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Amethis Reaches USD101m First Close for MENA Fund II
Amethis reached a EUR85m (USD101m) first close for Amethis MENA Fund II. The vehicle will target majority and minority investments in fast-growing SMEs in Morocco, Egypt, Tunisia and Jordan. Read More
Riverwood Capital Leads ~USD150m Round for Brazilian Pet Marketplace PetLove
Riverwood Capital led a ~USD150m round for Brazilian pet marketplace PetLove, with participation from monashees, Tarpon, SoftBank and L Catterton. L Catterton made an undisclosed investment in June 2020 and SoftBank invested USD48m in April 2020. Read More
01 Advisors, General Catalyst and Lachy Groom Lead USD57m Series B for Fintech Origin
Origin, a US-based financial advisor platform for company employees with operations in the US and Brazil, raised a USD57m Series B led by 01A, the VC fund of Dick Costolo and Adam Bain, General Catalyst and Lachy Groom, with follow-on from Founders Fund, Felicis Ventures and Abstract Ventures, at a reported USD400m valuation. Read More
ACON to Invest in Mexico’s Actinver
ACON Investments will acquire up to 15% of Mexican manager Actinver through the subscription of convertible bonds for an undisclosed amount. Read More
Shenzhen Capital, CCB International, CICC, Others Invest ~USD200m in Hong Kong’s OrbusNeich Medical Group
Hong Kong-based medical devices maker OrbusNeich Medical Group raised ~USD200m across two rounds from Shenzhen Capital Group, CCB International, CICC Capital, China Merchants Securities Investment, Shenzhen Share Capital Healthcare Fund and family offices. Read More
China Structural Reform Fund and China Internet Investment Fund Lead ~USD155m Series A for China’s Metax
China Structural Reform Fund and China Internet Investment Fund led a CNY1b (~USD155m) Series A for China-based chipmaker Metax Integrated Circuits, with follow-on from investors including Matrix Partners China, CTC Capital, Sequoia Capital China and Lightspeed Venture Partners. Read More
Zephyr’s Emerald Sri Lanka Fund Exits Panasian Power & JAT Holdings
The Emerald Sri Lanka Fund, a vehicle launched by Zephyr Management in partnership with NDB Bank, exited Sri Lanka-based renewable energy solution provider Panasian Power via a secondary sale to a local conglomerate, and Sri Lanka-based water-based wood coatings company JAT Holdings via an IPO on the Colombo Stock Exchange. Read More
Impact46 and Elm Lead USD20m Series B for Saudi Arabia’s Syarah
Impact46 and Elm Company led a USD20m Series B for Saudi Arabia-based auto marketplace Syarah, with participation from Budget, Vision Ventures and Yousef Al-Rasheedi (Haraj). Read More
Mubadala Sells 50% Stake in UAE’s Al Maryah Island Cooling Scheme for ~USD84.5m
Mubadala Infrastructure Partners sold its 50% stake in Al Wajeez Development Company, the operator of the Al Maryah Island cooling unit in Abu Dhabi, to its joint venture partner the National Central Cooling Company for AED311.5m (~USD84.8m). Read More
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