Central and Eastern Europe-focused private equity firm Mid Europa Partners has agreed to sell Poland-based convenience store chain Zabka Polska to global private investment firm CVC Capital Partners at a reported enterprise value of more than EUR1 billion (approximately US$ 1.1billion). Mid Europa, which originally acquired Zabka in 2011 at… Read More
India-focused private equity firm ChrysCapital Management has reached a final close for ChrysCapital VII with more than US$600 million in capital commitments. Investors in the fund include sovereign wealth fund Government of Singapore Investment Corporation (GIC), private equity fund of funds Asia Alternatives Management, Harvard Management Company, global insurance companies,… Read More
Venture capital firms Kejora Ventures and K2 Venture Capital have led a US$1.5 million seed round for Thailand-based fintech company MoneyTable. Individual investors Chatchaval Jiaravanon and Chualapayap Srikarnchana also participated in the round. MoneyTable plans to use the new capital for working capital and customer base expansion. … Read More
Sub-Saharan Africa-focused alternative asset management firm Capitalworks has agreed to acquire Aon’s shareholding in its African insurance brokerage and employee benefit operations in Angola, Kenya, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Tanzania, Uganda and Zambia. Financial details of the transaction, which is pending regulatory approval, were not disclosed. Once regulatory approval… Read More
Brazil-based digital credit platform Creditas has raised BRL60 million (approximately US$19 million) in equity and debt funding in a Series B round led by development finance institution International Finance Corporation (IFC), with participation from new investor Naspers Fintech and current shareholders Redpoint eVentures, KaszeK Ventures, QED Investors and Quona Capital. Read More
India-focused venture capital firm Orios Venture Partners has closed its second fund with US$75 million (approximately INR5 billion) in capital commitments. More than 80 percent of the fund’s corpus was raised from domestic investors. The fund will focus on seed and Series A investments in online consumer technology and software-as-a-service… Read More
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
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