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Cinven, Permira & Mid Europa Agree to Acquire Allegro from Naspers for US$3.25 Billion (CEE and CIS)
Private equity firms Cinven, Permira and Mid Europa Partners have agreed to acquire Poland-based online marketplace Allegro Group from Johannesburg-listed internet and entertainment group Naspers for US$3.25 billion. Allegro Group, which was established in 1999, has more than 20 million registered users and carries out 14 million transactions monthly. The acquisition is subject to customary regulatory and antitrust approvals. Read More
Jacob Ballas Invests in Adlabs Entertainment (Asia)
Private equity advisory firm Jacob Ballas Capital India has acquired a one percent stake in India-listed theme parks operator Adlabs Entertainment for an estimated INR70 million to INR80 million (approximately US$1 million to US$1.2 million). Jacob Ballas invested through NYLIM Jacob Ballas India Holdings IV. Adlabs Entertainment, which had previously received an investment from Jacob Ballas in 2014, runs theme,… Read More
The Abraaj Group Backs Nigeria-based Indorama Fertilizers (Sub-Saharan Africa)
Global growth markets investor The Abraaj Group has acquired a minority stake in Nigeria-based fertilizer manufacturer Indorama Fertilizers. With support from Abraaj, Indorama Fertilizers plans to develop its management team, build its network, expand capacity and diversify its product line. Financial details of the transaction were not disclosed. Read More
MSPEA Acquires 26 Percent Stake in DSG International Thailand for THB1.61 Billion (Asia)
Asia Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has acquired a 26 percent stake in Thailand-based baby and adult diaper manufacturer DSG International Thailand for THB1.61 billion (approximately US$46 million). MSPEA, which invested through North Haven Private Equity Asia IV (formerly known as MSPEA IV), intends to delist DSG in the next 12 months. Read More
Accel Partners Participates in US$7 Million Series A Round for HolidayMe (MENA)
United Arab Emirates-based online travel agency HolidayMe has raised a US$7 million Series A Round from global venture capital firm Accel Partners and Saudi Arabia-based investors F&C Overseas Investment and Al Sanie Group. HolidayMe plans to use the new capital to further scale its technology, accelerate customer growth, make key strategic hires and expand regionally. Read More
Ofo Completes US$130m Series C Round from CITIC Private Equity and Others (Asia)
China-based online-to-offline bike sharing platform Ofo has completed a US$130 million Series C round across two tranches. China-based ride-hailing app operator Didi Chuxing led the initial tranche, while U.S.-based alternative investment fund manager Coatue Management, China-based smart phone maker Xiaomi, private equity firm CITIC Private Equity and venture capital firm Shunwei Capital Partners led the second tranche. Venture capital firms… Read More
Catalyst Principal Partners Acquires Controlling Stake in Zenufa Laboratories (Sub-Saharan Africa)
East Africa-focused private equity firm Catalyst Principal Partners has acquired a controlling stake in Tanzania-based pharmaceutical manufacturer Zenufa Laboratories. Established in 2005, Zenufa produces over-the-counter and prescription medicines for the Tanzanian market under brands including Zenadol, Zenkof, Zn-vital and Dr. Cold. Financial details of the transaction were not disclosed. Read More
Accion Venture Lab leads Financing Round for South Africa-based Lulalend (Sub-Saharan Africa)
Accion Venture Lab, the early-stage investment vehicle of financial inclusion-focused investor Accion, has led a financing round for South Africa-based online lending platform Lulalend. Impact investor Newid Capital and investment holding company Hallman Holding International Investment also participated in the round. Lulalend will use the new capital to expand its team and develop and scale its offerings. Financial details of… Read More
Dalus Capital Raises MXN950 Million for CKD (Latin America)
Latin America-focused venture capital and growth equity fund manager Dalus Capital has completed a MXN950 million (approximately US$50 million) Certificado de Capital de Desarrollo (CKD) offering through the Mexican Stock Exchange. The CKD, which operates similarly to a traditional growth fund with a duration of 10 years, will focus on investing in Mexico-based companies in the financial services and financial… Read More
Tigris Infrastructure Partners Invests US$30 Million in Yixing Jeffcon (Asia)
Tigris Infrastructure Partners, an Asia-focused infrastructure investment manager backed by Odyssey Capital and Macquarie Capital, has invested US$30 million in China-based wastewater treatment company Yixing Jeffcon. Tigris Infrastructure Partners made its commitment through the Tigris Water Investment Platform. With Tigris’ support, Jeffcon plans to expand outside of China. Read More
Investec Asset Management Backs Off-grid Solar Home Systems Company Mobisol (Sub-Saharan Africa)
Investec Asset Management’s African private equity arm has invested in Germany-based Mobisol, a provider of off-grid solar home systems in Africa. Development finance institutional DEG also participated in the transaction. Mobisol has installed more than 60,000 solar home systems in Tanzania and Rwanda and is entering the Kenyan market. Financial details of the transaction were not disclosed. Read More
IDFC Alternatives to Acquire 24 Megawatt Wind Power Project from Jindal Steel & Power (Asia)
India-focused private equity firm IDFC Alternatives has agreed to acquire a 24 megawatt wind power generation business in Maharashtra from National Stock Exchange-listed power generation company Jindal Steel and Power. IDFC will invest through India Infrastructure Fund II. Financial details of the transaction, which is subject to customary regulatory approval, were not disclosed. Read More