Pan-African infrastructure fund manager Harith General Partners has acquired a 30 percent stake in Sheltam Mauritius, the parent company of Southern Africa-focused rail company Sheltam Group. Immediately prior to Harith’s investment, Sheltam restructured its shareholder debt obligations, making private investment group Principle Capital the company’s controlling shareholder. With Harith’s and… Read More
India-based farm mechanization services company EM3 AgriServices has raised a US$10 million Series B round from existing investor Aspada Investment Advisors, an investment firm focused on small and medium-sized enterprises in India, and London-based Global Innovation Fund. Aspada invested through Aspada Investment Company, a venture capital investment vehicle backed by… Read More
Asia-focused credit and special situations investor SSG Capital Management has reportedly raised approximately US$1.7 billion for its fourth special situations fund, SSG Capital Partners IV, and closed its second direct lending fund, SSG Secured Lending Opportunities II, at its hard cap with US$800 million in capital commitments. The former reportedly… Read More
Global alternative asset manager The Carlyle Group, China-based conglomerate CITIC and its alternative investment arm CITIC Capital Partners have completed their investment in fast food chain McDonald’s Corporation’s mainland China and Hong Kong businesses. The consortium had previously agreed to invest up to US$2.08 billion, with CITIC and CITIC Capital… Read More
Global alternative asset manager The Carlyle Group, China-based conglomerate CITIC and its alternative investment arm CITIC Capital Partners have completed their investment in fast food chain McDonald’s Corporation’s mainland China and Hong Kong businesses. The consortium had previously agreed to invest up to US$2.08 billion, with CITIC and CITIC Capital… Read More
India-focused venture capital firm SAIF Partners India has reached a final close for SAIF India Partners VI with US$350 million in capital commitments. The fund, which is the third raised by the firm since it spun out from SAIF Partners in 2011, will target seed, Series A and growth-stage opportunities… Read More
India-focused private equity and infrastructure fund manager IDFC Alternatives has reportedly agreed to acquire seven India-based solar power projects from U.S.-based global solar energy developer First Solar for INR19.5 billion (approximately US$304 million). IDFC will acquire the projects, which have a total capacity of 190 megawatts, through Vector Green Energy,… Read More
Global infrastructure investment manager I Squared Capital has agreed to acquire 100 percent of Hutchison Global Communications (HGC), the fixed-line services unit of Hong Kong-based Hutchison Telecommunications, for a total consideration of HKD14.5 billion (approximately US$1.86 billion). HGC, which operates more than 1.4 million kilometers of fiber optic networks and… Read More
Brazil-based renewable energy company Omega Geração has raised a total of BRL884 million (approximately US$281 million) in its initial public offering (IPO) on the Novo Mercado segment of B3 (formerly BM&FBOVESPA). The offering totaled 54 million shares, including a primary offering from Omega and a secondary offering of shares by… Read More
Africa-focused TMT investment management firm Convergence Partners has exited its stake in South Africa-based information technology (IT) services company Dimension Data Middle East & Africa (DiData). The company provides digital infrastructure, network, cybersecurity and other IT management services to businesses in the region. Convergence originally invested in DiData in 2004. Read More
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