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Kibo Capital Partners and Velogic Back Kenya-based General Cargo Group (Sub-Saharan Africa)
Kibo Capital Partners, a fund manager focused on Eastern and Southern Africa and the islands of the Indian Ocean, and Velogic, a Mauritius-based logistics company, have invested in Kenya-based logistics service provider General Cargo Group. The transaction was structured through Kibo Fund II. Financial details of the transaction were not disclosed. Read More
SSG Capital Management Agrees to Acquire a 40 Percent Stake in Future Supply Chain Solutions (Asia)
Asia-focused asset management firm SSG Capital Management has agreed to acquire a 40 percent stake in India-based supply chain and logistics company Future Supply Chain Solutions for up to INR5.8 billion (approximately US$87 million) from parent company Future Retail and Li & Fung Group’s private equity arm Fung Capital. Fung Capital will sell its entire 26 percent stake while Future… Read More
HIG Capital Closes Brazil and Latin America Fund with US$740 Million in Commitments (Latin America)
Global private investment firm H.I.G. Capital has reached a final close for H.I.G. Brazil & Latin America Partners with US$740 million in capital commitments, exceeding its US$600 million target. The fund will focus on buyout and growth investments in lower middle-market companies in Latin America, especially Brazil. Read More
Practica Capital Invests EUR1 Million in Softneta (CEE and CIS)
Lithuania-focused venture capital firm Practica Capital has invested EUR1 million (approximately US$1.1 million) in Lithuania-based health care software company Softneta. The transaction was structured through Practica Venture Capital. Softneta, which provides software-based specialized health care solutions to improve the quality of patient care, will use the new funds to improve its software products and hire new employees. Read More
3TS Capital Partners Invests EUR1 Million in Marketizator (CEE and CIS)
CEE-focused venture capital firm 3TS Capital Partners has invested EUR1 million (approximately US$1.1 million) in Romania-based marketing consultancy Marketizator. The transaction was structured through Catalyst Romania. Marketizator, which specializes in website conversion rate optimization, will use the new capital to expand geographically. Read More
Actera Group Agrees to Sell Its Stake in Mars Cinema Group (CEE and CIS)
Turkey-focused private equity firm Actera Group has agreed to sell its stake in Turkey-based cinema operator Mars Cinema Group to Korea-based global cinema operator CJ CGV. The exit is part of CJ CGV’s acquisition of the company at an enterprise value of US$800 million. Other sellers in the transaction include Esas Holding, a family office, and individual shareholders Muzaffer Yildirim… Read More
Blackstone to Acquire a Majority Stake in India-based Mphasis (Asia)
Global investment firm Blackstone will acquire a majority stake in India-based information technology (IT) outsourcing services provider Mphasis. As part of the deal, United States-based IT company Hewlett Packard Enterprises (HPE), will sell at least 84 percent of its total 60.5 percent holding in Mphasis to Blackstone. Blackstone has also made an open offer to buy a 26 percent stake… Read More
Mediterrania Capital Partners Acquires a 43 Percent Stake in Cieptal Cars (MENA)
North Africa-focused private equity firm Mediterrania Capital Partners has acquired a 43 percent stake in Algeria-based long-term car rental company Cieptal Cars. The transaction was structured through Mediterrania Capital II. The company, which owns a fleet of 761 cars, focuses on corporate clients, primarily from the oil and gas sector. With the new investment, Cieptal Cars plans to accelerate its… Read More
Garena Interactive Raises US$170 Million from Khazanah Nasional and Tencent Holdings (Asia)
Singapore-based mobile internet and gaming platform Garena Interactive Holding has raised a US$170 million Series D financing round from Khazanah Nasional—an investment fund controlled by the Malaysian government—and China-based internet company Tencent Holdings. The investment reportedly valued the company at more than US$3.75 billion. Garena plans to use the fresh capital to build its digital content, e-commerce and online payment… Read More
Helios Investment Partners Acquires Crown Agents Bank and Investment Management (Emerging Markets)
Africa-focused private investment firm Helios Investment Partners has acquired 100 percent of emerging markets-focused financial services companies Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) following the receipt of regulatory approvals. The transactions were structured through Helios Investors III. CAB and CAIM provide payments, trade finance, foreign exchange and investment management services to frontier and emerging markets, primarily… Read More
NBK Capital Partners Invests in Saudi Arabia-based Amo Hamza (MENA)
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa region, has invested in Saudi Arabia-based seafood restaurant chain Amo Hamza. The transaction was structured through NBK Capital Equity Partners Fund II. Financial details of the transaction were not disclosed. Read More
The Carlyle Group Acquires GP Investments’ Remaining Stake in Tempo Participações (Latin America)
Global alternative asset manager The Carlyle Group has acquired a stake in Brazil-listed specialized support and call center services company Tempo Participações from Latin America-focused alternative investment firm GP Investments as part of Carlyle’s delisting of the company. GP Investments originally invested in the company in January 2007 in a transaction structured through its fund GP Capital Partners III. Carlyle,… Read More