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Emerging Capital Partners Invests in Atlas Bottling Corporation (MENA)
Emerging Capital Partners (ECP), a private equity firm focused on growth capital investing in Africa, has acquired a 33 percent stake in Atlas Bottling Corporation (ABC), the PepsiCo bottler of carbonated soft drinks in Algeria, as part of a US$80 million investment plan. The transaction involved a mix of growth equity provided by ECP and debt from commercial banks. ABC… Read More
Kinnevik Leads US$90 Million Financing Round for Quikr with Participation from Warburg Pincus and Other Existing Investors (Asia)
Quikr Mauritius Holding, which runs India-based classifieds website Quikr.com, has raised a US$90 million financing round led by Swedish investment firm Investment Kinnevik. The firm contributed US$39.3 million to the transaction, with the rest coming from Quikr’s existing investors, including private equity firms Warburg Pincus, Matrix Partners India and Norwest Venture Partners, along with commerce and payments company eBay, investment… Read More
Templeton Reaches Final Close on Fourth Emerging Markets-dedicated Fund (Global)
Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has reached a final close on its latest emerging markets fund, Templeton Strategic Emerging Markets Fund IV, with more than US$220 million in capital commitments. The vehicle, which launched in March 2012 with a target of US$300 million, will focus on supporting growth in small- to medium-sized companies across… Read More
E-House Holdings Forms Joint Venture with Yunfeng Capital, Sequoia Capital China and SINA Corporation (Asia)
Private equity firms Sequoia Capital China and Yunfeng Capital and China-based media company SINA Corporation have agreed to establish a joint venture with New York Stock Exchange-listed E-House Holdings, a China-based real estate services company, to launch a real estate-oriented financial services platform. The joint venture will leverage E-House's home buyer data and SINA's online users to launch a series… Read More
Northgate Capital Acquires a Minority Stake in HDS (Latin America)
Global private equity fund manager Northgate Capital has acquired a minority stake in Mexico-based healthcare information technology provider Health Digital Systems (HDS), injecting up to US$25 million in the company. HDS intends to use the fresh capital to develop software products and business expansion. Other shareholders in the company include Mexican development bank Nacional Financiera and Mexico-focused private equity fund… Read More
Pearl Capital Partners Invests KES200 Million in Eldoville Dairies (Sub-Saharan Africa)
Pearl Capital Partners, an East Africa-focused agriculture investment firm, has acquired a minority stake in Kenya-based dairy processing company Eldoville Dairies for KES200 million (approximately US$2.3 million). The transaction was structured through Pearl Capital Partners’ African Agricultural Capital Fund. Eldoville produces yogurts, cheeses, butter and cream, and intends to use the fresh financing to establish a milk processing facility, strengthen… Read More
EFG Hermes Sells a 19 Percent Stake in Damas International to Mannai Corporation for US$150 Million (MENA)
The private equity arm of Egyptian investment bank EFG Hermes has sold a 19 percent stake in United Arab Emirates-based jeweler Damas International to Qatar-based trade and services conglomerate Mannai Corporation for US$150 million. EFG Hermes and Mannai had acquired Damas in a transaction worth US$445 million in May 2012, of which EFG Hermes contributed US$85 million, delisting the company… Read More
TLG Exits Riverboat Cruise Business Compagnie Fluviale du Mekong (Asia)
Frontier markets-focused private equity investor TLG Capital has exited its investment in Cambodia-based luxury riverboat cruise business Compagnie Fluviale du Mekong (CFM) in a trade sale to CroisiEurope, a European tour operator. TLG Capital originally invested in the company in 2010. Financial details of the transaction were not disclosed. Read More
Resource Partners Invests in World Class Romania (CEE and CIS)
Funds under the management of Resource Partners have acquired a 71 percent stake in Romania-based fitness chain World Class Romania in a management buyout. The company plans to continue the expansion of its network in order to offer its members a greater choice of fitness locations and training experiences. Financial details of the transaction were not disclosed. Read More
CVC Completes IDR2.5 Trillion Matahari Department Store Stake Sale (Asia)
Private equity and investment advisory firm CVC Capital Partners has raised IDR2.5 trillion (approximately US$215 million) by reducing its stake in Indonesia-based retailer Matahari Department Store. CVC-owned Asia Color Company sold 190 million shares in Matahari, a 6.5 percent stake, at IDR13,100 (approximately US$1.13) per share. CVC, which originally bought a 73 percent stake in the company in 2010 at… Read More
Warburg Pincus Buys Additional Shares in Capital First (Asia)
India-based non-banking financial company Capital First has approved a capital increase of INR1.8 billion (approximately US$29 million) via a preferential allotment of shares to existing investors Warburg Pincus, a global private equity firm, and HDFC Standard Life Insurance, an India-based life insurance company. Warburg Pincus will subscribe to 8.3 million shares at INR154 (approximately US$2.48) per share, for a total… Read More
Private Equity-backed IHS Holding Secures US$490 Million in Equity and Debt Financing (Sub-Saharan Africa)
IHS Holding, a Nigeria-based pan-African telecommunications infrastructure company, has secured US$420 million in equity and US$70 million in debt in its latest financing round. Investors include existing shareholders pan-African fund manager Emerging Capital Partners, International Finance Corporation and Euronext Paris-listed telecom company Wendel. Also participating in the transaction were new investors: the IFC Global Infrastructure Fund (managed by IFC Asset… Read More