Global growth markets investor The Abraaj Group has agreed to sell an 80 percent stake in commercial aircraft maintenance, repair and overhaul facility manager Jordan Aircraft Maintenance to United Arab Emirates-based aerospace company Dubai Aerospace Enterprise. Financial details of the transaction were not disclosed. Read More
Private equity firms AfricInvest and Siparex have invested EUR1.7 million (approximately US$1.9 million) in Tunisia-based aluminum products manufacturer Menuiserie Aluminium du Sud (MAS). The investment was completed in June 2016 and structured through Fonds de Co-Localisation Franco-Tunisian, which is co-managed by AfricInvest and Siparex. MAS will use the new capital… Read More
Africa-focused private investment firm Helios Investment Partners has agreed to acquire 49 percent of the voting rights in Oando Gas and Power (OGP), the midstream business subsidiary of Nigeria-based integrated oil and gas company Oando, for US$115.8 million. Upon completion of the deal, Oando will retain 49 percent of the… Read More
China-focused venture capital fund manager Linear Venture has reached a final close for its second fund with approximately US$70 million in capital commitments. The fund comprises both RMB- and U.S. dollar-denominated tranches. Investors in the fund include an Asia-focused hedge fund, as well as founders and executives of internet companies… Read More
Algeria-based pharmaceutical manufacturing and distribution company Biopharm, which is backed by private equity firms Development Partners International (DPI), EuroMena and Mediterrania Capital Partners (MCP), has completed a listing on the Algiers Stock Exchange. The shares listed represent 20 percent of the company’s equity and are valued at DZD6.3 billion (approximately… Read More
Mexico-focused growth equity and venture capital investor LIV Capital and global private equity fund manager Northgate Capital, along with digital consumer-focused investment company Kinnevik, have invested US$55 million in Mexico-based e-commerce platform Linio. The company, which operates in Mexico, Colombia, Peru, Venezuela, Chile and Argentina, plans to use the new… Read More
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has reached a final close for Genesis Private Equity Fund III with CZK2.2 billion (approximately US$91 million) in capital commitments. Investors in the fund include Czech Republic-based bank Česká Spořitelna, the European Investment Fund, asset manager IKS KB, eQ Private Equity… Read More
ViSenze, a Singapore-based artificial intelligence company for e-commerce and digital businesses, has completed a US$10.5 million Series B funding round led by Rakuten Ventures, the venture capital arm of internet company Rakuten, and venture capital firms WI Harper Group and Enspire Capital. Other investors in the round included Singapore Press… Read More
Growth equity and venture capital fund manager Oasis Capital Ghana has reached a first close for its second fund, Oasis Africa VC Fund (OAF), with US$27 million in capital commitments. Development finance institutions Dutch Good Growth Fund and International Finance Corporation have invested US$5 million and US$7 million, respectively, with… Read More
Venture capital firms Sequoia Capital and Ascent Capital have sold their stakes in India-based payments technology company Citrus Pay as part of the company’s 100 percent acquisition by PayU, a global online payment service provider owned by South Africa-based internet company Naspers, for US$130 million. Sequoia reportedly sold a 32… Read More
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