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Adenia Acquires South African Electrical and Solar Equipment Distributor Herholdt’s
Adenia Partners has acquired a majority stake in Herholdt’s, a distributor of low-voltage electrical and solar products in South Africa, for an undisclosed amount. Read More
KKR to Acquire Controlling Stake in India’s Vini Cosmetics for USD625m
KKR agreed to acquire a controlling stake in India-based personal care and beauty products company Vini Cosmetics from Sequoia Capital and the company’s founder group for USD625m. Read More
ALLVP Exits Cornershop via Sale to Uber at USD3b+ Valuation
ALLVP has exited Chile-based grocery delivery platform Cornershop via a sale to Uber at a reported ~USD3b+ valuation. Read More
China Renaissance Leads USD100m Series B for Hong Kong’s Amber Group
China Renaissance led a USD100m Series B for Amber Group, a Hong Kong-based crypto asset manager, with participation from Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, Sky9 Capital, DCM Ventures and Gobi Partners, and follow-on from Pantera Capital, Coinbase Ventures and Blockchain.com. Read More
Carlyle Sells 5.1% Stake in India’s SBI Cards for ~USD650m
The Carlyle Group sold a 5.1% stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR48.1b (~USD650m) in a bulk deal. In March 2021, Carlyle sold an additional 4% stake for ~INR39b (~USD540m). Read More
EVX Ventures and Boehringer Ingelheim Venture Fund Lead USD24m Series A for Singaporean Biotech Nuevocor
EVX Ventures and Boehringer Ingelheim Venture Fund led a USD24m Series A for Nuevocor, a Singapore-based developer of cardiac gene therapies, with participation from EDBI, Xora Innovation and SEEDS Capital. Read More
Venturi Partners Reaches USD100m First Close for Debut Fund
Singapore-based Venturi Partners reached a USD100m first close for its debut fund, which has an initial target of USD150m. The vehicle will invest in fast-moving consumer goods, education and healthcare services in India and Southeast Asia. Read More
Imperial Capital Acquires Namibia’s Deep Catch from Salt Capital & DEG for USD45m
Imperial Capital has agreed to acquire Namibia-based perishable foods company Deep Catch from a consortium of investors led by Salta Capital Ventures and including DEG for USD45m. Read More
IFC to Commit USD10m to TLcom’s TIDE Africa II
IFC approved a commitment of up to USD10m to TIDE Africa II, a fund managed by TLcom Capital. The vehicle will make seed-to-Series A investments in tech and tech-enabled companies in East and West Africa. Read More
Growth Box Ventures and Moore & Moore Invest USD21m in Cyprus’ Capex.com
Growth Box Ventures and Moore & Moore invested USD21m in Cyprus-based multi-licensed global broker Capex.com. Read More
Lofoten Capital Leads ~USD36m Series D for Brazilian Frozen Meal Platform LivUp
Lofoten Capital led a ~USD36m Series D for LivUp, a Brazil-based DTC frozen meal delivery platform, with participation from Cadonau and angel investors Milton Seligman and Ricardo Rolim (Ambev), Christian Egan (Itau), Rob Citrone (Discovery Capital), Luiz Otavio Campos (Onyx Equity Management), and follow-on from KASZEK and ThornTree Capital. Read More
Btomorrow Ventures, Capital Lab and Invest Tech Lead ~USD3.4m Series A for Brazilian Freight Platform Uello
Btomorrow Ventures, Capital Lab and Invest Tech led a ~USD3.4m Series A for Uello, a Brazil-based express freight platform for corporate retailers and e-commerce brands. Read More