Southeast Asia-focused private equity firm KV Asia Capital has invested in a round of financing for Singapore-based premium chocolate manufacturer Aalst Chocolate. The investment was structured through KV Asia Capital’s investment vehicle International Chocolate and Cocoa Holdings. Aalst Chocolate intends to use the fresh funding to expand into new markets. Read More
Emerging markets-focused alternative asset manager Cartica Capital has sold a 1.4 percent stake in India-based kitchen appliance manufacturer TTK Prestige to India-focused public markets investment manager Nalanda Capital. The secondary sale totaled INR483 million (approximately US$7.8 million). Cartica’s remaining 1.5 percent stake is reportedly worth around INR530 million (approximately US$8.6… Read More
Mexico-focused fund of funds manager Fondo de Fondos has raised MXN3.3 billion (approximately US$219 million) for a new vehicle, which will make both fund investments and co-investments in private equity, infrastructure and real estate. It is structured as a CKD (Certificado de Capital de Desarrollo), a vehicle listed on the… Read More
Venture capital firms IDG Ventures India, Jungle Ventures and India Quotient have invested INR74 million (approximately US$1.2 million) in India-based Momoe Technologies, the operator of a mobile payments application. The company, which is currently active in Bangalore, offers an app-based payment option where users can pay using a virtual wallet. Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired a 17.1 percent stake in CIEL Finance, the Mauritius-based banking and financial services division of CIEL Group. Amethis Finance plans to increase its stake to 24.9 percent later in 2015. CIEL Finance intends… Read More
Emerging markets financial services investor LeapFrog Investments has invested US$25 million in AFB Mauritius (afb), a Mauritius-based financial technology company serving consumers and small businesses. The investment was structured through LeapFrog Financial Inclusion Fund II. Afb is active in Kenya, Zambia and Ghana, with plans to expand to adjacent markets… Read More
Southeast Asia- and India-focused private equity firm Creador Capital has invested INR1.35 billion (approximately US$22 million) in India-listed jewelry retailer PC Jeweller. The transaction was structured through Creador II. PC Jeweller operates jewelry showrooms across India, as well as an online retail platform. The company intends to use the fresh… Read More
Private equity fund manager Phatisa has entered into a partnership with Kenya-based property developer Africa Reit to develop a six-acre residential rental complex in Nairobi. The transaction will be structured through Phatisa’s Pan African Housing Fund. Once completed, this project will provide homes to approximately 1,400 young adults. Financial details… Read More
Brazil-focused alternative investment and asset management firm Vinci Partners has sold a 10 percent stake in Brazil-listed energy holding company Equatorial Energia via a share sale worth BRL522 million (approximately US$183 million). Vinci Partners continues to hold a 12.9 percent stake in the company. Read More
Cordiant Capital, a fund manager specializing in emerging markets investments, has reached a final close on its emerging markets-focused debt vehicle Cordiant Emerging Loan Fund IV with US$350 million in capital commitments. Investors included pension funds and insurance companies. The fund will focus on senior secured loans and has a… Read More
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