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
Africa-focused mezzanine investor Vantage Capital has provided ZAR77 million (approximately US$7 million) for the acquisition of preferred equity facilities in a Pembani Group-owned special purpose vehicle that holds a 30 percent stake of the ordinary equity and payment-in-kind notes in South Africa-based AfriSam, a building and construction materials company. The… Read More
India-based hospital chain operator Vaatsalya Healthcare Solutions has raised a financing round from early-stage investor Aavishkaar and global microfinance private equity investor Bamboo Finance, both existing investors in the company. Aavishkaar’s investment was structured through Aavishkaar India II. Vaatsalya intends to use the funding to upgrade its existing hospitals, expand… Read More
Global private equity firm Advent International and development finance institution European Bank for Reconstruction and Development (EBRD) have agreed to acquire Hypo SEE Holding, the Balkan-focused banking unit of Austria-based bank Hypo Alpe-Adria-Bank International. Advent will pay a reported EUR100 million (approximately US$127 million) for the unit, which owns banks… Read More
Investment management company Dymon Asia Private Equity (DAPE) has acquired a majority stake in Singapore-based vending machine owner and operator Atlas Vending from Atlas’s founding Tan family. Atlas Vending manages more than 5,000 machines in Singapore and Malaysia. DAPE intends to increase the number of Atlas’s vending machines and deploy… Read More
(default archive template)