Nordic Capital has agreed to sell the Nordic distributor of installation-related products to Cinven and Goldman Sachs Capital Partners in a secondary buyout.
According to figures presented at the AVCA’s annual conference in Mombasa earlier this week, VCs active in Africa invested $1.3bn last year, up 60% on 2003.
As more and more generalist firms target its space, San Francisco’s Energy Investors Funds strengthened its toehold in the power sector, closing on $750 million for its latest fund.
The Norwegian venture firm has raised $125 million to invest in secondary direct transactions.
A private equity arm of J O Hambro Capital Management has held a final closing of its second buyout fund focused on investments in UK smaller unquoted companies.
Abbott Capital Management held an $805m close on its fifth private equity fund of funds, surpassing a $750m target.
China Gas, the Hong Kong-listed piped gas distributor, has pulled in financing from foreign investment groups to develop natural gas projects in China.
The Gores Group completed its purchase of Avure Technologies, acquiring the maker of high pressure presses from Flow International in a $15.3 million deal.
Former US vice presidential candidate Nat Goldhaber has raised $125m for the debut fund from Claremont Creek Ventures. Harvard Management and the Regents of the University of California are among the fund’s backers.
The Northern European buyout firm has divested the last portfolio company in its EQT Finland fund.