Mezzanine Management, an investment advisory firm focused on Central and Eastern Europe, has invested PLN40 million (approximately US$9.9 million) for a 33 percent stake in Poland-based motor oils manufacturer Flucar. As part of the deal, Mezzanine, which invested through Accession Mezzanine Capital III, has the option to increase its stake… Read More
The Blackstone Group has agreed to sell its 17.75 percent stake in India-based International Tractors, the owner of the Sonalika farm equipment brand, to Japan-based agricultural machinery and industrial engineering group Yanmar for INR17 billion (approximately US$250 million). Blackstone originally invested in the company in 2012 through Blackstone Capital Partners… Read More
Global technology-focused investor Silver Lake and China-focused private equity and venture capital firms CDH Investments, Yunfeng Capital and Primavera Capital Group have led a US$1.1 billion round for Koubei, Alibaba Group Holding’s China-based e-commerce services platform. Sovereign wealth fund China Investment Corporation also invested approximately US$150 million in the round. Read More
Global growth markets investor The Abraaj Group has agreed to acquire a majority stake in Pakistan-based Jhimpir Power (JPL) from Asia- and MENA-focused renewable power developer and investor Burj Capital. JPL wholly owns a 50 megawatt wind power project in the Jhimpir wind corridor in southeast Pakistan. The project is… Read More
Joulon, an oil and gas asset management services platform established in 2015 by global investment firm KKR and industry veteran Deepak Munganahalli, has acquired a majority stake in India-based drilling equipment manufacturer Sara Sae. As part of the transaction, India-focused private equity firm Multiples Alternate Asset Management, which originally invested… Read More
U.A.E.-based media platform and events company STEP Group has raised a US$2 million Series A round from MENA-focused venture capital firm Wamda Capital, U.A.E.-based investment company Equitrust, international venture capital firm North Base Media and Dubai Silicon Oasis Authority. STEP Group operates various English- and Arabic-language media outlets, as well… Read More
Africa-focused private investment firm Helios Investment Partners and Netherlands-based energy and commodities group Vitol have agreed to acquire a 20 percent stake in Africa-focused downstream petroleum company Vivo Energy from Royal Dutch Shell for US$250 million. Upon completion of the deal, Helios and Vitol will own 100 percent of Vivo Energy. Read More
Middle East-focused private equity firm Foursan Group has sold its stake in Amman Stock Exchange-listed Jordan Dubai Islamic Bank (JDIB) to Jordan-based Bank Al-Etihad, realizing a reported 2.5x gross multiple of invested capital. Foursan originally invested in JDIB in 2012 through Foursan Capital Partners I. Financial details of the transaction… Read More
Emerging markets financial services and health care specialist investor LeapFrog Investments has sold a partial stake in India-based non-banking financial company IFMR Capital to Standard Chartered Private Equity, the private equity arm of Standard Chartered Bank. LeapFrog originally invested in IFMR Capital in 2014. Financial details of the transaction were… Read More
India-focused venture capital firm Saama Capital has reached a final close for its third fund with US$58 million (approximately INR3.9 billion) in capital commitments. The fund will focus on seed and Series A rounds for companies in the fintech, software-as-a-service (SaaS) and non-technology consumer sectors. Read More
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