Kudu, a Saudi Arabia-based restaurant group, has raised sharia-compliant debt funding from global growth markets investor The Abraaj Group and global private investment firm TPG. The investment was structured through a vehicle jointly owned by Abraaj and TPG. Financial details of the transaction were not disclosed. Read More
9fbank.com, a China-based online finance platform, has raised $110 million in a round of funding. Investors in the round included China-focused venture capital firm IDG Capital Partners; SIG Asia Investment, the venture capital and private equity arm of the Susquehanna International Group; China-based financial services holding company Ping An Insurance;… Read More
Global energy-focused private equity firm Denham Capital has sold its stake in Fotowatio Renewable Ventures (FRV), a global solar development company with a portfolio spanning Australia, the Middle East, Africa and Latin America, to Abdul Latif Jameel Energy and Environmental Services, the energy and environmental services arm of Saudi Arabia-… Read More
WoWo, a China-based entertainment-focused e-commerce platform backed by China-focused private equity and venture capital firm CDH Investments and private investment firm Tianyou Investment, has raised US$40 million in an initial public offering (IPO). The company listed on the NASDAQ Stock Market on 8 April, selling four million shares at US$10… Read More
Pan-African mezzanine fund manager Vantage Capital and Dutch development bank FMO have exited their ZAR220 million (approximately US$31 million) investment in Safripol, a South Africa-based plastic polymer manufacturer. In 2007, Vantage Capital and FMO funded Thebe Investment Corporation, a South Africa-based black economic empowerment investment company, to acquire a stake… Read More
A consortium led by Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has acquired a minority stake in Turkey-based apparel retailer Defacto Perakende Ticaret. The investment was structured through Templeton Strategic Emerging Markets Fund IV, which is managed by Templeton Emerging Markets Group of Templeton Asset Management. Read More
Aqua Capital, a private equity fund manager focused on mid-sized agribusiness, food and logistics companies in South America, has acquired a majority stake in Grand Cru, a Brazil-based wine retailer. Grand Cru intends to use the new funding to increase its number of stores within Brazil and expand its e-commerce… Read More
Pan-emerging markets private equity firm Actis has sold a 15 percent stake in Edita Food Industries, an Egypt-based snack food company, through an oversubscribed initial public offering (IPO) on the Egyptian Exchange and the London Stock Exchange. Actis sold 54.4 million shares in the offering at a price of EGP18.5… Read More
Legend Capital, the venture capital arm of China-based investment group Legend Holdings, and SIG Asia Investments, the venture capital and private equity arm of the Susquehanna International Group, have led a Series C investment round in Ppdai.com, a China-based peer-to-peer lending company. Venture capital firms Sequoia Capital and Lightspeed China… Read More
Global private equity firm Advent International has sold Partner in Pet Food (PPF), a Hungary-based pet food company, to global private equity firm Pamplona Capital Management for EUR315 million (approximately US$339 million). Pamplona’s investment was structured through its Pamplona Capital Partners IV fund. Advent initially acquired PPF through a carve-out… Read More
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