Kinea, the alternative asset management subsidiary of Brazil-based financial services group Itaú, has agreed to purchase a 48 percent stake in Quartier Participações, a Brazil-based holding company with interests in textbook publishing and digital education platforms, including Grupo A Educação. Quartier reportedly plans to use the funds to purchase shares… Read More
Brazil-focused alternative asset manager Patria Investments has reportedly purchased a majority stake in Impacto, a Brazil-based agricultural input distributor. The company operates four stores, which sell farming inputs such as seeds and agrichemicals, across the state of Mato Grosso. Financial details of the transaction were not disclosed. Read More
Argentina-based oil exploration and drilling company San Antonio Oil & Gas Services has agreed to sell 100 percent stakes in two of its subsidiaries, San Antonio International Oil & Gas Services and Armadillo Drilling Services, to global alternative investment firm Lone Star Funds. The two companies are in turn controlling… Read More
African Infrastructure Investment Managers (AIIM) has invested US$31 million for a 28 percent stake in the East Africa operations of U.K.-based, Africa-focused off-grid energy solutions provider BBOXX. The company sells solar systems, billing users on a pay-as-you-go basis, and will partner with AIIM to accelerate the rollout of its products… Read More
East Africa-focused private equity firm Fanisi Capital has agreed to sell Kenya-based private education company Hillcrest International Schools for KES2.6 billion (approximately US$25 million) to GEMS Education, a U.A.E.-based education group. Fanisi and entrepreneur Anthony Wahome originally acquired Hillcrest in August 2011 for KES1.8 billion (approximately US$20 million). The transaction… Read More
The India arm of United States- and Asia-focused venture capital firm Matrix Partners has reach a final close for its third fund with US$321 million in capital commitments. Investors in the fund include North America-, Europe- and Middle East-based university endowments, foundations and financial institutions. The fund will target seed,… Read More
India-focused private equity fund manager ChrysCapital has reached a final close for its eighth fund with US$867 million in capital commitments. Investors in the fund include Ontario Teachers’ Pension Plan, fund of funds managers Asia Alternatives Management and Adams Street Partners, Singaporean sovereign wealth fund GIC and Harvard Management Company. Read More
Global SME-focused impact investing firm SEAF has invested in eDukaty, a Morocco-based education technology company. SEAF invested in the company, which develops online French admissions examination preparation products, through the Morocco Growth Fund. Separately, SEAF has also announced an investment in Organica, a Vietnam-based organic and natural food retailer and… Read More
SolarNow, a Uganda-based off-grid solar energy company, has secured US$9 million in debt financing from impact investment fund manager responsAbility Investments, impact investing cooperative Oikocredit and SunFunder, an emerging markets-focused solar financing firm. SolarNow previously received a US$6 million loan from responsAbility, Oikocredit and SunFunder in late 2017. The company… Read More
Africa-focused private equity fund manager AfricInvest has reached a third close for FIVE, an evergreen platform for investing in financial institutions in Africa, with EUR67 million (approximately US$77 million) in capital commitments. Investors in the fund include development finance institutions KfW, FMO, BIO, Norfund and IFU, as well as the… Read More
(default archive template)