SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has invested in India-based Synergy Kitchens & Hospitality, a catering company and provider of on-site kitchens in hospitals, marketed under the brand name Rozzana. Financial details of the transaction, which was structured through SEAF India Agribusiness International Fund, were not disclosed. Read More
Private equity firms Warburg Pincus, Kedaara Capital and ChrysCapital and development finance institution International Finance Corporation (IFC) have partially exited their stakes in India-based lender Au Financiers alongside private equity firm Motilal Oswal Private Equity, which fully exited its stake. The deal was worth INR7.51 billion (approximately US$110 million). The… Read More
Global alternative asset manager The Carlyle Group has invested in Inca Rail, a train operator in Peru that transports tourists to Machu Picchu. The investment was structured through Carlyle Peru Fund and Carlyle South America Buyout Fund. Carlyle will partner with Inca Rail’s current shareholders and management to improve the… Read More
Africa-focused private investment firm Helios Investment Partners and Netherlands-based energy trader The Vitol Group have acquired a 49 percent stake in OVH Energy, the downstream business of Nigeria-based oil and gas company Oando. The transaction was structured as a US$210 million recapitalization through HV Investments II, a joint venture owned… Read More
Asia-focused private equity firm Navis Capital Partners has agreed to invest in Indonesia-based medical device distributor Tawada Healthcare. Navis intends to help Tawada attract top talent, upgrade its systems and processes, and explore mergers and acquisitions. Separately, Navis has invested in Vietnam-based primary healthcare operator Hanoi French Hospital. Navis’s support… Read More
Philanthropic investment firm Omidyar Network has led a Series B funding round for India-based investment services provider Scripbox. Existing investors in the company, including venture capital firm Accel Partners and angel investors, also participated in the round. Scripbox will use the new capital to expand its user base. Financial details… Read More
Aqua Capital, a private equity firm focused on growth investments in mid-market companies in Latin America, has acquired a controlling stake in Brazil-based agricultural inputs distribution company Rural Brasil for a reported BRL86 million (approximately US$26 million). Aqua Capital now holds a 60 percent stake in the company. Rural Brasil… Read More
Development finance institution International Finance Corporation (IFC) and clean energy-focused private equity firm Armstrong Asset Management have acquired 16 and 20 percent stakes, respectively, in Vietnam-based renewable energy company Gia Lai Electricity (GEC). Armstrong structured its commitment through Armstrong South East Asia Clean Energy Fund. With IFC and Armstrong’s support,… Read More
China-focused venture capital firm Lightspeed China Partners (LCP) has reached a final close for Lightspeed China Partners III with US$260 million in capital commitments. Separately, the firm has reached an interim close of an undisclosed amount for its RMB fund. With USD and RMB dual-currency venture funds, LCP plans to… Read More
Middle East- and Africa-focused fund manager The EuroMena Funds has invested US$20 million in Lebanon-based bank Credit Libanais. The transaction was structured through EuroMena III. EuroMena acquired the shares as part of the sale of 9.41 million shares in Credit Libanais by investment bank EFG-Hermes. Credit Libanais provides a range of… Read More
(default archive template)