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
European private equity firm Permira has agreed to sell its remaining 5.9 percent stake in Chinese casino operator Galaxy Entertainment Holdings for US$870 million. The firm had previously sold parts of its stake Galaxy Entertainment in August 2011 for US$613 million and September 2012 for US$755 million. Following the… Read More
Catalyst Principal Partners, an East Africa-focused private equity firm, has secured US$125 million in commitments for its first private equity fund. Catalyst Fund 1, which was targeting US$100 million in commitments, will invest in the consumer goods, retail, technology, services, manufacturing and engineering sectors in Kenya, Uganda,… Read More
Warburg Pincus has invested INR2.7 billion (approximately US$49.7 million) in Indian financial services company Capital First, formerly Future Capital, for an additional 24.43 percent stake, raising its total stake in the company to 68.4 percent. The investment took place through a share purchase on the Bombay Stock… Read More
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