trust, an investment vehicle 90 percent-owned by global alternative investment firm Brookfield Asset Management, has agreed to acquire the East West Pipeline from India-based conglomerate Reliance Industries for INR130 billion (approximately USD1.9 billion). As part of the agreement, Reliance will participate in a portion of the net earnings… Read More
India-based agriculture technology startup AgroStar has raised USD27 million in a Series C funding round led by Bertelsmann India Investments, an investment arm of global media company Bertelsmann. Existing investors Accel Partners, Chiratae Ventures, and Aavishkaar Venture Management also participated in the round. AgroStar provides various goods and services to… Read More
Brazil-focused real estate and private credit fund manager Hemisfério Sul Investimentos (HSI) has acquired Class A office buildings Evolution and Itower, located in the São Paulo, Brazil metropolitan area, for a combined BRL400 million (USD104 million). The buildings reportedly have an occupancy rate of 95 percent, with corporate tenants such… Read More
Middle East-focused fund managers Algebra Ventures and Ezdehar Management have invested in Egypt-based loyalty services solutions provider Dsquares. The company provides customer loyalty management solutions to corporate clients in the Middle East and Africa. Ezdehar previously invested in Dsquares in 2018 through Ezdehar Egypt Mid-Cap Fund. Financial details of the… Read More
India-based agricultural robotics company TartanSense has raised USD2 million in a seed round led by Asia-focused venture capital fund managers Omnivore, Blume Ventures, and BEENEXT. Other participants in the funding round include angel investors Dileep George, Akash Gupta, Samay Kohli, and Kush Jawahar. TartanSense plans to use the capital to… Read More
GCC-focused alternative asset manager Alkhabeer Capital has completed three investments in the Middle Eastern education sector, acquiring 100 percent stakes in UAE-based Capital School and Saudi Arabia-based Azezeyah, as well as a 90 percent stake in Saudi Arabia-based Tanmiyah Company. The three companies operate schools with a combined capacity of… Read More
Korea-focused fund manager IMM Private Equity has agreed to acquire the Korean assets of global industrial gas and engineering company Linde Group for KRW1.3 trillion (approximately USD1.1 billion). IMM will acquire the group’s industrial gas business while Linde will reportedly retain its specialty gas operations in Korea. The transaction is… Read More
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