Sub-Saharan Africa-focused alternative asset management firm Capitalworks has acquired a majority stake in South Africa-based boat manufacturer Robertson and Caine for US$25 million. The investment was made alongside Robertson and Caine co-founder John Robertson. The transaction was structured through Capitalworks Private Equity Fund II. … Read More
Chile-focused fund manager Ecus Private Equity has sold its stake in Chile-based laundry company Albia to Elis, a multi-services group based in Europe and Brazil that specializes in the rental and maintenance of professional clothing and textile articles. Albia operates eight laundry facilities in Chile and has commercial clients in… Read More
India-based dairy company Parag Milk Foods has raised INR600 million (approximately US$9 million) in a pre-initial public offering (IPO) financing round from existing investor IDFC Alternatives, an India-focused private equity firm. IDFC subscribed to 60 million convertible debentures at INR10 (approximately US$0.14) apiece. The transaction, which was structured through IDFC’s… Read More
Global growth markets investor The Abraaj Group has invested a reported US$100 million in Egypt-based education service provider Tiba Group. The transaction was structured through Abraaj North Africa Fund II. The company will use the funds to enhance its curricula, upgrade its facilities, increase enrollment and expand its partnerships. … Read More
India-based agri-logistics service provider Sohan Lal Commodity Management (SLCM) has raised an INR1 billion (approximately US$15 million) funding round led by alternative investment management firm Creation Investments Capital Management and India-focused private equity firm Everstone Capital, which is an existing investor in the company. SLCM plans to use the new… Read More
Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) has led minority stake investments in two companies: Enval Laboratoire, a Côte d'Ivoire-based physic-chemical and microbiological analysis company, and PEG Africa, a Ghana-based asset finance company selling solar energy products to off-grid customers. Financial details of the Enval transaction, in which… Read More
Global private equity and venture capital fund manager Northgate Capital has completed a MXN4 billion (approximately US$234 million) quasi-equity/mezzanine CKD (Certificado de Capital de Desarrollo) offer through the Mexican Stock Exchange. The CKD fund will make debt structured transactions with medium-sized Mexican companies that require financing for capital expenditure, strategic… Read More
Thailand-based online fashion company WearYouWant has raised a Series B round of funding led by Japan-based e-commerce company Start Today. Existing investors Digital Media Partners, an emerging markets-focused venture capital firm, and OPT SEA, the venture arm of Japan-based online marketing company OPT, also participated in the round. Financial details… Read More
Global fund of funds manager AlpInvest Partners, private equity and investment advisory firm CVC Capital Partners and the Government of Singapore’s sovereign wealth fund GIC have sold a 7.6 percent stake in Hong Kong-based broadband Internet provider HKBN in a share sale on the Hong Kong Stock Exchange. The sale… Read More
India-based telecom and power transmission equipment manufacturer and services provider Sterlite Technologies has agreed to acquire India-based operations and business support services company Elitecore Technologies from global alternative asset manager The Carlyle Group in an all-cash deal valuing the company at INR1.8 billion (approximately US$27 million). Carlyle originally acquired a… Read More
(default archive template)