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Conduit Capital Partners Agrees to Sell its Remaining Interest in Kuntur to Odebrecht (Latin America)
Conduit Capital Partners, a private equity investment firm focused on energy infrastructure in Latin America and the Caribbean, has announced its agreement to sell its remaining interest in the Peruvian pipeline project Gasoducto Andina del Sur (Kuntur) to Odebrecht, a Brazilian construction conglomerate. The project consists of an integrated 1,100 kilometer gas pipeline that will transport natural gas from the… Read More
Aureos-Managed Africa Health Fund Invests US$5 Million in Nigerian Assisted Reproductive Center (Sub-Saharan Africa)
Pan-emerging markets-focused private equity manager Aureos Capital has completed a US$5 million investment in Therapia Health, the holding company for The Bridge Clinic, the first assisted reproductive center in West Africa. The investment was made through Aureos’s Africa Health Fund (AHF), whose cornerstone investors include the Bill and Melinda Gates Foundation, IFC, the African Development Bank and DEG. Read More
VenturEast, Zephyr Invest US$6 Million in e2E Rail (Asia)
India-focused private equity firms Zephyr Peacock Management India and VenturEast, through its VenturEast Proactive Fund, have jointly invested in e2E Rail, an Indian rail services company, for approximately US$6 million. Both funds reportedly plan to invest an incremental US$6 million in the company over the next several years. The capital will be used to help e2E expand its global presence,… Read More
InReturn Capital Invests in Leading Supplier of Relief Materials (Sub-Saharan Africa)
East Africa-focused private equity fund manager InReturn Capital has collaborated with the Belgian Investment Company for Developing Countries (BIO) to invest in Reltex Tarpaulins Africa (EPZ) Ltd., a Kenya-based supplier of relief materials, including plastic sheeting, tarpaulins and buckets. The value of the investment has been reported at US$2.6 million, equally split between InReturn and BIO. Read More
Accel Partners Invests US$2.8 Million in Cloud Firm Enterprise Nube (Asia)
India-based cloud services company Enterprise Nube Services has raised INR150 million (approximately US$2.8 million) from global venture capital firm Accel Partners. As part of the transaction, Mahendran Balachandran, a Partner at Accel, will join the board of Enterprise Nube. Accel Partners’ recent investments in the country include e-commerce startup Zanssar.com and online jewelry store Bluestone.com. Read More
MIF Launches Second Stage of Eco-Friendly Venture Capital Fund (Latin America)
The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, in partnership with the European Investment Bank (EIB), the Dutch development bank (FMO) and The Nature Conservancy, has launched the next stage of a venture capital fund focused on community-based sustainable businesses in Latin America. The fund, EcoEnterprises Fund II, has a capitalization of US$20.5 million. Additional… Read More
Qatar’s Mannai, Egyptian Bank EFG Hermes Reach US$445 Million Deal to Buy Mideast Jeweler Damas (MENA)
Qatari conglomerate Mannai Corporation and Egyptian investment bank EFG Hermes have agreed to purchase Damas International, a Middle Eastern jewelry and watch retailer, with a bid of 45 cents per share. Under the terms of the transaction, Mannai will hold a controlling stake of 66 percent in Damas for approximately US$293 million, while EFG Hermes will hold a 19 percent… Read More
Brilla Reaches First Close for Colombian Hotel and Resorts Fund (Latin America)
Brilla Group, a U.S.-based private equity firm focused on luxury beachfront hotel and resort assets in South Florida, the Caribbean, Mexico, Central America and Colombia, has achieved a first closing on its Colombian Beachfront Hospitality Private Equity Fund. The fund has raised US$30 million in commitments to date from Colombian institutions including Bancoldex and local pension funds. The fund is… Read More
PVG Venture Capital Buys 3 Percent of CMGE (Asia)
PVG Venture Capital Partners, an affiliate of Taiwanese venture capital management firm Pacific Venture Group, has acquired a 3.3 percent stake in China Mobile Games and Entertainment (CMGE), a mobile games developer and subsidiary of Hong Kong-listed internet video broadcasting company VODone Limited. Financial terms of the transaction were not disclosed. Read More
New York Life Cuts Stake in CEBBCO (Asia)
New York Life Investment Management India Fund, advised by Jacob Ballas Capital India Private Limited, has sold an approximate 2.77 percent stake of its holding in Commercial Engineers & Body Builders Co. (CEBBCO), an Indian producer of vehicle and locomotive bodies, for an estimated US$1.8 million. Jacob Ballas Capital has been steadily reducing its stake in CEBBCO since the company’s… Read More
Russia’s Frontier Ventures Sets Sights on Internet Businesses (CEE/CIS)
Russian entrepreneur Dmitry Alimov has founded a US$50 million venture fund focused on the consumer sector in Russia. In particular, the fund, Frontier Ventures, will target early-stage internet-oriented consumer companies. Alimov previously ran ru-Net, a Russia-based internet and technology-focused investment company. Read More
Aceco TI Receives Investment from Global Growth Investor General Atlantic (Latin America)
Global growth equity firm General Atlantic has acquired a minority stake in Aceco TI, a company focused on the design and maintenance of data centers in Brazil and Latin America. The partnership will provide capital and strategic advice for the company as it continues to grow in the region. Financial terms of the transaction were not disclosed. Read More