GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Actis Agrees to Sell a Majority Stake in Phoenix Lamps to Suprajit Engineering (Asia)
Pan-emerging markets private equity firm Actis has agreed to sell its majority stake in India-listed automobile light manufacturer Phoenix Lamps to India-listed automobile cable manufacturer Suprajit Engineering for up to INR1.5 billion (approximately US$24 million). Actis will sell a 51 percent stake for INR1.2 billion (approximately US$20 million), and then, depending on the acceptance level of shares in the mandatory… Read More
The Abraaj Group- and Actis-backed Integrated Diagnostics Holdings Completes an IPO (MENA)
Egypt-based laboratory diagnostics company Integrated Diagnostics Holdings (IDH) has completed an initial public offering (IPO) on the London Stock Exchange, facilitating a partial exit for global growth markets investor The Abraaj Group. IDH sold 65 million shares priced at US$4.45 per share, raising around US$290 million. The issue returned around US$203 million to The Abraaj Group, which sold 46 million… Read More
eDaijia Raises US$100 Million in Series D Round (Asia)
China-based provider of mobile designated driving services eDaijia has completed a US$100 million Series D financing round led by global private equity firm Warburg Pincus and venture capital firms Matrix Partners and Lightspeed Venture Partners. The company had previously completed a US$25 million Series C funding round, in which Matrix and Lightspeed participated, in October 2014. The new financing will… Read More
Anthem Asia Invests in Myanmar-based Mobile Data Collection Platform Xavey (Asia)
Anthem Asia, a Myanmar-focused investment and advisory group, has acquired a minority stake in Xavey, a Myanmar-based mobile data collection platform. Xavey intends to use the investment to accelerate its marketing and product development. Financial details of the transaction were not disclosed. Read More
Nexxus to Acquire a 29 Percent Stake in AGS NASOFT(Latin America)
Mexico-focused private equity firm Nexxus Capital has agreed to acquire a 29 percent stake in AGS NASOFT, a Mexico-based information technology services company. The transaction will be structured through Nexxus Capital Private Equity VI. Nexxus Capital intends to help NASOFT consolidate its platform in Latin America, the United States and Spain. Financial details of the transaction were not disclosed. Read More
Enterprise Investors to Acquire a 76 Percent Stake in Poland-based Telecom 3S (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to acquire a 76 percent stake in Poland-based telecommunications company 3S for EUR22 million (approximately US$25 million). Enterprise will purchase the stake from PCC, a Germany-based conglomerate, and the company’s founders, who will retain a minority stake. The transaction, which will be structured through Polish… Read More
Fanisi Capital Acquires a Minority Stake in Live Ad (Sub-Saharan Africa)
East Africa-focused private equity and venture capital investor Fanisi Capital has acquired a minority stake in Kenya-based outdoor advertising firm Live Ad. The investment was structured through Fanisi Venture Capital Fund. Live Ad intends to use the fresh capital to expand its presence across Kenya and grow its product and service offerings. Financial details of the transaction were not disclosed. Read More
Aavishkaar Invests in Nepra Resource Management (Asia)
East Africa-focused private equity and venture capital investor Fanisi Capital has acquired a minority stake in Kenya-based outdoor advertising firm Live Ad. The investment was structured through Fanisi Venture Capital Fund. Live Ad intends to use the fresh capital to expand its presence across Kenya and grow its product and service offerings. Financial details of the transaction were not disclosed. Read More
Capital Group Private Markets, DPI, Ethos Private Equity Back Eaton Towers (Sub-Saharan Africa)
Africa-focused telecom tower company Eaton Towers has raised US$350 million in a new round of funding. Participants in the round included existing shareholders Capital Group Private Markets, a global private equity investor, and pan-African private equity firm Development Partners International (DPI), as well as new investors Ethos Private Equity, a South Africa-focused fund manager, and emerging markets investor Standard Chartered… Read More
Helios Investment Partners Agrees to Invest US$100 Million in Africa Oil (Sub-Saharan Africa)
Pan-African private investment firm Helios Investment Partners has agreed to invest US$100 million for a 12.4 percent stake in Stockholm- and Toronto-listed Africa Oil, an oil and gas company with assets in Kenya, Ethiopia and Somalia. Africa Oil intends to use the capital to help finance its ongoing appraisal and development work in East Africa. The transaction, which is subject… Read More
OPIC to Launch Call for Global Development Investment Funds Proposals
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today announced its 2015 Global Engagement Call for Proposals from fund managers seeking OPIC financing for private equity investment funds. Through a competitive process open for submissions from 11 May – 8 June, OPIC will select funds targeting projects in OPIC-eligible countries for new business development, existing company… Read More
AnaCap Financial Partners to Acquire a 100 Percent Stake in FM Bank PBP (CEE and CIS)
AnaCap Financial Partners, a Europe-focused specialist investor in financial services companies and credit opportunities, has agreed to acquire a 100 percent stake in Poland-based lender FM Bank PBP from Central and Eastern Europe-focused private equity fund manager Abris Capital Partners. AnaCap’s investment will reportedly total more than EUR200 million (approximately US$221 million) including a purchase fee, recapitalization and further investment.… Read More