West Africa-focused impact-oriented fund manager Injaro Investments, through its impact investment fund Injaro Agricultural Capital Holdings (IACHL), has signed an agreement to invest in Ghana-based animal feed producer Agricare. The investment will be structured through IACHL’s Ghanaian subsidiary Injaro Agricultural Venture Capital. Agricare will use the new investment to increase… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has invested in Ukraine-based e-commerce company Rozetka. The company will use the fresh funds to accelerate its growth by improving its products and services. Financial details of the transaction, which… Read More
Investcorp, a global alternative investment manager, has acquired a majority stake in Saudi Arabia-based NDT Corrosion Control Services (NDT CCS), a testing services company for the industrials sector. The firm acquired NDT CCS from Saudi Arabia-based industrials conglomerate Al Shuwayer Group, which founded the company and retains a minority stake. Read More
China-focused venture capital firm Shunwei Capital Partners has closed its third USD-denominated venture capital fund, Shunwei China Internet Fund III, with US$1 billion in capital commitments. The fund originally had a target of US$500 million and was oversubscribed. The vehicle will invest in start-ups focusing on mobile internet, intelligent hardware… Read More
Expara Ventures—a venture capital firm focused on interactive and digital media start-ups in Singapore, Malaysia and Thailand—has reached a first close for its second vehicle, Regional Early Stage Fund, with SGD5 million (approximately US$3.7 million) in capital commitments. The fund, which has a target of SGD30 million (approximately US$22 million),… Read More
Global private equity firm Advent International has agreed to acquire a 30 percent stake in LifeMiles, a Latin America-focused operator of an airline loyalty program, for US$343.7 million. Advent will purchase the stake from Avianca Holdings, a company that integrates several Latin American airlines under the Avianca brand. Post-transaction, Avianca… Read More
Shoreline Capital Management, a fund manager focused on distressed debt and special situation investments in China, has reached a US$195 million final close for an overflow fund associated with Shoreline China Value III. While Shoreline China Value III—which held a US$500 million final close in June 2015—focuses on non-performing loans… Read More
Pan-European private equity firm IK Investment Partners has agreed to sell the non-carbonated beverages division of Poland-based food products business Agros Nova to Polmlek Group, a Poland-based dairy company. The sale follows IK Investment’s announced divestment of Agros Nova's fruit and vegetable preserves and ready-made food operations to Poland-based juice… Read More
Credit-focused private equity firms Shoreline Capital Management and Oaktree Capital Group have reportedly teamed up to purchase a portfolio of non-performing loans in China for a total of US$168 million. Shoreline contributed 51 percent of the deal value, with Oaktree contributing the remaining 49 percent. The portfolio consists of loans issued to… Read More
Central Europe-focused private equity firm Value4Capital (V4C) has agreed to sell its stake in Poland-based Home.pl to United Internet’s subsidiary 1 & 1 Internet for a reported EUR135 million (approximately US$149 million). This translates into a reported 3.4x cash return and an IRR of over 40 percent for V4C on… Read More
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