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Blackstone to Acquire a Majority Stake in India-based Mphasis (Asia)
Global investment firm Blackstone will acquire a majority stake in India-based information technology (IT) outsourcing services provider Mphasis. As part of the deal, United States-based IT company Hewlett Packard Enterprises (HPE), will sell at least 84 percent of its total 60.5 percent holding in Mphasis to Blackstone. Blackstone has also made an open offer to buy a 26 percent stake… Read More
Mediterrania Capital Partners Acquires a 43 Percent Stake in Cieptal Cars (MENA)
North Africa-focused private equity firm Mediterrania Capital Partners has acquired a 43 percent stake in Algeria-based long-term car rental company Cieptal Cars. The transaction was structured through Mediterrania Capital II. The company, which owns a fleet of 761 cars, focuses on corporate clients, primarily from the oil and gas sector. With the new investment, Cieptal Cars plans to accelerate its… Read More
Garena Interactive Raises US$170 Million from Khazanah Nasional and Tencent Holdings (Asia)
Singapore-based mobile internet and gaming platform Garena Interactive Holding has raised a US$170 million Series D financing round from Khazanah Nasional—an investment fund controlled by the Malaysian government—and China-based internet company Tencent Holdings. The investment reportedly valued the company at more than US$3.75 billion. Garena plans to use the fresh capital to build its digital content, e-commerce and online payment… Read More
Helios Investment Partners Acquires Crown Agents Bank and Investment Management (Emerging Markets)
Africa-focused private investment firm Helios Investment Partners has acquired 100 percent of emerging markets-focused financial services companies Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) following the receipt of regulatory approvals. The transactions were structured through Helios Investors III. CAB and CAIM provide payments, trade finance, foreign exchange and investment management services to frontier and emerging markets, primarily… Read More
NBK Capital Partners Invests in Saudi Arabia-based Amo Hamza (MENA)
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa region, has invested in Saudi Arabia-based seafood restaurant chain Amo Hamza. The transaction was structured through NBK Capital Equity Partners Fund II. Financial details of the transaction were not disclosed. Read More
The Carlyle Group Acquires GP Investments’ Remaining Stake in Tempo Participações (Latin America)
Global alternative asset manager The Carlyle Group has acquired a stake in Brazil-listed specialized support and call center services company Tempo Participações from Latin America-focused alternative investment firm GP Investments as part of Carlyle’s delisting of the company. GP Investments originally invested in the company in January 2007 in a transaction structured through its fund GP Capital Partners III. Carlyle,… Read More
Andreessen Horowitz Leads a Series A Financing Round for Branch International (Sub-Saharan Africa)
Branch International, a financial technology company focused on Sub-Saharan Africa, has raised US$9.2 million in a Series A funding round led by venture capital firm Andreesen Horowitz. Impact investor Khosla Impact Fund and venture capital firm Formation 8, both existing investors in the company, also participated in the round. Branch provides customers financial services over their mobile phones and collects… Read More
Abris Acquires a Majority Stake in Poland-based Industrial Division (CEE and CIS)
CEE and CIS-focused mid-market private equity firm Abris Capital Partners has acquired a majority stake in Poland-based railway services company Industrial Division. In partnership with Abris, Industrial Division plans to increase the size of its operations in markets where it is currently active and enter the passenger services segment. Financial details of the transaction were not disclosed. Read More
Yiguo Raises a Series C Funding Round from KKR and Alibaba Group (Asia)
China-based fresh food e-commerce platform Yiguo has raised a Series C financing round from global investment firm KKR and China-based e-commerce company Alibaba Group, an existing investor in Yiguo. KKR’s portion of the investment was structured through KKR China Growth Fund. Yiguo, which sells seafood and fruit online, plans to use the new funds to expand its customer base, develop… Read More
AfricInvest Backs Outsourcia Group (MENA)
Pan-African private equity firm AfricInvest has invested in Morocco-based customer relationship management and business process outsourcing provider Outsourcia Group. The transaction was structured through Maghreb Private Equity Fund III. AfricInvest aims to support Outsourcia in bringing its corporate development initiative, “Acquire and Migrate,” to other regions of Africa. Financial details of the transaction were not disclosed. Read More
Lok Capital’s Fund Sarva Capital Leads a Series A Round for Veritas Finance (Asia)
Veritas Finance, an India-based financial services provider for micro and small enterprises, has raised an INR300 million (approximately US$4.5 million) Series A funding round led by Sarva Capital, a fund managed by India-based venture capital firm Lok Capital. India-focused impact investment firm Caspian Impact Investment Adviser also participated in the round. Veritas Finance plans to use the new capital to… Read More
Duet Group Agrees to Invest US$18.6 Million in Kenya-based Fidelity Bank (Sub-Saharan Africa)
Alternative asset management firm Duet Group has agreed to invest approximately US$18.6 million in Kenya-based lender Fidelity Bank. Fidelity Bank intends to use the financing to improve its capital base and expand regionally. The bank is looking to double the size of its branch network from 14 locations predominantly in Nairobi and Mombasa to 28 locations across East Africa by… Read More