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Pure Biofuels del Peru Announces Management Buyout by Pegasus Capital Advisors (Latin America)
Pegasus Capital Advisors, a U.S.-based private equity fund manager, has partnered with management to complete a buyout and recapitalization of Pure Biofuels del Peru. The firm will use the growth capital provided by management and Pegasus, along with a simultaneously agreed working capital facility, to expand its biofuel storage and dispatch terminal at the Port of Callao and increase sales… Read More
Brazil’s BTG Pactual Creates US$1 Billion Private Equity Fund Focused on Africa (Sub-Saharan Africa)
Brazilian investment bank BTG Pactual has announced its intention to launch an Africa-focused private equity fund to attract Brazilians to invest in Africa. The initial value of the fund will be US$1 billion, and it will also be open to non-Brazilian investors. Read More
Aureos Southern Africa Fund Completes Successful Exit From Leading Brick Manufacturer (Sub-Saharan Africa)
The Aureos Southern African Fund (ASAF) has sold its stake in South African brick and clinker aggregate manufacturing group SA Block (Pty) Ltd. ASAF is managed by Aureos Southern Africa Managers Ltd, a subsidiary of Aureos Capital, a private equity fund manager focused on small and mid-cap companies in emerging markets. ASAF’s exit forms part of the 100 percent sale… Read More
Ethos Private Equity Invests Additional ZAR100 Million in Transaction Capital (Sub-Saharan Africa)
Ethos Private Equity, a fund manager based in South Africa, has invested ZAR100 million (approximately US$13 million) in Transaction Capital, a financial services company focusing on under-served communities in South Africa. This injection of capital is a follow-on to Ethos’ 2005 investment in ATM Solutions, a core business of Transaction Capital. Read More
Marg Karaikal Port Attracts Equity Investment of US$39 Million (Asia)
Karaikal Port Private Limited, a subsidiary of Chennai-headquartered infrastructure company MARG Limited, has announced that Jacob Ballas Capital India has invested INR2 billion (approximately US$39 million) for a minority stake in the company. The investment, which came from the NYLIM Jacob Ballas India III fund, will be used for the MARG Karaikal Port’s expansion plans. Read More
Navis in 10x Sale to Partners Group (Asia)
Zug, Switzerland-based asset manager Partners Group has directly acquired Hong Kong-based business TrimCo, a provider of labels, tags and trimming products to apparel companies worldwide. Partners bought the stake from Southeast Asia-focused private equity firm Navis Capital. Navis bought a 70 percent stake in TrimCo in 2005 for US$11.1 million, and revealed the transaction with Partners was worth US$111.4 million. Read More
Russian Classifieds Website Inks US$75 Million to Fuel Growth (CEE/CIS)
AVITO.ru, a Russian online classifieds website, has announced that it received US$75 million in new funding from Baring Vostok Capital Partners’ Private Equity Fund IV, Accel Partners, and existing investors Kinnevik and Northzone. The new capital will be used to fuel the company’s growth throughout Russia and to attract talent to the firm. Further transaction details were not disclosed. Read More
GSR Ventures, HGI Capital Invest in Online Cake Shop (Asia)
Shanghai-based Tiantian Company, which operates the B2C e-commerce cake company Le Cake, has secured US$10 million in Series A financing from Chinese early-stage and venture capital investors GSR Ventures and HGI Capital. The proceeds will be used to build the company’s brand and optimize its website and hardware system. Read More
Virgin Mobile Latin American Secures New Funding and New Investors for Expansion (Latin America)
Virgin Mobile Latin America (VMLA), a mobile virtual network operator established last year, has raised US$26.5 million to support its recent launch of services in Chile. A number of investors participated in this funding round, including existing shareholders ePlanet Capital, a U.S.-based venture and growth capital investment manager, and Virgin Group, as well as new investors Hermes Growth Partners, CANEPA,… Read More
BTG Pactual Acquires 30 Percent of Bodytech (Latin America)
Banco BTG Pactual, a Brazil-based investment bank, has acquired a 30 percent stake in Bodytech, a Brazilian fitness chain, for approximately BRL200 million (roughly US$105 million. Bodytech plans to use the additional capital to support its expansion plans. BTG Pactual’s investment in Bodytech comes in the wake of the bank’s US$2 billion IPO last month and the US$1.5 billion final… Read More
Forus Health Raises US$5 Million (Asia)
Indian venture capital funds IDG Ventures India and Accel Partners have invested US$5 million in Series A funding for local medical technology and solutions company Forus Health. The company plans to use the financing to drive manufacturing and sales of its flagship product 3nethra (a portable, low-cost, non-invasive pre-screening ophthalmology tool that can detect a number of eye-related problems) as… Read More
South African Firms Buy into Nigerian Food, Juice Provider (Sub-Saharan Africa)
South Africa-based private equity group RMB Corvest and South African investment holding company Zico Capital have jointly purchased a 25 percent stake in Nigerian food company Vital Products. The value of the transaction is not disclosed. Vital began operations in 1999 as a manufacturer and distributor of fruit drinks and non-alcoholic beverages, but has since expanded its product portfolio. The… Read More