The Sindila hydropower project, a Uganda-based 5.25 megawatt run-of-river project, reached financial close on 30 January 2017 and commenced construction. The project’s shareholders include private equity and alternative asset fund manager Metier, developer KMRI, concessions and investment company WK Power and Fieldstone Africa Investment Resources, while development finance institution OPIC… Read More
Sub-Saharan Africa-focused private equity firms Amethis finance and Metier have acquired a minority stake in Kenya-based Kenafric Industries’ packaged food business. Kenafric manufactures and distributes confections, snacks, ready-to-drink juices and other food products. Kenafric plans to use the new capital to broaden its product range. Financial details of the transaction… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has completed a mezzanine investment in Poland-based insurance company Unilink. Darby invested through Darby Converging Europe Fund III. The new funds will strengthen Unilink’s balance sheet and provide capital for acquisitions. Financial terms of the transaction were not disclosed. … Read More
West Africa-focused impact investment fund manager Injaro Investments has exited its 30 percent stake in Burkina Faso-based seed producer NAFASO to the company’s founders and other undisclosed shareholders. Injaro originally invested in NAFASO in March 2013 through Injaro Agricultural Capital Holdings. Financial details of the transaction were not disclosed. Read More
Mexico-focused private equity fund manager Nexxus Capital has agreed to invest in Mexico-based Translatum Holding, a holding company to develop a fintech payments platform. TransNetwork, the first component of Translatum, is a company in the business-to-business (B2B) electronic domestic and cross-border processing and payments industry. Nexxus will invest through Nexxus… Read More
The Brascan Petroleum, Gas and Energy Fund (FIP Brascan), which is advised by Brookfield Asset Management subsidiary BRKB, has exited a 29.2 percent stake in Brazil-based oil and gas exploration and production company Brasoil to PetroRio, which now holds a 52.4 percent stake in the company. Financial terms of the… Read More
Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, has sold its stake in United States- and Mexico-based digital payment solutions provider Clip to an undisclosed buyer. Accion Venture Lab originally invested in Clip in February 2013. Financial details of the transaction were not disclosed. Read More
Global private investment firm TPG and Goldman Sachs have led an AUD400 million (approximately US$306 million) funding round for Singapore-based data center provider AirTrunk. Approximately 60 percent of the investment is equity and the rest is debt. Netherlands-based ING Bank and France-based bank Natixis provided a senior debt facility. TPG… Read More
Korea-focused private equity firm VIG Partners has reached a final close for its third Korea-focused fund with US$600 million in capital commitments. Investors in the fund include banks, family offices, insurance companies, funds of funds and pension funds from Europe, North America and Asia, including Korea’s National Pension Service, which… Read More
Venture capital firm Accel Partners has led a Series A round of INR388 million (approximately US$5.8 million) for India-based medical technology startup SigTuple Technologies, with participation from venture capital firms IDG Ventures India, Endiya Partners, pi Ventures, VH Capital and Axilor Ventures and a number of angel investors. SigTuple plans… Read More
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