Africa-focused telecom tower company Eaton Towers has raised US$350 million in a new round of funding. Participants in the round included existing shareholders Capital Group Private Markets, a global private equity investor, and pan-African private equity firm Development Partners International (DPI), as well as new investors Ethos Private Equity, a… Read More
Pan-African private investment firm Helios Investment Partners has agreed to invest US$100 million for a 12.4 percent stake in Stockholm- and Toronto-listed Africa Oil, an oil and gas company with assets in Kenya, Ethiopia and Somalia. Africa Oil intends to use the capital to help finance its ongoing appraisal and… Read More
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today announced its 2015 Global Engagement Call for Proposals from fund managers seeking OPIC financing for private equity investment funds. Through a competitive process open for submissions from 11 May – 8 June, OPIC will select funds targeting… Read More
AnaCap Financial Partners, a Europe-focused specialist investor in financial services companies and credit opportunities, has agreed to acquire a 100 percent stake in Poland-based lender FM Bank PBP from Central and Eastern Europe-focused private equity fund manager Abris Capital Partners. AnaCap’s investment will reportedly total more than EUR200 million (approximately… Read More
Brazil-focused growth equity investment group DGF Investimentos has invested BRL30 million (approximately US$10 million) for a minority stake in Brazil-based business-to-business e-commerce company Mercado Eletrônico. Mercado Eletrônico intends to use the new funds to attract new medium-sized businesses to its platform. Read More
Indonesia-based financial services group Reliance Capital Management has received IDR562 billion (approximately US$43 million) from emerging markets financial services investor LeapFrog Investments, Dutch development bank FMO and global reinsurer PartnerRe. Reliance serves 750,000 clients and operates 37 office locations in 20 cities throughout Indonesia. Read More
Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to sell its 100 percent stake in Poland-based automotive glass manufacturer NordGlass to Belgium-based flat glass producer AGC Automotive Europe for EUR80 million (approximately US$87 million). The transaction is subject to regulatory approval. Enterprise Investors… Read More
Global investment firm Platinum Equity has acquired a majority stake in Ying Shing Enterprises from the company’s founder, who will remain a minority shareholder. Ying Shing is a China-based manufacturing solutions provider for customized precision-engineered plastic injection molded and metal stamping components. Platinum Equity intends to expand the business through… Read More
India-based goods and passenger transport services provider VRL Logistics has completed an IPO on the Bombay Stock Exchange and National Stock Exchange, which included a fresh issue of shares as well as exits for promoters of the company and New Silk Route Growth Capital (NSR), an Asia-focused growth capital firm. Read More
TPG Growth, the middle market and growth equity investment platform of global private investment firm TPG, has reached a final close for TPG Growth Fund III with more than US$3 billion in capital commitments. The fund, which surpassed its initial target of US$2.75 billion, has an investor base including public… Read More
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