Middle East-focused venture capital firm Middle East Venture Partners (MEVP) has reached a first close on its IMPACT Fund with more than US$50 million in capital commitments. Investors in the first closing included the fund’s co-sponsors, BLOM Invest Bank and MedSecurities Investment, as well as other Lebanese banks. The fund is… Read More
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan Group, has acquired a 40 percent stake in Russia-based Kidburg, an operator of children’s educational entertainment services. The transaction was structured through CapMan Russia II and is intended to support the company’s further expansion in Russia. Kidburg… Read More
West Africa-focused private equity fund manager ARM Capital Partners and development finance institution IFC have invested US$9.5 million in Nigeria-based food manufacturer Boulos Foods and Beverages. ARM Capital Partners and IFC will contribute US$6 million and US$3.5 million, respectively. The company, which produces fruit juices and other non-alcoholic drinks, milk… Read More
Telecommunications conglomerate Softbank Internet and Media has agreed to lead a US$100 million financing round for Indonesia-based online marketplace Tokopedia. Venture capital firm Sequoia Capital and existing shareholder SB Pan Asia Fund, a fund managed by Softbank Ventures Korea, will also participate in the round. Sequoia’s investment will be structured… Read More
Global private equity firm Summit Partners has agreed to sell its stake in Bulgaria-based provider of application development tools Telerik to NASDAQ-listed software company Progress Software. This is part of a larger transaction in which Progress Software has agreed to acquire Telerik for US$262.5 million. Summit Partners originally acquired a… Read More
Development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (IFC AMC), a wholly owned subsidiary of IFC, have together invested BRL200 million (approximately US$81 million) in Brazil-based logistics services provider Vix Logística. IFC AMC contributed BRL50 million (approximately US$20 million), structured through its IFC African, Latin American… Read More
Emerging markets-focused private equity firm Wolfensohn Capital Partners (WCP), mid-market private equity firm Innova Capital and development finance institution European Bank for Reconstruction and Development (EBRD) have agreed to sell a 97.9 percent stake in Poland-based retail bank Meritum Bank to Poland-based retail and corporate banking institution Alior Bank for… Read More
MENA-focused private equity and mezzanine fund manager NBK Capital has closed its latest private equity fund, NBK Capital Equity Partners Fund II, with US$310 million in capital commitments. The fund, which was oversubscribed, will acquire stakes in middle market companies across the MENA region and has already completed investments in… Read More
Global private equity firm Warburg Pincus has received regulatory approval to acquire a 24 percent stake in India-based jewelry retailer Kalyan Jewellers India for INR12 billion (approximately US$195.6 million) and has led a INR1.85 billion (approximately US$30 million) financing round for India-based auto classifieds platform CarTrade.com, with participation from existing… Read More
Middle East-focused alternative asset manager Gulf Capital has closed its third private equity fund, GC Equity Partners Fund III, with US$750 million in commitments. Investors in the fund, which was oversubscribed, include sovereign wealth funds, pension funds, endowments, funds of funds, insurance companies, family offices and other institutional investors. Fund… Read More
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