SparkLabs Global Ventures, a global seed stage fund, has invested in Dating LATAM, a Peru-based online dating start-up that operates the website MiMediaManzana.com. Financial details of the transaction were not disclosed. Read More
Palestine-based online travel site Batuta has raised a US$2.5 million Series A round of funding from Palestine-focused private equity fund manager Siraj Fund Management Company. The transaction was structured through Siraj Palestine Fund I. The company will use the new funds to grow its core business and develop a new… Read More
Development finance institution International Finance Corporation (IFC) and MENA-focused investment banking and asset management firm Swicorp have invested US$18 million in Jordan-based vocational and technical education provider Luminus Education. Luminus will use the new funds to diversify its offerings and expand locally and regionally. Swicorp first invested in Luminus in… Read More
Technology-focused private equity firm Zodius Capital Advisors, in partnership with India-focused alternative asset manager Avendus Capital, has reached a first close for its second fund, Zodius Capital II, with INR7 billion (approximately US$110 million) in capital commitments. Zodius Capital II plans to back eight to ten enterprise software and consumer… Read More
Middle East-focused alternative asset manager Gulf Capital has signed a debt financing agreement to support Egypt-based petrochemicals holding company Carbon Holdings. Gulf Capital will provide an AED92 million (approximately US$25 million) convertible, five-year loan facility to finance the development and expansion of three of Carbon Holdings’ petrochemical projects: a mining… Read More
Global private equity firm Lone Star has increased its stake in Poland-based real estate developer Globe Trade Centre (GTC) from 32.5 to 55.2 percent via a tender offer, with the intention of eventually raising its holding to 66 percent. Lone Star, which offered PLN6.1 (approximately US$1.63) per GTC share until… Read More
GTIS Partners, a real estate private equity firm, and GP Investments, an alternative investments firm in Latin America, have concluded a US$400 million take-private of Brazil-listed hotel operator Brazil Hospitality Group (BHG). The deal gave GTIS Partners an approximately 70 percent stake in the newly-private company, with the remainder of… Read More
Global private equity firm Warburg Pincus has completed a follow-on investment in China-based apartment developer Mofang Gongyu, committing nearly US$200 million across two rounds of funding. Warburg Pincus originally invested US$60 million in Mofang in a Series B financing round in 2013. Mofang intends to open 100 buildings through a franchising… Read More
Brazil-focused alternative investment and asset management firm Vinci Partners has sold its remaining 10.5 percent stake in Brazil-listed energy holding company Equatorial Energia for BRL700 million (approximately US$231 million). Vinci had previously exited a ten percent stake in the company in February 2015. Read More
International investment companies Piton Capital and Vostok Nafta Investment have led a US$6.5 million Series C round for Naseeb Networks, a Pakistan-based operator of online employment marketplaces with a focus on emerging markets. The company will use the new funding to accelerate its growth in target markets. Read More
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