Venture capital firm Energy Access Ventures (EAV) has led a US$4.3 million Series A round for Ghana-based pay-as-you-go financing company PEG with participation from impact investment group Investisseurs & Partenaires (I&P). Other investors included family office Blue Haven Initiative and Engie Rassembleurs d’Energie, the sustainable energy initiative of power generation… Read More
Bulgaria-focused growth private equity firm BlackPeak Capital and venture capital group PostScriptum Ventures have acquired a minority stake in Software Group, a Bulgaria-based IT vendor for microfinance institutions, credit unions and banks. Software Group plans to use the new capital to support its global expansion, facilitate research and development, and… Read More
South African venture capital firm 4Di Capital has reached a first close for its new technology venture capital fund with ZAR256 million (approximately US$16.8 million) in capital commitments. Investors in the fund included Exponential Ventures, the investment arm of Johannesburg Stock Exchange-listed financial services group MMI Holdings. The fund will… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has agreed to sell its stake in Brazil-based fuel distributor Alesat Combustíveis (ALE) to Brazil-based fuel company Ipiranga Produtos de Petróleo. The total value of the acquisition of ALE by Ipiranga is BRL2.1 billion (approximately US$614 million). Darby Private… Read More
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa, has held a first close for NBK Capital Partners Mezzanine Fund II with US$110 million in capital commitments. Investors in the fund include institutional investors and family offices. The fund will target… Read More
Africa-focused private investment firm Helios Investment Partners has acquired a 60 percent stake in landline phone service provider Telkom Kenya from France-based telecommunications company Orange. The transaction was structured through Helios Investors III. The Government of Kenya also increased its stake in Telkom Kenya from 30 percent to 40 percent. … Read More
Investment manager BPM Capital has provided mezzanine financing for the management buyout of Optometrijas Centrs, a retailer and wholesaler of eye care products in Latvia and Lithuania. The transaction was structured through BPM Mezzanine Fund. Optometrijas Centrs was founded in 1992 and manages eye care stores under various brands, as… Read More
Frontier markets-focused private equity firm Schulze Global Investments has acquired a 43 percent stake in Ethiopia-based water bottling company Origin Investment. With Schulze’s support, Origin intends to increase production and create employment opportunities. Financial details of the transaction were not disclosed. Read More
India-focused private equity firm Rabo Equity Advisors has acquired a minority stake in India-based agrochemical company Parijat Industries for approximately INR1 billion (approximately US$15 million). The transaction was structured through India Agri Business Fund II, a fund managed by Rabo Equity Advisors. Parijat will use the new capital to grow… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to acquire a controlling stake in Macau-based footwear component supplier ISA Industrial. The company’s founders will retain a minority stake and some members of the company’s senior management will co-invest alongside Navis. ISA Industrial operates factories in Vietnam, China and… Read More
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