Korea-focused fund manager IMM Private Equity has reached a first close for RoseGold IV with USD1.3 billion in capital commitments. Investors in the fund include the Korean National Pension Service and other Korea-based and foreign investors. The fund, which is seeking USD1.5 billion in total commitments, will pursue minority and… Read More
Trident Energy, an Africa- and Latin America-focused oil and gas exploration company established by global private equity fund manager Warburg Pincus, has agreed to acquire the rights to the Pampo and Enchova offshore oilfields from Brazilian state-owned oil company Petrobras. Trident will acquire the assets using a reserve-based loan, in… Read More
African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, has reached a final close for African Infrastructure Investment Fund 3 (AIIF3) with USD320 million in capital commitments. The fund received commitments from investors in AIIM’s previous fund, AIIF2, and new investors from Africa, Europe,… Read More
African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, has reached a final close for African Infrastructure Investment Fund 3 (AIIF3) with USD320 million in capital commitments. The fund received commitments from investors in AIIM’s previous fund, AIIF2, and new investors from Africa, Europe,… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners and Ekuity Capital, an investment firm backed by the governments of Tunisia and Kuwait, have invested in Tunisia-based supermarket chain Aziza. Mediterrania reportedly acquired a 20 percent stake in the company through its third fund. Aziza plans to partner with Mediterrania and… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners and Ekuity Capital, an investment firm backed by the governments of Tunisia and Kuwait, have invested in Tunisia-based supermarket chain Aziza. Mediterrania reportedly acquired a 20 percent stake in the company through its third fund. Aziza plans to partner with Mediterrania and… Read More
A consortium led by Asia middle market-focused private capital fund manager Olympus Capital Asia has acquired a 25 percent stake in Thai Credit Retail Bank, a Thailand-based microfinance bank, for USD91 million from Southeast Asia-focused private equity firm Northstar Group. A portion of the total investment will be contingent on… Read More
A consortium led by global private capital fund manager CVC Capital Partners has agreed to acquire a 30 percent stake in GEMS Education, a UAE-based K-12 school operator. The investment will facilitate exits for global principal investment firm Fajr Capital, global alternative asset manager Blackstone Group, and Bahraini sovereign wealth… Read More
Global alternative asset manager KKR has sold a 0.65 percent stake in SBI Life, the insurance subsidiary of the State Bank of India, for INR5 billion (approximately USD73 million) on the National Stock Exchange of India. KKR, which originally acquired a 4 percent stake in SBI Life in 2016 for… Read More
Asia-focused private equity fund manager Softbank Ventures Asia has held a first close for its Growth Acceleration Fund with KRW317 billion (approximately USD269 million) in commitments. Investors in the fund include SoftBank Group, Korea’s National Pension Service, and other institutional investors. The fund will invest in early-stage opportunities globally, with… Read More
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