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Old Mutual Acquires Solar PV Plant in Namibia
Old Mutual Investment Group has acquired a majority stake in a 5MW solar photovoltaic plant at Rosh Pinah in Namibia from AEE Power Ventures for an undisclosed amount. Read More
PS Alliance Leads USD276m Round for South Korean E-Commerce Platform Tmon
PS Alliance, an investment unit of South Korean automotive and electronic components manufacturer Poongsung Group, led a KRW305b (approximately USD276m) investment in South Korea-based e-commerce platform Tmon. As part of the round, existing shareholders KKR and Anchor Equity Partners have invested an additional KRW50b (approximately USD45m). Read More
Lightspeed VP Leads USD32.5m Series B for Mexican Fintech Stori
Lightspeed Venture Partners led a USD32.5m Series B for Stori, a Mexico-based credit card startup, with follow-on from Vision Plus Capital, BAI Capital and Source Code Capital. Read More
Tiger Global Leads USD100m Series C for Indian Logistics and Materials Procurement Platform Infra.Market
Tiger Global Management led a USD100m Series C for Infra.Market, an India-based logistics and materials procurement platform for construction and real estate, with follow-on from Foundamental, Accel Partners, Nexus Venture Partners, Evolvence India Fund and Sistema Asia Fund, at a reported USD1b valuation. Read More
Temasek, EBD New Ventures, FEBE Ventures, and Others Invest USD10m Seed Round for Singaporean Plant-Based Foods Company Next Gen
Temasek, K3 Ventures, the New Ventures arm of the Singapore Economic Development Board (EDB New Ventures), NX Food, FEBE Ventures, and Blue Horizon have invested a USD10m seed round for Next Gen, a plant-based foods company based in Singapore. Read More
Ocean Link Reaches USD580m Final Close for China Tourism and Tech Fund
Ocean Link has reached a USD580m final close for its second fund targeting investments in the travel, tourism, and consumer technology sectors in China. Read More
KKR Acquires 38% Stake in South Korea’s Hyundai Global Service for USD723m
KKR has acquired a 38% stake in Hyundai Global Service, the aftersales marine services arm of South Korea-based shipbuilder Hyundai Heavy Industries Holdings, for USD723m. Read More
Indian Renewable Energy Company ReNew Power to Merge with RMG Acquisition Corporation II and to List on the Nasdaq
Indian renewable energy company ReNew Power has entered into an agreement to merge with Nasdaq-listed SPAC RMG Acquisition Corporation II. Upon closing, the combined entity is expected to be listed on the Nasdaq under the new ticker symbol “RNW.” The transaction is expected to close in Q2 2021. The enterprise value of the new entity is reportedly USD8b. Read More
Leta Capital Leads USD8m Series A for Lithuanian Automation Technology Company Affise
Leta Capital led a USD8m Series A for Affise, a Lithuania-based partnerships management and automation technology company, with participation from TMT Investments. Read More
OrbiMed and Oceanpipe Lead USD130m Series B for China’s Yisheng Biopharma
OrbiMed and Oceanpipe Capital led a USD130m Series B for China-based biopharmaceutical company Yisheng Biopharma. Read More
IDC Ventures and Fuel Lead USD70m Series C for Brazilian Fintech RecargaPay
IDC Ventures and Fuel Venture Capital led a USD70m Series C for Brazil-based fintech RecargaPay, with participation from ATW Partners, Lun Partners, and Experian Ventures. Read More
Sanlam Private Equity Acquires Majority Stake in South African Red Meats Supplier Cavalier Group of Companies
Sanlam Private Equity has acquired a majority stake in Cavalier Group of Companies, a South Africa-based supplier of premium red meat products, for an undisclosed amount. Read More