SSG Capital Management, an Asia-focused special situations investor, has closed its second special situations fund, SSG Capital Partners II, at its hard-cap of US$400 million. The fund, which was originally targeting US$300 million in commitments, held a first close at US$100 million in February and attracted investors primarily from… Read More
Ultrapetrol, a Bahamas-based industrial marine transportation company, has agreed to sell approximately 78.38 percent of its outstanding common shares to Latin America-focused private equity firm Southern Cross Group for US$220 million. Southern Cross will invest in Ultrapetrol through Sparrow Capital Investments, a subsidiary of Southern Cross Latin America Private… Read More
German development finance institution DEG has committed US$10 million to an Ethiopia-focused private equity fund managed by pan-emerging markets private equity investor Schulze Global. The Schulze Global Ethiopia Growth and Transformation Fund I is targeting US$100 million in commitments and seeks to invest in small- and medium-sized enterprises in… Read More
VTB Capital, the investment arm of Russia’s VTB Group, and co-investor Bromak, a Bulgarian investment brokerage firm, have acquired a controlling stake in Bulgarian integrated telecommunications company Vivacom through a EUR130 million (approximately US$165 million) investment. Vivacom used the equity injection to partially repay the company’s debt as part… Read More
Ugandan electrical distribution company Umeme, a portfolio company of pan-emerging markets private equity investor Actis, has raised US$66 million through an initial public offering of 38 percent of the company’s total shares. Actis, which acquired 100 percent of Umeme in 2005, retains a post-IPO stake of 60… Read More
Latin America-focused private equity real estate fund manager Southern Bridge Capital (SBC) has closed its SBC Latin America Housing Fund with committed capital of US$150 million in committed capital. SBC raised capital from public and private pension funds, multilaterals, funds of funds, charitable foundations and family offices. The fund… Read More
Conduit Capital Partners, a private equity firm focused on the power industry in Latin America, and the Corporación Andina de Fomento (CAF), a Latin American multilateral development bank, have invested in the Tacna and Panamericana solar projects in southern Peru. Together, the projects total 40 megawatts. The transaction marks… Read More
YPX Cayman Holdings, the operator of Chinese restaurant chain Cloud 9, has received an US$11.5 million investment from Chinese private equity firm LionRock Capital, U.S.-based venture capital firm Ignition Capital and Ignition’s Chinese affiliate, Qiming Venture Partners. YPX intends to operate 30 Cloud 9 restaurants, which specialize in Taiwanese… Read More
Mediterra Capital Management, a Turkey-based private equity fund manager, has invested in fleet telematics service provider Mobiliz and its 100 percent subsidiary Filoturk. Mobiliz’s fleet telematics services allow Turkish companies to monitor and manage their drivers, vehicles and operations. The investment came from Mediterra Capital Partners I, which held… Read More
Middle East-focused venture capital firm Middle East Venture Partners (MEVP) has completed four Series A investments during the third quarter of 2012. MEVP invested in two Lebanese companies: Wixel Studios, a developer of games for tablets and smartphones, and Shahiya.com, a website and mobile application for sharing user-generated Arabic… Read More
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