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KKR and Standard Chartered Provide INR7.5 Billion Loan to Wadhwa Group (Asia)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has provided part of an INR7.5 billion (approximately US$125 million) loan to India-based property developer Wadhwa Group. KKR contributed INR3.5 billion (approximately US$58 million) from its India Alternative Credit Opportunities Fund I, while banking services company Standard Chartered Bank provided the remaining INR4 billion (approximately US$67 million). The four-year loan will… Read More
Abris Capital Partners Sells Its Entire Stake in Alumetal (CEE and CIS)
Poland-based producer of aluminum cast alloys Alumetal debuted on the Warsaw Stock Exchange on 17 July after completing its initial public offering. As part of the listing, Central and Eastern Europe-focused private equity fund manager Abris Capital Partners sold its entire 55.5 percent stake in the company for PLN293 million (approximately US$95.7 million). Abris originally invested in the company more… Read More
Zoyi Invests in Two Taiwan-based Companies, Taiwan Farm Industry and Quaser Machine Tools (Asia)
China- and Taiwan-focused investment firm Zoyi Capital has invested in Taiwan-based processed meat producer Taiwan Farm Industry (TFI). The new capital will be used to build a factory, which will double TFI’s current capacity and strengthen its export business. Separately, Zoyi Capital has invested in Quaser Machine Tools, a machine tool manufacturer in Taiwan. The company intends to use the… Read More
Blue Water Energy Backs Unique Maritime Group (MENA)
Blue Water Energy, a global middle market energy private equity firm, has invested in United Arab Emirates-based subsea and offshore solutions provider Unique Maritime Group (UMG). The investment will allow UMG to accelerate its growth plans through additions to its rental fleet, as well as expand its product and service offerings and geographic distribution through further acquisitions. Financial details of… Read More
Leopard Haiti Fund Invests US$1.75 Million in Veerhouse Voda Haiti (Latin America)
Frontier markets investment firm Leopard Capital has provided US$1.75 million to Haiti-based Veerhouse Voda Haiti, a manufacturer of disaster-resilient buildings. The transaction, which was in the form of a debt instrument with participation features, was structured through Leopard Haiti Fund. Veerhouse Voda intends to use the funds to establish a local factory in Haiti to produce pre-engineered residential and commercial… Read More
Vision Knight Capital, Lightspeed China Partners and CDH Venture Invest US$80 Million in Fangdd.com (Asia)
China-based real estate portal Fangdd.com has raised US$80 million in a Series B financing round from venture capital firms Vision Knight Capital, Lightspeed China Partners and CDH Venture. CDH previously invested RMB50 million (approximately US$8 million) in the company in July 2013. The fresh capital will be used to improve users' online and offline purchasing experience. Read More
ADM Capital Acquires an 85 Percent Stake in Ceramica from Advent International (CEE and CIS)
ADM Capital, an investment firm focused on recovery, special situations and event-driven opportunities in emerging markets, has acquired an 85 percent stake in Romania-based brick producer Ceramica from global private equity firm Advent International. The transaction is estimated to be worth more than EUR10 million (approximately US$13.6 million). Ceramica intends to use the investment for both organic and inorganic growth.… Read More
Southern Cross to Increase Its Stake in Ultrapetrol (Latin America)
Latin America-focused private equity firm Southern Cross has entered into a share purchase agreement with Chile-based shipping company SIPSA to purchase SIPSA’s outstanding interest in NASDAQ-listed Ultrapetrol, a marine transportation company operating in Latin American markets, for around US$100 million. The transaction will be structured through Southern Cross Latin America Private Equity Funds III and IV. Post-transaction, Southern Cross’s stake… Read More
Capital Indigo Invests in Indigo Proambiental (Latin America)
Capital Indigo, a private equity firm focused on growth and mezzanine investments in Mexico, has invested in Mexico-based e-waste management company Indigo Proambiental. The transaction was structured through Capital Indigo’s fund Indigo 1. Financial details of the transaction were not disclosed. Read More
Sequoia Capital and Steadview Capital Lead an INR2.5 Billion Financing Round for Olacabs (Asia)
Venture capital firm Sequoia Capital and hedge fund Steadview Capital have led an INR2.5 billion (approximately US$41.8 million) Series C financing round for India-based taxi network Olacabs. Existing investors venture capital firm Matrix Partners India and hedge fund Tiger Global Management also participated. Olacabs will use the funds to expand its operations in new markets. Read More
The Abraaj Group Exits Mexico-based ARG to Liquid Capital, Invests in Tunisia-based Polyclinique Taoufik (Latin America, MENA)
Global growth markets investor The Abraaj Group has agreed to exit its majority stake in Mexico-based leasing company Analistas de Recursos Globales (ARG) to Docuformas, the Mexican franchisee of financial leasing company Liquid Capital. The transaction will be structured through The Abraaj Group’s first Latin American Fund, which had originally invested in ARG in 2008. The transaction is subject to… Read More
Albright, Helios and IFC AMC Participate in a US$630 Million Investment in Helios Towers Africa
Telecommunications towers company Helios Towers Africa (HTA), based in Ghana, Tanzania and the Democratic Republic of the Congo, has raised US$630 million from existing and new shareholders. Existing shareholders Albright Capital Management, Helios Investment Partners, International Finance Corporation (IFC), Quantum Strategic Partners and RIT Capital Partners all added to their current stakes, while new shareholders Providence Equity Partners and IFC… Read More