GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Global Capital Management Exits Jordan Trade Facilities Company for US$29 Million (MENA)
Global Capital Management (GCM), the alternative asset management arm of Global Investment House, has sold its 93.27 percent stake in financial services provider Jordan Trade Facilities Company to Jordan-based Invest Bank for US$29 million. GCM originally acquired a majority stake in the company in 2008 through Global MENA Financial Assets, a fund under its management, and associated companies. Read More
Adenia Partners Acquires Majority Stake in Ademat (Sub-Saharan Africa)
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has acquired a majority stake in Ademat, a business services company in Côte d’Ivoire active in the power sector. Adenia invested through Adenia Capital (III). Ademat distributes, installs and maintains power devices, inverters, drive systems and other electrical and IT products. Adenia plans… Read More
FountainVest Reaches Final Close for Third Fund with US$2.1 Billion in Commitments (Asia)
China-focused private equity firm FountainVest has reached a final close for FountainVest China Capital Partners Fund III with US$2.1 billion in capital commitments. Investors in the fund, which was oversubscribed, include pension plans, sovereign wealth funds, insurance companies and other institutions from North America, Europe, Australia, the Middle East and Asia. The fund will continue to pursue the investment strategies… Read More
The Abraaj Group to Sell 80 Percent Stake in Jordan Aircraft Maintenance (MENA)
Global growth markets investor The Abraaj Group has agreed to sell an 80 percent stake in commercial aircraft maintenance, repair and overhaul facility manager Jordan Aircraft Maintenance to United Arab Emirates-based aerospace company Dubai Aerospace Enterprise. Financial details of the transaction were not disclosed. Read More
AfricInvest and Siparex Back Tunisia-based Menuiserie Aluminium du Sud (MENA)
Private equity firms AfricInvest and Siparex have invested EUR1.7 million (approximately US$1.9 million) in Tunisia-based aluminum products manufacturer Menuiserie Aluminium du Sud (MAS). The investment was completed in June 2016 and structured through Fonds de Co-Localisation Franco-Tunisian, which is co-managed by AfricInvest and Siparex. MAS will use the new capital in support of its commercial development and restructuring plans. Read More
Helios to Invest US$115.8 Million in Oando Gas and Power (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners has agreed to acquire 49 percent of the voting rights in Oando Gas and Power (OGP), the midstream business subsidiary of Nigeria-based integrated oil and gas company Oando, for US$115.8 million. Upon completion of the deal, Oando will retain 49 percent of the voting rights in OGP. The residual two percent will be… Read More
Linear Venture Reaches Final Close for China-focused Venture Capital Fund (Asia)
China-focused venture capital fund manager Linear Venture has reached a final close for its second fund with approximately US$70 million in capital commitments. The fund comprises both RMB- and U.S. dollar-denominated tranches. Investors in the fund include an Asia-focused hedge fund, as well as founders and executives of internet companies including Alibaba Group, Tencent Holdings, Baidu, Meituan-Dianping, Qunar, Baixing, Facebook,… Read More
Biopharm Lists on Algiers Stock Exchange (MENA)
Algeria-based pharmaceutical manufacturing and distribution company Biopharm, which is backed by private equity firms Development Partners International (DPI), EuroMena and Mediterrania Capital Partners (MCP), has completed a listing on the Algiers Stock Exchange. The shares listed represent 20 percent of the company’s equity and are valued at DZD6.3 billion (approximately US$57 million). DPI, EuroMena and MCP, along with development finance… Read More
LIV Capital Invests in E-commerce Platform Linio and Ticketing Platform Boletia (Latin America)
Mexico-focused growth equity and venture capital investor LIV Capital and global private equity fund manager Northgate Capital, along with digital consumer-focused investment company Kinnevik, have invested US$55 million in Mexico-based e-commerce platform Linio. The company, which operates in Mexico, Colombia, Peru, Venezuela, Chile and Argentina, plans to use the new capital to roll out new payments and logistics solutions, release… Read More
Genesis Capital Reaches Final Close for Genesis Private Equity Fund III (CEE and CIS)
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has reached a final close for Genesis Private Equity Fund III with CZK2.2 billion (approximately US$91 million) in capital commitments. Investors in the fund include Czech Republic-based bank Česká Spořitelna, the European Investment Fund, asset manager IKS KB, eQ Private Equity and insurance companies Kooperativa Pojišťovna and Česká Podnikatelská Pojišťovna. The… Read More
ViSenze Raises US$10.5m in Series B Round Led by Rakuten Ventures, WI Harper & Enspire Capital(Asia)
ViSenze, a Singapore-based artificial intelligence company for e-commerce and digital businesses, has completed a US$10.5 million Series B funding round led by Rakuten Ventures, the venture capital arm of internet company Rakuten, and venture capital firms WI Harper Group and Enspire Capital. Other investors in the round included Singapore Press Holdings’ SPH Media Fund, FengHe Fund Management, Raffles Venture Partners,… Read More
Oasis Capital Ghana Reaches First Close for Oasis Africa VC Fund (Sub-Saharan Africa)
Growth equity and venture capital fund manager Oasis Capital Ghana has reached a first close for its second fund, Oasis Africa VC Fund (OAF), with US$27 million in capital commitments. Development finance institutions Dutch Good Growth Fund and International Finance Corporation have invested US$5 million and US$7 million, respectively, with the remaining US$15 million committed by five Ghanaian institutions and… Read More