East Africa-focused private equity and venture capital fund manager Fanisi Capital has agreed to exit a controlling stake in Kenya-based drug retail chain Haltons Pharmacy to mPharma, a Ghana-based inventory management company serving pharmacies and pharmaceutical suppliers. The deal is reportedly valued at KES500 million (approximately USD5 million). Fanisi first… Read More
Daystar Power Group, a Mauritius-based hybrid solar power developer operating West africa, has raised USD10 million in equity from Anglophone West Africa-focused private equity firm Verod Capital Management and Persistent Energy Capital, an Africa-focused off-grid energy investment firm. The deal represents Verod’s final investment from its second fund. Daystar has… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a 10 percent stake in Luolai Lifestyle Technology, a China-listed textile manufacturer and distributor, for CNY726 million (approximately USD108 million). Carlyle will purchase 75 million shares of Luolai at a price of CNY9.62 (USD1.43) per share from Shihezi Zhongbang… Read More
Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a final close for India Office Assets Fund I with USD400 million in capital commitments. The fund was established in partnership with DivyaSree Developers, an India-based urban real estate and infrastructure development company, and received an anchor… Read More
European technology-focused growth capital investor 3TS Capital Partners has sold its 29 percent stake in Poland-based web hosting and domain registration provider H88 for EUR13.6 million (approximately USD15 million) to Polish telecommunications company R22 Group. 3TS originally invested EUR5.5 million (USD6 million) in H88 in 2016. Read More
Africa-focused private investment fund manager Amethis has reportedly sold its 29 percent stake in Morocco-based consumer goods distributor Dislog Group to H&S Invest Holding, an investment vehicle of the Belkhayate family. In 2018, Amethis took over management of Amethis Maghreb Fund I—formerly known as Capital North Africa Venture II and… Read More
Global private equity fund manager Warburg Pincus has agreed to acquire an 80 percent stake in India-based education finance company Avanse Financial Services from diversified holding company Wadhawan Global Capital. As part of the transaction, Warburg plans to make an INR3 billion (approximately USD43 million) primary capital injection in the… Read More
Cube Highways and Infrastructure, an India-based toll road investment platform established by global infrastructure investment firm I Squared Capital, has agreed to acquire 100 percent of the Delhi-Agra Toll Road from India-based developer Reliance Infrastructure at an enterprise value of INR36 billion (approximately USD517 million). The Delhi-Agra Toll Road comprises… Read More
India Infrastructure Trust, an investment vehicle 90 percent-owned by global alternative investment firm Brookfield Asset Management, has agreed to acquire the East West Pipeline from India-based conglomerate Reliance Industries for INR130 billion (approximately USD1.9 billion). As part of the agreement, Reliance will participate in a portion of the net earnings… Read More
India-based agriculture technology startup AgroStar has raised USD27 million in a Series C funding round led by Bertelsmann India Investments, an investment arm of global media company Bertelsmann. Existing investors Accel Partners, Chiratae Ventures, and Aavishkaar Venture Management also participated in the round. AgroStar provides various goods and services to… Read More
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