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AfricInvest Exits Cotugrain Hortimag (MENA)
Pan-African private equity firm AfricInvest has sold its 20.06 percent stake in Tunisia-based seed, fresh vegetable and young plant producer Cotugrain Hortimag to a consortium composed of BIAT Capital Risque, the private equity arm of Tunisia-based bank BIAT, and Adel Ghariani, the company’s owner. AfricInvest originally invested in Cotugrain in 2007 through its Maghreb Private Equity Fund II. Financial details… Read More
Abris Capital Partners Acquires Graal in Delisting from Warsaw Stock Exchange (CEE and CIS)
Central & Eastern Europe-focused mid-market private equity firm Abris Capital Partners has acquired Warsaw Stock Exchange-listed fish processing company Graal through a tender offer completed in partnership with company founder Boguslaw Kowalski, who previously held a 44 percent stake in the business. Abris and Kowalski reportedly offered PLN32 (approximately US$7.65) per share for the outstanding 4.49 million shares in Graal,… Read More
NBK Capital Partners Invests in Kaumeya Language Schools (MENA)
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa, has invested in Egypt-based Kaumeya Language Schools (KLS), a K-12 school established in 1959. Development finance institution European Bank for Reconstruction and Development also provided financing. KLS intends to use the new capital to expand its campus, upgrade its facilities and modernize… Read More
IMM Investment to Acquire Eco Management Korea Holdings for US$338 Million (Asia)
Korea-focused private equity firm IMM Investment has agreed to acquire Korea-based waste management and recycling services provider Eco Management Korea Holdings from JP Morgan Asset Management for KRW400 billion (approximately US$338 million). Almost half of the funding for the deal will come from IMM Investment’s blind pool fund, while the remaining will be raised through loans from financial institutions. The… Read More
Brookfield Asset Management to Acquire Odebrecht’s Olmos Concessions (Latin America)
Brookfield Asset Management and France-based industrial services and solutions company Suez have agreed to acquire Peru-based water infrastructure concessions H2Olmos and Concesionaria Trasvase Olmos from Odebrecht Latininvest, a subsidiary of Brazil-based engineering group Odebrecht. Both concessions form part of the Olmos project, which consists of a trans-Andean water transfer tunnel and related infrastructure for irrigation and hydroelectric power generation. Brookfield… Read More
Aspada Advisors and Michael & Susan Dell Foundation Invest US$1M in Shiksha Financial Service (Asia)
Aspada Advisors, an investment firm focused on small and medium-sized enterprises in India, and the Michael & Susan Dell Foundation have invested INR67 million (approximately US$1 million) in India-based school financing company Shiksha Financial Services. Aspada invested through Aspada Investment Company. Shiksha will use the new capital to launch more products, expand into new markets and provide loans to 2,300… Read More
KKR and Sino-Ocean Group to Invest in Beijing Capital Juda (Asia)
Global investment firm KKR and China-based property developer Sino-Ocean Group have agreed to invest HKD1.5 billion (approximately US$190 million) through new ordinary shares and perpetual convertible bond securities in Beijing Capital Juda, the Hong Kong-listed subsidiary of integrated property developer Beijing Capital Land. KKR will invest through China Growth Fund. Following the completion of the transaction, which is subject to… Read More
Myanmar Opportunities Fund II Reaches US$30 Million First Close (Asia)
Myanmar-focused private equity firm Delta Capital Myanmar, formerly known as PMM Partners, has reached a first close for Myanmar Opportunities Fund II with US$30 million in capital commitments. Investors in the fund include family offices and high-net worth individuals. The fund is targeting US$100 million in total commitments. Read More
Enterprise Investors to Sell Profi Rom Food to Mid Europa Partners for US$566 Million (CEE and CIS)
Central & Eastern Europe-focused private equity firm Enterprise Investors has agreed to sell its 100 percent stake in Romania-based supermarket chain Profi Rom Food to private equity firm Mid Europa Partners for EUR533 million (approximately US$566 million). Enterprise Investors originally acquired Profi Rom Food through Polish Enterprise Fund VI in 2010. The transaction is subject to regulatory approvals. Read More
Delta Partners Capital Leads US$19.5 Million Series C Round for Knowlarity Communications (Asia)
Advisory and investment firm Delta Partners Capital has led an INR1.33 billion (approximately US$19.5 million) Series C round for India-based cloud telephone solutions provider Knowlarity Communications. Other equity investors in the round included venture capital firms Sequoia Capital and Mayfield Fund, while advisory and investment firm Blacksoil Capital and venture debt firm Trifecta Capital provided debt funding. Knowlarity plans to… Read More
LeapFrog Investments Acquires Majority Stake in Goodlife Pharmacy (Sub-Saharan Africa)
Emerging markets-focused specialist investor LeapFrog Investments has acquired a majority stake in Kenya-based pharmaceutical retailer Goodlife Pharmacy for US$22 million. As part of the acquisition, East Africa-focused private equity firm Catalyst Principal Partners has fully exited its stake in the company. Catalyst originally invested in Goodlife in 2014 through Catalyst Fund I. Read More
Investcorp Acquires Stake in Al Borg Medical Laboratories (MENA)
MENA-focused alternative investment manager Investcorp has acquired a stake in Saudi Arabia-based Al Borg Medical Laboratories, a private medical laboratory chain operating across eight countries in the Persian Gulf region and Africa. With Investcorp’s support, Al Borg Medical Laboratories will further expand in Saudi Arabia and across the region. Financial details of the transaction were not disclosed. Read More