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NBK Capital Partners Acquires King Integrated American Schools
NBK Capital Partners, an alternative investment fund manager focused on the Middle East, North Africa, and Turkey, has acquired a 100 percent stake in Egypt-based private school King Integrated American School (KIAS). NBK executed the transaction through its portfolio company Kaumeya Language Schools, an Egypt-based international school network. Following the acquisition, KIAS will rebrand as KLS King Mariut and to… Read More
Kotak Investment Advisors Raises USD625 Million for Special Situations Fund, Invests in Shriram Grand City
Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a first close for Kotak Special Situations Fund with USD625 million in capital commitments. The fund received a USD500 million anchor commitment from the Abu Dhabi Investment Authority. Kotak Special Situations Fund will invest in non-performing loans in India, with a focus on preventing insolvency for pre-stress… Read More
Hillhouse Capital and Sequoia Capital Lead Series D Round of USD300 Million for Lalamove
China-based delivery services company Lalamove has secured USD300 million in a two tranches Series D funding round led by China-focused private equity fund manager Hillhouse Capital and global venture capital firm Sequoia Capital. Other participants in the round include private equity and venture capital fund managers Eastern Bell Venture Capital, Shunwei Capital Partners, PV Capital, Xiang He Capital, 01 Venture… Read More
Clearwater Capital Partners Holds First Close for Clearwater Capital Yield Fund
Asia-focused credit and special situations fund manager Clearwater Capital Partners has reportedly held a first close for Clearwater Capital Yield Fund. Asset manager Fiera Capital Corporation made an anchor commitment of USD50 million to the vehicle, which has a target of USD300 million in total commitments. The fund will invest in performing loans and bonds of companies in asset-intensive industries… Read More
Syntaxis Capital Exits Polflam
Central Europe-focused private debt and growth capital investor Syntaxis Capital has exited its investment in Polflam, a Poland-based fire-resistant glass manufacturer, as part of family office Baltisse’s acquisition of the business. Syntaxis originally funded a leveraged recapitalization of Polflam by the company’s founders in 2014. Financial details of the transaction were not disclosed. Read More
SunFunder Holds USD42.5 Million First Close for Solar Energy Transformation Fund
Solar energy financing firm SunFunder has reached a first close for Solar Energy Transformation Fund with USD42.5 million in capital commitments. Investors in the fund include the Overseas Private Investment Corporation, which committed USD25 million; Calvert Impact Capital, which committed USD7.5 million; and Ceniarth and the IKEA Foundation, which each committed USD5 million. The fund is reportedly targeting a final… Read More
Mid Europa Partners Agrees to Exit Bambi for USD294 Million
Central and Eastern Europe-focused private equity firm Mid Europa Partners has agreed to sell Bambi, a Serbia-based snack food manufacturer, to Coca-Cola Hellenic Bottling Company for EUR260 million (approximately USD294 million). Mid Europa originally acquired the company in 2015. The sale is subject to customary competition authority approval and is expected to close in Q2 2019. Read More
Spruceview Capital Partners Raises USD300 Million for New CerPi
Global alternative fund manager Spruceview Capital Partners has raised USD300 million through the Series A issue of a Certificado de Proyectos de Inversión (CerPi) offering on the Mexican Stock Exchange (BMV). The fund, which listed under the ticker symbol SVPI 19, has the option to raise an additional USD700 million in subsequent series for a total of USD1 billion in… Read More
Zephyr Management Leads USD8 Million Investment in Shiksha Finance
Global private equity firm Zephyr Management has led an INR550 million (approximately USD8 million) investment in India-based education finance company Shiksha Finance. India-focused venture capital fund manager Aspada Investment Advisors and the Michael & Susan Dell Foundation also participated in the funding round. The company—which offers school fee loans to middle- and low-income families, and working capital loans to private… Read More
Lilly Asia Ventures Closes Fifth Fund at USD750 Million, Joins USD126 Million Round for Burning Rock
China-focused life sciences investment fund manager Lilly Asia Ventures has closed LAV Biosciences Fund V at its hard cap of USD750 million. Investors in the fund include US-based pension funds SFERS and LACERA, which committed USD40 million and USD100 million, respectively. Separately, Lilly also joined GIC, LYFE Capital, CMB International Capital, Sequoia Capital China, and T&Brothers Capital in a CNY850… Read More
Merqueo Secures USD14 Million from Portland Private Equity and Endeavor Catalyst
Colombia-based low-cost online grocery delivery platform Merqueo has secured USD14 million in a Series A funding round led by Caribbean- and Central America-focused fund manager Portland Private Equity. Endeavor Catalyst, an impact investing non-profit organization, also participated in the round. The company delivers groceries to customers in Bogotá and Medellín using four local warehouses and plans to use the funds… Read More
L Catterton Invests in Susana Balbo Wines
Global consumer-focused private equity fund manager L Catterton has invested in Argentina-based winery Susana Balbo Wines. The winery, which exports to 33 countries through its Crios, BenMarco, Susana Balbo Signature, and Nosotros brands, plans to partner with L Catterton to grow its presence in Asia. Financial details of the transaction were not disclosed. Read More