South Africa-focused fund manager Rockwood Private Equity has agreed to sell its stake in South Africa-based polypropylene and high-density polyethylene manufacturer Safripol as part of a ZAR4.1 billion (approximately US$307 million) acquisition by Johannesburg-listed conglomerate KAP Industrial Holdings. The management of Safripol and South Africa-based investment holding company Thebe Investment… Read More
Global alternative asset manager The Carlyle Group and individual investor Guilherme Paulus have sold a combined 45 percent stake in Brazil-based travel agency CVC Brasil Operadora e Agência de Viagens via a secondary offering with restricted distribution on the BM&FBOVESPA. Carlyle and Paulus, who co-founded CVC in 1972, sold 60… Read More
Egypt-focused private equity fund manager BPE Partners has partnered with Daikin Europe, a wholly-owned subsidiary of Japan-based air conditioning equipment manufacturer Daikin Industries, to establish Daikin Air Conditioning Egypt. The subsidiary, which began operations in August 2016, will focus on expanding Daikin’s business within Egypt, as well as the broader… Read More
Venture capital firm Formation Group has led a US$66 million Series C round for South Korea-based beauty products e-commerce company Memebox. Early-stage investors Goodwater Capital and Pejman Mar Ventures also participated in the round. Memebox will use the new capital to expand globally. … Read More
CDIB Capital, the international private equity arm of China Development Financial, has invested CNY200 million (approximately US$30 million) in China-based outdoor sporting goods retail platform Tutwo Outdoor. CDIB Capital invested through CDIB Capital Asia Partners. Established in 2006, Tutwo operates more than 900 stores across China. 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 US$20 million to telecommunications infrastructure platform Helios Towers Africa (HTA) as part of a syndicated loan totaling US$105 million. HTA will use… Read More
Venture capital firm GSR Ventures has participated in a CNY300 million (approximately US$45 million) Series B round for China-based point-of-sale solution provider Yunnex. Japan-based fast food restaurant chain Ajisen Ramen also participated in the round. Yunnex will use the new capital for research and development, as well as market expansion. Read More
India- and Southeast Asia-focused private equity firm Capital Square Partners has acquired a 55 percent stake in India-based IT services provider Indecomm Global Services for US$90 million. India-focused investment firm WestBridge Capital Partners, global investment firm Tiger Global Management and development finance institution International Finance Corporation sold their stakes in… Read More
Private equity firm Nordwind Capital has led a financing round for Iran-based online printing services provider ChapAgha.com (Mr. Print). The company will use the new capital to acquire new printers, expand its product line and develop a mobile application. Financial details of the transaction were not disclosed. … Read More
Vietnam-focused private equity firm Mekong Capital has invested in Vietnam-based cold chain logistics specialist ABA Cooltrans through Mekong Enterprise Fund III. With Mekong Capital’s support, ABA Cooltrans will strengthen its management team, incorporate best practices and improve service quality. Financial details of the transaction were not disclosed. … Read More
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