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GP Investments-Backed Centauro Raises USD186 Million in Initial Public Offering
Brazil-based Grupo SBF, which operates sporting goods retail chain Centauro, has completed its initial public offering on the Novo Mercado segment of the Brazilian B3 stock exchange. The offering, inclusive of the greenshoe option, consisted of 62 million primary shares sold for BRL12.50 (approximately USD3.22) per share, generating gross proceeds of BRL722 million (USD186 million). SBF is backed by Brazil-focused… Read More
Vantage Capital Exits Thebe Timrite
Africa-focused private credit fund manager Vantage Capital has exited its investment in South Africa-based mining services company Thebe Timrite. The company primarily provides timber-based support structures used in deep-level mining operations in South Africa. Vantage originally provided ZAR89 million (approximately USD8.7 million) in mezzanine financing to Thebe Timrite in 2013 through Vantage Mezzanine II. Financial details of the transaction were… Read More
Wamda Capital Leads USD7.5 Million Series A Funding Round for eyewa
MENA-focused venture capital fund manager Wamda Capital has led a Series A financing round totaling USD7.5 million for UAE-based eyewear e-commerce retailer eyewa. Other participants in the round include GS Shop, Equitrust, 500 Startups, and Faith Capital. eyewa, which sells contact lenses, sunglasses, and prescription glasses in the UAE and Saudi Arabia, plans to use the funds to grow its… Read More
Kaizen Private Equity and ADB to Invest USD31 Million in Phinma Education
Education-focused private equity fund manager Kaizen Private Equity and the Asian Development Bank (ADB) have agreed to invest PHP1.6 billion (approximately USD31 million) for a 20 percent stake in Philippines-based education company Phinma Education Holdings. Kaizen will invest through Kaizen Private Equity II. Phinma Education is a subsidiary of Philippines-listed conglomerate Phinma Corporation and operates various higher education institutions in… Read More
Jumia Raises USD196 Million in Initial Public Offering
Africa-focused e-commerce retailer Jumia has raised USD196 million in its initial public offering on the New York Stock Exchange. Jumia sold 13.5 million American Depositary Shares (ADS) for USD14.50 per ADS, valuing the company at USD1.1 billion. The company is backed by German venture investor Rocket Internet, as well as insurance company AXA, investment bank Goldman Sachs, and corporate investors… Read More
IG4 Capital Reaches USD200 Million First Close for Second Fund
Brazil-focused special situations fund manager IG4 Capital Partners has reached a first close for IG4 Special Situations II with USD200 million in capital commitments. The fund, which is targeting USD400 million in total commitments, will seek restructuring and turnaround opportunities in Latin America and has already backed Opy Health, a platform for acquiring health care infrastructure and hospital logistics assets… Read More
Dignari Capital Partners Closes DCP China Credit Fund II at USD626 Million
China-focused private credit fund manager Dignari Capital Partners has reached a final close for DCP China Credit Fund II with USD626 million in capital commitments. The fund will provide debt financing to China-based companies in complex and time-sensitive financial situations across various sectors. Read More
Horizon Capital Acquires Minority Stake in Dobrobut
Horizon Capital, a private equity fund manager focused on investments in mid-cap companies in Ukraine and the neighboring region, has acquired a minority stake in Ukraine-based private health care services provider Dobrobut through Emerging Europe Growth Fund III. Dobrobut owns and operates a network of clinics and hospitals in the Kiev region and will partner with Horizon to open new… Read More
Steadview Capital Acquires Stake in Dream11 from Existing Investors
India-focused alternative asset manager Steadview Capital Management has acquired a stake in India-based fantasy sports game developer Dream11 for a reported sum of USD60 million from existing investors Kalaari Capital, Multiples Alternate Asset Management, and Think Investments. Kalaari and Multiples originally invested in the company in 2015 and 2017, respectively, before jointly participating in a USD100 million Series D funding… Read More
Network International Completes Initial Public Offering on London Stock Exchange
Network International, a UAE-based payment solutions provider backed by global private equity fund managers Warburg Pincus and General Atlantic, has completed its initial public offering (IPO) on the London Stock Exchange. The offering consisted of 250 million shares sold by Emirates Bank, Warburg, and General Atlantic at a price of GBP4.35 (approximately USD5.68) per share, generating gross proceeds of GBP1.1… Read More
Actis and Other Investors Divest Shares Worth USD790 Million in StoneCo Follow-On Offering
Investors in Brazil-based, US-listed payments and financial technology company StoneCo have raised USD790 million in a secondary follow-on offering on the New York Stock Exchange. Selling shareholders offered 19.5 million Class A common shares at a price of USD40.50 per share. Global growth markets investor Actis partially exited its stake in StoneCo, selling 881,000 shares for gross proceeds of USD36… Read More
BPEA to Acquire 30 Percent Stake in NIIT Technologies for USD379 Million
Asia-focused alternative asset manager Baring Private Equity Asia (BPEA) has agreed to invest INR26 billion (approximately USD379 million) for a 30 percent stake in NIIT Technologies, an India-listed information technology group. BPEA will purchase 18.85 million shares of the company at a price of INR1,394 (USD20.11) per share from NIIT Technologies’ parent company NIIT and other promoter entities. BPEA will… Read More