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Darby Private Equity Invests in Turkey-based Quartz Surfaces Producer BELENCO (CEE and CIS)
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has acquired a minority stake in Turkey-based quartz surfaces producer Peker Yüzey Tasarımları (BELENCO). Darby plans to work with BELENCO to support its growth in the domestic and global quartz surfaces markets. Financial details of the transaction were not disclosed. Read More
LAP Closes Central American Mezzanine Infrastructure Fund II (Latin America)
Private equity and mezzanine fund manager Latin American Partners (LAP) has reached a final close for its Central American Mezzanine Infrastructure Fund II with US$188.2 million in capital commitments. Investors in the fund include development finance institutions Inter-American Development Bank, acting through the Inter-American Investment Corporation, International Finance Corporation, Finnish Fund for Industrial Cooperation, FMO, Austrian development bank OeEB, the… Read More
Best Logistics Completes US$760 Million Round Led by CITIC Private Equity and Everbright (Asia)
China-based logistics and supply chain management company Best Logistics Technologies has completed a US$760 million funding round led by China-focused private equity firm CITIC Private Equity and Everbright Financial Holding Asset Management. Other new investors in the round included: Cainiao Network Technology, China Development Bank International, Bank of China International-controlled CITP Advisors, Fosun International, SBCVC, Huarong International Financial and Liyue… Read More
IFC, IFC AMC and EMA Power Invest US$175.5m in Summit Group’s Power Projects in Bangladesh (Asia)
Development finance institution International Finance Corporation (IFC), IFC Asset Management Company (IFC AMC) and EMA Power, a joint venture between Daelim Energy and Islamic Development Bank Infrastructure Fund II, have invested US$175.5 million to finance Bangladesh-based power producer Summit Group’s future power projects in the country. IFC AMC will invest through its IFC Emerging Asia Fund. Summit Group plans to… Read More
Genesis Capital to Sell AZ KLIMA to ČEZ ESCO (CEE and CIS)
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has agreed to sell its majority stake in Czech Republic-based technical facility management and air conditioning company AZ KLIMA to Czech Republic-based energy services company ČEZ ESCO. Genesis originally acquired a 68.5 percent stake in the company through GPEF II in 2011. The transaction is subject to the signing of contractual… Read More
Equator Capital Partners Exits Satin Creditcare (Asia)
Impact fund manager Equator Capital Partners has fully exited its stake in India-based, Bombay Stock Exchange-listed microlender Satin Creditcare, returning INR2.09 billion (approximately US$31 million) through a series of open-market transactions. Equator originally invested in the company in 2010 and 2013 through ShoreCap II. The exit reportedly generated a 6x cash multiple and an internal rate of return of 45… Read More
Horizon Capital Increases Stake in Datagroup (CEE and CIS)
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has increased its holding in Ukraine-based telecommunications operator Datagroup from a minority stake to 70 percent. Following completion of the transaction, Horizon Capital has assumed operational control of the company. Financial details of the transaction were not disclosed. Read More
Permira Invests BRL500 Million in Brazil-based Software Company Mutant (Latin America)
Global private equity firm Permira and venture capital firm Technology Crossover Ventures have agreed to invest in Mutant, a Brazil-based provider of software and services to call centers, in a deal reportedly valued at BRL500 million (approximately US$153 million). The deal comes as Mutant is spinning out from its parent company, Genesys Prime, the Brazil-based arm of U.S.-based call center… Read More
African Capital Alliance Closes CAPE IV with US$570 m in Capital Commitments (Sub-Saharan Africa)
West Africa-focused private equity firm African Capital Alliance (ACA) has reached a final close for Capital Alliance Private Equity IV (CAPE IV) with US$570 million in capital commitments. Investors in the fund include public and private pension funds, sovereign wealth funds, funds of funds and development finance institutions. ACA plans to invest the fund in the business services, energy, fast-moving… Read More
Enterprise Investors Sells Scitec Nutrition to Ascendis Health (CEE and CIS)
Central and Eastern Europe-focused private equity firm Enterprise Investors, together with minority shareholders including Morgan Stanley Alternative Investment Partners, has completed the sale of a 100 percent stake in Hungary-based sports nutrition company Scitec Nutrition to South Africa-based health and care brands company Ascendis Health for EUR170 million (approximately US$192 million). Enterprise Investors originally invested in the company in 2012… Read More
UFG Private Equity Invests in Russia-based E-COM (CEE and CIS)
UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management, has acquired a minority stake in E-COM, a Russia-based provider of business process automation services in the retail sector. UFG invested from UFG Private Equity Fund III. E-COM intends to work with UFG to establish new lines of business. Financial details of the… Read More
SeaLink and IFC Complete INR1 Billion Series C Investment in NephroPlus (Asia)
MC Payment, a Singapore-based financial technology company, has raised SGD6 million (approximately US$4.4 million) in a Series B funding round led by Asia-focused private equity firm ESW Manage and private investment firm DZW Capital. Private equity firm Golden Equator Capital also participated in the round. MC Payments plans to use the new capital to finance its expansion into Australia and… Read More