AfricInvest Group, a private equity house focused on North and Sub-Saharan Africa, has invested in Tunisia-based textile manufacturer Maille Club. The company, which operates under the Mabrouk brand, was established in 1976 and designs, manufactures and markets textiles through a network of a dozen shops in Tunisia. Financial details… Read More
Russia and CIS-focused private equity firm Elbrus Capital has acquired a 100 percent stake in Russia-based financial and HR business process outsourcing (BPO) provider Intercomp. The company intends to use the new funding for growth and expansion. Financial details of the transaction, which was structured through Elbrus Capital Fund… Read More
China-focused private equity firm Hony Capital and home appliance retailer Suning Commerce, one of Hony’s portfolio companies, will purchase a controlling interest in China-based online TV provider PPTV for US$420 million, valuing PPTV at approximately US$568 million. Suning will pay US$250 million to buy a 44 percent stake in… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) will invest about US$90 million in India-based hospital operator Apollo Hospitals Enterprise through a subscription to convertible debentures issued by Apollo Hospitals’ parent PCR Investments. Per the agreement, KKR will have an option to convert these debentures into equity shares… Read More
Venture capital firms Monashees Capital, Ribbit Capital, 500 startups, Napkin Ventures and Valar Ventures have participated in a Series B funding round in Brazil-based technology startup ContaAzul. The company, which owns a management system aimed at small companies, previously raised a Series A round in January 2013. ContaAzul intends… Read More
Foursan Group, a private equity firm primarily focused on the Middle East region, has acquired a 37 percent stake in Jordan-based ATICO—Fakhreldin Group, a holding company operating in multi-service hospitality management. ATICO intends to use the capital injection to fund local and regional expansion and to grow and diversify… Read More
International alternative asset fund manager CDH Investments has participated in a US$3 million funding round in China-based financial management application Wacai.com. The company, which recently acquired retail finance consulting firm Trust Analytics, has developed two mobile apps reportedly used by more than 40 million people to manage daily spending. Read More
Global growth markets investor The Abraaj Group has announced a partnership agreement whereby French food-products corporation Danone will join in the acquisition of Fan Milk International (FMI), a manufacturer and distributor of frozen dairy products and juices in West Africa. The Abraaj Group and Danone will respectively acquire a… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has agreed to provide a US$10 million subordinated loan to Ghana-listed banking institution UT Bank. UT Bank intends to use the capital injection to grow its lending to the SME sector and extend the… Read More
Central Europe-focused mid-market private equity firm Innova Capital, through its special purpose vehicle European Media Holding, will finance the acquisition of Poland-based internet portal Wirtualna Polska from Polish Orange subsidiary Telekomunikacja Polska. The transaction, which was reportedly structured through Innova/5, is valued at PLN375 million (approximately US$123.2 million). As… Read More
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