Global investment firm KKR and China-based property developer Sino-Ocean Group have agreed to invest HKD1.5 billion (approximately US$190 million) through new ordinary shares and perpetual convertible bond securities in Beijing Capital Juda, the Hong Kong-listed subsidiary of integrated property developer Beijing Capital Land. KKR will invest through China Growth Fund. Read More
Myanmar-focused private equity firm Delta Capital Myanmar, formerly known as PMM Partners, has reached a first close for Myanmar Opportunities Fund II with US$30 million in capital commitments. Investors in the fund include family offices and high-net worth individuals. The fund is targeting US$100 million in total commitments. Read More
Central & Eastern Europe-focused private equity firm Enterprise Investors has agreed to sell its 100 percent stake in Romania-based supermarket chain Profi Rom Food to private equity firm Mid Europa Partners for EUR533 million (approximately US$566 million). Enterprise Investors originally acquired Profi Rom Food through Polish Enterprise Fund VI in… Read More
Advisory and investment firm Delta Partners Capital has led an INR1.33 billion (approximately US$19.5 million) Series C round for India-based cloud telephone solutions provider Knowlarity Communications. Other equity investors in the round included venture capital firms Sequoia Capital and Mayfield Fund, while advisory and investment firm Blacksoil Capital and venture… Read More
Emerging markets-focused specialist investor LeapFrog Investments has acquired a majority stake in Kenya-based pharmaceutical retailer Goodlife Pharmacy for US$22 million. As part of the acquisition, East Africa-focused private equity firm Catalyst Principal Partners has fully exited its stake in the company. Catalyst originally invested in Goodlife in 2014 through Catalyst… Read More
MENA-focused alternative investment manager Investcorp has acquired a stake in Saudi Arabia-based Al Borg Medical Laboratories, a private medical laboratory chain operating across eight countries in the Persian Gulf region and Africa. With Investcorp’s support, Al Borg Medical Laboratories will further expand in Saudi Arabia and across the region. Financial… Read More
Indonesia-focused investment firm Falcon House Partners has reached a final close for its second fund with US$400 million in capital commitments, surpassing its US$300 million target. Investors in the fund include university endowments, charitable foundations and funds of funds. Development finance institutions International Finance Corporation, FMO and DEG reportedly committed… Read More
LGT Impact Ventures, the impact investment arm of LGT Group, has led an INR700 million (approximately US$10 million) Series B round for India-based micro-enterprise lender AYE Finance. Venture capital firm SAIF Partners and Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, also participated. AYE Finance will… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has provided a US$25 million loan to CECA SL Generation, a joint venture set up by power developers TCQ Power and Globeleq to build… Read More
Africa-focused private equity fund manager Phatisa and Kanthu Nkhama Capital have agreed to acquire a 55 percent stake in South Africa-based construction equipment supplier Kanu Equipment from Johannesburg Stock Exchange-listed industrial group Torre Industries for a total consideration of US$27 million. Phatisa will invest through African Agriculture Fund and increase… Read More
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