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Amethis Finance Invests in Ramco Plexus (Sub-Saharan Africa)
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired one-third of Kenya-based printing and packaging group Ramco Plexus, a consortium of nine companies that are part of manufacturing, trading and services conglomerate Ramco Group. The acquisition will help consolidate Ramco Group’s printing and packaging activities, as well as support Ramco’s regional expansion.… Read More
AIF Capital- and Orchid Asia-backed Nirvana Asia Raises HKD2 Billion in a Hong Kong IPO (Asia)
Malaysia-based death care service provider Nirvana Asia has completed an initial public offering (IPO) on the Hong Kong Stock Exchange. Nirvana issued 674.7 million shares at HKD3 (approximately US$0.39) per share, raising HKD2 billion (approximately US$261 million) in IPO proceeds. Private equity firms Orchid Asia and AIF Capital Asia, which invested in Nirvana through Orchid Asia V and AIF Capital… Read More
PC Capital Management Announces a First Close on Mexico Development Fund I (Latin America)
Private equity firm PC Capital Management has reached a first close on its latest fund, Mexico Development Fund I. The fund will target US$1 million to US$10 million investments in growth equity and mezzanine opportunities in Mexico. Investors in the fund included the Inter-American Development Bank, CAF Development Bank of Latin America and investment firm Promotora Social México. Read More
Gávea Investimentos Holds a US$1.1 Billion Final Close (Latin America)
Brazilian private equity firm Gávea Investimentos has reached a final close on its latest fund, Gávea Investimentos V, with US$1.1 billion in capital commitments. Investors in the fund included Kentucky Teachers’ Retirement System, Swedish national pension fund the Second AP Fund and fund of fund The Endowment Master Fund. Read More
Gulf Capital Invests in Amana Healthcare (MENA)
Middle East-focused alternative asset manager Gulf Capital has invested in United Arab Emirates-based Amana Healthcare, a provider of long-term medical care and post-acute rehabilitation services to United Arab Emirates nationals. Financial details of the transaction were not disclosed. Read More
Linkstreet Learning Raises Series A Funding from Faering Capital (Asia)
India-based Linkstreet Learning, a cloud start-up that offers video-based learning and collaboration solutions to individuals and organizations, has raised a Series A financing round from India-focused private equity firm Faering Capital. The company intends to use the funds for product and business development. Financial details of the transaction were not disclosed. Read More
Sarona Asset Management Closes Its Second Emerging Markets Fund of Funds in Commitments (Global)
Private equity firm Sarona Asset Management has held a final close for Sarona Frontier Markets Fund 2 with US$150 million in capital commitments. Investors included institutional investors, family offices and high-net-worth individuals. Sarona Frontier Markets Fund 2 targets locally-based private equity funds across Africa, Asia and Latin America and has already completed seven primary fund investments and two fund investments… Read More
Vantage Mezzanine Fund II Commits to Simba Properties Investment Company (Sub-Saharan Africa)
Africa-focused mezzanine investor Vantage Capital has provided US$10 million worth of financing to Uganda-based Simba Properties Investment Company, the property investment arm of Simba Group, which houses three operating properties and two properties under development. The transaction was structured through Vantage Mezzanine Fund II. Simba Group’s three operating properties are a 70 bed luxury hotel; a five story office block… Read More
Consortium Including Hony Capital, Goldman Sachs and CPPIB Agree to Invest in Neusoft (Asia)
China-focused private equity firm Hony Capital, global investment bank Goldman Sachs, IT solutions provider Neusoft Holdings, global investment management organization Canada Pension Plan Investment Board (CPPIB), venture capital firm Frontline BioVentures and others have agreed to invest US$614 million in two medical subsidiaries of China-based IT services provider Neusoft. The consortium will invest RMB1.6 billion (approximately US$260 million) and purchase RMB1.13… Read More
Badia Impact Fund and Jabbar Internet Group Invest US$2 Million in ArabiaWeather (MENA)
Badia Impact Fund, part of the global group of venture funds managed by Silicon Badia, has led a US$2 million financing round for Jordan-based provider of weather products and services ArabiaWeather. Existing investors including technology company Jabbar Internet Group, early-stage investor Dash Ventures and angel fund MENA Venture Investments also participated in the round. The company seeks to expand its… Read More
The National Investor-led Consortium Acquires a 50 Percent Stake in National Catering Company (MENA)
Investment management and advisory firm The National Investor has led a consortium of investors in the acquisition of a 50 percent stake in United Arab Emirates-based National Catering Company (NCC), a private sector industrial catering and facility management business. The company intends to replicate its business model across the Gulf Cooperation Council region. Financial details of the transaction were not… Read More
BlackRock Private Equity Partners Leads a US$300 Million Financing Round for Coupang (Asia)
Global investment management company BlackRock Private Equity Partners has led a US$300 million financing round for South Korea-based online retailer Coupang. Investment firms Wellington Management Company, Greenoaks Capital Management and Rose Park Advisors also participated in the round. This new financing will help the company strengthen its market position and further expand its e-commerce offerings. Coupang previously raised a US$100… Read More