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Yunfeng Capital Closes Its Second Fund at US$1.1 Billion, Invests in Quanfeng Express (Asia)
Private equity firm Yunfeng Capital has reached a final close on its second fund, Yunfeng Fund II, with around US$1.1 billion in capital commitments. Investors in the fund included sovereign wealth funds and other global institutional investors. The fund will focus on China-based companies in the technology, media and telecommunications, consumer products and healthcare sectors. Separately, Yunfeng Capital has led… Read More
XSML Finances Digital Printing Company Quickprint (Sub-Saharan Africa)
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based digital printing business Quickprint. The company provides digital printing solutions for corporates, non-governmental organizations, small- and medium-sized enterprises and individuals. Quickprint intends to use the financing to purchase new printing machines. Financial details of the transaction were not disclosed. Read More
Enterprise Investors Commits EUR10.5 Million to the Development of Radiotherapy Centers in Poland (CEE and CIS)
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, will invest EUR10.5 million (approximately US$14.4 million) in the development of radiotherapy centers in Poland. The funds will primarily be used for the construction of a radiotherapy center for cancer patients, in conjunction with local hospital Tomaszów Health Center, in the town of Tomaszów Mazowiecki. The remaining funds will be… Read More
Actis Exits Egypt-based Commercial International Bank and Uganda-based Umeme (MENA, Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis has realized its investment in Egypt-based Commercial International Bank (CIB), selling its remaining 6.5 percent stake to Canada-based financial services holding company Fairfax Financial Holdings. Actis previously sold a 2.6 percent stake to international investors in March 2014. Financial details of the transaction were not disclosed. Separately, Actis has sold part of its stake… Read More
CVC Announces Close of US$3.5 Billion Asia Pacific Fund (Asia)
Private equity and investment advisory firm CVC Capital Partners has reached a final close on its fourth Asia Pacific-focused fund, CVC Capital Partners Asia Pacific IV, exceeding the fund’s target with US$3.5 billion in capital commitments. The fund aims to invest in businesses benefitting from increased domestic demand in China, Southeast Asia, Japan and South Korea. Read More
Armstrong Asset Management and The Blue Circle to Finance Wind and Solar Projects in Southeast Asia (Asia)
Southeast Asia-focused clean energy investor Armstrong Asset Management, in partnership with The Blue Circle, a renewable energy developer operating in the Mekong region (Vietnam, Thailand and Cambodia), has agreed to commit up to US$40 million in equity to fund the construction of wind and solar projects in Southeast Asia. As part of the partnership, Armstrong will receive a minority equity… Read More
TPG and Khazanah Invest PHP5.8 Billion in 8990 Holdings (Asia)
Global private investment firm TPG Capital and Malaysian sovereign wealth fund Khazanah Nasional have together invested PHP5.8 billion (approximately US$132 million) in Philippines-listed housing developer 8990 Holdings. The two investors subscribed to 892 million shares in a follow-on offering that raised PHP9 billion (approximately US$204 million). They paid PHP6.50 (approximately US$0.15) per share, and own approximately 16 percent of the… Read More
Kerogen Capital Invests US$100 Million in HKN Holding (MENA)
Private equity fund manager Kerogen Capital has invested US$100 million in convertible preference shares in HKN Holding, a holding company for Iraq-based oil developer HKN Energy. The investment, which was structured through Kerogen Energy Fund will be used for the initial development of an oil project on the Sarsang block in northern Kurdistan, as well as for additional drilling activities.… Read More
GGV Capital Closes US$620 Million Fund (Asia)
Venture capital firm GGV Capital has closed its fifth fund with US$620 million in capital commitments. The new fund’s geographic focus will be roughly split between China- and United States-based companies. GGV aims to invest between US$5 million and US$25 million per company. Read More
African Development Partners II Invests US$20 Million in Université Privée de Marrakech (MENA)
Africa-focused private equity firm Development Partners International will invest US$20 million in Morocco-based private university Université Privée de Marrakech (UPM). The investment, which will be structured through African Development Partners II, will be used to support UPM’s growth plans in Morocco and Sub-Saharan Africa. UPM provides undergraduate, graduate and doctoral degree programs in fields that include tourism, engineering, health sciences… Read More
Earlybird Venture Capital Invests in Real Estate Platform Metrekare and Recruitment Firm Tjobs (CEE and CIS)
Europe-focused venture capital firm Earlybird Venture Capital has invested in Turkey-based real estate listings platform Metrekare. The transaction was structured through Earlybird Digital East Fund. Separately, Earlybird has backed Romania-based online recruitment portal Tjobs. The fresh funding will support the company’s European expansion. Financial details of the two transactions were not disclosed. Read More
Emerging Capital Partners Partially Exits Oragroup (Sub-Saharan Africa)
Pan-African private equity firm Emerging Capital Partners (ECP) has partially exited its stake in Togo-based Oragroup, a commercial banking holding company with operations in West and Central Africa, through a sale to Gabon’s Strategic Investment Fund. The divested stake had originally been acquired through ECP’s Central Africa Growth (CAGS) fund. The exit represented a reported 2.2x return on CAGS’s initial… Read More