MENA-focused investment firms Swicorp and Wamda Capital have led an investment round for Mumzworld, an e-commerce company catering to mothers, babies and children in the Middle East and North Africa. Other investors in the round include health care and personal products company Tamer Group, as well as existing regional investors… Read More
Turkey-based MLP Care Services, the operator of the Medical Park and Liv Hospital networks, has raised TRY1.4 billion (approximately US$366 million) in an IPO on Borsa Istanbul valuing the company at TRY4 billion (approximately US$1 billion). MLP sold 73 million shares at TRY19 (approximately US$5) per share, reportedly facilitating an… Read More
Global private equity fund manager Advent International has reportedly sold its stake in Brazil-based education company Faculdade da Serra Gaúcha to Brazil-based Cruzeiro do Sul Educacional in a transaction valuing the company at BRL340 million (approximately US$104 million). Advent originally invested in the company in March 2015. Read More
Global private equity fund manager Advent International has reportedly sold its stake in Brazil-based education company Faculdade da Serra Gaúcha to Brazil-based Cruzeiro do Sul Educacional in a transaction valuing the company at BRL340 million (approximately US$104 million). Advent originally invested in the company in March 2015. Read More
NBK Capital Partners, an alternative investment fund manager focused on the Middle East and North Africa, has reached a first close for NBK Capital Partners Real Estate Fund I with US$75 million in capital commitments. Investors in the fund include regional institutions, pension funds, family offices and high-net worth individuals. Read More
Pan-African private equity fund manager EXEO Capital has invested in South Africa-based aquaculture company TerraSan through Agri-Vie Fund II. With EXEO’s support, TerraSan plans to expand its abalone and mussel production facilities, improve the quality of bulk fishmeal it produces and expand its fish processing business. Financial details of the… Read More
Growth markets investor Actis has agreed to sell its 80 percent stake in Kenya-based project management company Mentor Management to global construction and management consultant Turner & Townsend. Mentor Management’s services include project management, construction management, programming and planning and quality control. Actis originally acquired a controlling stake in the… Read More
Africa-focused alternative investment firms African Infrastructure Investment Managers (AIIM) and Helios Investment Partners have invested US$30 million in Nigeria-based energy services company Starsight Power Utility. Starsight offers solar-diesel-battery hybrid and cooling and lighting solutions to commercial and industrial clients. AIIM invested through African Infrastructure Investment Fund 3 (AIIF3). Read More
India-focused private equity fund manager InvAscent has reached a second close for India Life Sciences Fund III with US$210 million in capital commitments, reportedly surpassing its US$200 million target. India Life Sciences Fund III will invest between US$10 million and US$40 million in India-based companies in the pharmaceutical, health care… Read More
Korea-focused private equity firm ACE Equity Partners has acquired a 100 percent stake in Korea-based Woojin Electric Machinery for approximately US$200 million. Woojin, which supplies power equipment and electrical engineering solutions to Korean semiconductor and display manufacturers, reportedly plans to hold an initial public offering in 2019. Read More
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