Global private equity firms Warburg Pincus and General Atlantic have agreed to acquire a 49 percent stake in United Arab Emirates-based payments solutions provider Network International from global growth markets investor The Abraaj Group. The Abraaj Group originally invested in the company, which has a reported enterprise value of more… Read More
Pan-emerging markets private equity firm Actis has acquired a majority stake in Nigeria-based pension fund administrator Sigma Pensions for US$62 million. Actis has partnered with Sigma’s founder and Chief Executive Officer Umaru Modibbo and the company’s current management team in the transaction. Sigma Pensions was founded in 2004 and reportedly… Read More
Southeast Asia-focused private equity fund manager Northstar Group has reached a final close on Northstar Equity Partners IV with US$810 million in capital commitments. The fund was launched in 2014 with a target of around US$800 million. Northstar Equity Partners IV will follow a similar strategy to its predecessor, aiming… Read More
Global private markets investment manager Partners Group has acquired a minority stake in China-based maternity, baby and children’s products retailer Aiyingshi from China-focused growth capital investor China New Enterprise Investment and two other existing shareholders. With Partners Group’s backing, Aiyingshi plans to improve operations and expand internationally. Financial details of… Read More
Brazil-focused private equity firm Alothon Group has acquired a controlling interest in Brazil-based holding company Grupo MPR. The transaction was structured through Alothon Fund III. Grupo MPR’s main commercial activities are in its ownership of Brazil-based cleaning product and consumer good producer CNA and Brazil-based industrial alcohol provider Alcool Ferreira. Read More
Global growth markets investor The Abraaj Group, development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (IFC AMC), a wholly-owned subsidiary of IFC, have agreed to sell a combined 30 percent stake in Morocco-based insurance group Saham Finances to Saham Finances’ parent company Saham Group and Johannesburg… Read More
Dan Mintz, Chief Executive Officer of Los Angeles-based media company DMG Entertainment, has signed a deal to acquire a 62 percent stake in Taiwan-based television network Eastern Broadcasting Corporation (EBC) from global alternative asset manager The Carlyle Group for a reported deal value of US$600 million. Carlyle originally invested in… Read More
Venture capital firms IDG Ventures India and Accel Partners India have participated in a US$2 million pre-Series A round for India-based online home appliances and furniture rental start-up RentoMojo. The company, which was founded in November 2014, plans to use the funding to expand across India. … Read More
Global private equity firm Warburg Pincus has reached a final close on its latest global fund, Warburg Pincus Private Equity XII, with US$12 billion in capital commitments. Investors included public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals, with considerable participation from investors outside… Read More
China-based snack and beverage group Dali Foods Group has raised HKD8.9 billion (approximately US$1.1 billion) in an initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 1.69 billion shares at HKD5.25 (approximately US$0.68) apiece. Dali Foods Group is backed by private equity and venture capital firm… Read More
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