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Stratus Portfolio Company Senior Solution is First PE-Backed Listing on BOVESPA MAIS (Latin America)
Stratus Group, a Brazil-based mid-market private equity investor, has listed its portfolio company, Senior Solution, on the BOVESPA MAIS, a segment of the BOVESPA exchange. The listing is the first for a private equity-backed company on the Brazilian equivalent of the NASDAQ. Senior Solution, an IT company specializing in software for financial institutions, first received backing from Stratus in 2005.… Read More
Russia’s Baring Vostok to Back Local Lender (CEE and CIS)
Baring Vostok is investing US$50m into Tinkoff Credit Systems Bank (TCS Bank), a Russian mid-sized lender specializing in credit services. Oleg Tinkov, TCS Bank’s founder and majority owner, is currently developing a “branchless” model that will enable access to consumer credit in local stores. Baring Vostok will join Tinkov, Goldman Sachs and Vostok Nafta Investments as investors in the firm. Read More
Moolchand Healthcare Raises INR1 Billion from Sequoia Capital (Asia)
Moolchand Healthcare, an Indian healthcare provider, has received INR1 billion (approximately US$18.5 million) from Sequoia Capital. Sequoia’s investment will be part of an INR5 billion (US$92.5 million) capital pool for the acquisition and development of new hospitals. Moolchand Healthcare is Sequoia’s fourth recent investment targeting the healthcare market in India, joining Vasan Healthcare, Glocal and Paras Pharmaceuticals. Read More
Capital International Private Equity Funds (CIPEF) Closes US$3.0 Billion Global Emerging Markets Fund (Global)
Capital International Private Equity Funds (CIPEF), a U.S.-based emerging market fund manager, has announced the final close of Capital International Private Equity Fund VI (CIPEF VI) at its hard cap of US$3 billion. Citing EMPEA data, CIPEF declared Fund VI the largest global emerging markets private equity fund to have closed in the last five years. CIPEF VI, which exceeded… Read More
ChrysCapital Closes Fund VI at US$510 Million (Asia)
ChrysCapital, an India-focused investment manager based in Mauritius, has announced the final close of its sixth fund on US$510 million. ChrysCapital VI, which received commitments from around 30 LPs including Harvard Management Company and Stanford Management Company, will target growth capital investments in India with ticket sizes from US$20 million to US$100 million and equity stakes ranging from 5 percent… Read More
The African Agriculture Fund Concludes an Investment of US$24 Million in Zambia (Sub-Saharan Africa)
The African Agriculture Fund (AAF), managed by Phatisa, has concluded an agreement to make a total investment of US$ 24 million in Golden Lay Limited, a company involved in the production, distribution and sale of chicken table eggs – located in the Copperbelt Province of Zambia. The deal team structured and negotiated a leveraged management buyout transaction that will result… Read More
SunSun Lighting Raises US$30 Million from GSR Ventures and Oak Investment Partners (Asia)
SunSun Lighting, a China-based LED lighting manufacturer, has raised US$30 million in a Series B round led by Oak Investment Partners, a U.S.-based multi-stage venture capital firm, and GSR Ventures of China, which was the sole investor in SunSun’s US$10 million Series A round. SunSun Lighting plans to use the new capital to expand its manufacturing capacity and promote the… Read More
EBRD and ADM Capital Support Bulgaria’s Prista Oil Group (CEE/CIS)
The European Bank for Reconstruction and Development (EBRD) and ADM Capital, a Hong Kong-based private equity fund investing in recovery and special situations in emerging markets, have provided a EUR60 million (US$78 million) financing package for Prista Oil Group BV, a Bulgaria-based producer of car lubricants and batteries. The financing package comprises EUR48 million (US$62.5 million) of equity and convertible… Read More
Pure Biofuels del Peru Announces Management Buyout by Pegasus Capital Advisors (Latin America)
Pegasus Capital Advisors, a U.S.-based private equity fund manager, has partnered with management to complete a buyout and recapitalization of Pure Biofuels del Peru. The firm will use the growth capital provided by management and Pegasus, along with a simultaneously agreed working capital facility, to expand its biofuel storage and dispatch terminal at the Port of Callao and increase sales… Read More
Brazil’s BTG Pactual Creates US$1 Billion Private Equity Fund Focused on Africa (Sub-Saharan Africa)
Brazilian investment bank BTG Pactual has announced its intention to launch an Africa-focused private equity fund to attract Brazilians to invest in Africa. The initial value of the fund will be US$1 billion, and it will also be open to non-Brazilian investors. Read More
Aureos Southern Africa Fund Completes Successful Exit From Leading Brick Manufacturer (Sub-Saharan Africa)
The Aureos Southern African Fund (ASAF) has sold its stake in South African brick and clinker aggregate manufacturing group SA Block (Pty) Ltd. ASAF is managed by Aureos Southern Africa Managers Ltd, a subsidiary of Aureos Capital, a private equity fund manager focused on small and mid-cap companies in emerging markets. ASAF’s exit forms part of the 100 percent sale… Read More
Ethos Private Equity Invests Additional ZAR100 Million in Transaction Capital (Sub-Saharan Africa)
Ethos Private Equity, a fund manager based in South Africa, has invested ZAR100 million (approximately US$13 million) in Transaction Capital, a financial services company focusing on under-served communities in South Africa. This injection of capital is a follow-on to Ethos’ 2005 investment in ATM Solutions, a core business of Transaction Capital. Read More