South Africa-based alternative asset management firm Capitalworks has led a consortium of investors to acquire a 100 percent stake in Much Asphalt, a South Africa-based supplier of hot mix asphalt to the construction industry. The consortium, which includes Mineworkers Investment Company (MIC) and senior executives of Much Asphalt, purchased… Read More
Venture capital firms Prostor Capital and e.ventures have invested US$3 million in Russia-based AdMoment, developer of a real-time bidding platform for mobile advertising. Fastlane Ventures, a Russia-based online business developer, and several angel investors also participated. Prostor Capital led the Series A funding round. AdMoment intends to use the… Read More
India-focused private equity firm Kedaara Capital has held a final close of its debut fund with US$540 million in capital commitments, hitting its hard cap and exceeding its target of US$500 million. Investors in the fund include anchor investor Ontario Teachers’ Pension Plan, sovereign wealth funds, pension funds, family… Read More
Enterprise Investors, a private equity firm focused on Poland and CEE, has acquired a 100 percent stake in Poland-based Danwood, a producer of prefabricated timber houses, for EUR57 million (approximately US$77 million). The firm purchased the stake from Ferrovial Agroman's Polish subsidiary Budimex, structuring the transaction through Polish Enterprise… Read More
Pan-emerging markets private equity firm Actis has signed an agreement with United States-based energy company AES to acquire the majority interest in three power assets in Cameroon for US$220 million. The investment will give Actis a 56 percent stake in Cameroon’s national integrated utility, Société Nationale d’Electricité (SONEL), and… Read More
Venture capital firm Sequoia Capital has led an INR2.3 billion (approximately US$37 million) funding round in India-based Zomato Media, which runs an online restaurant and event-listing and review platform. Existing investor and majority shareholder Info Edge, an India-based online classifieds company, also participated in the round. Sequoia invested INR1.7… Read More
Horizon Equity Partners, provider of growth and buyout capital to small and medium-sized enterprises in South Africa, has made a minority investment in South Africa-based software developer and Microsoft partner Qorus Software. The transaction was structured through Horizon Fund III. Qorus Software’s technology adds document automation functionality to Microsoft… Read More
Global asset manager PineBridge Investments Middle East has acquired a United Arab Emirates-based school campus operated by global education services provider GEMS Education in a sale and leaseback transaction. Under the terms of the agreement, GEMS Education will lease the school campus for a term of over 20 years,… Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, and Oman India Joint Investment Fund, the co-investment vehicle between Oman’s State General Reserve Fund and the State Bank of India, have picked up a minority stake in India-based agriculture commodity derivatives exchange National Commodity and Derivatives… Read More
NBK Capital, an alternative investment firm focused on growth capital in middle market companies throughout the MENA region, has acquired a 49 percent stake in United Arab Emirates-based casual dining chain Shakespeare and Co. The transaction was structured through NBK Capital Equity Partners Fund II. Shakespeare and Co., which… Read More
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