Africa-focused alternative asset management firm Kuramo Capital has led a Series A funding round for Nigeria-based budget airline Green Africa Airways. Along with the new investment, the company has announced the appointment of an advisory board led by Tom Horton, the former CEO & Chairman of American Airlines. Green Africa… Read More
Mexico-focused mid-market private equity fund managers Glisco Partners and Discovery Americas have raised US$72 million via the listing of a Certificado de Proyectos de Inversión (CerPi) on the Mexican Stock Exchange. The fund, which will back Mexico-based mid-sized and pre-IPO companies, listed under the ticker symbol GDISPI 18 and is… Read More
Mexico-focused private equity fund manager Alta Growth Capital (AGC) has acquired a 100 percent stake in EAS Systems, a Mexico-based provider of security tags, surveillance systems and other loss prevention products to retailers. AGC invested in the company through Mexico Fund II. EAS currently operates in Mexico, Central America and… Read More
Asia-focused private equity fund manager Unitas Capital has agreed to sell its majority stake in China-based condiments producer Jiahao Foodstuff to Huabao International Holdings for US$694 million. Huabao is a Hong Kong-listed manufacturer of fragrances and flavors, as well as tobacco and aroma-related products. A Unitas-led consortium, which included Pavilion… Read More
China-based used-car trading platform Uxin—which is backed by private equity and venture capital fund managers China Renaissance, China Vision Capital, ClearVue Partners, Coatue Management, DCM, Hillhouse Capital Management, KKR, Legend Capital, Tiger Global Management, TPG and Warburg Pincus—has raised US$225 million through its initial public offering on the Nasdaq Stock… Read More
Global private investment firm TPG and growth markets investor Actis have exited their combined 42 percent stake in India-based payment services provider AGS Transact Technologies via a management buyback. TPG and Actis sold 26 percent and 16 percent stakes, respectively, in the company, which provides banking automation, payment and cash… Read More
Criatec 2, the early-stage venture capital fund managed by Brazil-focused alternative asset managers Bozano Investimentos and Triaxis Capital, has sold its stake in Brazil-based e-commerce company Digital Commerce Group (DCG) to Brazil-listed software developer Linx. Linx will acquire the company for a total of BRL49 million (approximately US$13 million) in… Read More
Aqua Capital, an agribusiness private equity fund manager focused on control investments in South America, has acquired a majority stake in Brazil-based dairy company Lac Lélo for BRL100 million (approximately US$26 million). The company, which produces various types of cheese and dairy products, plans to partner with Aqua to expand… Read More
Global growth markets investor The Abraaj Group has agreed to sell its stake in the Dubai campus of U.K.-based Middlesex University to Amanat Holdings, a U.A.E.-based investor in health care and education, for approximately US$100 million. Abraaj acquired a stake in the overseas campus, which serves about 3,000 undergraduate and… Read More
Myanmar-focused private equity fund manager Delta Capital Myanmar has reached a final close for Myanmar Opportunities II with about US$70 million in capital commitments. The fund, which launched in 2016 with a US$100 million target, reached a first close in November of that year with US$30 million in capital commitments. Read More
(default archive template)