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KKR and Temasek to Invest US$265 Million in SBI Life Insurance (Asia)

Global investment firm KKR and Singapore-based sovereign wealth fund Temasek Holdings have agreed to acquire a 3.9 percent stake in India-based SBI Life Insurance Company for INR18 billion (approximately US$265 million). KKR and Temasek will each acquire 1.95 percent stakes. The transaction is subject to regulatory approval Read More

Quaestus Private Equity Exits Metronet Telekomunikacije to Telekom Austria Group (CEE and CIS)

Central and Eastern Europe-focused private equity firm Quaestus Private Equity has exited its stake in Croatia-based fixed-line provider Metronet Telekomunikacije to Vipnet, the Croatian subsidiary of Telekom Austria Group. Quaestus originally invested in Metronet in 2005 through its first fund, Quaestus Private Equity Kapital. The transaction, which is pending regulatory approval, is expected to close in the first quarter of… Read More

DST Global Leads US$80 Million Series D Round for Nubank (Latin America)

Private investment firm DST Global has led a US$80 million Series D round for Brazil-based mobile credit card platform Nubank. Existing investors Founders Fund, QED Investors, Sequoia Capital and Tiger Global Management, as well as new investors Redpoint Ventures and Ribbit Capital, also participated in the round. Nubank will use the new capital to invest in data science infrastructure and… Read More

MBK Partners’ Fourth Fund Reaches US$4.1 Billion Final Close (Asia)

North Asia-focused private equity firm MBK Partners has reached a final close for its fourth fund with US$4.1 billion in commitments. Investors in the fund include Ontario Teachers’ Pension Plan, Canada Pension Plan Investment Board, Singapore-based sovereign wealth fund Temasek Holdings and China-based sovereign wealth fund China Investment Corporation. The New Jersey Division of Investment reportedly committed US$100 million to… Read More

Meridiam Invests US$9 Million in Ten Marina (Sub-Saharan Africa)

Global infrastructure investment firm Meridiam has invested EUR8.5 million (approximately US$9 million) in Senegal-based 30 megawatt photovoltaic solar power plant Ten Marina. Meridiam’s investment, which was completed through Meridiam Africa Infrastructure Fund, forms part of an EUR43 million (approximately US$45 million) financing package, which also includes an EUR34.5 million (approximately US$36 million) 18-year loan provided by development finance institutions Proparco… Read More

EMX Capital Invests in Orben Communications (Latin America)

Mexico-focused private equity fund manager EMX Capital has invested in Mexico-based information and communications technology service provider Orben Communications through a convertible debt structure. EMX Capital made its investment through EMX Capital I. Orben plans to use the new funds to strengthen its services in data security. Financial details of the transaction were not disclos Read More

Cathay Capital Leads US$14 Million Series A+ Round for Yimidida (Asia)

Cross-border private equity firm Cathay Capital Private Equity has led a CNY100 million (approximately US$14 million) Series A+ round in China-based Yimidida, an online logistics platform providing crowd-sourced delivery services in China’s small counties and villages. Existing investors China-focused venture capital firm Source Code Capital and Singapore-based Global Logistic Properties (GLP) also participated in the round. The new funding follows… Read More

TC Latin America Partners’ Second Real Estate Fund Reaches US$268Million Final Close (Latin America)

Real estate fund manager TC Latin America Partners has reached a final close for Terranum Capital Latin America Real Estate Fund II with US$268 million in commitments. Investors in the fund include pension funds and insurance companies in Colombia, Peru, the United States, the Middle East and Europe. The fund will invest in the development of residential, commercial and industrial… Read More

Amicus Capital Partners Reaches US$90 Million First Close for Maiden Fund (Asia)

India-focused private equity firm Amicus Capital Partners has reportedly reached a first close for its first fund with approximately US$90 million in commitments. Investors in the fund include European family offices and multilateral institutions. The fund, which is targeting US$200 million in total commitments, will largely focus on acquiring minority stakes in companies in the health care, technology, business services,… Read More

Riverstone Commits up to US$300 Million to Avant Energy (Latin America)

Energy and power-focused private investment firm Riverstone Holdings has agreed to an initial line-of-equity investment of US$150 million in newly-established Mexico-based energy infrastructure platform Avant Energy. Riverstone’s initial investment may increase to US$300 million once its initial commitment has been invested. Avant Energy will focus on the development, construction and operation of infrastructure for Mexico’s oil, natural gas, refined products… Read More

Synergy Capital Managers Invests in MSY Analytics Group (Sub-Saharan Africa)

Nigeria- and Ghana-focused private equity firm Synergy Capital Managers has invested in Nigeria-based MSY Analytics Group, a technology-driven professional services and data analytics company focused on organizational productivity. MSY will use Synergy’s investment, which was made through Synergy Private Equity Fund, to expand geographically across the continent and to deepen its product offerings. Financial details of the transaction were not… Read More

Nexxus Capital and MCH Private Equity Agree to Invest in Pumping Team Holding (Latin America)

Mexico-focused private equity firm Nexxus Capital and Spain-focused private equity firm MCH Private Equity have agreed to invest in Spain-based Pumping Team Holding, a concrete pumping services company with operations in Mexico and Spain. Nexxus will invest through Nexxus Capital Private Equity Fund VI, while MCH will invest through MCH Iberian Capital Fund IV. Concurrently, Pumping Team has agreed to… Read More