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Adenia Exits Côte d’Ivoire’s Power Security Solutions Provider Ademat via Sale to SPE Capital
Adenia Partners has sold its 100% stake in Côte d’Ivoire-based power security solutions provider Ademat to SPE Capital for an undisclosed amount. Adenia originally acquired Ademat in 2016. Read More
Launchpad Capital Reaches USD35m Final Close for Baltics VC Fund
Launchpad Capital has reached a USD35m final close for its maiden VC fund targeting early-stage investments in startups in fintech, insurance and real estate in the Baltics. Read More
Avataar and Prosus Lead USD75m Series D for Indian E-Commerce Logistics Startup ElasticRun
Existing investors Avataar Ventures and Prosus Ventures led a USD75m Series D for ElasticRun, an India-based startup connecting e-commerce companies to MSMEs in rural areas, with follow-on from Kalaari Ventures. Read More
Valor Capital, monashees and Balderton Lead USD160m Debt & Equity Round for Latin America-Focused E-Commerce Platform Merama
Valor Capital Group, monashees and Balderton Capital led a USD160m round for Mexico- and Brazil-based e-commerce platform Merama, with participation from TriplePoint Capital and the CEOs of Uala, Loggi, Rappi and MadeiraMadeira. The round comprises USD60m in seed and Series A funding and USD100m in debt. Read More
IMM PE to Acquire 40% Stake in South Korea’s SK Lubricants for ~USD987m
IMM Private Equity, through IMM Credit Solution, has agreed to acquire a 40% stake in South Korea-based oil and lubricant manufacturer SK Lubricants from South Korean refinery-to-battery maker SK Innovation for KRW1.1t (~USD987m). Read More
SoftBank Ventures Asia Leads USD28m Series B for Indonesian Social Commerce Startup Super
SoftBank Ventures Asia led a USD28m Series B for Indonesia-based hyperlocal social commerce startup Super, with participation from DST Global and TNB Aura and follow-on from Amasia, Insignia Ventures Partners, Y Combinator Continuity Fund and Stephen Pagliuca (Bain Capital). Read More
GIC Leads ~USD55 Series C for Brazilian Fintech Warren
GIC led a BRL300m (~USD55m) Series C for Brazil-based fintech Warren, with follow-on from Ribbit Capital, KASZEK, Chromo Invest, QED Investors, Meli Fund and Quartz. Read More
CarVal Invests USD150m Debt in Mexico’s Viva Aerobus
CarVal Investors has provided USD150m in financing to Mexico-based ultra low-cost airline Viva Aerobus. Read More
Temasek Invests USD120m in Indian Edtech UpGrad
Temasek has invested USD120m in UpGrad, an India-based edtech offering online courses in the higher education space. Read More
CITIC Capital Invests in Chinese Online Beauty Business Services Provider Yifei Group
CITIC Capital has made an undisclosed investment in Yifei Group, a China-based online business service provider in the beauty and personal care sector, via its third CNY-denominated fund. Read More
GLP Reaches USD900m Final Close for China Logistics Fund
GLP has reached a CNY5.8b (USD900m) final close for its China Income Fund II, a China-focused logistics vehicle. Read More
SoftBank to Invest USD150m in Brazilian Medical Education Group Afya
SoftBank, through its SoftBank Latin America Fund, has agreed to invest BRL822m (USD150m) in Brazil-based medical education group Afya through the purchase of convertible preferred shares. Existing backers Crescera Capital and the Esteves Family have also agreed to sell ~2.2 million common shares to SoftBank. Read More