IFC Asset Management Company (AMC), a wholly owned subsidiary of International Finance Corporation (IFC), has completed fundraising for its infrastructure equity fund with capital commitments from 11 investors totaling US$1.2 billion, exceeding the fund target of US$1 billion. Investors include IFC and Singapore sovereign wealth fund GIC as anchor… Read More
Global growth markets investor The Abraaj Group has invested in Cote d’Ivoire-based engineering services and component manufacturing and distribution company African Industrial Services Group (AIS). AIS intends to use the capital injection to accelerate its next phase of expansion across West Africa. Financial details of the transaction were not… Read More
Investment firm Matrix Partners India has acquired a significant minority stake in India-based Stayzilla.com, an online hotel booking platform. Matrix Partners India is the only investor in the company’s first institutional round of equity funding. Stayzilla.com, which was previously known as Insara.com, raised US$500,000 from Indian Angel Network in… Read More
Henderson Equity Partners, the private equity operation of Henderson Global Investors, has completed an exit from India-based HT Media, owner of English newspaper Hindustan Times, Hindi newspaper Hindustan and business newspaper Mint, by selling its remaining three percent stake on the National Stock Exchange of India. Henderson sold a… Read More
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has participated in venture rounds for two India-based microfinance institutions: Swarna Pragati Housing Microfinance and Arohan Financial Services. Aavishkaar, alongside existing investor non-banking finance institution Asia Pragati, invested INR200 million (approximately US$ 3.2 million) in Swarna Pragati. Read More
European private equity firm IK Investment Partners has entered into an agreement with Norwegian foundation Det Norske Veritas (DNV) to acquire its Singapore-based subsidiary DNV Petroleum Services (DNVPS), a provider of fuel management services for the maritime and power sectors. DNVPS intends to use the new capital to expand… Read More
Aqua Capital, a private equity firm focused on growth investments in mid-market companies in Latin America, has held a final close on its Agribusiness & Food Fund with total capital commitments of US$173.4 million, exceeding its target of US$150 million. Limited partners in the fund include United States, European,… Read More
Pan-African SME private equity firm Jacana Partners and non-profit private foundation Soros Economic Development Fund have invested a reported US$ 1 million in Tanzania-based dry bulk cargo handling company DSM Corridor Group (DCG). DCG intends to use the capital injection to finance the expansion of its storage capacity with… Read More
Global investment firm Kohlberg Kravis & Roberts (KKR) and China-based home appliance manufacturer Qingdao Haier have announced the signing of a definitive agreement under which KKR will acquire a ten percent stake in Qingdao Haier for a reported RMB3.4 billion (approximately US$556 million). The company intends to use the… Read More
Controladora Vuela Compañia de Aviación (Volaris), a Mexico-based low-cost airline backed by private equity fund manager Discovery Americas, has completed an initial public offering on the Mexican Stock Exchange and the New York Stock Exchange. During the first week of trading, Volaris' American depositary shares gained 21.1 percent from… Read More
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