Nigeria-focused private equity firms Sahel Capital and CardinalStone Capital Advisers have agreed to invest in Nigeria-based food producer Crest Agro Products. Sahel Capital will invest through the Fund for Agricultural Finance in Nigeria (FAFIN). Crest Agro, an integrated cassava producer with 13,000 hectares of land for farming, plans to use… Read More
Private investment firm DST Global has reportedly led a US$450 million Series D round for China-based bike-sharing company Ofo. CITIC Private Equity Funds Management, ride-hailing app operator Didi Chuxing, alternative asset manager Coatue Management, venture capital firms Atomico and Matrix Partners and China-based conglomerate Macrolink Group also participated in the… Read More
Development finance institution IFC and the IFC Global Infrastructure Fund (GIF), a fund managed by IFC Asset Management Company, have invested US$100 million in Orazul Energy Partners. Orazul is an affiliate of Orazul Energy Holdings, an energy platform in Latin America established by global infrastructure investment manager I Squared Capital… Read More
Global private equity firm Providence Equity Partners has exited its 3.3 percent stake in India-based mobile operator Idea Cellular on the Bombay Stock Exchange for INR1.29 billion (approximately US$193 million). Providence sold 120 million shares for INR107.32 per share. Providence originally acquired a 15 percent stake in 2006 for INR1.8… Read More
Growth markets investor Actis has reached a final close for Actis Energy 4 with US$2.75 billion in capital commitments. Investors in the fund include pension funds, insurance companies, endowments and sovereign wealth funds. The fund will invest in select countries in Latin America, Africa and Asia, targeting control investments in… Read More
India-focused private equity firm True North (formerly known as India Value Fund Advisors) has reportedly agreed to acquire a majority stake in India-based mortgage lender Home First Finance Company (HFFC) for approximately US$100 million. The investment will include both a secondary sale by existing shareholders and an issuance of new… Read More
India-focused early-stage venture capital firm DSG Consumer Partners has reached a final close for its second fund with US$40 million (approximately INR2.67 billion) in capital commitments. The fund will invest in companies in India and Southeast Asia and aims to deploy its entire corpus by mid-2018. Read More
North Asia-focused private equity firm MBK Partners has agreed to acquire 100 percent of South Korea-based Daesung Industrial Gases from a consortium led by Goldman Sachs and parent company Daesung Group for a reported KRW2 trillion (approximately US$1.8 billion), including debt. The Goldman Sachs-led consortium had originally acquired a 62… Read More
IDFC Alternatives, the alternative asset management arm of India-focused infrastructure financing company IDFC, has fully exited India-based power plant operator Essar Power to undisclosed private investors for INR5.8 billion (approximately US$87.1 million). IDFC, which originally invested INR3.5 billion (approximately US$67 million) in 2009 through India Infrastructure Fund I for a… Read More
Asset management firm VinaCapital’s Vietnam Opportunity Fund (VOF) has reportedly exited its 50 percent stake in Vietnam-based hotel Sofitel Legend Metropole Hanoi to the hospitality joint venture owned by the firm and global private equity fund manager Warburg Pincus for US$100 million. The transaction follows the November 2016 partnership agreement… Read More
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