GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
CapMan Invests in KDL Test Alongside EBRD and UFG Private Equity (CEE and CIS)
CapMan Russia, a fund managed by Finland-based asset manager CapMan, has partnered with the European Bank for Reconstruction and Development (EBRD) and Russia-based UFG Private Equity to acquire 24 percent of KDL Test. A laboratory diagnostic services provider, KDL has operations across Russia. The deal, the financial details of which were not disclosed, represents CapMan Russia’s first in the Russian… Read More
IFC Invests in Convergence Partners Fund to Improve Africa’s Communications Infrastructure (Sub-Saharan Africa)
IFC, a member of the World Bank Group, will invest US$35 million in the Convergence Partners Communications Infrastructure Fund, which will focus on new, open access communications networks and related services across Africa. Fund manager Convergence Partners, an investment management and advisory firm based in South Africa, is targeting US$500 million for the fund. Read More
India’s Komli Media Inks US$39 Million Led by Norwest Venture Partners (Asia)
Komli Media, a media technology company based in Mumbai, has raised US$39 million in a financing round led by U.S.-based venture and growth equity investor Norwest Venture Partners. Komli Media plans to use the new funds to invest in the company’s core media technology platforms and expand its presence across the Asia Pacific region. Nexus Venture Partners, Helion Venture Partners,… Read More
Lupatech Raises BRL261 Million in Preferential Share Offer, GP Investments Commits BRL50 Million (Latin America)
Lupatech, a Brazil-based provider of products and services to the oil and gas industry, has concluded a preferential share offer in which it raised BRL260.7 million (approximately US$128 million). Of the 65.2 million shares that were subscribed at a price of BRL4 per share, Latin America-focused private equity firm GP Investments acquired shares equivalent to BRL50 million (approximately US$26 million)… Read More
Fortis Healthcare to Receive INR3.7 Billion Equity Infusion in SRL Through IFC and NYLIM Jacob Ballas India (Asia)
Fortis Healthcare, an integrated healthcare provider operating across the Asia Pacific region, has announced that International Finance Corporation (IFC) and Jacob Ballas India (JBC), an India-focused private equity advisor, will invest INR3.7 billion (approximately US$66 million) in Fortis subsidiary Super Religare Laboratories (SRL), an India-based diagnostic services network. JBC, through its NYLIM Jacob Ballas India Fund III, and IFC will… Read More
Meilele Closes US$40 Million Series B Financing Led by Lightspeed China Partners (Asia)
Lightspeed China Partners, the China-based division of global venture capital firm Lightspeed Venture Partners, has invested in the Series B financing round of Meilele, a Chinese online furniture retailer. Meilele raised approximately US$40 million, with Temasek subsidiary Vertex Venture Holdings, Chinese growth capital firm LionRock Capital and Korean asset manager KTB Ventures also participating. Meilele plans to use the new… Read More
Samara Injects US$32 Million in Monte Carlo Fashions (Asia)
Samara Capital, a U.S.-based private equity firm focused on India, has acquired an 18 percent stake in Monte Carlo Fashions for INR1.75 billion (approximately US$32 million). Samara purchased 1.1 million shares from the company’s current ownership group and 2.9 million shares through a capital increase. Monte Carlo, a garment manufacturer and retailer, plans to use the new funds to support… Read More
Global Environment Fund Raises US$124 Million India-focused Fund (Asia)
Global Environment Fund (GEF), a U.S.-based private equity firm, has raised INR7 billion (US$124 million) for a fund targeting small and medium enterprises in India. The GEF South Asia Fund plans to make three to four minority investments in India a year, with tickets ranging from US$3 million to US$15 million, and will also invest in Nepal, Sri Lanka and… Read More
Capitalworks Exits Pronto Holdings (Sub-Saharan Africa)
Pretoria Portland Cement Company Limited (PPC) has acquired Pronto Holdings from South Africa-based independent alternative asset manager Capitalworks for a minimum value of ZAR280 million (approximately US$33 million). Capitalworks first invested in Pronto, a ready-mix concrete business based in Johannesburg, in 2008. Read More
Vantage Capital Raises Mezzanine Fund in Africa, Invests ZAR133 Million in CA Sales (Sub-Saharan Africa)
Vantage Capital, a South African specialist fund manager, has closed its second pan-African mezzanine fund at ZAR1.9 billion (approximately US$226 million). Mezzanine Fund II, which received commitments from the Development Bank of Southern Africa, Norfund and 14 pension funds from South Africa and Botswana, will invest in mid-size African companies. In a separate statement, Vantage Capital announced a ZAR133 million… Read More
U.K.-Based Bancroft Buys 75 Percent Graniser Stake for US$75 Million (CEE and CIS)
London-based Bancroft Private Equity has acquired 75 percent of Turkish ceramic tiles and granite producer Graniser for US$75 million. Graniser is the fourth investment made in Turkey by the Bancroft Group, which focuses on private equity fund management in Eastern Europe. Graniser plans to invest US$500 million over the next three years to support growth in Middle Eastern and European… Read More
AGF Latin America Fund Holds First Close of US$64 Million (Latin America)
The AGF Latin America Fund has held a first close of US$64 million, led by private equity investors DEG (Deutsche Investitions- und Entwicklungsgesellschaft), the Inter-American Development Bank’s Multilateral Investment Fund (MIF/IDB), the Andean Development Corporation (CAF) and Compass Group. The fund will invest in middle-market companies in the agribusiness and food sectors via mostly control positions. The fund, which is… Read More