India-focused private equity fund manager Gaja Capital has sold a 20 percent stake in India-based spirits company John Distilleries to Sazerac, a U.S.-based liquor producer. The transaction reportedly values John Distilleries at INR10 billion (approximately US$144 million). The deal marks Sazerac’s second investment in the company after it purchased a… Read More
Africa-focused private equity fund manager Adenia Partners has acquired a controlling stake in Tumaini Self Service, a Kenya-based supermarket chain operator. Adenia acquired the company through its special purpose vehicle Sokoni Retail Kenya. Tumaini, which has six grocery branches, plans to use the new funds to expand throughout the Nairobi… Read More
India-based budget hotel chain Imperativ Hospitality has raised INR1 billion (approximately US$14 million) from Samena Capital, a principal investment group focused on South Asia, the Middle East and North Africa, to complete its Series B funding round. Samena initially invested INR1.1 billion (approximately US$17 million) in Imperativ’s Series B in… Read More
Volt Lines, a Turkey-based company offering subscription-based minibus transportation services, has raised US$1 million in a pre-Series A round led by Dubai Angel Investors, a Middle East-focused angel investment network. Other participants in the funding round include venture capital fund manager Middle East Venture Partners (MEVP), Turkey-based car rental company… Read More
Global private equity fund manager Warburg Pincus and China-based commercial real estate developer CREATER have agreed to establish a joint venture to pursue urban redevelopment projects in China. As part of the agreement, Warburg will commit up to US$300 million in equity to CREATER at the corporate level and to… Read More
EFG Hermes Private Equity, a Middle East and North Africa-focused private equity fund manager, has reached a first close for Egypt Education Fund (EEF) with US$119 million in capital commitments. Launched in May 2018, the fund reportedly exceeded the first close target of US$50 million to US$100 million. Investors in… Read More
Asia-focused fund of funds manager Axiom Asia Private Capital has reached a final close for its fifth regional fund of funds with US$1.4 billion in capital commitments. Investors in the fund include State Teachers Retirement System of Ohio, which committed US$75 million; Montana Board of Investments, which invested US$40 million;… Read More
Triple P Capital, a Southeast Asia-focused private equity firm investing in non-bank financial services, has acquired a 100 percent stake in Asia- and Scandinavia-focused insurance IT solutions provider Contemi Group. The company, which was founded in Norway and the United Kingdom in 2001, expanded to Vietnam in 2011 and employs… Read More
Africa-focused private equity fund manager Emerging Capital Partners (ECP) has acquired a majority stake in Artcaffé Group, a Kenya-based restaurant company. Artcaffé operates 26 restaurants in Nairobi across five brands, including Artcaffé Coffee and Bakery, Dorman’s Coffee, OhCha Noodle Bar, Urban Burger Bar and Tapas Ceviche Bar. Artcaffé intends to… Read More
Global alternative asset manager The Carlyle Group has agreed to invest US$40 million in Wakanow, a Nigeria-based online travel agency focused on West and East Africa. Carlyle invested through its Sub-Saharan Africa Fund. West Africa-focused private equity fund manager African Capital Alliance (ACA), which invested US$13 million in Wakanow in… Read More
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