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SPE Capital Reaches USD258m Final Close for SPE AIF I
SPE Capital Partners has reached a USD258m final close for SPE AIF I, surpassing its initial hard cap of USD200m. The vehicle targets investments in Egypt, Jordan, Morocco, and Tunisia. Read More
FinDev Canada Invests USD12m in FMO- and CDC-Backed Miro Forestry
FinDev Canada has announced a USD12m equity investment in FMO- and CDC-backed Miro Forestry, a sustainable forestry and timber business with operations in Ghana and Sierra Leone. Read More
Finnfund and Norfund Increase Funding of West African Solar Power Provider Starsight to USD20m
Finnfund and Norfund increased their senior debt facility for Starsight, a commercial and industrial solar power provider in West Africa, from USD10m to USD20m. Read More
Sandberg Capital Reaches USD133m Final Close for Second CEE Fund
Sandberg Capital has reached a EUR109m (approximately USD133m) final close for Sandberg Investment Fund II, a vehicle targeting investments in SMEs in the CEE region, with a focus on Slovakia and the Czech Republic. Read More
Capria Commits USD2m to Angel Ventures Pacific Alliance Fund II
Capria Ventures has invested USD2m in Angel Ventures Pacific Alliance Fund II. The vehicle, managed by Angel Ventures, will focus on addressing gaps in financial inclusion, food security, and access to education and information in Mexico, Colombia, Peru, and Chile. Read More
Innova Capital-Backed Prime Label Acquires Slovenian Digital Printing House LabelProfi
Innova Capital-backed Prime Label Group has acquired a majority stake in Slovenia-based digital printing house LabelProfi. Read More
Greenspring Associates Leads USD35m Series B for Colombian Proptech La Haus
Greenspring Associates led a USD35m Series B for Colombia-based proptech La Haus, with participation from Hometeam Ventures and follow-on from Acrew Capital, KaszeK Ventures, NFX, IMO Ventures, and Zillow co-founder Spencer Rascoff. Read More
SoftBank Leads Undisclosed Series C for Brazilian Online Accounting Services Startup Contabilizei
SoftBank’s Latin America Fund led an undisclosed Series C for Brazil-based online accounting services startup Contabilizei, with follow-on from KaszeK Ventures, Point72 Ventures, Quona Capital, and IFC. Read More
Warburg Pincus and Goodwater Capital Lead USD100m Investment in Vietnamese Fintech MoMo
Warburg Pincus and Goodwater Capital co-led a USD100m Series D for Vietnam-based M Service JSC which operates MoMo, a mobile wallet services provider. Affirma Capital, Kora Management, Tybourne Capital, and Macquarie Capital also participated in the round. Read More
New Fortress Energy Acquires Stonepeak-Backed Hygo and Golar LNG Partners for USD5b
New Fortress Energy has acquired Stonepeak-backed Hygo and Golar LNG Partners for USD5b. The investment will add 2700MW of power generation and a robust customer pipeline to Brazil’s natural gas and power markets. Read More
Warburg in USD109m Debt and Equity Deal for Indian Online Pharmacy MedPlus
Warburg Pincus has acquired a minority stake in India-based online pharmacy MedPlus Health Services through an equity and debt transaction. Warburg has invested INR5b (approximately USD68m) in equity for a reported 20-25% stake and has provided INR3b (approximately USD41m) in debt finance. Read More
Byju’s to Acquire Blackstone-Backed Aakash Educational Services for USD1b
Indian edtech Byju’s has agreed to acquire Aakash Educational Services, an India-based brick and mortar test prep company backed by Blackstone, for USD1b. The acquisition will see Aakash’s founders exit the company, while Blackstone, which picked up a 37.5% stake in Aakash in October 2019, will swap a portion of its stake in Aakash for a stake in Byju’s. Read… Read More