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BaltCap to Exit auto24 to Apax-Backed Baltic Classifieds Group
BaltCap, a private equity firm focused on the Baltic countries, has agreed to sell Estonia-based online advertising company auto24 to Baltic Classifieds Group, a Lithuania-based advertising company owned by global private equity advisor Apax Partners. auto24 operates automotive classifieds portal itsauto24.ee and generalist classifieds website kuldnebors.ee. BaltCap and auto24’s management acquired the company from Finland-based media conglomerate Sanoma Media Finland… Read More
Aboitiz Power to Acquire Mekong Wind from Armstrong Asset Management for USD46 Million
Clean energy-focused infrastructure fund manager Armstrong Asset Management has agreed to sell a 100 percent stake in Vietnam-based wind power company Mekong Wind to Aboitiz Power Corporation, a Philippines-listed energy provider, for USD46 million. Mekong Wind owns and operates the 39.4-megawatt Dam Nai Wind Power Project in southern Vietnam. The transaction is subject to closing conditions. Read More
Kobo360 Receives USD20 Million Series A Investment Round Led by Goldman Sachs
Nigeria-based freight logistics business Kobo360 has secured USD20 million in a Series A funding round led by global asset manager Goldman Sachs. Additional participants in the round include early-stage investors TLcom and Y Combinator, development finance institution IFC, Asia Africa Investment & Consulting, and local Nigerian banks. Kobo360, which helps truck drivers and companies connect with delivery services through a… Read More
Actis Long Life Infrastructure Fund Reaches USD1.2 Billion Final Close
Global growth markets investor Actis has reached a final close for Actis Long Life Infrastructure Fund with USD1.2 billion in commitments. Investors in the fund include institutional investors from North America, Europe, Latin America, the Middle East, and Asia. The fund, which will mobilize up to USD2 billion considering co-investment commitments, will originate and provide operational improvements to infrastructure assets… Read More
East Ventures Reaches USD75 Million Final Close
Southeast Asia-focused venture capital firm East Ventures has reached a final close for its sixth fund with USD75 million in capital commitments. Investors in the fund include high-net worth individuals Xing Wang, Eduardo Saverin, and Kaling Lim; family offices such as Sinarmas Group, Triputra Group, and Emtek Group; fund of funds Adams Street Partners; Singaporean sovereign wealth fund Temasek Holdings;… Read More
Silk Invest Partially Exits Sundry Foods to Norfund
Frontier markets-focused asset manager Silk Invest has partially exited Nigeria-based food services company Sundry Foods to Norwegian development finance institution Norfund. Sundry Foods, which operates quick service restaurants, bakeries, and catering units, plans to leverage its new partnership with Norfund and existing relationship with Silk Invest to expand its product offerings and increase its presence in Nigeria. Silk Invest first… Read More
FlixBus Agrees to Acquire Kamil Koç from Actera Group
Germany-based transportation provider FlixBus has agreed to acquire Turkey-based bus transport company Kamil Koç Otobüsleri from Actera Group, a Turkey-focused private equity fund manager. Actera acquired a 100 percent stake in Kamil Koç, which operates in 61 cities across Turkey, in July 2013 for a reported TRY65 million (approximately USD34 million). Financial details of the transaction, which is pending approvals,… Read More
Starboard Acquires 93 Percent Stake in 3R Petroleum
Brazil-focused alternative investment manager Starboard Restructuring Partners Group has acquired a 93 percent stake in Brazil-based oil company 3R Petroleum. The company—which focuses on the redevelopment of mature oil fields in Brazil, Venezuela, Peru, and Argentina—recently agreed to acquire the exploration and production rights to seven onshore and offshore oil fields in the Brazilian state of Rio Grande do Norte… Read More
MEVP and Impact46 Lead USD6.6 Million Series A for Nana Direct
Venture capital fund manager Middle East Venture Partners (MEVP) and Saudi Arabia technology-focused asset manager Impact46 have led a USD6.6 million Series A investment in Nana Direct, a Saudi Arabia-based online grocery delivery platform. Other participants in the funding round include MENA-focused venture capital fund manager Wamda Capital, financial services firm Watar Partners, and Saudi Venture Capital Investment Company. Nana… Read More
SEAF Serbia Impact Fund Invests in AVB Team
Global impact investing firm SEAF has invested in Serbia-based facility management service provider AVB Team. The company offers cleaning, technical maintenance, repair, disinfection, pest control, and gardening services to more than 200 clients in Serbia. AVB Team plans to use the funds to purchase new equipment, transportation vehicles, and software for facility management. Financial details of the transaction, which was… Read More
The Carlyle Group Acquires Majority Stake in IsoMetrix
Global alternative asset manager The Carlyle Group has acquired a majority stake in IsoMetrix, a South Africa-based environmental, health, and safety software provider. IsoMetrix plans to collaborate with another recent Carlyle acquisition, the South Africa-based occupational health and safety solutions provider NOSA, though the companies will continue to operate independently. Carlyle invested through its Carlyle Sub-Saharan Africa Fund. Financial details… Read More
RedDoorz Secures USD70 Million Series C Round Led by Asia Partners
Singapore-based hotel management and booking business RedDoorz has raised USD70 million in a Series C funding round led by Southeast Asia-focused private equity firm Asia Partners. Other participants in the round include Asia-focused venture capital firm Qiming Venture Partners, development finance institution IFC, the venture capital arm of Japan-based internet company Rakuten, and Mirae Asset-Naver Asia Growth Fund, an investment… Read More