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CDC-Backed Gridworks, Eranove and AEE Power Holdings Invest USD100m to Develop Solar Projects in the DRC
A consortium of investors led by CDC Group-backed Gridworks Development Partners and including Eranove and AEE Power Holdings has signed a concession agreement with the government of the Democratic Republic of the Congo to build and operate three off-grid solar-hybrid electricity facilities. The investors plan an initial investment of USD100m. Read More
Sequoia China, China Merchants Health, Greenwoods & WuXi Apptec Lead USD188m Round for Chinese mRNA Specialist Stemirna
Sequoia Capital China, China Merchants Health, Greenwoods Asset Management and Wuxi AppTec led a CNY1.2b (~USD188m) round for Stemirna Therapeutics, a China-based mRNA drugs and vaccines developer, with participation from OrbiMed, Advantech Capital, China Reform Fund, CMB International, Kaili Yifang Capital Management, Forebright Capital, CTS Capital and CITIC Securities Investment. Read More
Blackstone to Acquire Chinese Tech Publisher IDG for USD1.3b
Blackstone has acquired media and data company International Data Group (IDG) from China Oceanwide Holdings Group for USD1.3b. Read More
OP Finnfund Global Impact Invests USD5m in Ethiopian Poultry Company EthioChicken
OP Finnfund Global Impact Fund I has invested USD5m in EthioChicken, an Ethiopia-based poultry company. Read More
GIC Leads USD50m Series C for Indian Logistics Management Platform Locus
GIC led a USD50m Series C for India-based logistics management platform Locus, with participation from Qualcomm Ventures, Tiger Global and Falcon Edge. Read More
IFC Commits USD100m to Cerberus Emerging Market Special Situations Fund
IFC has committed USD100m to Cerberus Emerging Market Special Situations Fund. The vehicle, which is managed by Cerberus Capital Management, will invest in credit opportunities in emerging markets, primarily targeting stressed/distressed companies in Latin America and the Caribbean. Read More
Prosus, Dragoneer and Wellington Management Lead USD255m Series F for India’s Urban Company
India-based home and beauty services platform Urban Company has raised a USD255m Series F at a reported ~USD2.1b valuation, including USD190m led by Prosus, Dragoneer and Wellington Management with participation from Vy Capital, Tiger Global and Steadview, and ~USD65m in a secondary sale. Read More
General Atlantic-Backed dLocal Raises ~USD617m in NYSE IPO
dLocal, a Uruguay-based, cross-border payment platform backed by General Atlantic, has raised ~USD617m in its NYSE listing. Read More
KKR Invests in Vietnamese Education Group EQuest
KKR, through its Global Impact Fund, has made an undisclosed investment in EQuest Education, a Vietnam-based K-12 bilingual school operator. Read More
Combined Growth Real Estate, Vivium Capital, Others Invest USD4m Seed Round for UAE’s Fintech Stake
Combined Growth Real Estate led a USD4m seed round for UAE-based fintech and real estate investment platform Stake, with participation from Vivium Capital, Verve Ventures and Lama Holding. Read More
Combined Growth Real Estate, Vivium Capital, Others Invest USD4m Seed Round for UAE’s Fintech Stake
Combined Growth Real Estate led a USD4m seed round for UAE-based fintech and real estate investment platform Stake, with participation from Vivium Capital, Verve Ventures and Lama Holding. Read More
ACON Investments Acquires Vitalis Group
ACON Investments, through its Latin America Opportunities Fund V, alongside DEG, FMO and Proparco, has acquired Vitalis Group, a manufacturer and wholesaler of generic injectable pharmaceuticals with production facilities in Colombia and Mexico. Read More