Volt Lines, a Turkey-based company offering subscription-based minibus transportation services, has raised US$1 million in a pre-Series A round led by Dubai Angel Investors, a Middle East-focused angel investment network. Other participants in the funding round include venture capital fund manager Middle East Venture Partners (MEVP), Turkey-based car rental company… Read More
Global private equity fund manager Warburg Pincus and China-based commercial real estate developer CREATER have agreed to establish a joint venture to pursue urban redevelopment projects in China. As part of the agreement, Warburg will commit up to US$300 million in equity to CREATER at the corporate level and to… Read More
EFG Hermes Private Equity, a Middle East and North Africa-focused private equity fund manager, has reached a first close for Egypt Education Fund (EEF) with US$119 million in capital commitments. Launched in May 2018, the fund reportedly exceeded the first close target of US$50 million to US$100 million. Investors in… Read More
Asia-focused fund of funds manager Axiom Asia Private Capital has reached a final close for its fifth regional fund of funds with US$1.4 billion in capital commitments. Investors in the fund include State Teachers Retirement System of Ohio, which committed US$75 million; Montana Board of Investments, which invested US$40 million;… Read More
Triple P Capital, a Southeast Asia-focused private equity firm investing in non-bank financial services, has acquired a 100 percent stake in Asia- and Scandinavia-focused insurance IT solutions provider Contemi Group. The company, which was founded in Norway and the United Kingdom in 2001, expanded to Vietnam in 2011 and employs… Read More
Africa-focused private equity fund manager Emerging Capital Partners (ECP) has acquired a majority stake in Artcaffé Group, a Kenya-based restaurant company. Artcaffé operates 26 restaurants in Nairobi across five brands, including Artcaffé Coffee and Bakery, Dorman’s Coffee, OhCha Noodle Bar, Urban Burger Bar and Tapas Ceviche Bar. Artcaffé intends to… Read More
Global alternative asset manager The Carlyle Group has agreed to invest US$40 million in Wakanow, a Nigeria-based online travel agency focused on West and East Africa. Carlyle invested through its Sub-Saharan Africa Fund. West Africa-focused private equity fund manager African Capital Alliance (ACA), which invested US$13 million in Wakanow in… Read More
Emerging markets-focused profit-with-purpose private equity firm LeapFrog Investments has purchased a stake in Sri Lanka-based Softlogic Life Insurance from Dutch development finance institution FMO for US$12 million. The company offers a range of life and health insurance products and has partnered with Sri Lanka-based telecommunications company Dialog Axiata to provide… Read More
Global alternative investment manager KKR has raised US$183 million via a Certificado de Proyectos de Inversión (CerPi) offering on the Mexican Stock Exchange (BMV). KKR raised US$100 million for the Series A tranche and US$83 million for the Series B. The two series listed under the ticker symbols KKRPI 18D… Read More
Global Affairs Canada has launched a request for expressions of interest (EOIs) to design and manage the Partnership for Gender Equality. Launched in May 2018, the Partnership forms part of Canada’s initiative to catalyze investment from the private and public sectors in support of gender equality, women’s rights and the… Read More
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