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SIFEM Commits USD10m to Metier Sustainable Capital International Fund II
The Swiss Investment Fund for Emerging Markets (SIFEM) committed USD10m to Metier Sustainable Capital International Fund II. The vehicle, which is managed by Metier Capital, is focused on climate mitigation and adaptation through investments in renewable energy generation and in resource efficiency in Africa. Read More
IG4 and Macquarie to Acquire 14.86% Stake in Brazil’s CCR for up to ~USD960m
IG4 Capital and Macquarie agreed to acquire a 14.86% stake in Brazil-based toll road company CCR from Andrade Gutierrez Participações for up to BRL5b (~USD960m). Read More
Advent Sells China’s AI Dream to Hillhouse
Advent International sold its controlling stake in AI Dream, the operator of the Serta and King Koil mattress brands in China, to Hillhouse Capital for an undisclosed amount. Read More
CBC-Led Consortium Acquires 47% Stake in South Korea’s Hugel from Bain Capital
A consortium of investors led by CBC Group and including Mubadala Investment Company, GS Holdings and IMM Investment acquired a 47% stake in Hugel, a South Korea-based botox maker, from Bain Capital for USD1.5b. Read More
A91 Partners Reaches USD525m Final Close for Second Fund
India-based VC A91 Partners reached a USD525m final close for its second fund. Investors include CPP Investments and Allianz. Read More
Advent Sells China’s AI Dream to Hillhouse
Advent International sold its controlling stake in AI Dream, the operator of the Serta and King Koil mattress brands in China, to Hillhouse Capital for an undisclosed amount. Read More
Lightspeed Leads USD57m Series B for Mexican Fintech Flink
Lightspeed Venture Partners led a USD57m Series B for Flink, a Mexico-based consumer trading platform, with participation from Mantis Venture Capital and follow-on from ALLVP, Accel and Clocktower. Accel led a USD12m Series A earlier this year. Read More
Lineage Logistics, Stonepeak and D1 Capital Invest USD450m in Emergent Cold Latin America
Lineage Logistics, Stonepeak Partners and D1 Capital Partners invested USD450m in Emergent Cold Latin America, a temperature-controlled warehousing and logistics provider based in Brazil. Read More
Affirma Leads ~USD47m Round for India’s Belstar Microfinance
Affirma Capital led a INR3.5b (~USD47m) round for Belstar Microfinance, the microlending arm of India-based Muthoot Finance, with follow-on from Muthoot Finance and Maj Invest. Affirma invested INR3b (~USD40m) in the round. Read More
Greenoaks Leads USD116m Series B for Brazilian Lending Platform Cora
Greenoaks led a USD116m Series B for Cora, a Brazilian lending platform for SMEs, with participation from Tiger Global and Tencent, and follow-on from KASZEK, QED Investors and Ribbit Capital. KASZEK, QED and Ribbit invested USD26.7m in April. Read More
Defy Partners and Wavamaker Lead USD30m Series A for Pakistan’s Bazaar
Defy Partners and Wavemaker Partners led a USD30m Series A for Bazaar, a Pakistan-based digital bookkeeping platform and B2B marketplace, with follow-on from Indus Valley Capital, Global Founders Capital, Next Billion Ventures and Alter Global. Read More
Vinci Partners Reaches ~USD71m Second Close for Brazil Water and Sewage Services Fund
Vinci Partners reached a BRL384m (~USD71m) second close for Vinci Infraestrutura Água e Saneamento Fundo de Participações em Infraestrutura (VIAS) fund, which will focus on investing private capital into the privatization of state-owned companies that provide water and sewage services for the Brazilian population. Read More