A fund managed by Ashmore Colombia, a subsidiary of emerging market-focused investment manager Ashmore Group, has agreed to the sale of a 100 percent equity stake in Colombia-based telecommunications infrastructure company Lazus, formerly known as Promitel Colombia, to diversified telecommunications company Columbus International. Funds advised by Ashmore purchased Lazus… Read More
Global growth markets investor The Abraaj Group has signed an agreement with the controlling shareholders of Egypt-based education group Cairo for Investment and Real Estate Development to issue a mandatory tender offer on the Egyptian Stock Exchange to acquire 100 percent of the company’s shares. The price per share… Read More
A consortium of investors led by IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, and Singaporean investment company Temasek Holdings have agreed to restructure their existing investment in India-based GMR Energy, part of industrial conglomerate GMR Group, by purchasing INR11.4 billion (approximately US$183.2 million) in… Read More
Olympus Capital Asia Credit, the credit arm of private equity firm Olympus Capital Asia, and investment management firm Kilimanjaro Advisors, structured through Kilimanjaro Credit Fund, have agreed to provide structured debt financing to India-based Atria Convergence Technologies (ACT), a provider of information, communications and entertainment through internet protocol, broadband,… Read More
Global private investment firm Partners Group has acquired a majority stake in Mexico-based gas infrastructure operator Fermaca from asset management firm Ospraie Management in a transaction worth approximately US$750 million. The investment was made alongside management and funded through a combination of mezzanine debt and equity. Fermaca builds, owns… Read More
Investment fund manager Triodos Investment Management, a subsidiary of Triodos Bank, has divested a six percent equity stake in Cambodia-based commercial bank ACLEDA Bank, which finances micro-, small- and medium-sized businesses. Structured through three separate funds managed by Triodos, the stake was sold to Japan-based financial services group ORIX… Read More
Venture capital firm Index Ventures has led a US$26 million Series C financing round in Czech Republic-based social analytics company Socialbakers, alongside existing backer European venture capital firm Earlybird Venture Capital. Previously, Earlybird had led a US$2 million early-stage funding round in Socialbakers in September 2011 and participated in… Read More
Africa-focused investment management firm Convergence Partners will join early-stage technology venture capital firm 4Di Capital’s 4Di Capital Fund 1 as a limited partner and transfer management of its current portfolio of technology venture investments to 4Di. The portfolio companies, all based in South Africa, include mobile aggregator Integrat, location… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has backed Brazil-based renewable energy investment company Vital Renewable Energy (VREC), which operates a sugar and ethanol facility, for US$15 million as part of a US$31 million refinancing. The transaction was structured through Darby Latin American Mezzanine Fund… Read More
Motilal Oswal Private Equity, a subsidiary of Indian financial services company Motilal Oswal Financial Services, has increased its stake in India-based non-banking financial institution Intec Capital to over 32 percent after completing an open offer and fresh allotment of equity shares. In March 2013, Motilal Oswal, structured through its… Read More
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