Southeast Africa-focused private equity fund manager Inside Capital Partners has agreed to provide USD7.5 million in mezzanine financing to Sub-Saharan Africa-based hospitality chain Latitude Hotels Group. Inside Capital will invest from its first fund, Inside Equity Fund. Latitude Hotels Group, which operates three hotels in Malawi, Zambia, and Uganda, intends… Read More
Global private equity firm Bain Capital has acquired a majority stake in China-based data center developer and operator Xiamen Qinhuai Technology for CNY990 million (approximately USD146 million) from parent company NetScience Technology. The deal also reportedly includes an additional CNY300 million (approximately USD44 million) investment from three NetScience executives. Qinhuai… Read More
NBK Capital Partners, an alternative investment fund manager focused on the Middle East, North Africa, and Turkey, has acquired a 100 percent stake in Egypt-based private school King Integrated American School (KIAS). NBK executed the transaction through its portfolio company Kaumeya Language Schools, an Egypt-based international school network. Following the… Read More
Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a first close for Kotak Special Situations Fund with USD625 million in capital commitments. The fund received a USD500 million anchor commitment from the Abu Dhabi Investment Authority. Kotak Special Situations Fund will invest in non-performing loans… Read More
China-based delivery services company Lalamove has secured USD300 million in a two tranches Series D funding round led by China-focused private equity fund manager Hillhouse Capital and global venture capital firm Sequoia Capital. Other participants in the round include private equity and venture capital fund managers Eastern Bell Venture Capital,… Read More
Asia-focused credit and special situations fund manager Clearwater Capital Partners has reportedly held a first close for Clearwater Capital Yield Fund. Asset manager Fiera Capital Corporation made an anchor commitment of USD50 million to the vehicle, which has a target of USD300 million in total commitments. The fund will invest… Read More
Central Europe-focused private debt and growth capital investor Syntaxis Capital has exited its investment in Polflam, a Poland-based fire-resistant glass manufacturer, as part of family office Baltisse’s acquisition of the business. Syntaxis originally funded a leveraged recapitalization of Polflam by the company’s founders in 2014. Financial details of the transaction… Read More
Solar energy financing firm SunFunder has reached a first close for Solar Energy Transformation Fund with USD42.5 million in capital commitments. Investors in the fund include the Overseas Private Investment Corporation, which committed USD25 million; Calvert Impact Capital, which committed USD7.5 million; and Ceniarth and the IKEA Foundation, which each… Read More
Central and Eastern Europe-focused private equity firm Mid Europa Partners has agreed to sell Bambi, a Serbia-based snack food manufacturer, to Coca-Cola Hellenic Bottling Company for EUR260 million (approximately USD294 million). Mid Europa originally acquired the company in 2015. The sale is subject to customary competition authority approval and is… Read More
Global alternative fund manager Spruceview Capital Partners has raised USD300 million through the Series A issue of a Certificado de Proyectos de Inversión (CerPi) offering on the Mexican Stock Exchange (BMV). The fund, which listed under the ticker symbol SVPI 19, has the option to raise an additional USD700 million… Read More
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