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The Abraaj Group Raises MXN3.2 Billion with Aditya Birla Group (Asia, Latin America)
Global growth markets investor The Abraaj Group has closed on the issuance of MXN3.2 billion (approximately US$191 million) of Mexican publically traded certificates, or CKD (Certificado de Capital de Desarrollo). The Mexico-focused CKD will invest in mid-sized businesses in the retail, consumer goods, healthcare, education, logistics and financial services sectors. Separately, Abraaj has partnered with Aditya Birla Group, an India-based… Read More
Anchor Equity Partners Reaches a Final Close for Its Second Fund (Asia)
South Korea-focused Anchor Equity Partners has reached a final close for its second fund with US$850 million in capital commitments. The fund, which focuses on buyout, growth capital and industry consolidation opportunities, surpassed its target of US$750 million. Read More
Gaja Capital Invests INR650 Million in SportzVillage (Asia)
India-focused private equity firm Gaja Capital has invested INR650 million (approximately US$9.9 million) in India-based Junior Sports and Services, operator of sports and fitness education company SportzVillage. The transaction was structured through Gaja Capital III. The company plans to use the new capital to expand its operations within India. Read More
RRJ Capital Master Fund III Reaches a Final Close with US$4.5 Billion in Capital Commitments (Asia)
Asia-focused private equity firm RRJ Capital has reached a final close for its third fund, RRJ Capital Master Fund III, with US$4.5 billion in capital commitments. The fund invests globally, with an emphasis on China and Southeast Asia. A series of pension funds committed to the fund, including: US$150 million each from New Jersey Division of Investment and Oregon Public… Read More
Helios Investment Partners Provides a Debt Facility (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners has provided a debt facility to Nigeria-based marine logistics company Starzs Investments Company. Starzs has made an initial drawdown of the debt facility to acquire MV Varada Queen, a terminal tugboat that Starzs has been operating on a lease-purchase agreement since 2013. Financial details of the transaction were not disclosed. Read More
Capitalworks Acquires a Majority Stake in Robertson and Caine for US$25 Million (Sub-Saharan Africa)
Sub-Saharan Africa-focused alternative asset management firm Capitalworks has acquired a majority stake in South Africa-based boat manufacturer Robertson and Caine for US$25 million. The investment was made alongside Robertson and Caine co-founder John Robertson. The transaction was structured through Capitalworks Private Equity Fund II. Read More
Ecus Private Equity Exits Chile-based Albia to Elis (Latin America)
Chile-focused fund manager Ecus Private Equity has sold its stake in Chile-based laundry company Albia to Elis, a multi-services group based in Europe and Brazil that specializes in the rental and maintenance of professional clothing and textile articles. Albia operates eight laundry facilities in Chile and has commercial clients in the healthcare, hospitality and mining industries. Financial details of the… Read More
Parag Milk Foods Raises INR600 Million in Pre-IPO Funding from IDFC Alternatives (Asia)
India-based dairy company Parag Milk Foods has raised INR600 million (approximately US$9 million) in a pre-initial public offering (IPO) financing round from existing investor IDFC Alternatives, an India-focused private equity firm. IDFC subscribed to 60 million convertible debentures at INR10 (approximately US$0.14) apiece. The transaction, which was structured through IDFC’s S.P.I.C.E. Fund, is subject to a one year lock-up period. Read More
The Abraaj Group Invests US$100 Million in Egypt-based Tiba Group (MENA)
Global growth markets investor The Abraaj Group has invested a reported US$100 million in Egypt-based education service provider Tiba Group. The transaction was structured through Abraaj North Africa Fund II. The company will use the funds to enhance its curricula, upgrade its facilities, increase enrollment and expand its partnerships. Read More
Creation Investments Capital Management and Everstone Capital Invest INR1 Billion (Asia)
India-based agri-logistics service provider Sohan Lal Commodity Management (SLCM) has raised an INR1 billion (approximately US$15 million) funding round led by alternative investment management firm Creation Investments Capital Management and India-focused private equity firm Everstone Capital, which is an existing investor in the company. SLCM plans to use the new capital to grow its non-banking finance company Kissandhan and to… Read More
Investisseurs&Partenaires Leads Funding Rounds for Enval Laboratoire &PEG Africa(Sub-Saharan Africa)
Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) has led minority stake investments in two companies: Enval Laboratoire, a Côte d'Ivoire-based physic-chemical and microbiological analysis company, and PEG Africa, a Ghana-based asset finance company selling solar energy products to off-grid customers. Financial details of the Enval transaction, in which a local commercial bank participated with I&P, were not disclosed.… Read More
Northgate Capital Raises MXN4 Billion for a Debt CKD Fund (Latin America)
Global private equity and venture capital fund manager Northgate Capital has completed a MXN4 billion (approximately US$234 million) quasi-equity/mezzanine CKD (Certificado de Capital de Desarrollo) offer through the Mexican Stock Exchange. The CKD fund will make debt structured transactions with medium-sized Mexican companies that require financing for capital expenditure, strategic acquisitions, operation expansions, debt restructuring or equity reconfiguration. Read More