MENA-focused venture capital firm Algebra Ventures has reached a first close for its new technology venture capital fund with US$40 million in capital commitments. Investors in the fund include Cisco’s corporate investment arm Cisco Investments and the Egyptian-American Enterprise Fund, an investment fund backed by the United States government, as… Read More
CGN Private Equity Fund Management Company has reached a third close for CGN Capital Partners Infrastructure Fund III with CNY3.3 billion (approximately US$478 million) in commitments. Investors in the fund include Industrial and Commercial Bank of China, Agricultural Bank of China, Post Savings Bank of China, China Cinda Asset Management,… Read More
Amandi Energy, a project development platform backed by Endeavor Energy and Aldwych International, has arranged US$552 million in financing for the construction of a 200 megawatt combined-cycle, dual-fuel power plant in Ghana. Endeavor and Aldwych are in turn backed by energy and infrastructure-focused private equity firms Denham Capital and Harith… Read More
Global private equity firm Warburg Pincus has reached a final close for Warburg Pincus China with US$2 billion in capital commitments. Investors in the fund include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high-net worth individuals. The Washington State Investment Board reportedly committed US$200… Read More
Frontier markets-focused private equity firm InFrontier has reached a first close for InFrontier Afghanistan Fund with US$22 million in capital commitments. Investors in the fund include development finance institutions CDC Group, which committed US$15 million, and the Dutch Good Growth Fund. The fund is targeting a final close in 2017. Read More
Aspada Advisors, an investment firm focused on small and medium-sized enterprises in India, has invested in India-based post-harvest agriculture value chain service provider Arya Collateral Warehousing Services. Aspada invested through Aspada Investment Company. Arya will use the new capital to scale in primary markets with low warehousing penetration and availability… Read More
The Blackstone Group has fully exited its 4.79 percent stake in Multi Commodity Exchange of India (MCX) for an estimated INR3 billion (approximately US$45 million) through an open market transaction on the National Stock Exchange of India. Blackstone originally invested in MCX in 2013. … Read More
Global Capital Management, the alternative asset management arm of MENA-focused investment group Global Investment House, has acquired a 100 percent stake in Bahrain-based quick service restaurant manager Yum Yum Tree Food Court. With Global’s support, Yum Yum will focus on expanding its brand portfolio and presence across Saudi Arabia, Kuwait… Read More
Impact investment fund manager Equator Capital Partners has acquired a 15 percent stake in Kenya-based financial institution Jamii Bora Bank for US$5.9 million. Equator Capital Partners invested through ShoreCap II. Jamii Bora reportedly serves more than 400,000 customers through 26 branches located across Kenya. Read More
India-focused private equity firm Samara Capital has invested approximately INR1.7 billion (approximately US$25 million) in India-based medical devices manufacturer Sahajanand Medical Technologies. The company plans to use the funds on research and development to expand its product line in the cardiovascular segment. … Read More
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