African agribusiness-focused private equity fund manager Zebu Investment Partners has reached a first close for the Africa Food Security Fund with US$84 million in capital commitments. Investors in the fund include South Africa-based Public Investment Corporation, investment manager Kuramo Capital Management and development finance institutions AfDB, CDC, DGGF, IFU and… Read More
Global alternative asset manager the Carlyle Group has agreed to acquire a 23 percent stake in Madero, a Brazil-based restaurant chain operator with 140 locations, for BRL700 million (approximately US$186 million). The transaction reportedly comprises BRL100 million (US$27 million) to acquire existing shares in the company and BRL600 million (US$159… Read More
U.S.-based investment firm Berkshire Partners has agreed to acquire a majority stake in Teraco Data Environments, a South Africa-based provider of colocation and data infrastructure services. U.K-based private equity investor Permira, an existing shareholder, will remain an investor in Teraco. The company operates five data centers in South Africa serving… Read More
India-based value apparel retailer Citykart Retail has raised INR1 billion (approximately US$14 million) from India-focused alternative investment firms IDFC Alternatives and India SME Investments, which have acquired a significant minority stake in the company. Citykart plans to use the funds to open new stores in northern and eastern India and… Read More
Africa-focused software engineering services provider Andela has raised US$100 million in a Series D funding round led by global sustainability-focused investor Generation Investment Management. Existing investors Chan Zuckerberg Initiative, GV, Spark Capital and CRE Venture Capital also participated in the round. Andela recruits and trains software developers at coding campuses… Read More
Middle East-focused alternative asset manager Gulf Capital has invested US$22 million in Tunisia-based olive oil producer and exporter CHO Company. The company produces more than 10 million gallons of olive oil per year and plans to use the funds for working capital and to support its expansion and integration plans. Read More
Frontier market investment firm CrossBoundary has reached a first close for CrossBoundary Energy Access, an Africa-focused project financing facility for power mini-grids, with US$16 million in capital commitments. Investors in the first close include the Rockefeller Foundation and family office Ceniarth. The facility has a blended finance structure and will… Read More
Global investment manager Colony Capital has agreed to acquire the Latin American private equity platform of global growth markets investor the Abraaj Group in partnership with the platform’s existing management. The platform, which currently manages more than US$500 million, will rebrand as Colony Latam Partners and its current senior management… Read More
Global private equity fund manager has agreed to acquire a 51 percent stake in Argentina-based payments company Prisma Medios de Pago from a group of 14 Argentine banks and global financial services provider Visa International. The company offers various point-of-sale, transaction processing and e-wallet services to merchants in Argentina and… Read More
India-based non-banking finance company Aye Finance has raised US$10 million via non-convertible debentures from impact investment fund manager responsAbility Investments and India-based lender Northern Arc Capital. Aye will use the proceeds to bolster its business loan offerings to micro-, small- and medium-sized enterprises in India. Read More
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