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Al Masah Capital Acquires a Majority Stake in Sabari Indian School (MENA)
MENA- and Southeast Asia-focused alternative investment management firm Al Masah Capital has acquired a majority stake in United Arab Emirates-based Sabari Indian School, a primary school with a total capacity of 900 students from kindergarten to grade 12. The transaction was structured through Al Masah Capital’s education-focused private equity platform Al Najah Education. The acquisition is part of the firm’s… Read More
Nexus Group Partially Exits Peru-based Cineplex (Latin America)
Peru-focused private equity firm Nexus Group has sold a 9.94 percent stake in Cineplex, a Peru-based company that owns and operates cinema chain Cineplanet. Nexus Group, which is a shareholder in Cineplex via its subsidiary Nexus Films, continues to hold a 90.5 percent stake in the company. Financial details of the transaction were not disclosed. Read More
Golden Gate Ventures Invests More Than US$6 Million in Six Companies (Asia)
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has invested more than US$6 million across six companies in Thailand, Indonesia and Malaysia. The Thailand-based companies that received investment were Claim Di, a mobile application for facilitating claims between drivers and insurance companies, and Stamp, a third-party identity verification company. In Indonesia, Golden Gate Ventures backed Alodokter, an online health… Read More
Warburg Pincus to Inves Apteki Gemini;China Huarong Asset Management Completes an IPO (CEE and CIS)
Global private equity firm Warburg Pincus has agreed to invest in Poland-based pharmacy company Apteki Gemini. The new capital will be used to expand the company’s traditional and e-commerce business. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Separately, Warburg Pincus-backed China Huarong Asset Management, a China-based distressed debt manager, has raised HKD17.8 billion… Read More
Adenia Partners Exits Madagascar-based Hôtel du Louvre (Sub-Saharan Africa)
Sub-Saharan Africa-focused private equity firm Adenia Partners has exited Hôtel du Louvre, a business hotel located in Antananarivo, Madagascar, to a group of undisclosed local investors. The transaction was structured through Adenia Capital I. Adenia originally invested in the company in 2006. Financial details of the transaction were not disclosed. Read More
ReNew Power Raises US$265 Million from GEF, Goldman Sachs and Abu Dhabi Investment Authority (Asia)
India-based clean energy company ReNew Power Ventures has raised US$265 million in a round of funding from global alternative asset manager Global Environment Fund (GEF), the private equity arm of investment bank Goldman Sachs and sovereign wealth fund Abu Dhabi Investment Authority (ADIA). GEF invested up to US$15 million, while Goldman Sachs contributed US$50 million. ADIA, which led the round,… Read More
The Carlyle Group and Vinci Partners to Invest in Brazil-based Uniasselvi (Latin America)
Global alternative asset manager The Carlyle Group and Brazil-focused alternative investment and asset management firm Vinci Partners have agreed to invest in Brazil-based education company Uniasselvi, a subsidiary of Kroton Educacional. The transaction will be structured through Carlyle’s South America Buyout Fund and Fundo Brasil de Internacionalização de Empresas II FIP (FBIE), a local fund advised by Carlyle and Banco… Read More
Axxon Group Closes Axxon Brazil Private Equity Fund III (Latin America)
Axxon Group, a private equity firm that focuses on small and mid-cap companies in Brazil, has reached a final close for its Axxon Brazil Private Equity Fund III with US$400 million in capital commitments, exceeding its US$350 million target. Investors in the fund include endowments, foundations, public and private pension funds, financial institutions, advisors, family offices and funds of funds… Read More
Hera Capital Exits Its Stake in ActSocial to Linkfluence (Asia)
Southeast Asia-focused private equity investor Hera Capital has agreed to sell its stake in China and Singapore-based social media analytics company ActSocial to Linkfluence, a France-based social media analytics company. The transaction took place as part of Linkfluence’s acquisition of the company. Hera originally invested in ActSocial in 2013. Financial details of the transaction were not disclosed. Read More
BTG Pactual Agrees to Partially Exit Brazil-based Bravante to Existing Shareholders (Latin America)
Latin America-focused investment bank BTG Pactual’s private equity arm has agreed to reduce its stake in Brazil-based Bravante, a service provider for offshore oil platforms, from 47 percent to 10 percent via a sale to existing shareholders in the company. BTG Pactual originally invested in Bravante in 2010. Financial details of the transaction were not disclosed. Read More
Mid Europa Partners Agrees to Increase Its Stake in Walmark to 100 Percent (CEE and CIS)
Mid Europa Partners, a private equity firm focused on Central Europe and Turkey, has agreed to increase its stake in Czech Republic-based consumer healthcare company Walmark to 100 percent. Mid Europa, which originally acquired a 50 percent stake in the company in 2012, is buying the remaining stake from the company’s founding Walach family. Financial details of the transaction, which… Read More
Phatisa Agrees to Develop Izuba City with Kigali Batsinda Estate (Sub-Saharan Africa)
Private equity fund manager Phatisa has entered into an agreement with Rwanda-based real estate developer Kigali Batsinda Estate to develop Izuba City, a 300-unit housing complex in Rwanda. The investment will be structured through the Pan African Housing Fund, a real estate fund managed by Phatisa. Financial details of the transaction were not disclosed. Read More