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Endeavor South Africa Reaches USD13m Final Close for Harvest Fund II
Endeavor South Africa reached a ZAR190m (~USD13m) final close for its Harvest Fund II. Read More
ACON Acquires Stake in Brazil’s Sapore
ACON Investments acquired an undisclosed stake in Brazil-based corporate food service company Sapore. Read More
Equinix Acquires Nigeria’s MainOne for USD320m, Harith Exits
Equinix completed the acquisition of Nigeria-based data center MainOne for USD320m, facilitating an exit for Harith General Partners. Read More
Warburg Pincus and Gávea Partially Exit Brazil’s Grupo GPS via ~USD114m Block Trade
Warburg Pincus and Gávea Investimentos partially exited Grupo GPS, a Brazil-based outsourced cleaning, maintenance and security services company, via a BRL530m (~USD114m) block trade. Warburg and Gávea retain 10% and 6% stakes, respectively. Read More
AIIM-led Consortium Acquires South Africa’s The Logistics Group for ~USD110m
AIIM, through its IDEAS Fund and AIIF4 Fund, and the Mokobela-Shataki consortium acquired South Africa-based integrated logistics company The Logistics Group for ZAR1.6b (~USD110m). The transaction was financed by a mix of equity and debt financing. Read More
Velocity Capital Fintech Ventures Leads USD15.5m Series A for Singapore’s Gotrade
Velocity Capital Fintech Ventures led a USD15.5m Series A for Singapore-based Gotrade, a Singapore-based app for international users to buy fractional shares of U.S. securities, with participation from Mitsubishi UFJ Financial Group, BeeNext, Kibo Ventures, Picus Capital, LocalGlobe, Social Leverage and Raptor. Read More
CPP Investments Leads USD805m Round for India’s VerSe Innovation
CPP Investments led a USD805m round for India-based VerSe Innovation, which operates news aggregator app Dailyhunt and short video app Josh, at a reported USD5b valuation, with participation from Ontario Teachers’ Pension Plan Board, Luxor Capital and Sumeru Ventures, and follow-on from Sofina Group and Baillie Gifford. Read More
Luxor Capital and PayU Invest USD46m Series A for Colombia’s Treinta
Treinta, a Colombia-based sales and inventory management platform for SMEs, raised a USD46m Series A from US-based hedge fund Luxor Capital and PayU. Read More
China’s Shein Reportedly Raises USD1-2b from GA, Sequoia China and Tiger Global
China-based fast fashion company Shein reportedly raised USD1-2b from General Atlantic, Sequoia China and Tiger Global at a ~USD100b valuation. Read More
BluePeak Capital Invests USD20m in ieng
BluePeak Private Capital invested USD20m in ieng, a pan-African provider of end-to-end engineering infrastructure solutions to the telecommunications and power industries. Read More
Bain Capital To Acquire 25% Stake in India’s IIFL Wealth Management for USD487m, General Atlantic and Fairfax Holdings To Exit
Bain Capital agreed to acquire a 25% stake in IIFL Wealth Management, a wealth and asset management company based in India, for USD487m from General Atlantic and Fairfax Holdings. Read More
INVL Asset Management Reaches ~USD29.5m First Close for Global Infrastructure Fund
INVL Asset Management reached a ~USD29.5m first close for INVL Partner Global Infrastructure Fund I. Read More