Global growth markets investor The Abraaj Group has acquired a majority stake in Southeast Asia-based food and beverage chain Wine Connection Group. The company, which has more than 55 outlets in Singapore and Thailand, intends to expand its footprint in existing markets and replicate its business model in new territories,… Read More
Cable & Wireless Communications, a London-listed communications provider operating throughout the Caribbean and Latin America, has agreed to acquire private equity-backed Columbus International, a Barbados-based diversified telecommunications company, for US$1.85 billion. The acquisition will facilitate an exit for Portland Private Equity, a Caribbean-focused private equity firm that originally invested US$65.5… Read More
Pan-emerging markets private equity firm Actis has acquired a minority stake in South Africa-based sports and lifestyle shoe retailer Tekkie Town for US$65 million. The company currently operates more than 260 stores across South Africa that sell a wide range of global sportswear brands. Read More
Pan-emerging markets private equity firm Actis has committed US$100 million to create IT’sSEG, a buy and build insurance brokerage platform in Brazil. Actis is partnering with Thomaz Menezes, former CEO of Marsh Latin America, who will be a shareholder and act as CEO of the platform. IT’sSEG has already acquired… Read More
Africa-focused mezzanine investor Vantage Capital has concluded a transaction with Ghana-based wireless broadband company Surfline Communications to provide US$30 million worth of expansion capital to Surfline together with a co-investor. The transaction was structured through Vantage Mezzanine Fund II. The capital will be used for the ongoing expansion of Surfline’s… Read More
Private equity investment manager Lombard Investments has invested in Vietnam-based shrimp seed producer Viet Uc Seafood. The transaction was structured through Lombard Asia IV. The company specializes in hatchery and nurturing shrimp through several larval stages before sale. Financial details of the transaction were not disclosed. Read More
Nigeria-based telecoms infrastructure group IHS Holding has raised US$2 billion in equity and US$600 million in debt from a consortium of Asian, European and African investors. Existing shareholders, which include private equity firm Emerging Capital Partners (ECP) and funds managed by Goldman Sachs, also participated in the new financing. ECP… Read More
West Africa-focused investment firm African Capital Alliance (ACA) has invested in Filmhouse Cinemas, a Nigeria-based cinema chain, and Film One, its associated film production and distribution company. The transaction was structured through ACA’s third fund, CAPE III. Through its partnership with ACA, Filmhouse and Film One hope to scale their… Read More
Venture capital firm Spark Capital has led a Series C financing round of more than BRL100 million (approximately US$41 million) for Brazil-based real estate portal VivaReal. The transaction was structured through Spark Capital Growth Fund. LeadEdge Capital, a United States-based growth equity firm, joined Spark Capital and existing investors in… Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, has exited India-based Ashoka Buildcon, which constructs and operates roads and bridges on a build, operate and transfer basis. The firm started selling shares in Ashoka Buildcon in 2013 and recently completed its exit with a reported 2x… Read More
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