Global growth markets-focused private equity firm The Abraaj Group has made an investment in Palestine-based Arabic educational games and toys maker Anoud Games. The Palestine Investment Fund (PIF), an independent investment company, is co-investing in the deal alongside Abraaj’s Palestine Growth Capital Fund (PGCF), in which PIF is a… Read More
Asia-focused private equity firm Affinity Equity Partners has reportedly held a first close on its latest buyout fund, Affinity Asia Pacific Fund IV, with US$1.5 billion in commitments. The fund, which has a hard-cap of US$3.5 billion, will pursue control-oriented investments throughout Asia, with an emphasis on Australia, Greater… Read More
A consortium of investors led by international investment firm 3i Group has agreed to acquire Brazilian eyewear retailer Óticas Carol (OC) from Brazilian entrepreneur Marcos Amaro for BRL108 million (approximately US$54.8 million). The investment is intended to support OC’s plan to expand throughout Brazil. Institutional investors Siguler Guff &… Read More
China-based alternative asset fund manager CDH Investments has partially exited its investment in Chinese software company Qihoo 360 Technology. CDH reportedly sold 6.73 million ordinary shares in the New York Stock Exchange-listed company, which held an initial public offering in 2011. Financial details of the transaction were not disclosed. Read More
Amethis Finance, a Luxembourg-based, Africa-focused investment firm, has invested US$10.5 million in Kenya’s Chase Bank. The deal represents Amethis Finance’s first equity investment and follows the December 2012 US$140 million first close of its maiden fund. Chase Bank, which specializes in lending to Kenyan SMEs, plans to use the… Read More
Global venture capital firm Sequoia Capital has reportedly invested RMB150 million (approximately US$23.8 million) in New Classic Culture Co., a Chinese publishing company. New Classic Culture publishes books and operates the website Readlife.com. The company has reportedly earmarked RMB40 million (approximately US$6.4 million) of the invested capital for new… Read More
U.S.-based investment firm Summit Partners has invested US$26 million in Jumia, an online retailer based in Nigeria. Jumia sells a range of products in Nigeria, Egypt and Morocco, and the funding is intended to aid its expansion into additional African markets. Jumia was developed and launched by German incubator… Read More
U.S.-based investment firms Creation Investments and MicroVentures, and Belgian microfinance investor Incofin have invested INR532 million (approximately US$10 million) in Indian microfinance company Grameen Financial Services. Creation Investments provided INR375 million (approximately US$6.8 million) of the invested capital, which is intended to help Grameen increase its coverage and expand… Read More
Beamonte Investments, a U.S.-based investment and advisory firm, has acquired a minority stake in Integra Arrenda, a Mexican transportation equipment leasing and financing company. Integra Arrenda is the financial arm of Mexico’s Grupo Andrade, which leases and sells automobiles and other vehicles in Mexico. Financial details of the transaction… Read More
Central and Eastern Europe-focused private equity firm Abris Capital Partners has closed its second fund, Abris II, with EUR450 million (approximately US$586 million) in commitments. The fund, which was originally targeting EUR400 million (approximately US$521 million), received commitments from 21 institutional investors from Europe and abroad. Abris seeks to… Read More
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