Investment company Sustainability | Finance | Real Economies (SFRE) has reached a first close with US$40 million in capital commitments for SFRE Fund, an open-ended impact fund focusing on the financial sector. The fund seeks to invest globally in banks that deliver sustainable economic, environmental or social impact. Investors included… Read More
Mexico-focused growth equity and venture capital investor LIV Capital has acquired a controlling stake in WOBI, a Mexico-based management content production and distribution firm. WOBI intends to use the fresh funding to consolidate its position in Latin America and expand in international growth markets. Financial details of the transaction were… Read More
China-focused private equity and venture capital firm CDH Investments has invested RMB140 million (approximately US$23 million) as part of an RMB400 million (approximately US$65 million) Series A round for China-based dairy company Zhongding Dairy Farming. The company will use the new funds to expand and consolidate its dairy assets. Read More
Global growth markets investor The Abraaj Group has exited its investment in Egypt-based business process outsourcing and contact center outsourcing company ECCO Outsourcing through a strategic sale to Saham Services, a subsidiary of Morocco-based conglomerate Saham Group. Abraaj initially invested in ECCO in 2013. Financial details of the transaction were… Read More
Asia-focused private equity firm Baring Private Equity Asia has agreed to purchase a 57 percent stake in India-based cash management company CMS Info Systems for US$250 million from global investment and advisory firm The Blackstone Group. CMS provides ATM-related cash management services, including cash delivery and pick-ups and in-transit services. Read More
Global alternative asset manager The Carlyle Group, in partnership with Brazil-based bank Banco do Brasil, has reached a final close for its Brazil-focused buyout fund Fundo Brasil de Internacionalização de Empresas II with BRL700 million (approximately US$225 million) in capital commitments. The fund was raised primarily from Brazil-based institutions and… Read More
NBK Capital Partners, a firm focused on private equity and mezzanine investments in the Middle East and North Africa, has completed the realization of its mezzanine investment in Turkey-based pharmaceuticals company Dem Pharmaceutical. The transaction was structured through NBK Capital Mezzanine Fund I. NBK Capital initially invested in Dem Pharmaceutical… Read More
China-based parenting e-commerce website Lamabang has raised US$100 million in a Series C round of funding led by China-based online retailer Vipshop, with participation from venture capital firms Matrix Partners China and Morningside Technologies and asset management firm Greenwoods Asset Management. Lamabang raised US$20 million in Series B funding led… Read More
Brazil-focused private equity firm DLM Invista has agreed to purchase a minority stake in Brazil-based enterprise mobility solutions provider Navita. Navita previously received funding from venture capital firms Invest Tech and Intel Capital in 2009 and 2014, respectively. Financial details of the transaction were not disclosed. Read More
Enko Capital Managers, an Africa-focused asset management firm, has acquired a minority stake in Madison Financial Services, a Zambia-based insurance and financial services company. The transaction was structured through Enko Africa Private Equity Fund. Financial details of the transaction were not disclosed. Read More
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