Darby Private Equity, the private equity arm of Franklin Templeton Investments, has acquired a majority interest in Latvia-based construction and industrial equipment rental company Storent Holding. Darby’s investment will be used by Storent, which currently operates 23 rental depots across Latvia, Lithuania and Estonia, to develop its equipment fleet and… Read More
Middle East-focused alternative asset manager Gulf Capital has completed the acquisition of 100 percent of United Arab Emirates-based hospitality distributor Destinations of the World (DOTW) in partnership with the company’s senior management. DOTW secures hotel room inventory and sells bookings to its distribution network of travel agents, airlines and tour… Read More
East Africa-focused private equity and venture capital investor Fanisi Capital has received regulatory approval from the Competition Authority of Kenya to acquire a 40.2 percent stake in Kenya-based Ngare Narok Meat Industries. Ngare Narok Meat operates a modern abattoir, meat processing plant and rendering plant. Fanisi Capital reported in August that… Read More
India-focused private equity firm Everstone Capital and United States-based equity fund Solmark have signed an agreement with India-based customer management service provider Servion Global Solutions to acquire a controlling stake in Servion for INR4 billion (approximately US$65 million). The transaction will be structured through Evertech, Everstone Group’s technology investment platform,… Read More
Emerging markets-focused investment firm The Rohatyn Group (TRG) has sold its 37 percent stake in Bulgaria-based pharmaceutical company Huvepharma to Advance Properties, an investment holding company controlled by the Domuschiev family. The transaction was structured through TRG Growth Fund II. Huvepharma focuses on developing, manufacturing and marketing animal health and… Read More
Emerging markets financial services investor LeapFrog Investments has announced that it intends to acquire a majority stake in Kenya-based general insurer Resolution Insurance for KES1.7 billion (approximately US$18.7 million). The transaction will be structured through LeapFrog Financial Inclusion Fund II. Resolution Insurance has operations in Kenya and Tanzania, and the… Read More
Global private equity investor Advent International has agreed to acquire a controlling interest in Latin America-focused chemical distributor Grupo Transmerquim (GTM). GTM provides chemical products and logistical services to its customers via its 40 locations in 12 countries from Mexico to Argentina. Financial details of the transaction, which is expected… Read More
India-based conglomerate Future Group, through its consumer goods arm Future Consumer Enterprise, has acquired India-based supermarket chain Nilgiris for a reported INR3 billion (approximately US$49 million) from pan-emerging markets private equity firm Actis and company founders the Mudaliar family. Nilgiris operates across South India, with stores in Karnataka, Kerala, Andhra… Read More
South Africa-focused private equity fund manager Ethos Private Equity has agreed to acquire South Africa-based packaging manufacturer Nampak’s tissue, corrugated and sacks divisions for a total purchase price of ZAR1.6 billion (approximately US$143 million). The transaction, which was structured through Ethos Fund IV, is subject to regulatory approval and de-merger… Read More
Private equity firm Riverwood Capital has acquired 100 percent of Brazil-based payment processing solutions provider Conductor. The company, which processes credit card transactions for retailers across Brazil, intends to accelerate its research and development activities and expand its range of services. Financial details of the transaction were not disclosed. Read More
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