Latin America-focused private equity firm Linzor Capital Partners has acquired a majority stake in Onest Colombia, a Colombia-based specialty credit company focused on payroll loans to public sector employees and financing of public vehicles. The transaction included a primary investment of US$40 million and a secondary component of an undisclosed… Read More
Emerging markets-focused energy fund manager Berkeley Energy has reached a final close for its African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on Sub-Saharan Africa, with US$200 million in capital commitments. The African Development Bank (AfDB) and its Sustainable Energy Fund for Africa (SEFA) are AREF’s lead… Read More
Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, has sold its stake in C-Re Holding, a vehicle that owns a 53.6 percent stake in Nigeria-based reinsurance company Continental Reinsurance, to Saham Finances, the insurance arm of Morocco-based conglomerate Saham Group. ECP originally… Read More
Asia-focused private equity firm ADV Partners has reached a final close for its pan-Asia-focused fund, ADV Opportunities Fund I, with US$545 million in capital commitments. The fund primarily focuses on China and India, with Southeast Asia, developed Asia and Australia as opportunistic markets, and invests in mid-market companies across a… Read More
Pan-African private equity firm AfricInvest has led the sale of a 59.34 percent stake in Alios Finance–a France-based holding company with majority stakes in non-banking finance companies in Côte d’Ivoire, Senegal, Mali, Burkina Faso, Cameroon, Gabon, Zambia, Tanzania and Kenya–to TLG Finance, a holding company controlled by Tunisia-based finance leasing… Read More
Global alternative investment firm Bain Capital has agreed to invest INR13 billion (approximately US$198 million) for a 10.3 percent stake in India-based non-bank financial company L&T Finance Holdings. Bain will subscribe to equity shares and warrants totaling a 5.3 percent stake in the company for approximately INR7 billion (approximately US$107… Read More
Venture capital firm Accel Partners has led a US$37.5 million Series B round of funding for India-based home healthcare company Portea Medical. Development finance institution International Finance Corporation (IFC), Qualcomm’s investment arm Qualcomm Ventures and India-focused venture capital firm Ventureast also participated in the round. IFC invested US$7 million in… Read More
Mexico-focused private equity fund manager Nexxus Capital has fully exited its stake in Mexico-based diagnostic healthcare company Diagnósticos de México, Diamex (Olab) to an undisclosed strategic buyer in the diagnostics sector. Olab offers diagnostic imaging and clinical analysis through a network of 40 branches. Financial details of the transaction, which… Read More
Nigeria- and Ghana-focused private equity firm Synergy Capital has reached a final close on its fund, Synergy Private Equity Fund I (SPEF), with US$100 million in capital commitments. SPEF has a total of 12 investors, including four development finance institutions, seven commercial investors and one sovereign wealth fund. To date,… Read More
Global alternative asset manager The Carlyle Group, pan-emerging markets private equity firm Actis, global venture capital firm Sequoia Capital and the Government of Singapore’s sovereign wealth fund GIC have agreed to exit China-based Keystone Lodging Holdings, parent of hotel company 7 Days Group, in the company’s acquisition by China-based hotel… Read More
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