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CPPIB and Goldman Sachs Lead US$950 Million Restructuring of Enfoca Funds (Latin America)
Peru-focused private equity fund manager Enfoca has completed the restructuring of its Enfoca Descubridor 1, Enfoca Discovery 1 and Enfoca Descubridor 2 funds into a new investment fund with more than US$950 million in capital commitments. The transaction was led by Canada Pension Plan Investment Board (CPPIB), which committed US$380 million, and Goldman Sachs Asset Management. Peru-based pension funds Integra,… Read More
SAIF Partners and Warburg Pincus Participate in US$50.6 Million Series D Round for Rivigo Services (Asia)
India-focused venture capital firm SAIF Partners has led an INR3.22 billion (approximately US$50.6 million) Series D round for India-based logistics services provider Rivigo Services. Global private equity firm Warburg Pincus also participated in the round. SAIF and Warburg originally invested in Rivigo in 2015 and 2016, respectively. Read More
Mediterrania Capital Partners Invests in Groupe Scolaire René Descartes; to Invest in Université Internationale de Casablanca (MENA)
Africa-focused private equity firm Mediterrania Capital Partners has acquired an undisclosed stake in Tunisia-based private education institution Groupe Scolaire René Descartes (GSRD) through Mediterrania Capital II. GSRD, which provides French and Tunisian programs for pre-primary school through college, plans to partner with Mediterrania to expand its current facilities and develop new sites in key locations in Tunisia and Algeria. Financial… Read More
Promotora Social Mexico and NXTP Labs Invest in Lab4U (Latin America)
Mexico-focused impact investment firm Promotora Social Mexico, along with Latin America-focused accelerator and seed fund NXTP Labs and undisclosed family offices and angel investors, has invested in Chile-based education technology company Lab4U. The company, which develops mobile applications that utilize tablet and mobile phone sensors to create science experiments, plans to use the funds to expand operations to Mexico. Financial… Read More
Warburg Pincus Invests in Zhangmen and Ziroom (Asia)
Global private equity fund manager Warburg Pincus and China-focused fund manager Genesis Capital have invested US$120 million in a Series D round for China-based online tutoring company Zhangmen. The company offers personalized, one-on-one tutoring sessions to more than one million registered students across 600 cities in China. Separately, Warburg, along with a group of investors including venture capital firm Sequoia… Read More
Pátria Investimentos Raises US$484.2 Million for Patria Private Equity Fund VI (Latin America)
Pátria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, has raised US$484.2 million for Pátria Private Equity Fund VI. The firm—which also manages infrastructure, real estate and credit platforms—primarily targets buyout and growth opportunities across various sectors in Brazil and other Latin American countries through its private equity funds. Read More
Actis to Acquire InterGen’s Mexico Energy Assets for US$1.26 Billion (Latin America)
Growth markets investor Actis has agreed to acquire the Mexico assets of global energy infrastructure developer and operator InterGen for an enterprise value of US$1.26 billion. The assets include six combined-cycle gas turbine projects and a wind power project with a combined capacity of 2,355 megawatts, as well as three gas compression stations and a 65-kilometer gas pipeline. The transaction… Read More
Small Enterprise Assistance Funds Exits Propak (CEE and CIS)
SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has fully exited its 80 percent stake in Turkey-based flexible packaging producer Propak to Polinas, a packaging materials subsidiary of Turkey-based food company Ulker Group. SEAF originally invested in Propak in 2011 through Southeast Europe Equity Fund II (SEEF II). Financial details of the transaction were not disclosed. Read More
Harith General Partners Invests in Sheltam Mauritius (Sub-Saharan Africa)
Pan-African infrastructure fund manager Harith General Partners has acquired a 30 percent stake in Sheltam Mauritius, the parent company of Southern Africa-focused rail company Sheltam Group. Immediately prior to Harith’s investment, Sheltam restructured its shareholder debt obligations, making private investment group Principle Capital the company’s controlling shareholder. With Harith’s and Principle Capital’s support, Sheltam will reinvest in its existing fleet… Read More
Aspada Invests in EM3 AgriServices (Asia)
India-based farm mechanization services company EM3 AgriServices has raised a US$10 million Series B round from existing investor Aspada Investment Advisors, an investment firm focused on small and medium-sized enterprises in India, and London-based Global Innovation Fund. Aspada invested through Aspada Investment Company, a venture capital investment vehicle backed by the Soros Economic Development Fund. EM3 plans to use the… Read More
SSG Capital Management Raises More than US$2.5 Billion for Latest Funds (Asia)
Asia-focused credit and special situations investor SSG Capital Management has reportedly raised approximately US$1.7 billion for its fourth special situations fund, SSG Capital Partners IV, and closed its second direct lending fund, SSG Secured Lending Opportunities II, at its hard cap with US$800 million in capital commitments. The former reportedly expects to generate an annual return of 20 percent, while… Read More
Novastar Ventures Invests in Three New Businesses (Sub-Saharan Africa)
Global alternative asset manager The Carlyle Group, China-based conglomerate CITIC and its alternative investment arm CITIC Capital Partners have completed their investment in fast food chain McDonald’s Corporation’s mainland China and Hong Kong businesses. The consortium had previously agreed to invest up to US$2.08 billion, with CITIC and CITIC Capital Partners owning a 52 percent stake and Carlyle owning a… Read More