Turkey-focused private equity firm Actera Group has agreed to sell its stake in Turkey-based cinema operator Mars Cinema Group to Korea-based global cinema operator CJ CGV. The exit is part of CJ CGV’s acquisition of the company at an enterprise value of US$800 million. Other sellers in the transaction include… Read More
Global investment firm Blackstone will acquire a majority stake in India-based information technology (IT) outsourcing services provider Mphasis. As part of the deal, United States-based IT company Hewlett Packard Enterprises (HPE), will sell at least 84 percent of its total 60.5 percent holding in Mphasis to Blackstone. Blackstone has also… Read More
North Africa-focused private equity firm Mediterrania Capital Partners has acquired a 43 percent stake in Algeria-based long-term car rental company Cieptal Cars. The transaction was structured through Mediterrania Capital II. The company, which owns a fleet of 761 cars, focuses on corporate clients, primarily from the oil and gas sector. Read More
Singapore-based mobile internet and gaming platform Garena Interactive Holding has raised a US$170 million Series D financing round from Khazanah Nasional—an investment fund controlled by the Malaysian government—and China-based internet company Tencent Holdings. The investment reportedly valued the company at more than US$3.75 billion. Garena plans to use the fresh… Read More
Africa-focused private investment firm Helios Investment Partners has acquired 100 percent of emerging markets-focused financial services companies Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) following the receipt of regulatory approvals. The transactions were structured through Helios Investors III. CAB and CAIM provide payments, trade finance, foreign exchange… Read More
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa region, has invested in Saudi Arabia-based seafood restaurant chain Amo Hamza. The transaction was structured through NBK Capital Equity Partners Fund II. Financial details of the transaction were not disclosed. Read More
Global alternative asset manager The Carlyle Group has acquired a stake in Brazil-listed specialized support and call center services company Tempo Participações from Latin America-focused alternative investment firm GP Investments as part of Carlyle’s delisting of the company. GP Investments originally invested in the company in January 2007 in a… Read More
Branch International, a financial technology company focused on Sub-Saharan Africa, has raised US$9.2 million in a Series A funding round led by venture capital firm Andreesen Horowitz. Impact investor Khosla Impact Fund and venture capital firm Formation 8, both existing investors in the company, also participated in the round. Branch… Read More
CEE and CIS-focused mid-market private equity firm Abris Capital Partners has acquired a majority stake in Poland-based railway services company Industrial Division. In partnership with Abris, Industrial Division plans to increase the size of its operations in markets where it is currently active and enter the passenger services segment. Financial… Read More
China-based fresh food e-commerce platform Yiguo has raised a Series C financing round from global investment firm KKR and China-based e-commerce company Alibaba Group, an existing investor in Yiguo. KKR’s portion of the investment was structured through KKR China Growth Fund. Yiguo, which sells seafood and fruit online, plans to… Read More
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