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Rockwood Private Equity Agrees to Sell Its Stake in Safripol (Sub-Saharan Africa)
South Africa-focused fund manager Rockwood Private Equity has agreed to sell its stake in South Africa-based polypropylene and high-density polyethylene manufacturer Safripol as part of a ZAR4.1 billion (approximately US$307 million) acquisition by Johannesburg-listed conglomerate KAP Industrial Holdings. The management of Safripol and South Africa-based investment holding company Thebe Investment Corporation will also sell their stakes. Rockwood Private Equity originally… Read More
The Carlyle Group Sell 45 Percent of CVC Brasil Operadora e Agência de Viagens (Latin America)
Global alternative asset manager The Carlyle Group and individual investor Guilherme Paulus have sold a combined 45 percent stake in Brazil-based travel agency CVC Brasil Operadora e Agência de Viagens via a secondary offering with restricted distribution on the BM&FBOVESPA. Carlyle and Paulus, who co-founded CVC in 1972, sold 60 million shares returning BRL1.23 billion (approximately US$391 million). After the… Read More
BPE Partners and Daikin Europe Establish Daikin Air Conditioning Egypt (MENA)
Egypt-focused private equity fund manager BPE Partners has partnered with Daikin Europe, a wholly-owned subsidiary of Japan-based air conditioning equipment manufacturer Daikin Industries, to establish Daikin Air Conditioning Egypt. The subsidiary, which began operations in August 2016, will focus on expanding Daikin’s business within Egypt, as well as the broader Middle East and Africa region. Financial details of the transaction… Read More
Formation Group Leads US$66 Million Series C Round for Memebox (Asia)
Venture capital firm Formation Group has led a US$66 million Series C round for South Korea-based beauty products e-commerce company Memebox. Early-stage investors Goodwater Capital and Pejman Mar Ventures also participated in the round. Memebox will use the new capital to expand globally. Read More
CDIB Capital Invests CNY200 Million in Tutwo Outdoor (Asia)
CDIB Capital, the international private equity arm of China Development Financial, has invested CNY200 million (approximately US$30 million) in China-based outdoor sporting goods retail platform Tutwo Outdoor. CDIB Capital invested through CDIB Capital Asia Partners. Established in 2006, Tutwo operates more than 900 stores across China. Read More
EAIF Provides US$20 Million Debt Financing to Helios Towers Africa (Sub-Saharan Africa)
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has provided US$20 million to telecommunications infrastructure platform Helios Towers Africa (HTA) as part of a syndicated loan totaling US$105 million. HTA will use the loan to purchase 950 telecom towers in the Democratic… Read More
GSR Ventures Participates in CNY300 Million Series B Round for Yunnex (Asia)
Venture capital firm GSR Ventures has participated in a CNY300 million (approximately US$45 million) Series B round for China-based point-of-sale solution provider Yunnex. Japan-based fast food restaurant chain Ajisen Ramen also participated in the round. Yunnex will use the new capital for research and development, as well as market expansion. Read More
Capital Square Partners Buys Majority Stake in Indecomm Global Services (Asia)
India- and Southeast Asia-focused private equity firm Capital Square Partners has acquired a 55 percent stake in India-based IT services provider Indecomm Global Services for US$90 million. India-focused investment firm WestBridge Capital Partners, global investment firm Tiger Global Management and development finance institution International Finance Corporation sold their stakes in Indecomm to Capital Square Partners as part of the acquisition.… Read More
Nordwind Capital Leads Financing Round for Iran-based ChapAgha.com (MENA)
Private equity firm Nordwind Capital has led a financing round for Iran-based online printing services provider ChapAgha.com (Mr. Print). The company will use the new capital to acquire new printers, expand its product line and develop a mobile application. Financial details of the transaction were not disclosed. Read More
Mekong Capital Invests in ABA Cooltrans (Asia)
Vietnam-focused private equity firm Mekong Capital has invested in Vietnam-based cold chain logistics specialist ABA Cooltrans through Mekong Enterprise Fund III. With Mekong Capital’s support, ABA Cooltrans will strengthen its management team, incorporate best practices and improve service quality. Financial details of the transaction were not disclosed. Read More
KKR, Warburg Pincus, Farallon Capital &Capital Group Private Markets Agree to Invest in Go-Jek(Asia)
Private equity firms KKR, Warburg Pincus, Farallon Capital Management and Capital Group Private Markets have agreed to invest US$550 million in Go-Jek, an Indonesia-based on-demand motorcycle ride-hailing, food delivery, courier and lifestyle services platform. An unspecified number of previous investors also participated in the round. KKR invested through its Asian Fund II and Warburg Pincus invested through Warburg Pincus Private… Read More
Yunfeng Capital and Sequoia Capital Participate in US$100 Million Series C Round for VIPKID (Asia)
China-based online English education platform VIPKID has raised a US$100 million Series C round of funding from private equity firm Yunfeng Capital and venture capital firm Sequoia Capital. At least one other undisclosed venture capital firm also participated. VIPKID will use the new funding to acquire more users in the five- to twelve-year-old age group and to hire more English… Read More