Private equity advisory firm Jacob Ballas Capital India and New York Life Investment Management (NYLIM) have agreed to acquire a minority stake in CentrumDirect, the foreign exchange business unit of Bombay Stock Exchange-listed financial services company Centrum Capital. The firms will reportedly invest US$50 million for a 30 percent stake… Read More
Pan-African private equity investment firm EXEO Capital has reached a first close for Agri-Vie Fund II with more than US$100 million in capital commitments. The fund, which is targeting US$150 million to US$200 million in total commitments, will focus on the food and agribusiness sector in Sub-Saharan Africa. Read More
ARX Equity Partners, a private equity fund manager focused on mid-sized companies in Central Europe, has agreed to acquire Czech Republic-based baby fruit desserts and fruit drinks producer Nutricia Deva from France-based food company Danone Group. ARX will invest through its fourth private equity fund alongside food industry entrepreneur Keith Dilworth. Read More
Private equity investors 3i Group, Neuberger Berman and Siguler Guff & Company have agreed to sell their interests in Brazil-based eyewear retailer Óticas Carol as part of an EUR100 million (approximately US$118 million) acquisition of 100% of the company by Italy-based eyewear group Luxottica. 3i, Neuberger Berman and Siguler Guff… Read More
Inspired Evolution Investment Management, an Africa-focused investment advisory firm specializing in clean energy infrastructure and resource efficiency, has sold its stakes in South Africa-based renewable energy projects Slimsun Swartland Solar Park, Kouga Wind Farm and Solar Capital De Aar to South Africa-based TriAlpha Investment Management. The firm’s interest in Solar… Read More
Pan-African private equity firm AfricInvest has invested EUR17.3 million (approximately US$18 million) in Mali-based hospitality group Azalaï Hotels. AfricInvest invested through AfricInvest III. Azalaï will use the new funds to expand across West Africa, increase capacity and upgrade service. Read More
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
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