South African asset management and advisory firm Marlow Capital has acquired an indirect holding in Waste Giant, a South African supplier of commercial and industrial waste solutions, through its portfolio company Wasteman Holdings, a South African waste management company. The investment will allow Wasteman to develop waste treatment assets,… Read More
Russian private equity firm Baring Vostok Capital Partners has closed its fifth Russia-focused fund, Baring Vostok Private Equity Fund V, at US$1.5 billion. The fund is divided into two components: a US$1.15 billion main fund which operates as a traditional private equity fund and a US$350 million… Read More
Uganda-based agriculture investment management firm Pearl Capital Partners has made its second investment in Tanzanian seed company Highland Seed Growers. The US$1.25 million investment was made using a quasi-equity debt instrument using capital from the US$12 million African Seed Investment Fund (ASIF). Pearl Capital Partners manages ASIF on behalf… Read More
Chilean informational technology firm Synapsis has acquired 100 percent of Brazilian information technology company Cyberlynxx through a Brazilian subsidiary. Brazil-focused venture capital firm FIR Capital Partners, which held a 25 percent stake in Cyberlynxx, has received shares in Synapsis in exchange for its shares. The transaction was… Read More
United Arab Emirates-based alternative investment manager Investcorp will acquire a 35 percent stake in Kuwaiti vehicle leasing and rental company Automak through its US$1 billion Gulf Opportunity Fund. Automak operates a fleet of over 4,500 vehicles. The investment marks Investcorp’s second in Kuwait after its 2009 investment in Gulf… Read More
Sub-Saharan Africa-focused private equity fund manager XSML has invested in Promed, a generic drug manufacturer based in the Democratic Republic of the Congo (DRC). The investment was made from XSML’s Central Africa SME Fund, which targets investments in the DRC and the Central African Republic. Promed manufactures approximately 80… Read More
Global asset manager BlackRock Investment Management has purchased an undisclosed number of shares in the Moscow Exchange MICEX-RTS from the Russian Direct Investment Fund (RDIF), the US$10 billion sovereign private equity fund sponsored by the Russian government to co-invest with international investors. BlackRock joins the RDIF, the European Bank… Read More
Indian alternative asset manager IDFC Alternatives has sold approximately four percent of its stake in Gujarat Pipavav Port (Pipavav), the operator of India’s Port Pipavav, through a share sale on India’s National Stock Exchange. IDFC originally invested in Pipavav, which is also listed on the Bombay Stock Exchange, through… Read More
International Finance Corporation (IFC) is investing up to US$10 million in CoreCo Central America Fund I, a private equity fund managed by Central America-focused private equity firm CoreCo Holding. The fund, which is targeting total commitments of US$65 million, plans to invest in small and medium enterprises, particularly in… Read More
Asia-focused private equity firm Navis Capital Partners has completed an investment into OPV Pharmaceutical Holdings, a Vietnamese manufacturer of branded generic pharmaceuticals. The majority of Navis’s investment came through the purchase of newly issued shares, which increased the capital base of OPV Pharmaceuticals. Financial details of the transaction were… Read More
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