Mexico-focused early-stage and growth equity fund manager Dalus Capital has led a US$3 million Series A round for Sirena, a Mexico-based developer of communications software for businesses. Latin America-focused accelerator and early-stage investment firm NXTP Labs also participated in the funding round. The company plans to use the funds to… Read More
Caribbean- and Central America-focused fund manager Portland Private Equity has reportedly completed a follow-on investment in Jamaica-based holding company Diverze Assets. Portland originally invested in Diverze Assets in 2017 through Portland Caribbean Fund II. The company’s subsidiaries include recreation and travel service provider Chukka Caribbean Adventure, automotive products distributor Tropical… Read More
Japan- and Asia-focused buyout fund manager Advantage Partners has acquired 34 China-based restaurants from U.S.-listed pizza chain Papa John’s International. The transaction includes locations in Beijing and Tianjin. Advantage invested through its debut pan-Asia fund and will operate the restaurants through acquisition vehicle Asia Gourmet Holdings. Financial details of the… Read More
Africa-focused alternative asset management firm Kuramo Capital has led a Series A funding round for Nigeria-based budget airline Green Africa Airways. Along with the new investment, the company has announced the appointment of an advisory board led by Tom Horton, the former CEO & Chairman of American Airlines. Green Africa… Read More
Mexico-focused mid-market private equity fund managers Glisco Partners and Discovery Americas have raised US$72 million via the listing of a Certificado de Proyectos de Inversión (CerPi) on the Mexican Stock Exchange. The fund, which will back Mexico-based mid-sized and pre-IPO companies, listed under the ticker symbol GDISPI 18 and is… Read More
Mexico-focused private equity fund manager Alta Growth Capital (AGC) has acquired a 100 percent stake in EAS Systems, a Mexico-based provider of security tags, surveillance systems and other loss prevention products to retailers. AGC invested in the company through Mexico Fund II. EAS currently operates in Mexico, Central America and… Read More
Asia-focused private equity fund manager Unitas Capital has agreed to sell its majority stake in China-based condiments producer Jiahao Foodstuff to Huabao International Holdings for US$694 million. Huabao is a Hong Kong-listed manufacturer of fragrances and flavors, as well as tobacco and aroma-related products. A Unitas-led consortium, which included Pavilion… Read More
China-based used-car trading platform Uxin—which is backed by private equity and venture capital fund managers China Renaissance, China Vision Capital, ClearVue Partners, Coatue Management, DCM, Hillhouse Capital Management, KKR, Legend Capital, Tiger Global Management, TPG and Warburg Pincus—has raised US$225 million through its initial public offering on the Nasdaq Stock… Read More
Global private investment firm TPG and growth markets investor Actis have exited their combined 42 percent stake in India-based payment services provider AGS Transact Technologies via a management buyback. TPG and Actis sold 26 percent and 16 percent stakes, respectively, in the company, which provides banking automation, payment and cash… Read More
Criatec 2, the early-stage venture capital fund managed by Brazil-focused alternative asset managers Bozano Investimentos and Triaxis Capital, has sold its stake in Brazil-based e-commerce company Digital Commerce Group (DCG) to Brazil-listed software developer Linx. Linx will acquire the company for a total of BRL49 million (approximately US$13 million) in… Read More
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