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Innova Capital Backs Poland-based Netsprint Group (CEE and CIS)
Mid-market private equity firm Innova Capital has invested in Poland-based advertising and marketing technology firm Netsprint. The investment consisted of both a capital increase and an acquisition of shares from Poland-based holding company Dirlango. With Innova Capital’s support, Netsprint hopes to expand into other markets and to increase the scale of its operations. Financial details of the transaction were not… Read More
Enterprise Investors Agrees to Acquire Noriel Group (CEE and CIS)
Poland-based private equity and venture capital firm Enterprise Investors (EI) has agreed to acquire 100 percent of Romania-based toys and games retailer Noriel Group from the Constantinescu family—Noriel’s founding entrepreneurs—and CEE-focused investment manager Axxess Capital’s Balkan Accession Fund. The transaction will be structured through EI’s Polish Enterprise Fund VII. As part of the deal, EI will provide EUR2 million (approximately… Read More
Omidyar Network Leads a Seed Financing Round for Giraffe (Sub-Saharan Africa)
Philanthropic investment firm Omidyar Network has led a seed financing round in Giraffe, a South Africa-based company that operates an automated mobile recruitment app matching businesses with medium-skilled jobseekers. Omidyar will support the expansion of Giraffe’s platform and reach within the country. Financial details of the transaction were not disclosed. Read More
Convergence Partners and Stockdale Street Acquire e4 (Sub-Saharan Africa)
Africa-focused investment management firm Convergence Partners and Stockdale Street—a firm representing the Oppenheimer family’s South African private equity portfolio—have acquired 100 percent of South Africa-based software-as-a-service platform e4. Convergence Partners structured its contribution through its Communications Infrastructure Fund. With support from the new investors, e4 plans to accelerate its growth through new product and services development and further expand geographically.… Read More
General Atlantic to Acquire Actis’s Stake in XP Investimentos for BRL300 Million (Latin America)
Global private equity firm General Atlantic has agreed to purchase a ten percent stake in Brazil-based brokerage firm XP Investimentos from pan-emerging markets private equity firm Actis for BRL300 million (approximately US$86 million). General Atlantic will also acquire additional shares in a primary offering for BRL150 million (approximately US$43 million), bringing its ownership in the company to 49 percent once… Read More
Adventech Capital Leads a US$32 Million Financing Round for Hangzhou Tongdun Technology (Asia)
Advantech Capital Partners, an early-stage venture firm connected to New Horizon Capital, has led a US$32 million “Series B+” financing round for China-based security risk management software developer Hangzhou Tongdun Technology. Other participants in the round included a unit of China-based investment holding company Suzhou Oriza Holdings; China-focused venture capital firms Qiming Venture Partners, IDG Capital Partners and Linear Ventures;… Read More
Varthana Raises an INR930 Million Series B Round from Zephyr Peacock India and Others (Asia)
Private equity firms Zephyr Peacock India and Kaizen Private Equity have led an INR930 million (approximately US$14 million) Series B financing round for India-based non-banking finance company Thirumeni Finance, which operates under the name Varthana. Private equity firm Elevar Equity and philanthropic investment firms LGT Venture Philanthropy and Omidyar Network also participated in the round. The company expects to secure… Read More
ADB and JICA Establish a US$1.5 Billion Fund to Invest in Private Infrastructure
Development finance institution Asian Development Bank (ADB) and Japanese government agency Japan International Cooperation Agency (JICA) have agreed to establish a new fund to support private infrastructure investments across Asia and the Pacific. The fund, Leading Asia’s Private Infrastructure (LEAP), will be capitalized by US$1.5 billion in equity from JICA and will be managed by ADB’s Private Sector Operations Department.… Read More
SBI Ven Capital Invests US$10 Million in Bank Index Selindo (Asia)
SBI Ven Capital, the overseas private equity arm of SBI Holdings, has invested a reported US$10 million in Indonesia-based commercial lender Bank Index Selindo. The transaction was structured through SBI FMO Emerging Asia Financial Sector Fund. Bank Index, which was established in 1993, plans to launch online and mobile banking platforms within the next one to two years. Read More
Vantage Capital Provides US$20 Million of Expansion Funding to Landmark Africa (Sub-Saharan Africa)
Pan-African mezzanine fund manager Vantage Capital has provided US$20 million of expansion funding to Nigeria-based property developer Landmark Africa. The transaction was structured through Vantage Capital Fund III. Landmark Africa has a portfolio of more than 130,000 square meters of mixed-use office, residential and leisure facilities and is currently building Landmark Village, a mixed-use development in Lagos. Read More
Warburg Pincus Participates in a US$300 Million Series C Financing Round for Mofang Apartments(Asia)
Global private equity firm Warburg Pincus has participated in a US$300 million Series C financing round for China-based for-rent apartment operator Mofang Apartments. The round was led by China-based financial conglomerate AVIC Trust. Mofang, which operates 150 apartment complexes in 15 Chinese cities, plans to use the new capital to introduce new products and sub-brands. Read More
Equator Capital Partners & Progression Capital Africa Invest in Jamii Bora Bank (Sub-Saharan Africa)
Impact fund manager Equator Capital Partners and private equity firm Progression Capital Africa have invested KES1.2 billion (approximately US$12 million) in Kenya-based financial institution Jamii Bora Bank. The transaction was structured through Equator Capital Partners’ ShoreCap II and Progression Capital Africa’s Progression Eastern African Microfinance Equity Fund. Jamii Bora Bank will use the new funding to expand its reach to… Read More