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
Asia-focused private equity firm Baring Private Equity Asia has reached a final close on Baring Private Equity Asia Fund VI with approximately US$4 billion in capital commitments, reaching its hard cap. Investors in the fund included Los Angeles City Employees' Retirement System, Texas County & District Retirement System, Pennsylvania Public… Read More
India-focused private equity firm IDFC Alternatives has agreed to acquire a 26 percent stake in India-based Delhi Cargo Service Centre, the cargo services operator at Delhi’s Indira Gandhi International Airport, for INR286 million (approximately US$4.6 million). The deal will be structured through IDFC’s India Infrastructure Fund II. IDFC will purchase… Read More
Global microfinance investor Accion and venture capital firm SAIF Partners have invested US$1 million in India-based Aye Finance, a provider of loans to micro, small, and medium-sized businesses. Accion’s investment was structured through its Venture Labs initiative. Read More
Global growth markets investor The Abraaj Group has acquired a 25 percent stake in Turkey-based online retailer Hepsiburada for a reported US$100 million. Hepsiburada intends to use the fresh capital to expand its e-commerce operations in Turkey, relocate to a new fulfillment center, improve its IT infrastructure and strengthen its… Read More
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