Sub-Saharan Africa-focused private equity firm Adenia Partners has invested in Ghana-based auto-refinish and industrial coatings manufacturer and marketer Cresta Paints. The transaction was structured through Adenia Capital (III). The company will use the new investment to increase its exports, expand internationally and develop its products. Financial details of the transaction… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has reached a first close for Golden Gate Ventures Fund II with US$35 million in capital commitments. Investors in the first close included Singaporean sovereign wealth fund Temasek, angel investor Eduardo Saverin, European multi-family office Monitor Capital Partners, Singapore’s National Research… Read More
African investment management firm Convergence Partners has reached a final close for Convergence Partners Communication Infrastructure Fund (CPCIF) with more than US$200 million in capital commitments. The fund targets ICT infrastructure investments in Africa. Investors in CPCIF included: the Public Investment Corporation, the asset management company of South Africa’s Government… Read More
African investment management firm Convergence Partners has reached a final close for Convergence Partners Communication Infrastructure Fund (CPCIF) with more than US$200 million in capital commitments. The fund targets ICT infrastructure investments in Africa. Investors in CPCIF included: the Public Investment Corporation, the asset management company of South Africa’s Government… Read More
China-based peer-to-peer lending website Firstp2p has completed a US$41 million Series B funding round from private equity firm CITIC Capital, venture capital firm ChinaEquity and principal investment firm San Shan Capital Partners. Firstp2p will use the new funds to scale its online lending business and add new business lines in… Read More
Global private equity fund manager Northgate Capital has acquired a 49 percent stake in Grupo Diniz, a Mexico-based operator of entertainment centers under the Recórcholis! brand. The fresh capital will support the company’s plan to expand its number of entertainment centers in Mexico over the next five years. Financial details… Read More
North Africa-focused private equity firm Mediterrania Capital Partners has reached a final close for its second fund, Mediterrania Capital II, with EUR120 million (approximately US$132 million) in capital commitments. The fund seeks growth opportunities in the Maghreb region, with potential expansion into Sub-Saharan Africa. Read More
Africa-focused private investment firm Helios Investment Partners has agreed to acquire a 100 percent stake in Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) from international development company Crown Agents. CAB and CAIM are financial services providers focused on the needs of governments, development organizations, financial institutions and… Read More
Global alternative asset manager The Carlyle Group has agreed to sell its minority stake in Tanzania-based agriculture processing and logistics company Export Trading Group to the company’s management. Financial details of the transaction, which will be structured through Carlyle Sub-Saharan Africa Fund, were not disclosed. Read More
Private equity and investment advisory firm CVC Capital Partners has agreed to acquire PKP Energetyka (PKPE), the energy unit of the Polish National Railways, in a transaction that values the company at PLN2 billion (approximately US$520 million). PKPE is an electricity distributor to the Polish railway network and to other… Read More
(default archive template)