Lenskart, an India-based eyewear manufacturer, distributor and retailer, has raised INR4 billion (approximately US$60 million) in a Series D round led by development finance institution International Finance Corporation (IFC). Additional investors in the round included private equity firms TPG Growth and Adveq Management, venture capital firm IDG Ventures India and… Read More
Global growth investor The Abraaj Group has exited its investment in Tunisia-based pharmaceutical company Unité de Fabrication de Médicaments (Unimed) through an initial public offering (IPO) on the Tunis Stock Exchange. The IPO was priced at TND11.8 (approximately US$5.91) per share, implying a market capitalization of TND300 million (approximately US$150… Read More
Latin America-focused private equity firm Southern Cross Group has agreed to acquire 100 percent of Petrobras Chile Distribución (PCD), the Chile-based distribution subsidiary of Brazilian state-owned oil company Petrobras, for approximately US$490 million. PCD owns 279 service stations, eight fuel distribution terminals, operations in 11 airports, one lubricants plant and… Read More
CDIB Capital, the international private equity arm of China Development Financial, has participated in a US$45 million investment in China-based integrated logistics and supply chain management service provider Best Logistics Technologies. Other co-investors in the round were not disclosed. Best Logistics plans to use the capital to expand core operations… Read More
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has backed Opham, a Madagascar-based pharmaceutical products wholesaler. The transaction was structured through Adenia Capital III. Development finance institution FMO and a family office also participated in the round. Financial details of the… Read More
India-focused private equity firm IDFC Alternatives has invested approximately US$70 million in a portfolio of operating solar and wind assets to kick-start the formation of an India-focused renewable energy platform. IDFC Alternatives will structure the platform similar to Highway Concessions One, its platform for managing road assets. The transaction is… Read More
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
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