Private equity fund manager Kerogen Capital has invested US$100 million in convertible preference shares in HKN Holding, a holding company for Iraq-based oil developer HKN Energy. The investment, which was structured through Kerogen Energy Fund will be used for the initial development of an oil project on the Sarsang… Read More
Venture capital firm GGV Capital has closed its fifth fund with US$620 million in capital commitments. The new fund’s geographic focus will be roughly split between China- and United States-based companies. GGV aims to invest between US$5 million and US$25 million per company. Read More
Africa-focused private equity firm Development Partners International will invest US$20 million in Morocco-based private university Université Privée de Marrakech (UPM). The investment, which will be structured through African Development Partners II, will be used to support UPM’s growth plans in Morocco and Sub-Saharan Africa. UPM provides undergraduate, graduate and… Read More
Europe-focused venture capital firm Earlybird Venture Capital has invested in Turkey-based real estate listings platform Metrekare. The transaction was structured through Earlybird Digital East Fund. Separately, Earlybird has backed Romania-based online recruitment portal Tjobs. The fresh funding will support the company’s European expansion. Financial details of the two transactions… Read More
Pan-African private equity firm Emerging Capital Partners (ECP) has partially exited its stake in Togo-based Oragroup, a commercial banking holding company with operations in West and Central Africa, through a sale to Gabon’s Strategic Investment Fund. The divested stake had originally been acquired through ECP’s Central Africa Growth (CAGS)… Read More
AION Capital Partners, a joint venture between private equity firms Apollo Global Management and ICICI Venture, has reached a final close on its India-focused special situations fund with US$825 million in capital commitments. The close exceeded the fund’s initial US$500 million target. AION completed its first transaction in September… Read More
Latin America-focused real estate investment firm The Terranum Group and real estate investor Equity International have acquired Colombia-based hospitality company Decameron Hotels & Resorts. This investment allows Terranum Hotels, a business unit of Terranum Group, to add Decameron Hotels & Resorts to its existing portfolio of hotels. Financial details… Read More
Private equity firm Olympus Capital Asia will lead a US$65 million financing round for India-based hospital chain Aster DM Healthcare. India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, will also participate in the transaction. Post-investment, IVFA and Olympus Capital Asia’s collective stake in the… Read More
Singapore’s sovereign wealth fund GIC has led a US$170 million financing round in Brazil-based online sports goods retailer Netshoes. Other investors in the round included venture capital firm Kaszek Ventures, hedge fund and private equity firm Tiger Global Management, Singaporean investment company Temasek and global multi-family office Iconiq Capital. Read More
India-focused private equity firm Ascent Capital has invested INR1 billion (approximately US$16.6 million) in Maiyas Beverages and Foods, an India-based vegetarian processed food company. Maiyas intends to use the funding to increase its marketing efforts and strengthen its brand. Read More
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