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Advent International to Exit Chinese Electronics Materials Company Laird Performance Materials via USD2.3b Sale to DuPont
Advent International has agreed to sell Laird Performance Materials, a China-based electromagnetic shielding and thermal management company, to DuPont for USD2.3b. Read More
AIIM and EDF Invest in Kenyan Unit of Solar Solutions Provider Bboxx
African Infrastructure Investment Managers (AIIM) and French electricity company EDF Group (EDF) have agreed to make an undisclosed investment in the Kenyan unit of solar solutions provider Bboxx. Under the terms of the agreement, EDF will hold a 23% stake in the unit, while AIIM will increase its existing minority holding in the company. AIIM originally invested in Bboxx in… Read More
Warburg to Invest USD109m in Adani Ports for 0.49% Stake
An affiliate of Warburg Pincus has agreed to invest INR8b (approximately USD109m) in India-based private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) for a 0.49% stake. Warburg recently sold its 31.5% stake in India’s Gangavaram Port to APSEZ for USD268m. Read More
Astella Investimentos Invests USD1.2m in Brazilian Fintech Sled
Astella Investimentos has invested BRL7m (approximately USD1.2m) in Brazil-based fintech Sled. Astella previously invested BRL2.5m in the company in August 2019. Read More
Trifecta Capital Reaches USD140m Final Close for India Venture Debt Fund
Trifecta Capital has reached a USD140m final close for its second venture debt fund focused on India. Trifecta plans to launch its third venture debt fund in Q3 2021. Read More
Falcon House, Kejora, DEG, MDI and Others Invest USD170m Series B in Indonesian Logistics Startup SiCepat
Falcon House Partners, Kejora Capital, DEG, MDI Ventures, Indies Capital, Temasek Holdings subsidiary Pavilion Capital, Trihill Capital and Daiwa Securities have invested a USD170m Series B for SiCepat, an end-to-end logistics startup in Indonesia. Read More
Addor Capital Reaches USD241m Final Close for China Healthcare Fund
Addor Capital has reached a USD241m final close for its second healthcare fund, a vehicle targeting early-stage investments in Chinese healthcare companies with a focus on technology. Read More
Integral Venture Partners, Lead Ventures and PortfoLion Invest USD8.4m in Hungarian Coding School Codecool
Integral Venture Partners and existing investors Lead Ventures and PortfoLion have invested EUR7m (approximately USD8.4m) in Hungary-based coding school Codecool. Read More
Leo Capital, FJ Labs, Alpha4 Ventures and Meesho Invest USD6m Series A for Colombian Social Commerce Startup Elenas
Leo Capital, FJ Labs and existing investors Alpha4 Ventures and Meesho have invested a USD6m Series A for Colombia-based social commerce startup Elenas. The company previously raised a USD2m seed round in October 2020. Read More
SoftBank Invests in Brazil’s UOL EdTech
SoftBank, through its SoftBank Latin America Fund, has made an undisclosed investment in UOL EdTech, a Brazil-based education technology company. Read More
Proparco, EAV, EDFI ElectriFi and Others Invest Series B for DRC’s Renewable Energy Company Nuru
Proparco has made a convertible note investment in Nuru, a renewable energy company based in the Democratic Republic of Congo, as part of the company’s Series B. Proparco invested alongside existing investors Energy Access Ventures (EAV) and EDFI ElectrFi, and new investors Gaia Impact and the Joseph Family Foundation. Read More
AIIM Acquires Majority Stake in Ghanaian Data Center Ngoya Etix DC
African Infrastructure Investment Managers (AIIM), through its pan-African infrastructure fund AIIF3, has acquired a majority stake in Ghana-based data center Ngoya Etix DC. The investment was made alongside the management team of the Onix Data Centres Limited (Onix DC) platform. Read More