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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
Andreessen Horowitz Leads a Series A Financing Round for Branch International (Sub-Saharan Africa)
Branch International, a financial technology company focused on Sub-Saharan Africa, has raised US$9.2 million in a Series A funding round led by venture capital firm Andreesen Horowitz. Impact investor Khosla Impact Fund and venture capital firm Formation 8, both existing investors in the company, also participated in the round. Branch provides customers financial services over their mobile phones and collects… Read More
Abris Acquires a Majority Stake in Poland-based Industrial Division (CEE and CIS)
CEE and CIS-focused mid-market private equity firm Abris Capital Partners has acquired a majority stake in Poland-based railway services company Industrial Division. In partnership with Abris, Industrial Division plans to increase the size of its operations in markets where it is currently active and enter the passenger services segment. Financial details of the transaction were not disclosed. Read More
Yiguo Raises a Series C Funding Round from KKR and Alibaba Group (Asia)
China-based fresh food e-commerce platform Yiguo has raised a Series C financing round from global investment firm KKR and China-based e-commerce company Alibaba Group, an existing investor in Yiguo. KKR’s portion of the investment was structured through KKR China Growth Fund. Yiguo, which sells seafood and fruit online, plans to use the new funds to expand its customer base, develop… Read More
AfricInvest Backs Outsourcia Group (MENA)
Pan-African private equity firm AfricInvest has invested in Morocco-based customer relationship management and business process outsourcing provider Outsourcia Group. The transaction was structured through Maghreb Private Equity Fund III. AfricInvest aims to support Outsourcia in bringing its corporate development initiative, “Acquire and Migrate,” to other regions of Africa. Financial details of the transaction were not disclosed. Read More
Lok Capital’s Fund Sarva Capital Leads a Series A Round for Veritas Finance (Asia)
Veritas Finance, an India-based financial services provider for micro and small enterprises, has raised an INR300 million (approximately US$4.5 million) Series A funding round led by Sarva Capital, a fund managed by India-based venture capital firm Lok Capital. India-focused impact investment firm Caspian Impact Investment Adviser also participated in the round. Veritas Finance plans to use the new capital to… Read More
Duet Group Agrees to Invest US$18.6 Million in Kenya-based Fidelity Bank (Sub-Saharan Africa)
Alternative asset management firm Duet Group has agreed to invest approximately US$18.6 million in Kenya-based lender Fidelity Bank. Fidelity Bank intends to use the financing to improve its capital base and expand regionally. The bank is looking to double the size of its branch network from 14 locations predominantly in Nairobi and Mombasa to 28 locations across East Africa by… Read More
Synergy Capital Managers Backs Suburban Fiber Company (Sub-Saharan Africa)
Nigeria- and Ghana-focused private equity firm Synergy Capital Managers has invested in Nigeria-based broadband communications provider Suburban Fiber Company. The transaction was structured through Synergy Private Equity Fund I. With Synergy Capital’s backing, Suburban Fiber plans to attract new customers by investing in network expansion, marketing, bandwidth and content. Financial details of the transaction were not disclosed. Read More
Vision Knight Capital Leads a US$20 Million Series B Round for Online Shopping Platform Ezbuy (Asia)
Private equity and venture capital firm Vision Knight Capital has led a US$20 million Series B financing round for Singapore-based Ezbuy, an online shopping platform formerly known as 65daigou. Other investors in the round included existing backers IDG Ventures and China Growth Capital. Ezbuy will use the fresh funds to expand the company's market share in Southeast Asia and to… Read More
The Riverside Company Agrees to Sell Hungary-based Diatron Group (CEE and CIS)
Global private equity firm The Riverside Company has agreed to sell Hungary-based hematology analyzer systems manufacturer Diatron Group to Germany-based clinical diagnostics and biotechnology company STRATEC Biomedical. Riverside originally invested in Diatron in 2005. Diatron develops, manufactures and markets compact hematology analyzers for the human medical and veterinary markets. Financial details of the transaction, which is expected to close by… Read More
CMC Capital Partners and FountainVest Partners Partially Exit IMAX China (Asia)
Private equity firms CMC Capital Partners and FountainVest Partners have sold 20 million shares in Hong Kong-listed cinema company IMAX China via a block trade on the Hong Kong Stock Exchange. The sale was part of an agreement in which CMC and FountainVest extended the lock-up period for their remaining stakes an additional three months from the previously agreed date… Read More