Middle East-focused alterative investment firm Gulf Capital has acquired 100 percent of Saudi Arabia-based food and beverage distribution company Multibrands Trading. Gulf Capital plans to grow the business through geographic diversification and product expansion. Financial details of the transaction were not disclosed. Read More
Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has partially exited Hong Kong-based financial advisor AMTD to China-based investment firms China Minsheng International and LR Capital Group. With Minsheng and LR Capital’s entry, MSPEA reduced its holding in AMTD to 9.9 percent, returning a reported US$94.2 million including… Read More
Bulgaria-focused growth private equity firm BlackPeak Capital and GlobeCap Investment, the Bulgarian subsidiary of Saudi Arabia-based investment firm ID Global, have acquired a minority stake in Bulgaria-based tour operator Astral Holidays International for a reported BGN2.5 million (approximately US$1.4 million). Astral plans to use the funding to develop its incoming,… Read More
MENA-focused private equity firm Emerging Investment Partners (EIP) has participated in the US$17 million acquisition of United Arab Emirates-based Diamond Meat Processing, a food producer that operates under the Almasa brand, from Dubai-based investment company Al Ghuarair Group. Other investors included Jordan-based meat producer Siniora Food Industries and several undisclosed… Read More
Indonesia-based budget hotel aggregator Nida Rooms has raised US$4.2 million in a pre-Series A financing round from Indonesia-focused early-stage technology venture capital firm Convergence Ventures and internet services-focused investor CyberAgent Ventures. The company plans to use the new funds to expand its business in Indonesia and Southeast Asia. Read More
European financial brokerage X-Trade Brokers (XTB) has completed an initial public offering (IPO) on the Warsaw Stock Exchange. Company founders reduced their stake from 80.8 percent to 66.8 percent in the offering, generating gross proceeds of EUR43 million (approximately US$49 million). Enterprise Investors, a Central and Eastern Europe-focused private equity… Read More
India-focused private equity fund manager ICICI Venture has acquired a minority stake in Anthea Aromatics, an India-based manufacturer of chemical inputs for the food flavoring and fragrance industry, for INR1.2 billion (approximately US$18 million). The transaction was structured through India Advantage Fund Series 4. Anthea was founded in 1991 and… Read More
Pan-African private equity firm 8 Miles has acquired a minority stake in Verde Beef Processing, an Ethiopia-based beef producer. With the new investment, the company plans to expand its base of 6,000 animals and build its own slaughterhouse and meat processing facility. Financial details of the transaction were not disclosed. Read More
Global private equity firm Advent International has agreed to acquire Mexico-based agrochemical manufacturer VIAKEM. Founded in 1938, VIAKEM manufactures crop protection chemicals for global agrochemical companies. Financial details of the transaction, which is expected to close in the third quarter of 2016, were not disclosed. Read More
Pan-African mezzanine fund manager Vantage Capital has provided a debenture facility of NAD80 million (approximately US$5.5 million) to Namibia-based hospitality and property company United Africa Group (UAG). The transaction was structured through Vantage Capital Fund III. UAG will use the funding to support its equity contribution to the construction of… Read More
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