Impact fund manager Equator Capital Partners and private equity firm Progression Capital Africa have invested KES1.2 billion (approximately US$12 million) in Kenya-based financial institution Jamii Bora Bank. The transaction was structured through Equator Capital Partners’ ShoreCap II and Progression Capital Africa’s Progression Eastern African Microfinance Equity Fund. Jamii Bora Bank… Read More
Private equity firms Mediterrania Capital Partners and the EuroMena Funds have acquired minority stakes in three retail companies: Tunisia-based BS Invest, Morocco-based CAP Retail and Algeria-based Investex Algérie. The transactions were structured through Mediterrania Capital Partners' MC II and the EuroMena funds' EuroMena III. The retail companies collectively distribute 11… Read More
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar has invested LKR300 million (approximately US$2 million) in Sri Lanka-based food manufacturer MA’s Foods. The transaction was structured through Aavishkaar Frontier Fund. MA’s Foods, which markets a portfolio of organic, fair-trade and conventional gourmet meal solutions, plans to use the new… Read More
Venture capital firm Monk’s Hill Ventures has reached a final close for its first Southeast Asia-focused fund with more than US$80 million in capital commitments. Investors in the fund included Cisco’s corporate investment arm Cisco Investments, Singaporean sovereign wealth fund Temasek Holdings and Telstra’s corporate investment arm Telstra Ventures. The… Read More
Venture capital firm IDG Ventures India and angel investment group Indian Angel Network (IAN) will invest a reported INR80 million (approximately US$1.2 million) in India-based Little Black Book, a curated online city and lifestyle guide. IDG and IAN will each contribute half of the total amount. Little Black Book will… Read More
Early-stage technology investor Silicon Badia has led a US$2.3 million financing round for Jordan-based marketplace lender Liwwa with participation from venture capital firm DASH Ventures. Silicon Badia structured its contribution through its Badia Impact Fund. Liwwa will use the new funds to grow its underwriting capacity in Jordan and the… Read More
Cross-border private equity firm Cathay Capital Private Equity has completed an investment in China-based home furnishing product retailer ABS. The transaction was structured through Sino-French SME Fund. Cathay Capital plans to leverage its home furnishing industry resources in China and France to assist ABS’s cross-border development. Financial details of the… Read More
Kibo Capital Partners, a fund manager focused on Eastern and Southern Africa and the islands of the Indian Ocean, and Velogic, a Mauritius-based logistics company, have invested in Kenya-based logistics service provider General Cargo Group. The transaction was structured through Kibo Fund II. Financial details of the transaction were not… Read More
Asia-focused asset management firm SSG Capital Management has agreed to acquire a 40 percent stake in India-based supply chain and logistics company Future Supply Chain Solutions for up to INR5.8 billion (approximately US$87 million) from parent company Future Retail and Li & Fung Group’s private equity arm Fung Capital. Fung… Read More
Global private investment firm H.I.G. Capital has reached a final close for H.I.G. Brazil & Latin America Partners with US$740 million in capital commitments, exceeding its US$600 million target. The fund will focus on buyout and growth investments in lower middle-market companies in Latin America, especially Brazil. Read More
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