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InvAscent’s India Life Sciences Fund II Invests in Biorad Medisys (Asia)
India-focused private equity firm InvAscent has invested INR500 million (approximately US$7.4 million) in India-based medical device manufacturer Biorad Medisys. The transaction was structured through India Life Sciences Fund II. Biorad Medisys, which makes orthopedic implants for knee and hip replacements and disposable surgical devices used in radiology procedures, will use the new capital for expansion and acquisitions. Read More
Flint Capital Invests EUR1 Million in Consumer Finance Company Creamfinance (CEE and CIS)
Venture capital firm Flint Capital has invested EUR1 million (approximately US$1.1 million) for a minority stake in Poland-based consumer finance services provider Creamfinance. Flint Capital is an existing investor in the company, having originally backed the company in 2014. The firm plans to support Creamfinance’s expansion into Scandinavian markets. Creamfinance uses algorithms and machine learning to offer customizable personal loans… Read More
The Abraaj Group Acquires Themis Energy to Form an Energy Development Arm (Sub-Saharan Africa)
Global growth markets investor The Abraaj Group has acquired Turkey-based Themis Energy, an Africa-focused energy project development company. Themis will form The Abraaj Group’s dedicated project development arm, supporting energy infrastructure projects from concept to operation across target markets. Financial details of the transaction were not disclosed. Read More
NewQuest Asia Fund III Reaches a First Close with More than US$500 Million in Commitments (Asia)
Direct secondaries fund manager NewQuest Capital Partners has reached a first close for its third fund, NewQuest Asia Fund III, with more than US$500 million in capital commitments. The fund, which has a hard cap of US$520 million, has already exceeded its initial target. NewQuest Asia Fund III will focus on direct secondary deals in the Asia-Pacific region. Read More
Equator Capital Partners Acquires a Minority Stake in Fortis Microfinance Bank (Sub-Saharan Africa)
Impact fund manager Equator Capital Partners has acquired a minority stake in Nigeria-based commercial lender Fortis Microfinance Bank. The transaction was structured through Equator Capital Partners’ fund ShoreCap II. Financial details of the transaction were not disclosed. Read More
Lakeshore Capital Partners Invests in ReadyPlanet (Asia)
Thailand-focused private equity firm Lakeshore Capital Partners has invested in Thailand-based digital marketing company ReadyPlanet. The transaction was structured through Lakeshore Capital Fund I. ReadyPlanet intends to use the new capital to support its move from the enterprise market to the retail market. Financial details of the transaction were not disclosed. Read More
Hony Capital Leads a CNY500 Million Series B Round for Linmon Pictures (Asia)
China-focused private equity fund manager Hony Capital has led a CNY500 million (approximately US$77 million) Series B financing round for China-based boutique entertainment studio Linmon Pictures. Investment holding company Tencent Holding and philanthropic organization Mango V Foundation also participated in the round. Linmon Pictures plans to use the new capital to expand its TV productions and add more entertainment products… Read More
Aqua Capital Raises US$188 Million for Its Second Fund (Latin America)
Aqua Capital, a private equity firm focused on growth investments in mid-market companies in Latin America, has held a first close for its second fund, Agribusiness Latin America Fund II, with US$188 million in capital commitments. Investors in the fund included United States-based endowment University of Texas Management Company and development finance institution DEG. The fund, which is reportedly targeting… Read More
Helios Investment Partners Agrees to Exit HTN Towers to IHS Towers (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners has agreed to sell its stake in Nigeria-based telecommunications tower company Helios Towers Nigeria (HTN Towers) as part of Africa-focused mobile telecommunications infrastructure provider IHS Towers’ acquisition of a 100% stake in the company. Other sellers in the transaction include South Africa-based holding company Pembani Group and Nigeria-based lender First City Monument Bank.… Read More
21 Concordia Backs Poland-based Laundry Service Provider Hollywood (CEE and CIS)
21 Concordia, a Poland-focused private equity firm affiliated with 21 Partners, has invested in Poland-based business to business laundry service provider Hollywood. With 21 Concordia's support, Hollywood plans to grow its business in Poland and enter new market segments and geographies. Financial details of the transaction were not disclosed. Read More
AfricInvest Invests in Silafrica Plastics and Packaging International (Sub-Saharan Africa)
Pan-African private equity firm AfricInvest has invested in Tanzania-based plastics manufacturer Silafrica Plastics and Packaging International (Silafrica). The transaction was structured through AfricInvest Fund III. Silafrica, which has a presence in Tanzania, Kenya, Ethiopia, Uganda and India, will use the new capital to expand both its product range and its geographic presence in Africa. Financial details of the transaction were… Read More
InQuba Receives an Investment from Convergence Partners (Sub-Saharan Africa)
Africa-focused investment management firm Convergence Partners has acquired a minority stake in South Africa-based customer experience software provider InQuba. The transaction was structured through Convergence Partners Fund I. InQuba will use the new funds to expand its presence and to enhance its product offering. Financial details of the transaction were not disclosed. Read More