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Warburg Pincus and CNCB Lead Investment in Jinxin Fertility (Asia)
Global private equity fund manager Warburg Pincus and CNCB, a unit of China CITIC Bank, have reportedly led an investment in China-based assisted reproductive technology company Jinxin Fertility. Global venture investor Sequoia Capital and China-based biotechnology company WuXi AppTec also participated in the financing round. Jinxin Fertility provides various fertility and reproductive services to customers in China and the United… Read More
KKR, IGIS and NPS to Acquire Gangnam Real Estate Project (Asia)
Global alternative asset manager KKR, along with Korea-focused real estate fund manager IGIS Asset Management and the National Pension Service of Korea, has agreed to acquire a mixed-used real estate project in the Gangnam district of Seoul, South Korea from local engineering firm Daor E&C. The project is expected to cost KRW2.1 trillion (approximately US$1.85 billion), inclusive of the purchase… Read More
Patria Investments Reaches US$312 Million Final Close for Structured Credit Fund (Latin America)
Brazil-focused alternative asset manager Patria Investments has reached a final close for Patria Crédito Estruturado with BRL1.2 billion (approximately US$312 million) in capital commitments. Development finance institutions BNDES, IFC and IDB Invest committed BRL250 million (US$65 million), BRL188 million (US$49 million) and BRL160 million (US$42 million), respectively, to the fund. Other investors include pension funds and family offices. The fund… Read More
ShawKwei & Partners Asia Value Fund 2017 Final Close Raises US$812 Million (Asia)
Asia-focused private equity fund manager ShawKwei & Partners has reportedly reached a final close for its fourth pan-Asia investment vehicle, Asia Value Fund 2017, with US$812 million in capital commitments. Investors in the fund include insurance companies, family offices and other institutional investors based primarily in North America and Europe. ShawKwei focuses on middle-market opportunities in the precision engineering and… Read More
Helios Invests in KMR Holding Pédagogique to Develop Student Housing (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners has invested in Morocco-based higher education group KMR Holding Pédagogique. Helios will partner with KMR to support its development in Morocco and throughout francophone Africa, as well as to establish a student housing platform in the region. KMR provides tertiary education to more than 8,000 students across three campuses in Morocco and Senegal.… Read More
Iron Pillar Raises US$90 Million in Final Close for Debut Fund (Asia)
India-focused venture capital firm Iron Pillar Capital Management has reached a final close for its debut fund with US$90 million in capital commitments. Investors in the fund, which raised around 65 percent of its capital from offshore investors, include the Overseas Private Investment Corporation, Small Industries Development Bank of India and IIFL. The fund will focus on mid- and late-stage… Read More
ResponsAbility Invests in Suminter and REDAVIA Ghana (Asia, Sub-Saharan Africa)
Impact investment fund manager responsAbility Investments has acquired a minority stake in Suminter, an India-based supplier of organic food products from Asia and Africa. The company will use the funds for working capital financing and to expand its operating capacity. Separately, responsAbility and Germany-based distributed solar energy developer REDAVIA have agreed to provide US$4 million in debt financing to REDAVIA’s… Read More
Ethos Leads Buyout of Gammatek (Sub-Saharan Africa)
Southern Africa-focused alternative investment fund manager Ethos and Eskom Pension & Provident Fund (EPPF) have acquired a majority stake in South Africa-based Gammatek. Ethos acquired a 51 percent stake through Ethos Mid Market Fund I, with EPPF acquiring a further 9 percent stake. Gammatek distributes consumer electronics and technology accessories, such as earphones, phone cases and toys. The company plans… Read More
AfricInvest Reaches US$70 Million Second Close for FIVE (Sub-Saharan Africa)
Pan-African private equity fund manager AfricInvest has reached a second close for FIVE, a financial-services focused evergreen investment platform, with EUR61 million (approximately US$70 million) in capital commitments. New investors in the fund include the Central Bank of Kenya Pension Fund and development finance institutions Norfund and IFU. FMO and BIO committed to the fund as anchor investors in December… Read More
KKR Exits Masan Group for US$209 Million, Invests US$175 Million in Voyager Innovations Alongside Tencent Holdings (Asia)
Global alternative asset manager KKR has reportedly sold its 4.7 percent stake in Vietnam-based conglomerate Masan Group to Singaporean sovereign wealth fund GIC and other unnamed investors for US$209 million through a secondary offering. KKR originally invested US$100 million in Masan Group in 2017. Separately, KKR and China-based internet and technology conglomerate Tencent Holdings have agreed to invest up to… Read More
Gaja Capital Invests US$10 Million in KOOH Sports Region (Asia)
India-focused private equity fund manager Gaja Capital has invested INR750 million (approximately US$10 million) in India-based KOOH Sports. The company provides various youth sports development and talent scouting programs in India and the United Arab Emirates. Gaja plans to integrate KOOH into its existing sports management portfolio company SportzVillage. Read More
Phatisa Food Fund 2 Raises US$122 Million (Sub-Saharan Africa)
Africa-focused private equity fund manager Phatisa has reached a first close for Phatisa Food Fund 2 with approximately US$122 million in capital commitments. Phatisa will continue to focus on investment opportunities in farm mechanization, agricultural inputs, poultry and meat production, food processing, logistics and food distribution across Sub-Saharan Africa. The fund aims to raise US$300 million in total commitments. Read More