Industry Newsroom

Industry News

  • Prodapt Solutions Secures USD75 Million from Affirma Capital

    India-based IT services provider Prodapt Solutions has raised USD75 million from Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity. Affirma has taken a...Learn More

  • Adenia Partners Receives Approval to Acquire Quick Mart

    Africa-focused private equity fund manager Adenia Partners has been approved to acquire Kenya-based supermarket chain Quick Mart by the Competition Authority of Kenya. Investing through Adenia Fund IV, the firm previously acquired...Learn More

  • KKR Acquires Majority Stake in EuroKids International

    Global alternative investment manager KKR has acquired a majority stake in the India-based education services provider EuroKids International. Investing through its Asian Fund III, KKR purchased the stake from a consortium of existing...Learn More

  • Warburg Pincus, General Atlantic, and Emirates NBD Raise USD706 Million in Sale of Partial Stake in Network International

    Global private equity fund managers Warburg Pincus and General Atlantic, along with Dubai-based financial services group Emirates NBD Bank, have sold 100 million shares in UAE-based payment services provider Network International at...Learn More

  • minu Raises USD6.5 Million in Seed Funding from Mountain Nazca, Others

    minu, a Mexico-based payments and payroll management company, has secured USD6.5 million in seed funding from a consortium of investors that includes QED Investors, Village Global, Next Billion Ventures, Mountain Nazca, and...Learn More

  • Innova Capital Reaches USD297 Million Final Close for Sixth Fund

    Innova Capital, a Central and Eastern Europe-focused private equity firm, has reached a final close of EUR271 million (approximately USD297 million) for Innova/6. Previous investors with Innova provided over 60 percent of committed...Learn More

  • Amethis Invests in VLH

    Africa-focused private investment fund manager Amethis has invested in VLH, the hospitality subsidiary of Mauritius-listed holding company Rogers Group. VLH operates seven hotels in Mauritius under the brands Heritage Resorts and...Learn More

  • Inspired Evolution Raises USD216 Million at Final Close for Evolution II Fund

    Africa-focused energy infrastructure investor Inspired Evolution has attained a final close with USD216 million in commitments for its Evolution II Fund. The fund’s twelve investors include CDC Group, Cyane Holdings, the European...Learn More

  • Metier Private Equity Leads USD131 Million Vox Telecom Recapitalization

    Shareholders in South Africa-based fiber network operator Vox Telecom, including private equity fund manager Metier, have agreed to participate in a ZAR2 billion (approximately USD131 million) recapitalization of the business in...Learn More

  • KKR Sells Partial Stake in SBI Life Insurance for USD60 Million

    Global alternative investment manager KKR has completed a partial exit of Bombay Stock Exchange-listed life insurance company SBI Life, selling 5.3 million shares representing a 0.5 percent stake for INR811 (USD11) per share and...Learn More