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Vantage Provides ~USD28.4m Mezzanine Financing for South Africa’s Seaton Estates
Vantage Capital agreed to provide ZAR430m (~USD28.4m) in mezzanine funding for the development of Seaton Estates, a residential coastal development located on the North Coast of Kwa-Zulu Natal, South Africa. Read More
Brookfield Backs Sequoia Capital China Infrastructure Fund
Brookfield Asset Management invested an undisclosed amount in Sequoia China Infrastructure Fund, a vehicle targeting investments in new energy infrastructure and high-standard logistics in China. The fund recently reached an undisclosed final close. Read More
BPEA Sells Singapore’s Interplex to Blackstone at USD1.6b EV
BPEA sold Singapore-based precision engineering solutions provider Interplex to Blackstone for an enterprise value of USD1.6b. Read More
Insight Partners Leads USD56m Round for India’s M2P Fintech
Insight Partners led a USD56m round for M2P Fintech, an India-based payments infrastructure startup, with participation from MUFG Innovation Partners and follow-on from Tiger Global and Better Capital. Read More
OMAI Invests USD4.5m for the Development of Two New Schools in South Africa
OMAI, through its Education Investment Impact Fund of South Africa, invested ZAR68m (~USD4.5m) for the development of two new schools in South Africa in partnership with education operator Edinvest. OMAI provided ZAR54m (~USD3.5m) in debt and ZAR14m (~USD900k) in equity, while Edinvest invested ZAR15m (~USD1m) in equity. Read More
Ethos and BluePeak Invest USD31.5m in Mauritius’ Grit Real Estate Income
Ethos Mezzanine Partners and BluePeak Private Capital invested USD31.5m in Grit Real Estate Income Group, a pan–African real estate company headquartered in Mauritius. Read More
Softbank Leads USD300m Round for India’s ElasticRun
SoftBank led a USD300m round for India-based e-commerce enablement platform ElasticRun at a reported USD1.5b valuation, with participation from Goldman Sachs and follow-on from Prosus Ventures. Read More
Goodwell Leads USD50m Series C for Kenya’s Copia Global
Goodwell Investments led a USD50m Series C for Copia Global, a Kenya-based e-commerce logistics platform, with participation from Zebu Investment Partners, DFC and Koa Labs, and follow-on from Lightrock, DEG and Perivoli Innovations. Read More
Tiger Global and Sequoia India Lead USD80m Series C for Indonesia’s Lummo
Tiger Global and Sequoia Capital India led a USD80m Series C for Lummo (formerly BukuKas), an Indonesia-based startup focused on digitizing SMEs, with participation from CapitalG and angels including Max Bittner (Lazada) and Santiago Sosa (Nuvemshop). Read More
Sequoia India Leads USD42m Series B for India’s SaaS Labs
Sequoia Capital India led a USD42m Series B for SaaS Labs, an India-based SME automation platform, with follow-on from Base 10 Partners and Eight Roads Ventures. Read More
Chile’s Xepelin Secures USD80m Debt From Community Investment Management
Xepelin, a Chilean accounts receivable-based lending platform for SMEs, secured USD80m in debt from Community Investment Management. Xepelin previously secured USD200m in credit facilities in 2021. Read More
Africa50 Leads USD28m Series C for Kenya’s Poa Internet
Africa50 led a USD28m Series C for Kenya-based ISP Poa Internet, with follow-on from Novastar. Read More