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NBK Capital Partners Mezzanine Fund II Reaches a First Close with US$110m in Commitments (MENA)
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa, has held a first close for NBK Capital Partners Mezzanine Fund II with US$110 million in capital commitments. Investors in the fund include institutional investors and family offices. The fund will target middle market companies in consumer-centric sectors such as education, healthcare… Read More
Helios Investment Partners Acquires a Majority Stake in Telkom Kenya (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners has acquired a 60 percent stake in landline phone service provider Telkom Kenya from France-based telecommunications company Orange. The transaction was structured through Helios Investors III. The Government of Kenya also increased its stake in Telkom Kenya from 30 percent to 40 percent. Read More
BPM Capital Provides Mezzanine Financing to Optometrijas Centrs to Fund a Management Buyout(CEE/CIS)
Investment manager BPM Capital has provided mezzanine financing for the management buyout of Optometrijas Centrs, a retailer and wholesaler of eye care products in Latvia and Lithuania. The transaction was structured through BPM Mezzanine Fund. Optometrijas Centrs was founded in 1992 and manages eye care stores under various brands, as well as an online eye care retailer. Financial details of… Read More
Schulze Global Investments Acquires 43 Percent of Origin Investments (Sub-Saharan Africa)
Frontier markets-focused private equity firm Schulze Global Investments has acquired a 43 percent stake in Ethiopia-based water bottling company Origin Investment. With Schulze’s support, Origin intends to increase production and create employment opportunities. Financial details of the transaction were not disclosed. Read More
Rabo Equity Advisors Invests INR1 Billion in Parijat Industries (Asia)
India-focused private equity firm Rabo Equity Advisors has acquired a minority stake in India-based agrochemical company Parijat Industries for approximately INR1 billion (approximately US$15 million). The transaction was structured through India Agri Business Fund II, a fund managed by Rabo Equity Advisors. Parijat will use the new capital to grow domestically and internationally. Read More
Navis Capital Partners to Acquire a Controlling Stake in ISA Industrial (Asia)
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to acquire a controlling stake in Macau-based footwear component supplier ISA Industrial. The company’s founders will retain a minority stake and some members of the company’s senior management will co-invest alongside Navis. ISA Industrial operates factories in Vietnam, China and the United States, and supplies leather goods to global footwear… Read More
Genesis Capital Acquires a 75 Percent Stake in Quinta-Analytica (CEE and CIS)
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has acquired a 75 percent stake in Czech Republic-based Quinta-Analytica, a commercial services provider for the pharmaceutical, biotechnology and generic drug industries. Financial details of the transaction, which was structured through Genesis Private Equity Fund III, were not disclosed. Read More
Accel Partners Leads a US$1.7 Million Seed Round for Egypt-based Instabug (MENA)
Venture capital firm Accel Partners has led a US$1.7 million seed financing round for Egypt-based provider of software bug reporting tools Instabug. A series of angel investors also participated in the round. Instabug, which was part of seed accelerator Y Combinator’s Winter 2016 batch, plans to use the capital to expand its suite of bug reporting tools to provide a… Read More
Omidyar Network Participates in Financing Rounds for IntelleGrow and NowFloats (Asia)
Philanthropic investment firm Omidyar Network, asset manager Developing World Markets (DWM) and European lender Triodos Bank’s investment arm Triodos Investment Management have invested INR510 million (approximately US$7.6 million) in India-based venture debt lender Jain Sons Finlease, which operates under the IntelleGrow brand. Omidyar invested INR150 million (approximately US$2.2 million), while Triodos and DWM each contributed INR180 million (approximately US$2.7 million).… Read More
KKR to Invest US$81.2 Million in Agricultural Supplier Japfa Comfeed Indonesia (Asia)
Global investment firm KKR has agreed to invest US$81.2 million for a 10.44 percent stake in Indonesia-based agricultural supplier Japfa’s major subsidiary Japfa Comfeed Indonesia. The investment, which will be structured through KKR’s Asian Fund II, involves a private placement and a share sale. Both are part of an overall strategy to strengthen Japfa’s balance sheet. The transaction is conditional… Read More
Nexxus Capital Invests in Fondo de Transporte México (Latin America)
Mexico-focused private equity firm Nexxus Capital has agreed to invest in Mexico-based Fondo de Transporte México, a holding company focused on the logistics, cargo, personnel and student transportation sectors. The transaction will be structured though Nexxus Capital VI. Financial details of the transaction, which is pending certain closing conditions including the approval of Mexico’s Antitrust Authority, were not disclosed. Read More
EQT Sells Its 30 Percent Stake in Modern Metal and Precision Holdings to JD Capital (Asia)
Private equity group EQT has sold its 30 percent stake in China-based aluminum die casting manufacturer Modern Metal and Precision Holdings to China-focused investment firm JD Capital. Modern Metal's founders have also sold a 49 percent stake in the company to JD Capital. EQT originally invested in the company in December 2010 in a transaction structured through EQT Greater China… Read More