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Mediterrania Capital Partners Invests in MedTech Group (MENA)
North Africa-focused private equity firm Mediterrania Capital Partners has invested in Morocco-based IT business system integrator MedTech Group. The transaction was structured through Mediterrania Capital II. MedTech operates in the software, hardware and middleware infrastructure, payment solutions, and telecom and network systems sectors. Financial details of the transaction were not disclosed. Read More
Gulf Capital’s Second Private Debt Fund Reaches a Third Close with US$222.5m in Commitments (MENA)
Middle East-focused alternative asset manager Gulf Capital has reached a third close for its second private debt fund, GC Credit Opportunities Fund II, with US$222.5 million in capital commitments. The fund previously held a second close in May with US$202.5 million in commitments. Investors in the fund included development finance institution IFC, which invested US$25 million. The fund, which has… Read More
Providence Equity Partners Sells a Partial Stake in Idea Cellular for INR1.38 Billion (Asia)
Global private equity firm Providence Equity Partners has sold a 3.47 percent stake in Bombay Stock Exchange and the National Stock Exchange-listed telecommunication service provider Idea Cellular for INR1.38 billion (approximately US$204 million) via an open market sale. Providence, which originally invested in Idea Cellular in 2006, holds a remaining 3.33 percent stake after the transaction. Idea Cellular offers cellular… Read More
Warburg Pincus Agrees to Sell a Partial Stake in China Biologic Products (Asia)
Global private equity firm Warburg Pincus has agreed to sell a 10.4 percent stake in NASDAQ-listed blood plasma-based biopharmaceutical company China Biologic Products in an underwritten public offering. Warburg Pincus, which originally invested in Biologic through Warburg Pincus Private Equity X, will sell 2.78 million shares. The offering is expected to close on or around 8 June 2016, subject to… Read More
The Abraaj Group Lists Cleopatra Hospital on Egyptian Exchange (MENA, CEE and CIS)
Global growth markets investor The Abraaj Group has listed Egypt-based healthcare provider Cleopatra Hospital on the Egyptian Exchange, raising EGP360 million (approximately US$40.5 million) in an initial public offering (IPO). Abraaj, which originally invested in Cleopatra Hospital in 2014 through Abraaj Private Equity Fund IV and Abraaj North Africa Fund II, will retain an 80 percent stake in the company.… Read More
Kejora Ventures Agrees to Invest in a Series A Round for Indonesia-based Investree (Asia)
Southeast Asia-focused venture capital firm Kejora Ventures has agreed to invest in a Series A financing round for Indonesia-based online peer-to-peer lending marketplace Investree. The company, which connects lenders with borrowers, plans to use the capital hire new talent — from marketing personnel to legal experts; as well as establish sales offices. Financial details of the agreement, which will be officially… Read More
Convergence Partners Invests US$1 Million in Snapt (Sub-Saharan Africa)
Africa-focused investment management firm Convergence Partners has invested US$1 million in South Africa-based load balancing, web acceleration and security software company Snapt. The company, which has a reported client base of 10,000 customers across 50 countries, plans to use the new capital to expand internationally. Read More
Lunar Capital Agrees to Buy a 10.4 Percent Stake in Honworld Group (Asia)
China-focused private equity firm Lunar Capital has agreed to buy a 10.4 percent stake in Honworld Group, a cooking wine manufacturer listed on the Hong Kong Stock Exchange. Lunar Capital will subscribe to 60 million shares in the company at HKD6.00 (approximately US$0.77) per share, totaling gross proceeds for the company of HKD360 million (approximately US$46.3 million). The transaction, which… Read More
Actis Sells Stake in Edita Food Industries; Reaches a Final Close (MENA, Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis has sold a seven percent stake in Edita Food Industries, an Egypt-based snack food company. Actis sold 50.7 million shares for an average price of EGP17.85 (approximately US$2.00) per share, for total proceeds of EGP906 million (approximately US$102 million). Separately, Actis has reached a final close for Actis Africa Real Estate Fund 3 with… Read More
Pátria Investimentos to Invest BRL450 Million in ODATA (Latin America)
Pátria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, will invest BRL450 million (approximately US$126 million) in Brazil-based data center company ODATA. The company received an initial investment of BRL200 million (approximately US$56 million), which will be used to build a data center in Santana de Parnaíba. ODATA will also receive more than BRL250 million (approximately… Read More
Aavishkaar Invests US$2 Million in Bangladesh-based CloudWell (Asia)
Southeast Asia-focused impact fund advisory firm Aavishkaar has invested US$2 million in Bangladesh-based payment systems company CloudWell. The transaction was structured through Aavishkaar Frontier Fund. CloudWell, which operates under the brand name PayWell, will use the new capital to expand geographically within Bangladesh. Read More
Quona Capital, QED Investors, Kaszek Ventures and Jaguar Ventures Invest in Konfio (Latin America)
Mexico-based lending platform Konfio has raised a US$8 million financing round from financial services-focused venture capital firm Quona Capital, private equity firm QED Investors and two Latin America-focused venture firms: Kaszek Ventures and Jaguar Ventures. Quona Capital structured its contribution through the Accion Frontier Inclusion Fund. Konfio intends to use the funding to strengthen its operations, grow its user base… Read More