Genser Energy, a Ghana-based natural gas independent power producer, closed an eight-year USD425m financing package consisting of a USD325m syndicated senior loan facility and a USD100m mezzanine loan. Standard Bank of South Africa, Absa Bank, Société Générale, Mauritius Commercial Bank, Ninety One, Barak Fund and the Development Bank of Southern… Read More
KKR’s non-banking financial company (NBFC) KKR India Financial Services merged with India-based lender InCred. The combined business will operate under the InCred Finance brand with a USD600m balance sheet and ~USD300m equity base. Read more here. Read More
Ruya Partners provided SAR75m (~USD20m) in financing to Energia, a Saudi Arabia-based temporary power solutions provider. Read more… Read More
Coller Capital and Hahn & Company acquired South Korea-listed cement manufacturer Ssangyong C&E for ~USD1.5b through a single-asset continuation vehicle. Hahn & Company first invested in the company in 2012 and acquired a controlling stake in 2016. Read more… Read More
Silicon Badia led a USD12m Series A for Cartona, an Egypt-based B2B e-commerce platform, with participation from SANAD Fund for MSME, Arab Bank Accelerator and Sunny Side Ventures, and follow-on from Global Ventures and Kepple Africa Ventures. Read more… Read More
Seedstars reached a USD20m first close for its second emerging markets seed fund with commitments from IFC, Visa, Rockefeller Foundation, Symbiotics and others. Read more… Read More
ESR reached a USD1b first close for its debut Data Centre Fund 1. The vehicle has a hard cap of USD1.5b and invests in data center projects across Asia. Read more… Read More
China-based BAI Capital reached a USD700m final close of its inaugural venture fund. Formerly known as Bertelsmann Asia Investments, the firm will back Chinese companies that are part of the country’s structural reform, in areas including renewable energy, autonomous driving, and software-driven industrial upgrade solutions, as well as Chinese companies… Read More
Amethis exited its minority stake in Pétro Ivoire, an Ivory Coast-based retail distributor of oil and gas, to state-owned Caisse Nationale de Prévoyance Sociale (CNPS) for an undisclosed amount. Amethis first invested in the company in July 2013 and sold part of its stake through a leveraged management buyout in… Read More
AINDA Energía & Infraestructura acquired a 3.6% stake in Hokchi Energy, a Mexico-based offshore oil and gas subsidiary of PanAmerican Energy, for an undisclosed amount. Read more… Read More
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