Emerging markets-focused investment manager Gramercy Funds Management has invested US$34 million in Colombia-based consumer finance company Credivalores-Crediservicios, its affiliates and its subsidiaries (together known as Grupo Credivalores). Grupo Credivalores offers credit to low- and middle-income populations in Colombia. The company intends to use the capital to fund an upgrade of… Read More
Venture capital firm Lightspeed China Partners and Google Capital, a growth equity fund backed by Google, have led a US$38 million Series C financing round for China-based InnoLight Technology, a supplier of high-speed optical transceivers. The company intends to use the capital to expand its productive capacity. InnoLight Technology designs,… Read More
China-focused investment firm JD Capital has reached a final close on its second USD-denominated fund, Jiuding China Growth Fund II, with US$200 million in capital commitments. Investors in the fund included Allianz Group, Allstate Insurance, Partners Group and the family office of BMW. The new fund will invest in growth-stage… Read More
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan Group, has reached a final close on CapMan Russia II with EUR99.1 million (approximately US$126 million) in capital commitments. The fund will target small- and medium-sized enterprises operating in Russia’s consumer sector and has already completed two… Read More
Adenia Partners, a private equity fund manager focused on West Africa and the Indian Ocean region, has acquired Mauritius-based Mauvilac, a paint, coatings and chemical products manufacturer and marketer, from the company’s founders and other Mauritian shareholders. The transaction was structured through Adenia Capital (III), a US$125 million fund that… Read More
Private equity firms AIF Capital and New Asia Partners have led a US$15 million Series B financing round for Vietnam-based restaurant operator Huy Vietnam Group. AIF Capital’s investment was structured through AIF Capital Asia IV. Investment management firm Fortress Capital Asset Management also participated in the round. Huy Vietnam intends… Read More
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based meat processing company Manoah Investments. The transaction was structured through XSML’s Central Africa SME Fund. The capital will be used to develop plots of land for residential use in Lubumbashi. Financial details of the transaction… Read More
China-focused private equity and venture capital firm Tiantu Capital has reached a first close on its debut USD-denominated fund, Tiantu China Consumer Fund I, with US$63 million in capital commitments. The vehicle received US$38 million in commitments from family offices and funds of funds in Asia and the United States,… Read More
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has closed a US$16.6 million equity investment in Angola-based medical clinic Luanda Medical Center (LMC). Vital Capital’s investment was made in conjunction with a US$9.8 million loan from the Overseas Private Investment Corporation (OPIC). LMC, which will begin… Read More
Family office fund manager Península has acquired a six percent stake in Brazil-based higher education company Anima Educação from BR Educacional, a fund managed by alternative asset management firm Bozano Investimentos, for BRL144 million (approximately US$60 million). BR Educacional continues to hold a four percent stake in the company. Read More
(default archive template)