Pan-African private equity firm AfricInvest has invested in Morocco-based customer relationship management and business process outsourcing provider Outsourcia Group. The transaction was structured through Maghreb Private Equity Fund III. AfricInvest aims to support Outsourcia in bringing its corporate development initiative, “Acquire and Migrate,” to other regions of Africa. Financial details… Read More
Veritas Finance, an India-based financial services provider for micro and small enterprises, has raised an INR300 million (approximately US$4.5 million) Series A funding round led by Sarva Capital, a fund managed by India-based venture capital firm Lok Capital. India-focused impact investment firm Caspian Impact Investment Adviser also participated in the… Read More
Alternative asset management firm Duet Group has agreed to invest approximately US$18.6 million in Kenya-based lender Fidelity Bank. Fidelity Bank intends to use the financing to improve its capital base and expand regionally. The bank is looking to double the size of its branch network from 14 locations predominantly in… Read More
Nigeria- and Ghana-focused private equity firm Synergy Capital Managers has invested in Nigeria-based broadband communications provider Suburban Fiber Company. The transaction was structured through Synergy Private Equity Fund I. With Synergy Capital’s backing, Suburban Fiber plans to attract new customers by investing in network expansion, marketing, bandwidth and content. Financial… Read More
Private equity and venture capital firm Vision Knight Capital has led a US$20 million Series B financing round for Singapore-based Ezbuy, an online shopping platform formerly known as 65daigou. Other investors in the round included existing backers IDG Ventures and China Growth Capital. Ezbuy will use the fresh funds to… Read More
Global private equity firm The Riverside Company has agreed to sell Hungary-based hematology analyzer systems manufacturer Diatron Group to Germany-based clinical diagnostics and biotechnology company STRATEC Biomedical. Riverside originally invested in Diatron in 2005. Diatron develops, manufactures and markets compact hematology analyzers for the human medical and veterinary markets. Financial… Read More
Private equity firms CMC Capital Partners and FountainVest Partners have sold 20 million shares in Hong Kong-listed cinema company IMAX China via a block trade on the Hong Kong Stock Exchange. The sale was part of an agreement in which CMC and FountainVest extended the lock-up period for their remaining… Read More
Pan-African private equity firm AfricInvest and microfinance firm Microcred Group have agreed to acquire a 100 percent stake in Zimbabwe-based financial products and services provider MicroKing Finance. AfricInvest, which will acquire a 30 percent stake in the company, will structure its investment through AfricInvest Financial Sector Fund. MicroKing provides financial… Read More
Lithuania-focused venture capital firm Practica Capital has invested EUR1.5 million (approximately US$1.7 million) in Lithuania-based agriculture machinery vendor East West Agro (EWA). The transaction was part of a larger funding round, which included Sweden-based lender Swedbank, totaling EUR6 million (approximately US$6.8 million). EWA will use the new funds to become… Read More
Cross-border private equity firm Cathay Capital Private Equity has completed an investment in China-based human resources recruitment platform Ifchange. The transaction was structured through Cathay Innovation Fund. Ifchange provides cloud-based tools for job seekers and human resources professionals. Financial details of the transaction were not disclosed. Read More
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