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Synergy Capital Reaches a Final Close for Synergy Private Equity Fund I (Sub-Saharan Africa)
Nigeria- and Ghana-focused private equity firm Synergy Capital has reached a final close on its fund, Synergy Private Equity Fund I (SPEF), with US$100 million in capital commitments. SPEF has a total of 12 investors, including four development finance institutions, seven commercial investors and one sovereign wealth fund. To date, SPEF has deployed more than 20 percent of its capital… Read More
The Carlyle Group, Actis, Sequoia Capital and GIC to Exit Keystone Lodging Holdings (Asia)
Global alternative asset manager The Carlyle Group, pan-emerging markets private equity firm Actis, global venture capital firm Sequoia Capital and the Government of Singapore’s sovereign wealth fund GIC have agreed to exit China-based Keystone Lodging Holdings, parent of hotel company 7 Days Group, in the company’s acquisition by China-based hotel company Shanghai Jin Jiang International Hotels. Jin Jiang will acquire… Read More
The Carlyle Group, Actis, Sequoia Capital and GIC to Exit Keystone Lodging Holdings (Asia)
Global alternative asset manager The Carlyle Group, pan-emerging markets private equity firm Actis, global venture capital firm Sequoia Capital and the Government of Singapore’s sovereign wealth fund GIC have agreed to exit China-based Keystone Lodging Holdings, parent of hotel company 7 Days Group, in the company’s acquisition by China-based hotel company Shanghai Jin Jiang International Hotels. Jin Jiang will acquire… Read More
Enterprise Investors to Acquire Poland-based SMT Software Services for EUR36.1 Million (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital firm Enterprise Investors has agreed to acquire Poland-based software company SMT Software Services for EUR36.1 million (approximately US$41 million), in a carve-out transaction from Poland-based holding company SMT. The transaction will be structured through Enterprise Investors’ Polish Enterprise Fund VII. Enterprise Investors will merge SMT Software Services with its existing portfolio… Read More
21 Concordia Reaches a Final Close for Its Debut Fund in Capital Commitments (CEE and CIS)
21 Concordia, the Poland-focused arm of private equity firm 21 Partners, has held a second and final close for its debut fund with EUR100 million (approximately US$113 million) in capital commitments. The fund focuses on investments in small and medium-sized companies with annual revenues between EUR10 million to EUR50 million (approximately US$11 million to US$56 million). The fund began investing… Read More
TPG/Satya to Invest MAD250 Million in Morocco-based Ecoles Yassamine (MENA)
TPG/Satya–the Africa-focused partnership between TPG’s middle market and growth equity platform TPG Growth and Africa-focused, independent investment firm Satya Capital –has agreed to invest a reported MAD250 million (approximately US$26 million) for a minority stake in Morocco-based private school network Ecoles Yassamine. The company intends to use the new capital to grow its network of schools and expand its educational… Read More
Warburg Pincus, Legend Capital and CAR to Invest US$550 Million in UCAR Group (Asia)
Global private equity firm Warburg Pincus, Legend Holdings' independent venture capital unit Legend Capital and China-based auto car rental company CAR are participating in a US$550 million Series B funding round for UCAR Group, a China-based mobile taxi booking service provider. Warburg Pincus, Legend Capital and CAR are existing shareholders of the company. CAR will invest US$50 million, while Warburg… Read More
Advent International to Acquire Stake in Diagnostic Services Provider Fleury (Latin America)
Global private equity investor Advent International has agreed to acquire a 13 percent stake in Fleury, a Brazil-based diagnostic services provider, from a group of physicians. The transaction is subject to closing conditions and is expected to be completed in the fourth quarter of 2015. Financial details of the transaction were not disclosed. Read More
Blackstone to Acquire a Majority Stake in Serco’s India-based BPO Unit for GBP250 Million (Asia)
Global investment firm Blackstone has agreed to acquire a majority stake in the India-based business process outsourcing (BPO) unit of global public services provider Serco for GBP250 million (approximately US$385 million). Post-acquisition, the unit will be rebranded as “Intelenet Global Services.” The sale is expected to be completed in the coming months, subject to customary closing conditions and approvals. Read More
Everstone Capital Partners III Reaches a Final Close with US$730 Million in Commitments (Asia)
India- and Southeast Asia-focused private equity and real estate investment firm The Everstone Group has closed its third India-focused private equity fund, Everstone Capital Partners III, with US$730 million in capital commitments. Limited partners in the fund, which included public pensions, insurance companies, endowments and asset managers, committed US$700 million to the fund, while Everstone and its affiliates committed the… Read More
Actis Exits Globeleq Africa to CDC Group and Norfund (Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis has sold its stake in Globeleq Africa, a manager of electricity-generating assets across Cameroon, Tanzania, Côte d’Ivoire, Kenya and South Africa, to a company owned by development finance institutions CDC Group and Norfund. Through the transaction, Norfund acquired a 30 percent stake in Globeleq Africa for US$227 million, while CDC—already a majority indirect shareholder… Read More
ThomasLloyd Group Sells Philippines-based Negros Island Solar Power to Macquarie-managed PINAI(Asia)
ThomasLloyd Group, a global investment and advisory firm focused on the renewable energy sector in Asia, has sold Philippines-based solar power generation company Negros Island Solar Power to Philippine Investment Alliance for Infrastructure (PINAI), a fund managed by Macquarie Infrastructure Management (Asia), a member of Macquarie Infrastructure and Real Assets. The transaction was structured through ThomasLloyd SICAVSIF-Cleantech Infrastructure Fund. Financial… Read More