Global growth markets investor The Abraaj Group has acquired a stake in BRN Yatak Baza Ev Tekstili İnşaat Sanayi Ticaret (BRN Sleep Products), a Turkey-based mattress and sleep products manufacturer, in partnership with development finance institution EBRD. Financial details of the transaction, which was structured through Abraaj’s Anatolia Growth Capital… Read More
Private investment fund manager One Thousand & One Voices has invested in South Africa-based RedSun Dried Fruit & Nuts, a processor and distributor of raisins. The company intends to use the financing to double its current workforce over the next year. Financial details of the transaction, which was structured through… Read More
Global investment firm Tiger Global has led a Series A financing round for Brazil-based taxi app 99Taxis. Previous backers Monashees Capital, a Brazil-focused venture capital firm, and Qualcomm Ventures, the global investment arm of Qualcomm, also participated in the round. The company intends to use the investment to strengthen its… Read More
Central Europe and Turkey-focused private equity firm Mid Europa Partners has signed a binding agreement to acquire a controlling interest in Danube Foods Group and Clates Holding (together Danube Foods Group). Danube Foods Group is a branded fast-moving consumer goods platform operating in the former Yugoslavia. It includes an independent… Read More
India-focused private equity fund manager IL&FS Investment Managers (IIML) has reached a first close on Tara India Fund IV with US$40 million in capital commitments. IIML is reportedly targeting US$75 million for the sector-agnostic fund. Read More
Cordiant Capital, a fund manager specializing in emerging markets investments, and development finance institution International Finance Corporation (IFC) have provided a financing facility to Tanzania-based solar leasing company Off Grid Electric. The new facility consists of a US$4.5 million loan provided through the IFC Cleantech Innovation Facility and an additional… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has closed its seventh private equity vehicle with US$1.5 billion in capital commitments. The fund, which had originally targeted US$1.25 billion, reached a US$860 million first close in December 2013. The final close included the addition of a shariah-compliant parallel vehicle. The… Read More
P2 Brasil, a private infrastructure investment partnership between Pátria Investimentos and Promon, has agreed to sell NovaAgri, a logistics services provider, to Toyota Tsusho Corporation, a subsidiary of Toyota Group. NovaAgri operates grain warehouses, railway shipment facilities and export terminals in central and northeastern Brazil. P2 Brasil originally acquired the… Read More
Clearwater Capital, an investment firm focused on credit and special situations in Asia, has partially exited India-based Oricon Enterprises by selling 850,000 shares on 14 January and 4.5 million shares on 29 January through open market transactions on the Bombay Stock Exchange. Clearwater returned INR40.4 million (approximately US$650,000) and INR223… Read More
Vietnam-focused private equity firm Mekong Capital has partially exited Vietnam-listed mobile phone retailer Mobile World, selling 2.24 million shares, or a two percent stake, between 14 January and 26 January. Mekong originally invested in the company in May 2007 through Mekong Enterprise Fund II. Financial details of the transaction were… Read More
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