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EchoVC Partners Invests in Seed Round for myPadi (Sub-Saharan Africa)
Africa-focused venture capital fund manager EchoVC Partners has completed a seed funding round for Nigeria-based university accommodation booking platform myPadi. The company, which allows students to find and book more than 5,000 off-campus rooms linked to more than 60 tertiary institutions in Nigeria, plans to use the funds to expand to additional cities, add more schools to its platform, invest… Read More
Global Infrastructure Partners to Acquire Infrastructure Portfolio of IDFC Alternatives (Asia)
Global Infrastructure Partners (GIP) has reportedly agreed to acquire the infrastructure portfolio of India-focused multi-asset class fund manager IDFC Alternatives. GIP will acquire assets managed by IDFC’s India Infrastructure Fund I and India Infrastructure Fund II, as well as its growth equity funds. The management team of IDFC’s infrastructure portfolio will join a new entity under GIP’s ownership. Financial details… Read More
The Carlyle Group Exits Greater China Intermodal Investments to Seaspan Corporation (Asia)
Global alternative asset manager The Carlyle Group and minority shareholders have sold their combined 89 percent stake in China-based container ship owner-operator Greater China Intermodal Investments (GCI) to global shipping company Seaspan Corporation. Seaspan will acquire the stake for US$330 million in cash and US$50 million in Seaspan Series D preferred shares. Carlyle originally invested in the creation of GCI… Read More
Adenia Partners Acquires Controlling Stake in Kanu Equipment, Phatisa Partially Exits (Sub-Saharan Africa)
Africa-focused private equity fund manager Adenia Partners has acquired a controlling stake in pan-African agriculture, construction and mining equipment supplier Kanu Equipment. The transaction provides a partial exit for Africa-focused private equity fund manager Phatisa and includes a further US$20 million of expansion capital to support the company’s growth. The partial exit reportedly generated an internal rate of return of… Read More
Tikehau Capital and SPRIM Ventures Reach US$50 Million First Close for TKS1 (Asia)
Pan-European alternative asset manager Tikehau Capital and SPRIM Ventures, the venture capital arm of Singapore-based medical and scientific consultancy SPRIM Group, have reached a first close for their joint venture fund TKS1 with US$50 million in capital commitments. The fund will focus on early-stage opportunities in medical technology and life science companies in Singapore. Read More
Delta Capital Myanmar Invests US$7 Million in Easy Microfinance (Asia)
Myanmar-focused private equity fund manager Delta Capital Myanmar has invested US$7 million for a significant minority stake in Myanmar-based lender Easy Microfinance. The company, which has more than 55,000 clients, plans to use the funds to open new branches and grow its loan portfolio. Delta Capital invested through Myanmar Opportunities Fund II. Read More
EIG Global Energy Partners Invests US$139 Million to Delist Prumo Logística Global (Latin America)
Global energy and infrastructure-focused fund manager EIG Global Energy Partners has invested BRL452 million (approximately US$139 million) in Brazil-based industrial port operator Prumo Logística Global via a tender offer. EIG, which originally invested in Prumo in 2013, acquired 39.3 million shares for BRL11.50 (approximately US$3.53) per share, resulting in a compulsory delisting from the B3 exchange. Prumo operates the industrial… Read More
Helios Investment Partners and Gemcorp Invest US$116 Million in Africell (Sub-Saharan Africa)
Africa-focused private equity fund manager Helios Investment Partners and global investment firm Gemcorp Capital have reportedly invested US$116 million in The Gambia-based telecommunications company Africell via a syndicated loan. Africell, which operates mobile networks in The Gambia, the Democratic Republic of the Congo, Uganda and Sierra Leone, plans to use the funds to expand its 4G service offerings. Read More
Warburg Pincus to Invest US$370 Million in Techcombank (Asia)
Global private equity fund manager Warburg Pincus has agreed to invest more than US$370 million in Vietnam Technological and Commercial Joint Stock Bank, known as Techcombank. The company, which serves more than five million customers via 315 branches in Vietnam, plans to use the funds to expand its operations and market share in the country. The transaction is subject to… Read More
Enterprise Investors Partially Exits Novaturas via IPO for US$22 Million (CEE and CIS)
Central and Eastern Europe-focused private equity fund manager Enterprise Investors has partially exited its stake in Lithuania-based tour operator Novaturas via an initial public offering (IPO) on the Warsaw Stock Exchange and Nasdaq Vilnius. Enterprise sold a 22 percent stake for gross proceeds of EUR17.8 million (approximately US$22 million). Enterprise, which retains a 49 percent stake in Novaturas, originally invested… Read More
Ainda Energia & Infraestructura Raises US$236 Million Debut CKD (Latin America)
Ainda Energia & Infraestructura, the fund management affiliate of Mexico-based energy and infrastructure-focused investment advisory firm Ainda Consultores, has raised MXN4.4 billion (approximately US$236 million) via the listing of a Certificado de Capital de Desarollo (CKD) on the Mexican Stock Exchange. The fund, listed under the ticker AINDACK 18, will invest in greenfield and brownfield projects in the oil &… Read More
Actis and Altimeter Capital Invest US$82 Million in Pine Labs (Asia)
Growth markets investor Actis has led a US$82 million investment round for India-based digital retail payments platform Pine Labs. Global technology-focused investment firm Altimeter Capital also participated in the round. Pine Labs plans to use the funds to increase network penetration in India and expand operations to other countries. Read More