MENA-focused private equity firm Emerging Investment Partners (EIP) has participated in the US$17 million acquisition of United Arab Emirates-based Diamond Meat Processing, a food producer that operates under the Almasa brand, from Dubai-based investment company Al Ghuarair Group. Other investors included Jordan-based meat producer Siniora Food Industries and several undisclosed… Read More
Indonesia-based budget hotel aggregator Nida Rooms has raised US$4.2 million in a pre-Series A financing round from Indonesia-focused early-stage technology venture capital firm Convergence Ventures and internet services-focused investor CyberAgent Ventures. The company plans to use the new funds to expand its business in Indonesia and Southeast Asia. Read More
European financial brokerage X-Trade Brokers (XTB) has completed an initial public offering (IPO) on the Warsaw Stock Exchange. Company founders reduced their stake from 80.8 percent to 66.8 percent in the offering, generating gross proceeds of EUR43 million (approximately US$49 million). Enterprise Investors, a Central and Eastern Europe-focused private equity… Read More
India-focused private equity fund manager ICICI Venture has acquired a minority stake in Anthea Aromatics, an India-based manufacturer of chemical inputs for the food flavoring and fragrance industry, for INR1.2 billion (approximately US$18 million). The transaction was structured through India Advantage Fund Series 4. Anthea was founded in 1991 and… Read More
Pan-African private equity firm 8 Miles has acquired a minority stake in Verde Beef Processing, an Ethiopia-based beef producer. With the new investment, the company plans to expand its base of 6,000 animals and build its own slaughterhouse and meat processing facility. Financial details of the transaction were not disclosed. Read More
Global private equity firm Advent International has agreed to acquire Mexico-based agrochemical manufacturer VIAKEM. Founded in 1938, VIAKEM manufactures crop protection chemicals for global agrochemical companies. Financial details of the transaction, which is expected to close in the third quarter of 2016, were not disclosed. Read More
Pan-African mezzanine fund manager Vantage Capital has provided a debenture facility of NAD80 million (approximately US$5.5 million) to Namibia-based hospitality and property company United Africa Group (UAG). The transaction was structured through Vantage Capital Fund III. UAG will use the funding to support its equity contribution to the construction of… Read More
East Africa-focused private equity firm Catalyst Principal Partners has invested in Kenya-based manufacturing company Orbit Chemical Industries. The investment was structured through Catalyst Fund I. Orbit Chemical—which manufactures a diversified line of household and personal care products, industrial chemicals and agro-chemicals—will use the new capital to increase the capacity of… Read More
India-focused investment management firm IDFC Asset Management and India-based consumer electronics company Micromax Informatics have led a US$15 million Series C funding round for India-based digital payments company TranServ. Existing investors in the company, early-stage investor Nirvana Ventures and private equity firm Faering Capital, also participated in the round. IDFC’s… Read More
India-focused private equity fund manager ICICI Venture has reached a first close for its India Advantage Fund Series 4 with US$190 million in capital commitments. Investors in the fund included an Asian sovereign wealth fund and ICICI’s existing investors. The fund will be sector agnostic and will invest US$25 million… Read More
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