Global growth markets investor The Abraaj Group has acquired a majority stake in South Africa-based food and personal care manufacturer Liberty Star Consumer Holdings (Libstar) from existing shareholders including Metier, Old Mutual Private Equity, Development Partners International and Lereko. Libstar manufactures a broad range of products for the South African… Read More
Vietnam-focused investment manager Dragon Capital has partially exited a 1.1 percent stake in Vietnam-listed dairy company Vinamilk for US$66 million. Dragon Capital originally invested in the company through two of its funds, Vietnam Enterprise Investments (VEIL) and Vietnam Growth Fund (VGF). The recent exit resulted in a reported IRR of… Read More
Mezzanine-focused private investment fund manager Vantage Capital has provided approximately ZAR80 million (approximately US$7 million) in funding to facilitate a management buyout of South Africa-based bedding supplier Dynamic Bedding. The transaction was structured through Vantage Capital II. The company manufactures, distributes and markets bed bases and mattresses that are sold… Read More
Wananchi Group, a Kenya-based provider of broadband and Pay TV services in Eastern Africa, has completed a US$130 million financing round co-led by existing and new shareholders including international telecommunications companies Altice, Liberty Global and ATMT and Africa-focused private equity firms Emerging Capital Partners and Helios Investment Partners. The investment… Read More
Venture capital firm Matrix Partners India has invested in the first institutional round of funding for India-based Alchemy Web, a company that provides restaurants with a platform to run day-to-day operations under the brand LimeTray. Services include ordering, online presence management and customer relationship management. Financial details of the transaction… Read More
Private equity fund manager Phatisa has invested in Meridian Group, a manufacturer and distributor of specialized fertilizer blends with operations in Mozambique, Malawi, Zimbabwe, Zambia and Mauritius. The transaction was structured through Phatisa’s African Agriculture Fund. Meridian Group intends to use the funding to support its expansion plans. Financial details… Read More
Samena Capital, an investment group focused on the Indian subcontinent, Asia and the Middle East and North Africa, has acquired a stake in United Arab Emirates-based duty free and travel retail operator Flemingo International. The company intends to use the capital to fund its expansion plan, which includes acquisitions and… Read More
Asia-focused private equity firm Affinity Equity Partners has agreed to buy a minority stake in Malaysia-based poultry producer Leong Hup International in a deal that values the company at around US$600 million, excluding debt. Its operations span from producing feed and rearing day-old chicks to contract farming, slaughtering and processing… Read More
Europe-focused private equity firm Montagu Private Equity has agreed to sell its entire holding in Hungary-based provider of diagnostics imaging and cancer care services Euromedic International to majority shareholder Ares Life Sciences. Ares Life Sciences is an investment partnership controlled by Waypoint Capital, a wealth manager associated with Swiss businessman… Read More
Private equity firm Ironwood Capital Partners has held a first close on its debut Sri Lanka-dedicated vehicle with US$25 million in capital commitments. Ironwood is targeting US$30 million for a final close. Investors in the first close included primarily Asian high net-worth individuals. The fund will focus on investments of… Read More
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