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Kotak Raises USD400 Million for Indian Commercial Office Assets
Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a final close for India Office Assets Fund I with USD400 million in capital commitments. The fund was established in partnership with DivyaSree Developers, an India-based urban real estate and infrastructure development company, and received an anchor commitment from the Abu Dhabi Investment Authority. The fund will… Read More
3TS Exits Stake in H88 for USD15
European technology-focused growth capital investor 3TS Capital Partners has sold its 29 percent stake in Poland-based web hosting and domain registration provider H88 for EUR13.6 million (approximately USD15 million) to Polish telecommunications company R22 Group. 3TS originally invested EUR5.5 million (USD6 million) in H88 in 2016. Read More
Amethis Sells Stake in Dislog Group
Africa-focused private investment fund manager Amethis has reportedly sold its 29 percent stake in Morocco-based consumer goods distributor Dislog Group to H&S Invest Holding, an investment vehicle of the Belkhayate family. In 2018, Amethis took over management of Amethis Maghreb Fund I—formerly known as Capital North Africa Venture II and managed by Capital Invest—which had originally acquired a stake in… Read More
Warburg Pincus Invests in Avanse Financial Services and Yijiupi
Global private equity fund manager Warburg Pincus has agreed to acquire an 80 percent stake in India-based education finance company Avanse Financial Services from diversified holding company Wadhawan Global Capital. As part of the transaction, Warburg plans to make an INR3 billion (approximately USD43 million) primary capital injection in the company to support its growth. Avanse provides loans primarily to… Read More
Cube Highways and Infrastructure to Acquire Delhi-Agra Toll Road for USD517 Million
Cube Highways and Infrastructure, an India-based toll road investment platform established by global infrastructure investment firm I Squared Capital, has agreed to acquire 100 percent of the Delhi-Agra Toll Road from India-based developer Reliance Infrastructure at an enterprise value of INR36 billion (approximately USD517 million). The Delhi-Agra Toll Road comprises a 180-kilometer six-lane road connecting the two cities and a… Read More
Brookfield to Acquire East West Pipeline for USD1.9 Billion
India Infrastructure Trust, an investment vehicle 90 percent-owned by global alternative investment firm Brookfield Asset Management, has agreed to acquire the East West Pipeline from India-based conglomerate Reliance Industries for INR130 billion (approximately USD1.9 billion). As part of the agreement, Reliance will participate in a portion of the net earnings of the Pipeline, retain convertible preference shares valued at INR40… Read More
AgroStar Raises USD27 Million in Series C Investment Round
India-based agriculture technology startup AgroStar has raised USD27 million in a Series C funding round led by Bertelsmann India Investments, an investment arm of global media company Bertelsmann. Existing investors Accel Partners, Chiratae Ventures, and Aavishkaar Venture Management also participated in the round. AgroStar provides various goods and services to farmers in India through its online platform, including agricultural inputs… Read More
Hemisfério Sul Investimentos Acquires Two Class A Office Buildings for USD104 Million
Brazil-focused real estate and private credit fund manager Hemisfério Sul Investimentos (HSI) has acquired Class A office buildings Evolution and Itower, located in the São Paulo, Brazil metropolitan area, for a combined BRL400 million (USD104 million). The buildings reportedly have an occupancy rate of 95 percent, with corporate tenants such as Cielo, Qualicorp, Netflix, and HP. Read More
Algebra Ventures and Ezdehar Management Invest in Dsquares
Middle East-focused fund managers Algebra Ventures and Ezdehar Management have invested in Egypt-based loyalty services solutions provider Dsquares. The company provides customer loyalty management solutions to corporate clients in the Middle East and Africa. Ezdehar previously invested in Dsquares in 2018 through Ezdehar Egypt Mid-Cap Fund. Financial details of the transaction were not disclosed. Read More
TartanSense Raises USD2 Million in Seed Round Led by Omnivore, Blume Ventures, and BEENEXT
India-based agricultural robotics company TartanSense has raised USD2 million in a seed round led by Asia-focused venture capital fund managers Omnivore, Blume Ventures, and BEENEXT. Other participants in the funding round include angel investors Dileep George, Akash Gupta, Samay Kohli, and Kush Jawahar. TartanSense plans to use the capital to support the rollout of its first product, BrijBot, a weed-spraying… Read More
Alkhabeer Capital Acquires Three Education Companies in Saudi Arabia and the UAE
GCC-focused alternative asset manager Alkhabeer Capital has completed three investments in the Middle Eastern education sector, acquiring 100 percent stakes in UAE-based Capital School and Saudi Arabia-based Azezeyah, as well as a 90 percent stake in Saudi Arabia-based Tanmiyah Company. The three companies operate schools with a combined capacity of more than 11,000 students. Financial details of the transactions, which… Read More
IMM Private Equity to Acquire Linde Korea for USD1.1 Billion
Korea-focused fund manager IMM Private Equity has agreed to acquire the Korean assets of global industrial gas and engineering company Linde Group for KRW1.3 trillion (approximately USD1.1 billion). IMM will acquire the group’s industrial gas business while Linde will reportedly retain its specialty gas operations in Korea. The transaction is expected to close by the end of April 2019. Read More