The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has reached financial close for an 11-year US$35 million loan to Nigeria-based Indorama Eleme Fertilizers & Chemicals (IEFCL). The transaction is part of the… Read More
North and South America-focused private equity firm Arroyo Energy Investors has acquired the Chilean operations of independent power company Pattern Energy Group for US$71 million in cash. Pattern’s Chilean operations mainly consist of its 81-megawatt ownership interest in the 115-megawatt El Arrayán Wind project. Read More
Global venture capital firm Sequoia Capital’s India arm has reached a final close for its sixth fund with US$695 million in capital commitments. The fund will invest in early- and growth-stage companies in the technology, consumer and health care sectors across India and Southeast Asia. Read More
Global impact asset manager Finance in Motion and timber sector advisory company Unique have reached a first close for the sustainable forestry-focused Arbaro Fund with US$60 million in capital commitments. Investors in the fund include development finance institutions the European Investment Bank, which committed US$20 million, and Finnfund, Austrian fair-practice… Read More
AirTrunk, a Singapore-based data center provider focused on Australia and other Asia-Pacific markets, has raised AUD850 million (approximately US$621 million) in senior debt financing and equity from shareholders including global private investment firms TPG and Goldman Sachs. Deutsche Bank was the lead arranger, underwriter and sole bookrunner for the senior… Read More
India-focused mid-market private equity fund manager Gaja Capital has sold a 3.3 percent stake in India-listed staffing services company TeamLease for INR1.48 billion (approximately US$21 million). Gaja sold 561,353 shares at INR2,645 (approximately US$37.82) per share on the National Stock Exchange of India. Gaja originally invested in the company in… Read More
Global alternative asset manager The Blackstone Group has exited a 65 percent stake in Bujagali Energy (BEL), the developer of the 250-megawatt Bujagali hydropower project in Uganda. SN Power, a hydropower developer owned by development finance institution Norfund, acquired Blackstone’s interest for US$277 million. Blackstone first invested US$120 million in… Read More
Kyrgyzstan-focused private equity fund manager Highland Capital has reached a first close for its first fund with US$15 million in capital commitments. Investors in Highland Private Equity & Mezzanine Fund include development finance institution IFC, which committed US$8 million, and high-net worth individuals Gregory Serrurier and Emil Umetaliev. The fund… Read More
Mexico-focused real estate group Be Grand has raised MXN4 billion (approximately US$211 million) via the listing of a Certificado de Capital de Desarollo (CKD) on the Mexican Stock Exchange. Investors in the CKD include Mexican pension fund Afore XXI Banorte, Mexican bank Citibanamex, Singaporean sovereign wealth fund Temasek Holdings and… Read More
Africa-focused private credit fund manager Vantage Capital has provided ZAR2.05 billion (approximately US$145 million) in debt funding to six solar and wind energy projects in South Africa with a combined capacity of 433 megawatts. The projects are part of the South African Renewable Energy Independent Power Producer (REIPP) procurement program… Read More
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