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Mediterrania Capital Partners & EuroMena Funds Back BS Invest, CAP Retail & Investex Algérie(MENA)
Private equity firms Mediterrania Capital Partners and the EuroMena Funds have acquired minority stakes in three retail companies: Tunisia-based BS Invest, Morocco-based CAP Retail and Algeria-based Investex Algérie. The transactions were structured through Mediterrania Capital Partners' MC II and the EuroMena funds' EuroMena III. The retail companies collectively distribute 11 apparel brands and operate 76 sales outlets. With support from… Read More
Aavishkaar Invests LKR300 Million in Sri Lanka-based MA’s Foods (Asia)
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar has invested LKR300 million (approximately US$2 million) in Sri Lanka-based food manufacturer MA’s Foods. The transaction was structured through Aavishkaar Frontier Fund. MA’s Foods, which markets a portfolio of organic, fair-trade and conventional gourmet meal solutions, plans to use the new capital to expand into northern Sri Lanka. Read More
Monk’s Hill Ventures Closes Its First Southeast Asia-focused Fund Above US$80 Million Target (Asia)
Venture capital firm Monk’s Hill Ventures has reached a final close for its first Southeast Asia-focused fund with more than US$80 million in capital commitments. Investors in the fund included Cisco’s corporate investment arm Cisco Investments, Singaporean sovereign wealth fund Temasek Holdings and Telstra’s corporate investment arm Telstra Ventures. The fund targets early-stage technology start-ups across Southeast Asia, as well… Read More
IDG Ventures India and Indian Angel Network to Invest INR80 Million in Little Black Book (Asia)
Venture capital firm IDG Ventures India and angel investment group Indian Angel Network (IAN) will invest a reported INR80 million (approximately US$1.2 million) in India-based Little Black Book, a curated online city and lifestyle guide. IDG and IAN will each contribute half of the total amount. Little Black Book will use the new capital to expand into new cities in… Read More
Liwwa Receives a US$2.3 Million Financing Round from Silicon Badia and DASH Ventures (MENA)
Early-stage technology investor Silicon Badia has led a US$2.3 million financing round for Jordan-based marketplace lender Liwwa with participation from venture capital firm DASH Ventures. Silicon Badia structured its contribution through its Badia Impact Fund. Liwwa will use the new funds to grow its underwriting capacity in Jordan and the MENA region and to open a software development and data… Read More
Cathay Capital Private Equity Invests in ABS (Asia)
Cross-border private equity firm Cathay Capital Private Equity has completed an investment in China-based home furnishing product retailer ABS. The transaction was structured through Sino-French SME Fund. Cathay Capital plans to leverage its home furnishing industry resources in China and France to assist ABS’s cross-border development. Financial details of the transaction were not disclosed. Read More
Kibo Capital Partners and Velogic Back Kenya-based General Cargo Group (Sub-Saharan Africa)
Kibo Capital Partners, a fund manager focused on Eastern and Southern Africa and the islands of the Indian Ocean, and Velogic, a Mauritius-based logistics company, have invested in Kenya-based logistics service provider General Cargo Group. The transaction was structured through Kibo Fund II. Financial details of the transaction were not disclosed. Read More
SSG Capital Management Agrees to Acquire a 40 Percent Stake in Future Supply Chain Solutions (Asia)
Asia-focused asset management firm SSG Capital Management has agreed to acquire a 40 percent stake in India-based supply chain and logistics company Future Supply Chain Solutions for up to INR5.8 billion (approximately US$87 million) from parent company Future Retail and Li & Fung Group’s private equity arm Fung Capital. Fung Capital will sell its entire 26 percent stake while Future… Read More
HIG Capital Closes Brazil and Latin America Fund with US$740 Million in Commitments (Latin America)
Global private investment firm H.I.G. Capital has reached a final close for H.I.G. Brazil & Latin America Partners with US$740 million in capital commitments, exceeding its US$600 million target. The fund will focus on buyout and growth investments in lower middle-market companies in Latin America, especially Brazil. Read More
Practica Capital Invests EUR1 Million in Softneta (CEE and CIS)
Lithuania-focused venture capital firm Practica Capital has invested EUR1 million (approximately US$1.1 million) in Lithuania-based health care software company Softneta. The transaction was structured through Practica Venture Capital. Softneta, which provides software-based specialized health care solutions to improve the quality of patient care, will use the new funds to improve its software products and hire new employees. Read More
3TS Capital Partners Invests EUR1 Million in Marketizator (CEE and CIS)
CEE-focused venture capital firm 3TS Capital Partners has invested EUR1 million (approximately US$1.1 million) in Romania-based marketing consultancy Marketizator. The transaction was structured through Catalyst Romania. Marketizator, which specializes in website conversion rate optimization, will use the new capital to expand geographically. Read More
Actera Group Agrees to Sell Its Stake in Mars Cinema Group (CEE and CIS)
Turkey-focused private equity firm Actera Group has agreed to sell its stake in Turkey-based cinema operator Mars Cinema Group to Korea-based global cinema operator CJ CGV. The exit is part of CJ CGV’s acquisition of the company at an enterprise value of US$800 million. Other sellers in the transaction include Esas Holding, a family office, and individual shareholders Muzaffer Yildirim… Read More