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Creador Partially Exits Malaysia’s CTOS Digital via ~USD287m IPO
Creador partially exited its interest in Malaysia-based credit reporting company CTOS Digital via the company’s MYR1.21b (~USD287m) IPO on Bursa Malaysia. Creador sold shares worth MYR792m (~USD188m) and now retains a 40% stake in the company. Read more here and h Read More
Mediterrania Capital Partners Invests in Morocco’s Dislog Industries
Mediterrania Capital Partners invested an undisclosed amount in Morocco-based FMCG manufacturer Dislog Industries through its MC III fund. Read More
General Atlantic Leads Series B for Mexican Digital Financial Services Platform Klar
General Atlantic led an undisclosed Series B for Klar, a Mexico-based personal finance management and lending platform, with follow-on from Prosus Ventures, Quona Capital, Mouro Capital, IFC and WTI. IFC and Prosus Ventures led the company’s USD15m Series A in 2020. Read More
BluePeak Invests USD16m in Tunisia Hygiene Products Company Sotupa
BluePeak Private Capital, through its BluePeak Private Capital Fund, invested USD16m in Tunisia-based disposable hygiene products company Sotupa. Read More
Atmos Ventures and ARIA Lead USD6.7m Series A for Polish Cybersecurity Startup Nethone
Atmos Ventures and ARIA led a USD6.7m Series A for Nethone, a Poland-based cybersecurity startup focused on preventing fraud in remote channels, with participation from Plug and Play Ventures and Firlej Kastory. Read More
Creador Reaches USD500m First Close for South & Southeast Asia Fund
Creador reached a USD500m first close for Creador V. The vehicle has an initial target size of USD600m and will invest in mid-cap businesses across the consumer, healthcare, financial services and business services spaces in South and Southeast Asia. Read More
KKR to Invest ~USD500m in Telefónica Colombia to Create First Open Access Fiber Optic Network
KKR agreed to invest ~USD500m in Telefónica Colombia, a subsidiary of Spain-based telecom group Telefónica, to create Colombia’s first nationwide open access fiber optic network. Read More
Alibaba, SAIC Motor, CMG-SDIC and YF Invest ~USD464m in China’s Banma
Existing shareholders Alibaba, SAIC Motor, CMG-SDIC Capital Management and Yunfeng Capital invested CNY3b (~USD464m) in China-based internet car solution provider Banma Information Technology. Read More
Magalu Acquires Insight Partners-Backed KaBuM! for up to ~USD741m
Brazil-based e-commerce chain Magalu acquired KaBum!, a Brazil-based technology and e-commerce platform backed by Insight Partners, for up to BRL3.8b (~USD741m). As part of the agreement, Magalu invested BRL1b (~USD195m ), which will be followed by the transfer of additional shares conditional on the achievement of established goals. Read More
BlackRock Acquires Korea Renewable Energy Development & Operation Holdings
BlackRock Real Assets acquired South Korea-based offshore wind developer Korea Renewable Energy Development & Operation Holdings (formerly IGIS Private Equity) for an undisclosed amount. Read More
Novastar Leads USD4.2m Investment in West Africa-Focused Agtech Ignitia
Novastar Ventures led a USD4.2m financing round for Ignitia, a West Africa-focused agtech based in Sweden, with participation from Future Foodways, Mercy Corps, Norrsken and Finca International, and follow-on from IKEA Social Entrepreneurship. The funds will be used to expand Ignitia’s operations into Brazil and to extend the company’s footprint in Sub-Saharan Africa. Read More
Almaz Capital Leads USD6m Round for Latvian Audio Startup Sonarworks
Almaz Capital led a USD6m round for Latvia-based audio technology startup Sonarworks, with participation from Karma Ventures, Trind Ventures, Proks Capital, Smart Growth VC, Wiser Financial Advisors OÜ and angel investors. Read More