21 Concordia, the Poland-focused arm of private equity firm 21 Partners, has held a second and final close for its debut fund with EUR100 million (approximately US$113 million) in capital commitments. The fund focuses on investments in small and medium-sized companies with annual revenues between EUR10 million to EUR50 million… Read More
TPG/Satya–the Africa-focused partnership between TPG’s middle market and growth equity platform TPG Growth and Africa-focused, independent investment firm Satya Capital –has agreed to invest a reported MAD250 million (approximately US$26 million) for a minority stake in Morocco-based private school network Ecoles Yassamine. The company intends to use the new capital… Read More
Global private equity firm Warburg Pincus, Legend Holdings' independent venture capital unit Legend Capital and China-based auto car rental company CAR are participating in a US$550 million Series B funding round for UCAR Group, a China-based mobile taxi booking service provider. Warburg Pincus, Legend Capital and CAR are existing shareholders… Read More
Global private equity investor Advent International has agreed to acquire a 13 percent stake in Fleury, a Brazil-based diagnostic services provider, from a group of physicians. The transaction is subject to closing conditions and is expected to be completed in the fourth quarter of 2015. Financial details of the transaction… Read More
Global investment firm Blackstone has agreed to acquire a majority stake in the India-based business process outsourcing (BPO) unit of global public services provider Serco for GBP250 million (approximately US$385 million). Post-acquisition, the unit will be rebranded as “Intelenet Global Services.” The sale is expected to be completed in the… Read More
India- and Southeast Asia-focused private equity and real estate investment firm The Everstone Group has closed its third India-focused private equity fund, Everstone Capital Partners III, with US$730 million in capital commitments. Limited partners in the fund, which included public pensions, insurance companies, endowments and asset managers, committed US$700 million… Read More
Pan-emerging markets private equity firm Actis has sold its stake in Globeleq Africa, a manager of electricity-generating assets across Cameroon, Tanzania, Côte d’Ivoire, Kenya and South Africa, to a company owned by development finance institutions CDC Group and Norfund. Through the transaction, Norfund acquired a 30 percent stake in Globeleq… Read More
ThomasLloyd Group, a global investment and advisory firm focused on the renewable energy sector in Asia, has sold Philippines-based solar power generation company Negros Island Solar Power to Philippine Investment Alliance for Infrastructure (PINAI), a fund managed by Macquarie Infrastructure Management (Asia), a member of Macquarie Infrastructure and Real Assets. Read More
STC Ventures, a Saudi Arabia-focused venture capital fund anchored by the Saudi Telecom Company, has led a US$3 million Series A financing round for United Arab Emirates-based Compareit4me, a price comparison site for financial products. Additional investors in the round included MENA-focused venture capital firm Wamda Capital and Government of… Read More
Creador, a private equity firm focused on Indonesia, Malaysia, Singapore and India, has reached a first close for Creador III, the firm’s third fund, with US$250 million in capital commitments. About 80 percent of the capital committed in the first close came from Creador’s existing LPs. The fund, which has… Read More
(default archive template)