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Estonia-based Peer-to-peer Lender Isepankur Receives EUR1.3 Million from Global Founders Capital (CEE and CIS)
Estonia-based peer-to-peer lending platform Isepankur has raised EUR1.3 million in a funding round led by Global Founders Capital, a Germany-based venture capital firm owned by Fabian Siegel and Oliver and Marc Samwer, the founders of global e-commerce investment company Rocket Internet. Isepankur has also announced it will adopt Bondora as its trade name. Bondora currently has over 80,000 customers in… Read More
Bima Raises US$22 Million from Kinnevik, LeapFrog Investments and Millicom (Global)
Bima, a provider of mobile-delivered insurance in emerging markets, has raised US$22 million from existing shareholders Swedish investment firm Kinnevik, emerging markets financial services investor LeapFrog Investments and international telecommunications and media company Millicom. The follow-on funding will be used to support the company’s expansion into new markets in Africa, Asia and Latin America. Bima currently provides life, accident and… Read More
OQVestir Receives US$30 Million Investment from TMG Capital and Existing Shareholders (Latin America)
OQVestir, a Brazil-based online store specializing in women's luxury fashion, has raised US$30 million in new funding from Brazil-focused private equity firm TMG Capital. TMG Capital’s investment was structured through TMG Private Equity Fund II. Existing investors venture capital firm Kaszek Ventures and hedge and private equity firm Tiger Global Management also participated in the round. OQVestir carries collections from… Read More
H.I.G. Capital Invests in Managed Print Services Company in Brazil (Latin America)
Global private investment firm H.I.G. Capital, through its Brazilian affiliate, has invested in Brazil-based managed print services provider Office Total. The company provides office and printing equipment, technical support and monitoring services to its clients through leasing programs. H.I.G. Capital’s investment will support the company’s organic growth and allow it to participate in larger projects and expand its portfolio of… Read More
Telekom Malaysia Acquires Control of Kendall Court-backed Packet One Networks (Asia)
Integrated telecommunications company Telekom Malaysia has agreed to acquire a 57 percent equity stake in Malaysia-based wireless broadband services provider Packet One Networks (P1) for MYR350 million (approximately US$107 million). The acquisition will facilitate the exit of Southeast Asia-focused mezzanine fund manager Kendall Court, which led a US$51 million syndicated financing of P1 via loan and warrant instruments in August… Read More
Amethis Hits US$250 Million for Debut Fund (Sub-Saharan Africa)
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has held an interim close for its debut fund with US$250 million in capital commitments. The fund also has received a US$150 million line of credit from United States development finance institution Overseas Private Investment Corporation. Amethis, which is targeting a total of US$350 million… Read More
KKR to Acquire Data Center Operator Aceco TI (Latin America)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has announced it will acquire Brazil-based data center operator Aceco TI from global growth equity investment firm General Atlantic and other shareholders. KKR will make its investment in partnership with Aceco CEO Jorge Nitzan, who will hold a significant minority stake in the company and continue to manage the business in… Read More
Siguler Guff Closes US$650 Million BRIC Opportunities Fund III (Global)
Multi-strategy private equity investment firm Siguler Guff & Company has closed its most recent commingled fund, the Siguler Guff BRIC Opportunities Fund III (BRIC III), with US$650 million in capital commitments. The firm also closed three emerging markets-focused separate accounts during its latest fundraising cycle. BRIC III will target fund investments and co-investments in emerging markets, with a primary focus… Read More
Endesa Chile to Acquire a 50 Percent Stake in Gas Atacama from Southern Cross for US$309 Million (Latin America)
Power generation company Endesa Chile has agreed to acquire a 50 percent equity stake in Inversiones Gas Atacama Holding Limitada (IGHL) from Latin America-focused private equity firm Southern Cross for US$309 million. IGHL is the holding company of Gas Atacama, a 781-megawatt natural gas-fired power plant located in northern Chile. Southern Cross originally invested in Gas Atacama in 2007. The… Read More
Actis Reduces Its Stake in Egypt-based Commercial International Bank (MENA)
Pan-emerging markets private equity firm Actis has sold a 2.6 percent equity stake in Egypt-based Commercial International Bank (CIB) on the open market to a group of international investors for a reported EGP816 million (approximately US$117 million). Actis, which will retain a 6.5 percent stake in CIB, became the largest single shareholder in the company when it acquired a 9.1… Read More
Swicorp Lists Sotipapier on the Tunis Stock Exchange (MENA)
Swicorp, a MENA-focused investment banking and asset management firm, has listed Tunisia-based paper producer Sotipapier on the Tunis Stock Exchange. The listing included an offering of 9.5 million shares, representing 40 percent of the company’s share capital and giving Sotipapier an expected market capitalization of TND120 million (approximately US$76 million). Swicorp acquired a stake in Sotipapier in May 2012 through… Read More
Zoyi Capital Invests US$20 Million in Camelot Information Systems (Asia)
China- and Taiwan-focused investment firm Zoyi Capital has completed a US$20 million investment in NYSE-listed Camelot Information Systems, a provider of enterprise application services and financial industry technology services in China. Camelot intends to use the proceeds to fund part of the company’s planned take-private deal, as well as to cover fees and expenses incurred through the transaction. Company shareholders… Read More