CDC Group, the UK’s development finance institution, is making a USD28m equity investment in Ratnakar Bank (RBL Bank) in India. The investment, which sees CDC take a 4.8 per cent stake in the bank, will support RBL Bank’s expansion into new regions of India and is CDC’s first direct equity
Independent mobile solutions company Somo has received USD5.5m follow-on funding from MMC Ventures – including the MMC London Fund – and other private investors. Somo was one the first beneficiaries of the MMC London Fund, which is overseen by the Mayor of London and intends to support the growth of
X2 Resources has secured USD2.50bn of committed equity capital funding and up to a further USD1.25bn of conditional equity capital funding from a group of five investors. The committed equity capital is available for immediate draw down and will be used to finance the creation of a new mid-tier diversified
Schroder UK Property Fund has acquired Tata Steel’s UK distribution hub, The Steel Park, Wednesfield in Wolverhampton from Threadneedle Property Investments Management for GBP34.10m. The 60 acre site comprises three industrial warehouses, a headquarters office building and a study centre totalling 761,614 sq ft. The entire site is let
HIG Capital’s Brazilian affiliate has made a significant investment in Office Total, a Brazilian managed print services (MPS) provider. Established in 1995 with headquarters in Rio de Janeiro, Office Total outsources and commercialises a wide range of office equipment from several suppliers and offers a wide range of leasing programmes
Enstar Group and Stone Point Capital have completed the acquisition of Torus Insurance, an A-rated global specialty insurer with six wholly owned insurance vehicles. The purchasing entity is indirectly owned 60 per cent by an Enstar subsidiary and 40 per cent by Trident V and its affiliated co-investment funds, which
Cinven has completed its acquisition of German life insurer Heidelberger Leben for a total consideration of EUR300m. On 27 March 2014, the Heidelberger Leben Group announced that it had reached agreement to acquire Skandia Germany and Skandia Austria for EUR220m from Old Mutual plc. The combination of Heidelberger Leben
Private equity fundraising has got off to a strong, if not spectacular, start in 2014,with USD67.8bn raised from investors through the final close of 135 private equity funds globally, according to data from PEI. By comparison, USD78bn was raised by 162 funds in the equivalent period in 2013, when more
Rockpool Investments has invested GBP10m in Aegis Data, a data centre park in the UK. This is the largest investment Rockpool has made since it opened for business in 2011 and it brings the total invested by Rockpool to GBP50m. It is also the first time Aegis Data has raised outside
DVN (Holdings) Limited’s wholly owned subsidiary, Frontier Services Limited, is to acquire Phoenix Aviation, a company incorporated in Kenya, for a total consideration of USD14m . This landmark transaction for DVN was the subject of a formal Stock Exchange of Hong Kong announcement yesterday. Through the transaction, Phoenix will become
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