International private equity firm Permira has agreed to acquire 100 percent of the equity in South Africa-based Teraco in partnership with the company’s management. The transaction was structured through Permira V. Established in 2008 after the deregulation of South Africa’s telecoms market, Teraco provides carrier-neutral datacenter services in Sub-Saharan Africa. Permira’s… Read More
Emerging markets-focused alternative asset manager Cartica Capital has partially exited India-based kitchen appliances manufacturer TTK Prestige for INR465 million (approximately US$7.5 million). Cartica’s remaining 5.7 percent stake is worth around INR2.5 billion (approximately US$40 million). Cartica originally invested in the company in June 2013. … Read More
India-focused investment manager Aditya Birla Private Equity has acquired a 2.5 percent stake in India-based apparel manufacturer Monte Carlo Fashions for INR350 million (approximately US$5.6 million). The transaction, which was part of an anchor investor allotment ahead of the company’s public issue on the Bombay Stock Exchange and the National… Read More
Venture capital firm Qiming Venture Partners has participated in financing rounds for three China-based companies: personal finance mobile app developer Hangzhou Wacai Science (Wacai), biopharmaceutical company CANbridge Life Sciences and NoSQL database provider SequoiaDB. Qiming participated in a US$50 million Series B financing round for Wacai, which was led by… Read More
Pan-African private equity firm Development Partners International (DPI) has acquired a minority stake in South Africa-based home shopping retailer HomeChoice International. The transaction was structured through DPI’s second fund, African Development Partners II. DPI’s investment will be followed by HomeChoice’s listing on the JSE in December. Financial details of the… Read More
NBK Capital’s Alternative Investments Group, a private equity and mezzanine fund manager in the Middle East and North Africa, has acquired a 51 percent stake in Turkey-based digital signage company Sistem-9 Medya. The transaction was structured through NBK Capital Equity Partners Fund II. Financial details of the transaction were not… Read More
TPG Capital, the principal investment platform of global private investment firm TPG, has agreed to sell its entire stake in China-based car dealer China Grand Automotive Services (CGA) to a group of investors, led by Chinese financial services company Haitong International Securities Group, for approximately US$700 million. Haitong International will… Read More
MENA-focused venture capital firm Middle East Venture Partners and seed investor DASH Ventures have participated in a financing round for United Arab Emirates-based Altibbi, an Arabic language online medical platform. Altibbi intends to use the capital to accelerate revenue growth and expand the reach of its brand. Financial details of… Read More
Aavishkaar, an India-focused early-stage investor, has exited its investment in India-based Net Systems to the company’s promoters, generating a reported cash-on-cash return multiple of approximately 3x. Net Systems, which operates under the BarrierBreak brand, specializes in accessibility testing and conversion and assistive technology products for people with disabilities. Aavishkaar first… Read More
A group of investors led by global banking, securities and investment management group Goldman Sachs has invested KRW40 billion (approximately US$36 million) in a Series D funding round for South Korea-based Woowa Brothers, which owns and operates the digital food-ordering platform Baedal Minjok. The company will use the new funds… Read More
(default archive template)