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ADM Capital Acquires an 85 Percent Stake in Ceramica from Advent International (CEE and CIS)
ADM Capital, an investment firm focused on recovery, special situations and event-driven opportunities in emerging markets, has acquired an 85 percent stake in Romania-based brick producer Ceramica from global private equity firm Advent International. The transaction is estimated to be worth more than EUR10 million (approximately US$13.6 million). Ceramica intends to use the investment for both organic and inorganic growth.… Read More
Southern Cross to Increase Its Stake in Ultrapetrol (Latin America)
Latin America-focused private equity firm Southern Cross has entered into a share purchase agreement with Chile-based shipping company SIPSA to purchase SIPSA’s outstanding interest in NASDAQ-listed Ultrapetrol, a marine transportation company operating in Latin American markets, for around US$100 million. The transaction will be structured through Southern Cross Latin America Private Equity Funds III and IV. Post-transaction, Southern Cross’s stake… Read More
Capital Indigo Invests in Indigo Proambiental (Latin America)
Capital Indigo, a private equity firm focused on growth and mezzanine investments in Mexico, has invested in Mexico-based e-waste management company Indigo Proambiental. The transaction was structured through Capital Indigo’s fund Indigo 1. Financial details of the transaction were not disclosed. Read More
Sequoia Capital and Steadview Capital Lead an INR2.5 Billion Financing Round for Olacabs (Asia)
Venture capital firm Sequoia Capital and hedge fund Steadview Capital have led an INR2.5 billion (approximately US$41.8 million) Series C financing round for India-based taxi network Olacabs. Existing investors venture capital firm Matrix Partners India and hedge fund Tiger Global Management also participated. Olacabs will use the funds to expand its operations in new markets. Read More
The Abraaj Group Exits Mexico-based ARG to Liquid Capital, Invests in Tunisia-based Polyclinique Taoufik (Latin America, MENA)
Global growth markets investor The Abraaj Group has agreed to exit its majority stake in Mexico-based leasing company Analistas de Recursos Globales (ARG) to Docuformas, the Mexican franchisee of financial leasing company Liquid Capital. The transaction will be structured through The Abraaj Group’s first Latin American Fund, which had originally invested in ARG in 2008. The transaction is subject to… Read More
Albright, Helios and IFC AMC Participate in a US$630 Million Investment in Helios Towers Africa
Telecommunications towers company Helios Towers Africa (HTA), based in Ghana, Tanzania and the Democratic Republic of the Congo, has raised US$630 million from existing and new shareholders. Existing shareholders Albright Capital Management, Helios Investment Partners, International Finance Corporation (IFC), Quantum Strategic Partners and RIT Capital Partners all added to their current stakes, while new shareholders Providence Equity Partners and IFC… Read More
Navis Capital Partners Acquires a Majority Stake in Tri-Star Industries (Asia)
Asia-focused private equity firm Navis Capital Partners has acquired a majority stake in Singapore-based Tri-Star Industries, a component manufacturer for the oil and gas sector, for between US$50 million and US$100 million. Navis and company management intend to consolidate Tri-Star's position in its core segments. The company specializes in corrosion-resistant products. Read More
Linio Raises EUR58 Million from Northgate Capital and Access Industries (Latin America)
Linio, a Latin America-focused e-commerce company set up by venture capital firm Rocket Internet, has raised EUR58 million (approximately US$79 million) in new funding from United States-based alternative asset manager Northgate Capital and Access Industries, an industrial group founded by American industrialist Len Blavatnik. Linio sells products ranging from shoes to smartphones in Mexico, Colombia, Venezuela and Peru. The investment… Read More
The Rohatyn Group Exits Transportadora de Gas Internacional for US$880 Million (Latin America)
Emerging markets-focused investment firm The Rohatyn Group (TRG) has sold its minority stake in Colombia-based natural gas transportation company Transportadora de Gas Internacional (TGI) to majority shareholder Colombia-listed energy holding company Empresa de Energia de Bogota for US$880 million. The transaction was structured through TRG Growth Fund II. TRG Growth Fund II originally acquired a minority stake in March 2011… Read More
Gulf Capital Invests US$30 Million in Evolvence Knowledge Investments, Partially Exits Metito Holdings (MENA)
Middle East-focused alternative investment firm Gulf Capital has invested US$30 million in United Arab Emirates-based private school and nursery operator Evolvence Knowledge Investments (EKI). The transaction was structured through Gulf Credit Partners. EKI intends to use the investment to expand its education platform across the region. Separately, Gulf Capital has partially exited its investment in United Arab Emirates-based Metito Holdings,… Read More
Morgan Stanley Private Equity Asia Closes Fund IV with US$1.7 Billion in Commitments (Asia)
Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has closed its fourth Asian fund with approximately US$1.7 billion in capital commitments, surpassing its initial target of US$1.5 billion. Investors included Oregon Investment Council, Pennsylvania Public School Employees' Retirement System and the University of Michigan endowment. Fund IV will pursue a combination of minority and control investments in public… Read More
Faering Capital Leads a Series B Financing Round for TranServ (Asia)
India-focused private equity firm Faering Capital has led a Series B financing round for India-based electronic payments provider TranServ. Early-stage investor Nirvana Venture Advisors also participated in the round. Faering Capital’s investment was structured through its Evolving India Fund. TranServ intends to use the funds to scale its operations, enhance its technology platform and increase its workforce from 75 employees… Read More