Global venture capital firm Accel Partners has reached a final close for its fifth India-focused fund with US$450 million in commitments. The fund will invest in the consumer internet, enterprise software, financial technology and health care sectors. Accel reportedly plans to begin investing from the fund in early 2017. … Read More
Nigeria-based off-grid solar firm Lumos Global has raised US$90 million from development finance institution Overseas Private Investment Corporation (OPIC), Sub-Saharan Africa-focused investment firm Pembani Remgro Infrastructure Managers, VLTCM and Israeli cleantech venture specialist ICV. The new funding comprises US$50 million in debt provided by OPIC and US$40 million in equity… Read More
India-focused impact investment firm Lok Capital has led an INR450 million (approximately US$6.6 million) Series B round for India-based dairy producer HR Food Processing. Lok invested through its third fund, Growth Catalyst Partners. South- and Southeast Asia-focused impact fund advisory firm Aavishkaar also participated in the round via Aavishkaar II. Read More
China-focused private equity firm Everbright Reinfore has led a CNY700 million (approximately US$102 million) Series B round for Beijing DS365 Technology, a China-based provider of supply chain management, transaction and logistics solutions for convenience stores. Financial services provider China UCF Group also participated in the round. DS365 will use the… Read More
Pan-African private equity firm AfricInvest has sold its 20.06 percent stake in Tunisia-based seed, fresh vegetable and young plant producer Cotugrain Hortimag to a consortium composed of BIAT Capital Risque, the private equity arm of Tunisia-based bank BIAT, and Adel Ghariani, the company’s owner. AfricInvest originally invested in Cotugrain in… Read More
Central & Eastern Europe-focused mid-market private equity firm Abris Capital Partners has acquired Warsaw Stock Exchange-listed fish processing company Graal through a tender offer completed in partnership with company founder Boguslaw Kowalski, who previously held a 44 percent stake in the business. Abris and Kowalski reportedly offered PLN32 (approximately US$7.65)… Read More
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa, has invested in Egypt-based Kaumeya Language Schools (KLS), a K-12 school established in 1959. Development finance institution European Bank for Reconstruction and Development also provided financing. KLS intends to use the new… Read More
Korea-focused private equity firm IMM Investment has agreed to acquire Korea-based waste management and recycling services provider Eco Management Korea Holdings from JP Morgan Asset Management for KRW400 billion (approximately US$338 million). Almost half of the funding for the deal will come from IMM Investment’s blind pool fund, while the… Read More
Brookfield Asset Management and France-based industrial services and solutions company Suez have agreed to acquire Peru-based water infrastructure concessions H2Olmos and Concesionaria Trasvase Olmos from Odebrecht Latininvest, a subsidiary of Brazil-based engineering group Odebrecht. Both concessions form part of the Olmos project, which consists of a trans-Andean water transfer tunnel… Read More
Aspada Advisors, an investment firm focused on small and medium-sized enterprises in India, and the Michael & Susan Dell Foundation have invested INR67 million (approximately US$1 million) in India-based school financing company Shiksha Financial Services. Aspada invested through Aspada Investment Company. Shiksha will use the new capital to launch more… Read More
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