East Africa-focused private equity firm Ascent Capital Africa has reached a final close for Ascent Rift Valley Fund with more than KES8 billion (approximately US$76 million) in capital commitments, exceeding the initial target of KES6 billion (approximately US$57 million). The fund invests in Kenya, Uganda and Ethiopia. Local pension funds… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and development finance institutions DEG, Swedfund and FMO have provided a US$75 million syndicated subordinated term loan to commercial bank Ecobank Nigeria. Amethis invested US$15 million, while DEG and Swedfund invested US$20 million and US$10… Read More
Asia-focused asset management firm SSG Capital Management has reached a final close for its fourth fund, SSG Capital Partners IV, with US$325 million in commitments. The fund focuses on higher grade secured private lending to corporations in Asia, rather than the distressed debt strategy of SSG’s previous funds. Read More
Global growth markets investor The Abraaj Group has closed on the issuance of MXN3.2 billion (approximately US$191 million) of Mexican publically traded certificates, or CKD (Certificado de Capital de Desarrollo). The Mexico-focused CKD will invest in mid-sized businesses in the retail, consumer goods, healthcare, education, logistics and financial services sectors. Read More
South Korea-focused Anchor Equity Partners has reached a final close for its second fund with US$850 million in capital commitments. The fund, which focuses on buyout, growth capital and industry consolidation opportunities, surpassed its target of US$750 million. … Read More
India-focused private equity firm Gaja Capital has invested INR650 million (approximately US$9.9 million) in India-based Junior Sports and Services, operator of sports and fitness education company SportzVillage. The transaction was structured through Gaja Capital III. The company plans to use the new capital to expand its operations within India. Read More
Asia-focused private equity firm RRJ Capital has reached a final close for its third fund, RRJ Capital Master Fund III, with US$4.5 billion in capital commitments. The fund invests globally, with an emphasis on China and Southeast Asia. A series of pension funds committed to the fund, including: US$150 million… Read More
Africa-focused private investment firm Helios Investment Partners has provided a debt facility to Nigeria-based marine logistics company Starzs Investments Company. Starzs has made an initial drawdown of the debt facility to acquire MV Varada Queen, a terminal tugboat that Starzs has been operating on a lease-purchase agreement since 2013. Financial… Read More
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
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