IHS Holding, a Nigeria-based pan-African telecommunications infrastructure company, has secured US$420 million in equity and US$70 million in debt in its latest financing round. Investors include existing shareholders pan-African fund manager Emerging Capital Partners, International Finance Corporation and Euronext Paris-listed telecom company Wendel. Also participating in the transaction were… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a 100 percent stake in South Korea-based Tyco Fire & Security Services Korea and its subsidiaries (ADT Caps, Capstec and ADT Security), which form and operate the company’s Korean security business, ADT Korea, from Tyco, a global fire… Read More
China-focused private equity firm Themes Investment Partners has completed the sale of China-based Standard Water, a developer of sewage and wastewater treatment systems with 36 plants around China, to Hong Kong-listed water systems provider Beijing Enterprise Water Group (BEWG) for about US$218 million. Themes, which owned close to a… Read More
Venture capital firm Qiming Venture Partners has led a US$15 million Series A funding round for China-based Hangzhou Wacai Science, a mobile app developer for personal finance management. Existing shareholders venture capital firms IDG Venture Partners and CDH Investments also participated in the round. The company intends to use… Read More
Russia-based hypermarket chain Lenta, which is backed by global private investment firm TPG, VTB's investment business VTB Capital and development finance institution European Bank for Reconstruction and Development (EBRD), began conditional trading on the London Stock Exchange on 28 February 2014. Lenta shareholders, led by TPG, raised US$952 million… Read More
India-based Jasper Infotech, which runs the online marketplace Snapdeal.com, has raised a US$133.8 million financing round led by existing investor global commerce and payments company eBay. Venture capital firms Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners and Saama Capital, as well as Intel Corporation’s venture capital arm Intel… Read More
Private equity firm Catalyst Principal Partners has announced its acquisition of a majority stake in Tanzania-based heavy equipment rental and logistics company EFFCO Tanzania through a management-backed buyout. The investment will allow the company to scale up operations and expand the business in Tanzania and across East Africa. Financial… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and Edmond de Rothschild Europportunities Management II (ERES), a subsidiary of private banking and asset management group Edmond de Rothschild Group, have agreed to invest US$35 million in Ghana-based commercial bank Fidelity Bank Ghana… Read More
CEE-focused investment manager Axxess Capital has purchased a stake in Romania-based cloud storage provider Star Storage. The transaction was structured through Axxess Capital’s Emerging Europe Accession Fund. Star Storage operates in Romania and Moldova, and intends to use the new capital to grow its capabilities to deliver cloud services,… Read More
Asia-focused private equity firm Baring Private Equity Asia (BPEA) has sold its 41.7 percent stake in Indonesia-based airfreight and passenger services provider Cardig Aero Services (CAS) to Singapore Airport Terminal Services, a ground handling and in-flight catering service provider at Singapore Changi Airport, for IDR1.1 trillion (approximately US$93.5 million). Read More
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