Middle East and North Africa-focused private equity fund manager EuroMena has reached a final close for EuroMena III with US$150 million in capital commitments. Investors include development finance institutions European Investment Bank, CDC, DEG, Proparco and International Finance Corporation. CDC committed US$20 million. The fund will extend EuroMena's geographic focus… Read More
India-focused private equity firm Kedaara Capital has agreed to invest INR4.3 billion (approximately US$63 million) for a minority stake in India-based medical diagnostic chain Vijaya Diagnostic Centre. Vijaya provides diagnostic services spanning radiology, imaging, nuclear medicine, conventional and specialty laboratory services and diagnostic cardiology. The company operates 30 locations in… Read More
German development finance institution DEG has arranged EUR66 million (approximately US$69 million) in debt financing for Turkey-based household goods and hygienic products manufacturer Hayat Kimya Sanaki. Co-financers include emerging markets-focused private credit fund manager Cordiant Capital, the Development Bank of Austria (OeEB) and the Black Sea Trade and Development Bank… Read More
China-focused private investment firm Primavera Capital Group has reached a final close for its second U.S. dollar-denominated China-focused fund with US$1.9 billion in commitments, surpassing its US$1.5 billion target. Investors in the fund include Pennsylvania State Employee’s Retirement System, Taiwan Semiconductor Manufacturing, the Second Swedish National Pension Fund, China-based Taikang… Read More
Middle East-focused alternative asset manager Gulf Capital has reached a final close for its second private debt and mezzanine fund, Gulf Credit Opportunities Fund II, over its target of US$250 million in capital commitments. Investors in the fund include sovereign wealth funds, international institutional investors, regional insurance companies, foundations and… Read More
United Arab Emirates-based ride-hailing company Careem has raised US$350 million in a round led by Japan-based e-commerce and internet company Rakuten and telecom operator Saudi Telecom Company. Global growth markets investor The Abraaj Group; venture capital firms Wamda Capital, Beco Capital, Endure Capital and Lumia Capital; asset manager SQM Frontier… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has exited its 13 percent stake in China-based automotive and engine design service provider IAT Automobile Technology through block trades on China’s National Equities Exchange & Quotations for US$28 million. CNEI, which originally invested in IAT Automobile in 2009, reportedly… Read More
Turkey-focused private equity firm Mediterra Capital, global private equity specialist Hermes GPE and development finance institution European Bank for Reconstruction and Development have acquired a 70 percent stake in Turkey-based elevator technology company Arkel. Mediterra Capital invested through Mediterra Capital Partners II. Arkel manufactures electrical components for elevators and exports… Read More
South and Southeast Asia-focused private equity firm Creador Capital has reached a final close for its third fund with US$415 million in capital commitments. Investors in the fund reportedly include global private markets asset managers and advisors Hamilton Lane, Siguler Guff & Company and Hermes GPE. The fund will invest… Read More
Private equity firms One Equity Partners and TRPE Capital have agreed to sell their 48 percent stake in Turkey-based ICT services provider Netas Telekomunikasyon to China-based telecommunications and IT equipment manufacturer ZTE International for US$101 million, plus performance earnouts. One Equity Partners originally invested in the company in 2010 through… Read More
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