Private equity impact investors LGT Impact and Lok Capital have committed INR650 million (approximately US$9 million) in a Series C financing round for Unmeed Housing Finance, an India-based provider of home loans to low- and middle-income families. LGT invested INR600 million (approximately US$8.3 million), and Lok, which also participated in… Read More
Growth equity firm Great Hill Partners has agreed to exit Brazil-based data center operator Ascenty to Digital Realty Trust, a U.S.-based data center company, and Brookfield Infrastructure, an affiliate of global alternative asset manager Brookfield Asset Management, for US$1.8 billion. The acquiring consortium will provide an additional US$425 million in… Read More
Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires has reached a final close for fund of funds I&P Développement 2 (IPDEV 2) with EUR21 million (approximately US$25 million) in capital commitments. Investors in the fund include the Adolf H. Lundin Charitable Foundation, the African Development Bank, BNP Paribas, Ceniarth, Soros… Read More
Global investment banking and asset management group Goldman Sachs has led a funding round totaling US$52 million for South Africa-based mobile financial services company JUMO. Other investors in the round include development finance institutions Proparco and Finnfund, as well as private equity and venture capital firms Vostok Emerging Finance, Gemcorp… Read More
Private equity fund managers Orchid Asia Group and TPG have led a US$110 million Series C round for China-based marketing solutions provider Duiba. The latter helps companies obtain and manage users on their apps and designs customer loyalty programs. The company operates a software-as-a-service platform and an interactive advertising platform. Read More
Global alternative investment manager KKR has raised US$500 million via the listing of a Certificado de Proyectos de Inversión (CerPi) on the Mexican Stock Exchange (BMV). The fund, which was listed under the ticker symbol KKR2PI 18D, will commit to other KKR investment vehicles and make co-investments in Mexico-based companies. Read More
Global impact investment firm Creation Investments Capital Management has invested MXN250 million (approximately US$13 million) for a minority stake in Mexico-based financial services company Pluscorp. Through its subsidiaries Sofoplus and Plusleasing, Pluscorp provides a range of credit products to individuals and companies. Read More
Africa-focused private equity fund manager AfricInvest has fully exited its stake in Kiboko Holdings, a Mauritius-based company with interests in pharmaceuticals, insurance and fast-moving consumer goods businesses in East Africa. AfricInvest committed EUR9.5 million (approximately US$14 million) to Kiboko through AfricInvest Fund II, a Sub-Saharan Africa-focused fund, in May 2011. Read More
Mekong Capital, a Vietnam-focused private equity fund manager specializing in consumer goods and services, has fully exited Minh Hoang Garment, a Vietnam-based manufacturer of sports apparel and outerwear. The deal represents the final divestment for Mekong Enterprise Fund, which first invested US$2 million in Minh Hoang in 2005. Financial details… Read More
Africa-focused private equity fund manager Development Partners International (DPI) has acquired a majority stake in Morocco-based irrigation systems company Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) for US$100 million. DPI purchased the stake through African Development Partners II from CMGP’s founding Moamah family and Amethis Maghreb Fund… Read More
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