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Creador Closes Third Fund with US$415 Million in Commitments (Asia)
South and Southeast Asia-focused private equity firm Creador Capital has reached a final close for its third fund with US$415 million in capital commitments. Investors in the fund reportedly include global private markets asset managers and advisors Hamilton Lane, Siguler Guff & Company and Hermes GPE. The fund will invest in consumer-oriented businesses in Indonesia, Malaysia, Singapore, the Philippines, India… Read More
One Equity Partners & TRPE Capital Exit Netas Telekomunikasyon to ZTE International (CEE/CIS)
Private equity firms One Equity Partners and TRPE Capital have agreed to sell their 48 percent stake in Turkey-based ICT services provider Netas Telekomunikasyon to China-based telecommunications and IT equipment manufacturer ZTE International for US$101 million, plus performance earnouts. One Equity Partners originally invested in the company in 2010 through OEP Turkey Tech, a vehicle advised by TRPE Capital since… Read More
Algebra Ventures Fund I Reaches First Close with US$40 Million in Capital Commitments (MENA)
MENA-focused venture capital firm Algebra Ventures has reached a first close for its new technology venture capital fund with US$40 million in capital commitments. Investors in the fund include Cisco’s corporate investment arm Cisco Investments and the Egyptian-American Enterprise Fund, an investment fund backed by the United States government, as well as development finance institutions European Bank for Reconstruction and… Read More
CGN Capital Partners Infrastructure Fund III Reaches Third Close with US$478M in Commitments (Asia)
CGN Private Equity Fund Management Company has reached a third close for CGN Capital Partners Infrastructure Fund III with CNY3.3 billion (approximately US$478 million) in commitments. Investors in the fund include Industrial and Commercial Bank of China, Agricultural Bank of China, Post Savings Bank of China, China Cinda Asset Management, China Huarong Asset Management and People’s Insurance Company of China.… Read More
Amandi Energy Secures US$552 Million in Financing for Ghana Power Project (Sub-Saharan Africa)
Amandi Energy, a project development platform backed by Endeavor Energy and Aldwych International, has arranged US$552 million in financing for the construction of a 200 megawatt combined-cycle, dual-fuel power plant in Ghana. Endeavor and Aldwych are in turn backed by energy and infrastructure-focused private equity firms Denham Capital and Harith General Partners, respectively. The financing package includes US$134 million in… Read More
Warburg Pincus Closes China Fund with US$2 Billion in Capital Commitments (Asia)
Global private equity firm Warburg Pincus has reached a final close for Warburg Pincus China with US$2 billion in capital commitments. Investors in the fund include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high-net worth individuals. The Washington State Investment Board reportedly committed US$200 million to the fund, which also received commitments of US$100… Read More
InFrontier Afghanistan Fund Reaches First Close with US$22 Million in Commitments (Asia)
Frontier markets-focused private equity firm InFrontier has reached a first close for InFrontier Afghanistan Fund with US$22 million in capital commitments. Investors in the fund include development finance institutions CDC Group, which committed US$15 million, and the Dutch Good Growth Fund. The fund is targeting a final close in 2017. Read More
Aspada Advisors Invests in Arya (Asia)
Aspada Advisors, an investment firm focused on small and medium-sized enterprises in India, has invested in India-based post-harvest agriculture value chain service provider Arya Collateral Warehousing Services. Aspada invested through Aspada Investment Company. Arya will use the new capital to scale in primary markets with low warehousing penetration and availability of finance for post-harvest storage of commodities. Financial details of… Read More
The Blackstone Group Fully Exits Multi Commodity Exchange of India for US$45 Million (Asia)
The Blackstone Group has fully exited its 4.79 percent stake in Multi Commodity Exchange of India (MCX) for an estimated INR3 billion (approximately US$45 million) through an open market transaction on the National Stock Exchange of India. Blackstone originally invested in MCX in 2013. Read More
Global Capital Management Acquires 100 Percent Stake in Yum Yum Tree Food Court (MENA)
Global Capital Management, the alternative asset management arm of MENA-focused investment group Global Investment House, has acquired a 100 percent stake in Bahrain-based quick service restaurant manager Yum Yum Tree Food Court. With Global’s support, Yum Yum will focus on expanding its brand portfolio and presence across Saudi Arabia, Kuwait and Oman. Financial details of the transaction were not disclosed. Read More
Equator Capital Partners Invests US$5.9 Million in Jamii Bora Bank (Sub-Saharan Africa)
Impact investment fund manager Equator Capital Partners has acquired a 15 percent stake in Kenya-based financial institution Jamii Bora Bank for US$5.9 million. Equator Capital Partners invested through ShoreCap II. Jamii Bora reportedly serves more than 400,000 customers through 26 branches located across Kenya. Read More
Samara Capital Invests US$25 Million in Sahajanand Medical Technologies (Asia)
India-focused private equity firm Samara Capital has invested approximately INR1.7 billion (approximately US$25 million) in India-based medical devices manufacturer Sahajanand Medical Technologies. The company plans to use the funds on research and development to expand its product line in the cardiovascular segment. Read More