Emerging markets financial services investor LeapFrog Investments and private equity investment manager Lombard Investments have acquired an aggregate 22 percent stake in Thailand-listed general insurer Syn Mun Kong Insurance (SMK) from United Kingdom-based insurance group Royal & Sun Alliance Insurance for THB1.89 billion (approximately US$57.5 million). LeapFrog and Lombard each… Read More
North Africa-focused private equity firm Mediterrania Capital Partners (MCP) has reached an interim close on its second fund, Mediterrania Capital II (MC II), with EUR115.3 million (approximately US$147.4 million) in capital commitments. MCP aims to reach a final close at EUR150 million in March 2015. MC II has already completed… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired one-third of Kenya-based printing and packaging group Ramco Plexus, a consortium of nine companies that are part of manufacturing, trading and services conglomerate Ramco Group. The acquisition will help consolidate Ramco Group’s printing… Read More
Malaysia-based death care service provider Nirvana Asia has completed an initial public offering (IPO) on the Hong Kong Stock Exchange. Nirvana issued 674.7 million shares at HKD3 (approximately US$0.39) per share, raising HKD2 billion (approximately US$261 million) in IPO proceeds. Private equity firms Orchid Asia and AIF Capital Asia, which… Read More
Private equity firm PC Capital Management has reached a first close on its latest fund, Mexico Development Fund I. The fund will target US$1 million to US$10 million investments in growth equity and mezzanine opportunities in Mexico. Investors in the fund included the Inter-American Development Bank, CAF Development Bank of Latin… Read More
Brazilian private equity firm Gávea Investimentos has reached a final close on its latest fund, Gávea Investimentos V, with US$1.1 billion in capital commitments. Investors in the fund included Kentucky Teachers’ Retirement System, Swedish national pension fund the Second AP Fund and fund of fund The Endowment Master Fund. Read More
Middle East-focused alternative asset manager Gulf Capital has invested in United Arab Emirates-based Amana Healthcare, a provider of long-term medical care and post-acute rehabilitation services to United Arab Emirates nationals. Financial details of the transaction were not disclosed. … Read More
India-based Linkstreet Learning, a cloud start-up that offers video-based learning and collaboration solutions to individuals and organizations, has raised a Series A financing round from India-focused private equity firm Faering Capital. The company intends to use the funds for product and business development. Financial details of the transaction were not… Read More
Private equity firm Sarona Asset Management has held a final close for Sarona Frontier Markets Fund 2 with US$150 million in capital commitments. Investors included institutional investors, family offices and high-net-worth individuals. Sarona Frontier Markets Fund 2 targets locally-based private equity funds across Africa, Asia and Latin America and has… Read More
Africa-focused mezzanine investor Vantage Capital has provided US$10 million worth of financing to Uganda-based Simba Properties Investment Company, the property investment arm of Simba Group, which houses three operating properties and two properties under development. The transaction was structured through Vantage Mezzanine Fund II. Simba Group’s three operating properties are… Read More
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