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Harith General Partners Invests in NOVO Energy (Sub-Saharan Africa)
Pan-African infrastructure fund manager Harith General Partners has invested in NOVO Energy, a South Africa-based power and technology company that supplies alternative fuel technologies and services in Africa. Harith structured the transaction through Pan African Infrastructure Development Fund 2. Financial details of the transaction were not disclosed. Read More
Actis Backs l’Université Mundiapolis (MENA)
Global growth markets investor Actis has invested in Morocco-based private university l’Université Mundiapolis de Casablanca. Mundiapolis will use the investment to enhance the quality of its education and develop its international presence. Financial details of the transaction were not disclosed. Read More
Maiyas Beverages and Foods Raises INR2 Billion from Peepul Capital and Ascent Capital (Asia)
India-focused private equity firms Peepul Capital and Ascent Capital have invested INR2 billion (approximately US$30 million) in India-based packaged foods company Maiyas Beverages and Foods. Peepul contributed about 80 percent of the total transaction amount, while Ascent contributed the remainder. The company will reportedly use the new capital to build a portfolio of products under the Maiyas brand targeted at… Read More
SaferPass Raises an EUR1 Million Seed Round Led by LRJ Capital and Neulogy Ventures (CEE and CIS)
SaferPass, a Slovakia-based developer of online identity, security and password management products, has closed an EUR1 million (approximately US$1.1 million) seed round led by venture capital firms LRJ Capital and Neulogy Ventures, with participation from a group of global angel investors. SaferPass will use the funds for continued development of privacy products and features and for global distribution of core… Read More
Phatisa to Develop a Residential Property in Zambia (Sub-Saharan Africa)
Private equity fund manager Phatisa and Zambia-based real estate company Camland Estate have entered into an agreement to develop a middle income residential property in Lusaka, Zambia. The transaction will be structured through Phatisa’s Pan African Housing Fund. The development, to be named Camland Villas, is a multi-phase, build-to-sell project consisting of 310 two- and three-bedroom homes. Financial details of… Read More
Mekong Capital Closes Mekong Enterprise Fund III with US$112 Million in Capital Commitments (Asia)
Vietnam-focused private equity firm Mekong Capital has closed its latest fund, Mekong Enterprise Fund III, with US$112 million in capital commitments. Investors in the fund included development finance institutions FMO and International Finance Corporation, which committed US$17.5 million and US$15 million, respectively. The fund will target both minority and buyout investments in consumer-driven sectors in Vietnam, with typical investments ranging… Read More
Fajr Capital Acquires Food and Beverage Platform Cravia Group (MENA)
Middle East- and Asia-focused private equity firm Fajr Capital has acquired Cravia Group, a United Arab Emirates-based food and beverage company with a presence in Bahrain, Saudi Arabia and Qatar. The company operates franchises including: Zaatar w Zeit, Cinnabon, Seattle's Best Coffee, Carvel and Five Guys. The company plans to use the new investment to accelerate its immediate growth plans,… Read More
The Carlyle Group Invests in Mazarine Energy (MENA)
Global alternative asset manager The Carlyle Group has invested in Mazarine Energy, an upstream oil and gas company with existing assets in Tunisia. Carlyle will also grant Mazarine Energy access to an equity line of up to US$500 million to fund future bolt-on acquisitions, focusing on conventional exploration, development and production opportunities in Europe, Africa and the broader Mediterranean region.… Read More
Properati Raises US$2m from NEVEQ Capital Partners, NXTP Labs & Telor International (Latin America)
Properati, an Argentina-based online and mobile platform for the Latin American real estate market, has received a US$2 million investment from venture capital firm NEVEQ Capital Partners, accelerator and seed fund NXTP Labs and private company Telor International. NEVEQ structured its contribution through NEVEQ II. Properati plans to use the new funds to expand and consolidate its regional presence in… Read More
CITIC Capital Partners Agrees to Exit Packaging Materials Company Tri-Wall Holdings to Rengo (Asia)
CITIC Capital Partners, the private equity arm of CITIC Capital, has agreed to sell its entire 67.1 percent stake in Hong Kong-based packaging materials company Tri-Wall Holdings to Japan-based packaging manufacturer Rengo for a reported US$222 million. CITIC originally invested in Tri-Wall in a transaction structured through CITIC Capital Partners Japan funds and CITIC Capital Partners International funds. The transaction,… Read More
Capital Float Raises US$25m from Creation Investments, Aspada, SAIF Partners & Sequoia Capital(Asia)
India-based online lending platform Capital Float has raised a US$25 million Series B financing round led by Creation Investments Capital Management, an investment management firm with a focus on financial services. India-focused investment firm Aspada and venture capital firms SAIF Partners and Sequoia Capital also participated in the round. Capital Float plans to use the new capital to expand its… Read More
Warburg Pincus Invests in China-based Hospital Chain UIB (Asia)
Global private equity firm Warburg Pincus has completed an investment in UIB, a China-based obstetrics, gynecology (OB/GYN) and pediatrics hospital chain. The transaction was structured through Warburg Pincus XII. The investment will accelerate UIB’s development and expansion of its business offerings in the OB/GYN and pediatrics sector. Financial details of the transaction were not disclosed. Read More