CEE and CIS-focused mid-market private equity firm Abris Capital Partners has agreed to sell Poland-based waste management platform Novago to China Everbright International, the Hong Kong-listed industrial subsidiary of China Everbright Group. Abris Capital Partners originally acquired a majority stake in Novago in 2013. Financial details of the transaction, which… Read More
India-based software-as-a-service workforce management platform FarEye has raised US$3.5 million in a Series A financing round from Asia-focused private equity firm SAIF Partners. FarEye intends to use the new capital to double its staff. Separately, SAIF Partners has led a US$1.2 million pre-Series A financing round for India-based online counselling… Read More
Private equity fund manager Phatisa has invested in South Africa-based equipment distributer Torre Equipment Africa (TEA). With Phatisa’s support, TEA intends to expand its product offering and sales within the agricultural sector. TEA operates in Côte d’Ivoire, Ghana, Liberia, Sierra Leone, Cameroon and Botswana, among others. Financial details of the… Read More
Global renewable energy developer Mainstream Renewable Power has signed a US$117.5 million equity investment from development finance institution International Finance Corporation (IFC); IFC Asset Management Company (IFC AMC), a wholly-owned subsidiary of IFC; Ascension Investment Management, an asset manager for faith-based organizations; and South Africa-based financial services group Sanlam. IFC… Read More
Energy-focused private equity firm Denham Capital has agreed to partner with Sub-Saharan Africa-focused renewable energy investment company GreenWish Partners to develop, build and finance a portfolio of 600 megawatts of renewable energy assets across Sub-Saharan Africa by 2020. The capital commitment will allow the new African renewables platform to carry… Read More
China-focused venture capital firm Northern Light Venture Capital and private equity firm New Horizon Capital have led a US$100 million financing round for China-based maternal and infant products e-commerce platform Beibei. Venture capital firm Banyan Capital and private equity firm Capital Today also participated in the round. Beibei will use… Read More
Mid Europa Partners, a private equity firm focused on Central and Eastern Europe and Turkey, has agreed to increase its stake in Hungary-based road freight transportation company Waberer's International from 56.8 percent to 97.1 percent. Mid Europa originally invested in Waberer’s in 2011. Financial details of the transaction, which is… Read More
MENA-focused private equity firm Emerging Investment Partners (EIP) has acquired General Cable Egypt (GC Egypt), the Egypt-based subsidiary of the United States-listed cable producer General Cable USA. With EIP’s support, GC Egypt intends to expand its market share in Egypt, as well as more broadly in the Middle East and… Read More
China-focused venture capital firm NewMargin Ventures has led a CNY70 million (approximately US$10.7 million) Series A financing round for China-based flower delivery platform Flower Plus. Other participants in the round included China-focused fund managers Guanghe Venture, Telescope Investment and Harmony Invest. Flower Plus plans to use the new capital to… Read More
Global private equity fund manager Northgate Capital has led an MXN530 million (approximately US$28.4 million) investment in Mexico-based hotel developer and operator Grupo Estancias Extendidas (Extended Suites) with participation from Mexico-focused private equity firm Alta Growth Capital. The company will use the capital to boost its expansion plan of adding… Read More
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