African investment management firm Convergence Partners has reached a final close for Convergence Partners Communication Infrastructure Fund (CPCIF) with more than US$200 million in capital commitments. The fund targets ICT infrastructure investments in Africa. Investors in CPCIF included: the Public Investment Corporation, the asset management company of South Africa’s Government… Read More
China-based peer-to-peer lending website Firstp2p has completed a US$41 million Series B funding round from private equity firm CITIC Capital, venture capital firm ChinaEquity and principal investment firm San Shan Capital Partners. Firstp2p will use the new funds to scale its online lending business and add new business lines in… Read More
Global private equity fund manager Northgate Capital has acquired a 49 percent stake in Grupo Diniz, a Mexico-based operator of entertainment centers under the Recórcholis! brand. The fresh capital will support the company’s plan to expand its number of entertainment centers in Mexico over the next five years. Financial details… Read More
North Africa-focused private equity firm Mediterrania Capital Partners has reached a final close for its second fund, Mediterrania Capital II, with EUR120 million (approximately US$132 million) in capital commitments. The fund seeks growth opportunities in the Maghreb region, with potential expansion into Sub-Saharan Africa. Read More
Africa-focused private investment firm Helios Investment Partners has agreed to acquire a 100 percent stake in Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) from international development company Crown Agents. CAB and CAIM are financial services providers focused on the needs of governments, development organizations, financial institutions and… Read More
Global alternative asset manager The Carlyle Group has agreed to sell its minority stake in Tanzania-based agriculture processing and logistics company Export Trading Group to the company’s management. Financial details of the transaction, which will be structured through Carlyle Sub-Saharan Africa Fund, were not disclosed. Read More
Private equity and investment advisory firm CVC Capital Partners has agreed to acquire PKP Energetyka (PKPE), the energy unit of the Polish National Railways, in a transaction that values the company at PLN2 billion (approximately US$520 million). PKPE is an electricity distributor to the Polish railway network and to other… Read More
Russia and CIS-focused private equity firm Baring Vostok Capital Partners has led a US$40 million Series B investment in Russia-based online used car broker and auctioneer CarPrice. Venture capital firm Almaz Capital and other undisclosed investors also participated in the round. Baring Vostok’s investment was structured through Baring Vostok Private… Read More
Singapore-based Giosis, the parent company of e-commerce company Qoo10, has raised US$82.1 million in a Series A round led by media-focused holding company Singapore Press Holdings. Other participants in the round included venture capital firms UVM 2 Venture Investments and Oak Investment Partners, e-commerce company eBay, media-focused investment company Saban… Read More
India-based Living Consumer Products, operator of mobile dating app iCrushiFlush, has raised a pre-Series A round of funding from venture capital firm IDG Ventures India. The app matches its users based on their location and includes an in-app gifting service. Financial details of the transaction were not disclosed. Read More
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