North Africa-focused private equity firm Mediterrania Capital Partners has invested in Morocco-based IT business system integrator MedTech Group. The transaction was structured through Mediterrania Capital II. MedTech operates in the software, hardware and middleware infrastructure, payment solutions, and telecom and network systems sectors. Financial details of the transaction were not… Read More
Middle East-focused alternative asset manager Gulf Capital has reached a third close for its second private debt fund, GC Credit Opportunities Fund II, with US$222.5 million in capital commitments. The fund previously held a second close in May with US$202.5 million in commitments. Investors in the fund included development finance… Read More
Global private equity firm Providence Equity Partners has sold a 3.47 percent stake in Bombay Stock Exchange and the National Stock Exchange-listed telecommunication service provider Idea Cellular for INR1.38 billion (approximately US$204 million) via an open market sale. Providence, which originally invested in Idea Cellular in 2006, holds a remaining… Read More
Global private equity firm Warburg Pincus has agreed to sell a 10.4 percent stake in NASDAQ-listed blood plasma-based biopharmaceutical company China Biologic Products in an underwritten public offering. Warburg Pincus, which originally invested in Biologic through Warburg Pincus Private Equity X, will sell 2.78 million shares. The offering is expected… Read More
Global growth markets investor The Abraaj Group has listed Egypt-based healthcare provider Cleopatra Hospital on the Egyptian Exchange, raising EGP360 million (approximately US$40.5 million) in an initial public offering (IPO). Abraaj, which originally invested in Cleopatra Hospital in 2014 through Abraaj Private Equity Fund IV and Abraaj North Africa Fund… Read More
Southeast Asia-focused venture capital firm Kejora Ventures has agreed to invest in a Series A financing round for Indonesia-based online peer-to-peer lending marketplace Investree. The company, which connects lenders with borrowers, plans to use the capital hire new talent — from marketing personnel to legal experts; as well as establish sales… Read More
Africa-focused investment management firm Convergence Partners has invested US$1 million in South Africa-based load balancing, web acceleration and security software company Snapt. The company, which has a reported client base of 10,000 customers across 50 countries, plans to use the new capital to expand internationally. … Read More
China-focused private equity firm Lunar Capital has agreed to buy a 10.4 percent stake in Honworld Group, a cooking wine manufacturer listed on the Hong Kong Stock Exchange. Lunar Capital will subscribe to 60 million shares in the company at HKD6.00 (approximately US$0.77) per share, totaling gross proceeds for the… Read More
Pan-emerging markets private equity firm Actis has sold a seven percent stake in Edita Food Industries, an Egypt-based snack food company. Actis sold 50.7 million shares for an average price of EGP17.85 (approximately US$2.00) per share, for total proceeds of EGP906 million (approximately US$102 million). Separately, Actis has reached a… Read More
Pátria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, will invest BRL450 million (approximately US$126 million) in Brazil-based data center company ODATA. The company received an initial investment of BRL200 million (approximately US$56 million), which will be used to build a data center in Santana de… Read More
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