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The Rohatyn Group Exits Turkey-based Luxury Retailers Beymen and Boyner (CEE and CIS)
Emerging markets asset management firm The Rohatyn Group (TRG) has fully exited Turkey-based luxury retailers Beymen Mağazacılık and Boyner Büyük Mağazacılık to Boyner Perakende ve Tekstil Yatırımları, a company controlled by Turkey-based retail conglomerate the Boyner Group. Beymen and Boyner had been portfolio companies of Citi Venture Capital International, which TRG acquired from Citigroup in 2013. Financial details of the… Read More
Aavishkaar Frontier Fund Reaches a First Close with US$45 Million in Capital Commitments (Asia)
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar has reached a first close for Aavishkaar Frontier Fund with US$45 million in capital commitments. The fund has a target of US$75 million and seeks to invest in socially beneficial and commercially viable companies in Indonesia, Bangladesh, Sri Lanka and Pakistan. The fund is anchored by German development bank KfW and… Read More
Incofin Investment Management Reaches a US$71 Million First Close for agRIF Fund (Pan-Emerging Marke
Incofin Investment Management, an impact investment fund manager focused on rural and agricultural finance, has reached a first close for its agRIF Fund with US$71 million in capital commitments. The fund will invest in financial intermediaries across emerging markets. Investors in the first close included European Union lender European Investment Bank, development finance institutions Proparco, BIO and SIFEM, investment company… Read More
TPG Growth and Satya Capital Establish a Partnership to Invest in Africa (Sub-Saharan Africa)
TPG Growth, the global middle market and growth equity platform of TPG, and Satya Capital, an Africa-focused independent investment firm, have established Satya-TPG, a special purpose vehicle focused on new investments in Africa. TPG Growth has committed up to US$1 billion to the vehicle, while Satya intends to commit between US$300 million and US$400 million. The firms will target investments… Read More
Helios Investment Partners to Invest in Oando’s Downstream Business (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners and Netherlands-based energy trader The Vitol Group have agreed to acquire a 60 percent stake and 51 percent of the voting rights in the downstream business of Oando, a Nigeria-based oil and gas company, for US$276 million. The new downstream and retail business will be established as a standalone, independent company led by… Read More
Wamda Capital Reaches a First Close for Wamda MENA Ventures I and Makes Two Investments (MENA)
MENA-focused venture capital firm Wamda Capital has reached a first close for Wamda MENA Ventures I, which has a target of US$75 million. Investors in the fund include development finance institution International Finance Corporation, global growth markets investor The Abraaj Group, United Arab Emirates-based conglomerate Crescent Enterprises and Kuwait-based telecommunications company Zain Group. Wamda Capital has made its first two… Read More
Gávea Investimentos Acquires a Minority Stake in Paschoalotto Serviços Financeiros (Latin America)
Brazilian private equity firm Gávea Investimentos has invested more than BRL100 million (approximately US$32 million) for a minority stake in Brazil-based debt collection company Paschoalotto Serviços Financeiros. The company has more than 8,000 employees and operates throughout Brazil. Read More
Tiger Global Management Leads an Investment Round in GetNinjas (Latin America)
Global investment firm Tiger Global Management has led a BRL40 million (approximately US$13 million) funding round for Brazil-based GetNinjas, an operator of a website for connecting contracting services with customers. GetNinjas, which existing counts venture capital firms Monashees Capital and Kaszek Ventures as shareholders, will use the fresh funds to expand the platform’s operations in Brazil and Latin America, improve… Read More
Actis and Mesoamerica to Sell Globeleq Mesoamerica Energy to SunEdison (Latin America)
Actis, a pan-emerging markets private equity firm, and Mesoamerica, an investment and advisory firm focused on Spanish-speaking Latin America, have agreed to sell their combined 100 percent stake in Costa Rica-based wind and solar energy company Globeleq Mesoamerica Energy (GME) to global renewable energy company SunEdison. Actis will sell its 70 percent holding in the company, while Mesoamerica will sell… Read More
TVM Capital Healthcare Partners to Exit ProVita International Medical Center (MENA)
TVM Capital Healthcare Partners, a private equity company focused on the Middle East, North Africa and India, Saudi Arabia-based conglomerate The Olayan Group, family office Al Zarooni Emirates Investment and other minority shareholders have agreed to sell their 100 percent stake in ProVita International Medical Center, a United Arab Emirates-based healthcare provider specializing in artificial ventilation. The stake will be… Read More
Warburg Pincus Partially Exits China Biologic Products (Asia)
Global private equity firm Warburg Pincus has partially exited United States-listed biopharmaceutical company China Biologic Products via a share sale. Warburg sold 2.3 million shares for US$105 apiece, returning a total of US$241.5 million and reducing Warburg’s holding in the company from 43 percent to 34 percent. The transaction was structured though Warburg Pincus Private Equity X. Read More
3TS Capital Invests More Than EUR1 Million in Cloud Software Company 123ContactForm (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital firm 3TS Capital Partners has invested more than EUR1 million (approximately US$1.1 million) for a minority stake in 123ContactForm, a Romania-based company that provides web forms and surveys to companies and non-governmental organizations. The transaction was structured through Catalyst Romania, a fund managed by 3TS. 123ContactForm will use the fresh capital… Read More