Conduit Capital Partners, a private equity investment firm focused on energy infrastructure in Latin America and the Caribbean, has announced its agreement to sell its remaining interest in the Peruvian pipeline project Gasoducto Andina del Sur (Kuntur) to Odebrecht, a Brazilian construction conglomerate. The project consists of an integrated… Read More
Pan-emerging markets-focused private equity manager Aureos Capital has completed a US$5 million investment in Therapia Health, the holding company for The Bridge Clinic, the first assisted reproductive center in West Africa. The investment was made through Aureos’s Africa Health Fund (AHF), whose cornerstone investors include the Bill and Melinda… Read More
India-focused private equity firms Zephyr Peacock Management India and VenturEast, through its VenturEast Proactive Fund, have jointly invested in e2E Rail, an Indian rail services company, for approximately US$6 million. Both funds reportedly plan to invest an incremental US$6 million in the company over the next several years. The… Read More
East Africa-focused private equity fund manager InReturn Capital has collaborated with the Belgian Investment Company for Developing Countries (BIO) to invest in Reltex Tarpaulins Africa (EPZ) Ltd., a Kenya-based supplier of relief materials, including plastic sheeting, tarpaulins and buckets. The value of the investment has been reported at US$2.6… Read More
India-based cloud services company Enterprise Nube Services has raised INR150 million (approximately US$2.8 million) from global venture capital firm Accel Partners. As part of the transaction, Mahendran Balachandran, a Partner at Accel, will join the board of Enterprise Nube. Accel Partners’ recent investments in the country include e-commerce startup… Read More
The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, in partnership with the European Investment Bank (EIB), the Dutch development bank (FMO) and The Nature Conservancy, has launched the next stage of a venture capital fund focused on community-based sustainable businesses in Latin America. The… Read More
Qatari conglomerate Mannai Corporation and Egyptian investment bank EFG Hermes have agreed to purchase Damas International, a Middle Eastern jewelry and watch retailer, with a bid of 45 cents per share. Under the terms of the transaction, Mannai will hold a controlling stake of 66 percent in Damas for… Read More
Brilla Group, a U.S.-based private equity firm focused on luxury beachfront hotel and resort assets in South Florida, the Caribbean, Mexico, Central America and Colombia, has achieved a first closing on its Colombian Beachfront Hospitality Private Equity Fund. The fund has raised US$30 million in commitments to date from… Read More
PVG Venture Capital Partners, an affiliate of Taiwanese venture capital management firm Pacific Venture Group, has acquired a 3.3 percent stake in China Mobile Games and Entertainment (CMGE), a mobile games developer and subsidiary of Hong Kong-listed internet video broadcasting company VODone Limited. Financial terms of the transaction were… Read More
New York Life Investment Management India Fund, advised by Jacob Ballas Capital India Private Limited, has sold an approximate 2.77 percent stake of its holding in Commercial Engineers & Body Builders Co. (CEBBCO), an Indian producer of vehicle and locomotive bodies, for an estimated US$1.8 million. Jacob Ballas Capital… Read More
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