Matt Levin

The Africa-focused firm has purchased $28m in common shares and convertible notes of West African lender Financial BC.

Azure Capital Partners, Crosspoint Venture Partners, GRP Partners and others had invested roughly $270m in the online payment system since 2001.

Publicly listed Fortress Investment Group will not pay a dividend in the third quarter in an attempt to shore up its capital base and pursue opportunities in the financial services sector. “Given the significant dislocations in the world’s financial markets, we see tremendous opportunities for the firm to invest capital and to grow and diversify […]

The emerging markets specialist has invested $10m from its Central Asia fund in equipment leasing finance company Leasing Group. Launched last year, the fund has raised $60m of its $100m target.

The emerging markets specialist has invested $10m from its Central Asia fund in equipment leasing finance company Leasing Group. Launched last year, the fund has raised $60m of its $100m target.

The Cerberus-owned home and auto lender has agreed to sell its home services division to the Toronto-based investment firm Brookfield Asset Management.

Founder Wesley Edens has said the firm will not pay a third quarter dividend in order to retain capital for ‘tremendous opportunities’ in banks, insurance companies and other asset management businesses.

Blank cheque company MBF Healthcare Acquisition will pay $12m less for Kohlberg & Company-owned Critical Homecare Solutions, just a month after cutting the initial price tag from $534m to $479m. The SPAC arranged a new financing scheme last month.

Middle market specialist Kohlberg & Company has agreed to pay between $185m and $205m million in equity and assumed debt for Connecticut-based Centerplate.

The publicly listed fund of funds is now trading at almost a 50 percent discount to NAV. In a statement, the fund says it is “hopeful” that a deal for Lehman’s asset management and alternatives units “will be made within a very short period of time”.