Africa
Denham terminates $42m takeover of Australian miner
Denham Capital has withdrawn from a commitment to fully acquire Cradle Resources that had valued the Australia-listed mining company at A$55 million ($42 million).
Fund focus: Apis seeks to make specialization count
Apis is relying on its team's financial services expertise and networks to deliver the goods in South Asia and Africa. LPs have given them $287 million with which to prove the thesis
Denham platform to assume control of Australia-listed miner
Denham Capital has agreed to take full ownership of Cradle Resources, an Australia-listed mining company that holds a 50% interest in a niobium deposit in Tanzania, at a valuation of A$55 million ($41.6 million).
South African GP acquires Australia's Decor
South African private equity investor Coast2Coast Capital has acquired Australia’s Decor, a company that designs and manufactures household lifestyle products.
Summit PE joins $50m round for Australia's Elemental Minerals
Summit Private Equity has contributed to a $50 million investment in Australia-listed potash project developer Elemental Minerals.
Frontier markets-focused classifieds platform receives $40m
Saltside Technologies, which operates online classifieds platforms in Bangladesh, Sri Lanka and Ghana, has received a $40 million round of funding led by Chinese investor Hillhouse Capital.
LeapFrog jumps to $400m fundraise
“Emerging consumers across Africa and Asia are working to achieve prosperity and security for their families and businesses, but most have yet to reach the middle class. There is an immense demand for transformative financial tools,” says Andrew Kuper,...
LeapFrog reaches $400m close on second microfinance fund
LeapFrog Investments - the specialist microfinance investor backed by George Soros and JP Morgan Chase - has reached a $400 million close on its second fund targeting financial services investments in emerging Asia and Africa.
Portfolio: STIC Investments and Access Bio
STIC Investments backed Access Bio when the Korean-led malaria testing technology player wanted to buy key components and expand output. Now KOSDAQ-listed, the company has its eye on specialty diagnostics
Blumont receives $200m injection to support Discovery Metals investment
Blumont Group has received $200 million in new funding from New York-based investment firm Platinum Partners, half of which will be used to buy convertible bonds in Australian copper miner Discovery Metals, previously a target of Chinese private equity...
CDC hires UTI Capital's Murugappan for Asia funds team
CDC, the UK development finance institution, has hired Alagappan Murugappan as managing director with its Asia funds team. Murugappan was previously CEO with private equity firm UTI Capital.
India’s Tata Capital to launch $300m Africa fund
Tata Capital plans to launch an Africa private equity fund with initial capital of about $300 million. It will focus on consumer goods, agriculture and agri-processing.
China's Cathay resumes pursuit of Discovery Metals
Chinese private equity firm Cathay Fortune Corporation (CFC) has made a renewed takeover bid for Australia-listed mining company Discovery Metals. The offer is the latest development in ongoing spat between CFC and Discovery Metals, whose principal asset...
Cathay Fortune's Discovery Metals takeover bid turns hostile
Cathay Fortune Corporation (CFC), the private equity group founded by Chinese billionaire Yong Yu, has made a direct approach to Discovery Metals shareholders after the company's board rebuffed its A$830m ($856m) takeover bid.
CIC buys 25% stake in South Africa’s Shanduka Group
China Investment Corp. (CIC) has paid ZAR2 billion ($245 million) for a 25% stake in South African company Shanduka Group. The sovereign wealth fund will acquire shares from exiting investors Old Mutual Private Equity and Investec.