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L Catterton Invests in Indonesian Beauty E-Commerce Platform Sociolla
L Catterton has made an undisclosed investment in Indonesia-based beauty and personal care e-commerce platform Social Bella International (Sociolla). Read More
Cepheus Growth Invests in Ethiopia’s JP Textile
Cepheus Growth Capital Partners has invested an undisclosed amount for a significant minority stake in Ethiopia-based textile company JP Textile. Read More
KGAL Acquires Third Polish Wind Farm
KGAL Investment Management has acquired a 27 MW wind farm in Poland. As a result of this transaction, KGAL’s Polish wind energy portfolio has increased to 75 MW. Read More
FPT Acquires Majority Stake in Vietnamese Enterprise Software Company Base.vn; 500, Alpha JWC, BeeNext & Nextrans Exit
Vietnam-based tech firm FPT Corporation has acquired a majority stake in enterprise software company Base.vn for an undisclosed amount, facilitating an exit for all VC investors in the company including 500 Startups, Alpha JWC Ventures, Beenext and Nextrans. Read More
True North Exits Indian Ridesharing Company Meru via ~USD10.2m Sale to Mahindra
True North and others have exited their combined 44.14% stake in India-based ridesharing company Meru Travel Solutions via a sale to automotive giant Mahindra & Mahindra for INR760.3m (~USD10.2m). Mahindra will also acquire a 12.66% stake from Neeraj Gupta and Farhat Gupta for INR216.3m (~USD2.9m), increasing its stake to 100%. Read More
Atlantico Leads ~USD20.2m Series B for Brazilian D2C Cosmetics Brand Sallve
Atlantico led a BRL110m (~USD20.2m) Series B for Brazil-based D2C cosmetics brand Sallve, with participation from Red Swan and Endeavor Catalyst and follow-on from Astella Investimentos, Canary, Waldencast and KASZEK. Read More
Motilal Oswal Invests USD25m in India’s Fincare SFB, True North Partially Exits
Motilal Oswal Private Equity, through its India Business Excellence Fund III, has acquired a minority stake in India-based Fincare Small Finance Bank for USD25m through a secondary deal, facilitating a partial exit for True North. Read More
Méliuz Acquires InvestTech-Backed Acesso Bank for USD59.5m
Brazil-based cashback platform Méliuz has acquired Acesso Bank, a Brazilian fintech backed by InvestTech, in a BRL324m (USD59.5m) all-stock deal. Read More
WWB and MDI Ventures Lead USD28m Round for Indonesian Fintech Amartha
Women’s World Banking Capital Partners II and MDI Ventures led a USD28m round for Indonesia-based peer-to-peer fintech Amartha, with follow-on from Mandiri Capital Indonesia and UOB Venture Management. Read More
CPP Investments and AIMCo Invest ~USD411m in Brazilian Water and Sewage Service Holding Company Igua Saneamento
Existing investors CPP Investments and Alberta Investment Management Corporation (AIMCo) have agreed to invest an additional BRL1.7b (~USD318m) and BRL500m (~USD93m), respectively, in Igua Saneamento, a Brazil-based water and sewage service holding company backed by IG4 Capital, to fund a new concession. Read More
MAIF Avenir and Silicon Badia Lead USD20m Round for Tunisian B2B Expense Management Platform Expensya
MAIF Avenir and Silicon Badia led a USD20m round for Tunisia-based B2B expense management solutions provider Expensya, with follow-on from ISAI and Seventure Partners. Read More
Metier Exits South Africa’s Bokpoort Concentrated Solar Power to Revego for ~USD14.2m
Metier has sold its 12% stake in Bokpoort Concentrated Solar Power, a 50MW thermal energy power plant in South Africa, to Revego Africa Energy for ZAR204m (~USD14.2m). Read More