Technology-focused venture capital firm Amadeus Capital Partners has led a US$40 million financing round for South Africa-based online travel agency Travelstart. South Africa-based mobile telecommunications company MTN Group also participated in the round. Travelstart will use the new capital to expand into key markets and to grow its team and… Read More
EMPEA, the global industry association for private capital in emerging markets, announces today that it has appointed André Roux to serve as a Senior Advisor to the organization and Chair of its Africa Council. Mr. Roux previously served on EMPEA’s Board of Directors from the association’s inception in 2004 to… Read More
Mexico-focused private equity fund manager EMX Capital has acquired the Mexico unit of fire and safety products, systems and service provider Kidde. The company manufactures smoke and carbon monoxide detectors, fire extinguishers and safety accessories for both homes and businesses. Financial details of the transaction were not disclosed. Read More
Bamboo Finance, a private equity firm specializing in investing in essential services sectors in emerging economies, has invested US$6 million as part of a Series B financing round for Colombia-based banking correspondent agent network MovilRed. The transaction was structured through Bamboo Finance Financial Inclusion Fund II. MovilRed offers financial and… Read More
Hong Kong-listed parent company Kingsoft, China-based investment entity ChinaAMC Special Investment and venture capital firm IDG Capital Partners have agreed to invest US$60 million in China-based cloud hosting, storage and database services company Kingsoft Cloud Group. Kingsoft will invest US$31.1 million, while ChinaAMC Special Investment and IDG will contribute US$26.31… Read More
Central and Eastern Europe-focused private equity group MCI Management has agreed to sell its 80 percent stake in Czech Republic-based online travel agency Invia to global venture capital firm Rockaway Capital for PLN270 million (approximately US$68 million). Including MCI’s stake, Rockaway Capital will acquire Invia for a reported total transaction… Read More
CDIB Capital, the international private equity arm of China Development Financial, has invested US$30 million in China-based recycled fiber, filament and fabric manufacturer Anhui Dong Jin Renewable Resource Technology (Dong Jin). The transaction was structured through CDIB Capital Asia Partners Fund. With CDIB Capital’s support, Dong Jin will expand its… Read More
Central Africa-focused private equity firm XSML has reached a first close for its African Rivers Fund with US$45 million in capital commitments. The fund will provide debt, equity and mezzanine financing to small- and medium-sized enterprises in Central Africa. Investors in the fund included development finance institutions International Finance Corporation,… Read More
International investment group Axon Partners Group has invested US$2 million in Mercadoni, a food delivery platform operating in Mexico and Colombia. The transaction was structured through Axon’s Amerigo Pacific Ventures fund vehicle. With Axon’s support, Mercadoni plans to consolidate its market position in Mexico and Colombia. … Read More
Middle East-focused private equity firm Amwal AlKhaleej has sold its stake in Egypt-based consumer finance company Sarwa Capital, the parent company of car loan company Contact Car Trading, to the Egyptian-American Enterprise Fund, an investment fund set up by the United States government. Amwal AlKhaleej originally acquired a majority stake… Read More
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