Central & Eastern Europe-focused private equity firm Enterprise Investors has agreed to acquire 100 percent of the shares in Intersport, a sporting goods retailer in the Balkans, from Mercator Group, Intersport’s Slovenia-based parent company. Enterprise Investors will invest through Polish Enterprise Fund VII. The transaction will be valued at up… Read More
Mexico-focused venture capital firm DILA Capital has participated in an investment round for Mexico-based furniture and home decoration e-commerce company Alameda. Financial details of the transaction were not disclosed. Read More
Brazil-focused venture capital firm SP Ventures has invested BRL2 million (approximately US$600,000) in Brazil-based genotyping and molecular biology services company Biotecnologia Pesquisa e Inovação (BPI). SP Ventures invested through Sao Paulo Innovation Fund. BPI is using the capital injection to open new headquarters in Botucatu, Brazil. Read More
Mexico-focused venture capital and growth equity fund manager LIV Capital has agreed to invest MXN450 million (approximately US$23 million) in Mexico-based financial markets infrastructure and brokerage company Central de Corretajes (CENCOR). CENCOR will use the capital to operate the Bolsa Institucional de Valores (BIVA) project, a new stock exchange that… Read More
Africa-focused private equity firm Development Partners International (DPI) has agreed to subscribe to a US$100 million capital increase in Côte d’Ivoire-based financial services company Atlantic Business International (ABI). DPI invested through African Development Partners II. ABI has active banking and insurance operations in Côte d’Ivoire, Senegal, Burkina Faso, Benin, Togo,… Read More
CGN Private Equity Fund Management Company has reached a second close for CGN Capital Partners Infrastructure Fund III with CNY3.2 billion (approximately US$478 million) in commitments. Investors in the fund include Industrial and Commercial Bank of China, Agricultural Bank of China, Postal Savings Bank of China and People’s Insurance Company… Read More
Private equity firm India Value Fund Advisors (IVFA) has acquired a majority stake in India-based seed manufacturer SeedWorks International for US$40 million. The transaction was completed via a secondary share purchase from an undisclosed seller. IVFA plans to work with SeedWorks to improve its sales and marketing efforts. Read More
Global growth markets investor The Abraaj Group has sold its stake in Colombia-based supermarket operator Koba International Group to emerging markets private equity group Capital Group Private Markets. Abraaj originally invested in the company in 2010 through its fund ALAF I; Capital Group invested through CIPEF VI. Koba operates a… Read More
China-focused venture capital firm Sinovation Ventures has closed two funds with total capital commitments of approximately US$674 million. The two funds include one U.S. dollar-denominated fund, which raised US$300 million, and an RMB-denominated fund which raised the equivalent of approximately US$374 million. The U.S. dollar fund was anchored by Taiwan-based… Read More
Growth markets investor Actis has reportedly agreed to exit its 42.5 percent stake in South Africa-based shoe retailer Tekkie Town in a sale to South Africa-based holding company Steinhoff International. Actis originally acquired the stake in November 2014 for US$65 million. The investment is subject to approval by South Africa’s… Read More
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