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Multiple Ventures Invests in India’s Nova Benefits
Multiple Ventures invested an undisclosed seed round in Indian HRtech Nova Benefits. Read More
Inspired Evolution Leads USD35m Investment to Establish Sub-Saharan Africa-Focused Energy Services Company ESCOTEL
Inspired Evolution, through its Evolution II fund, and co-investors Norfund and Sagemcom have invested USD35m to establish ESCOTEL, a sub-Saharan Africa-focused clean energy services company. Read More
Swedfund Commits USD10m to DPI ADP III
Swedfund has committed an additional USD10m to the African Development Partners III (ADP III) fund, a pan-African, consumer-focused fund managed by Development Partners International (DPI). Swedfund originally invested USD15m in 2019. Read More
Befor Capital Reaches Combined USD106.8m First Close Across China VC Funds
Chinese VC Befor Capital has reached a USD76.3m first close for Fund III and a USD30.5m first close for Fund IV. Befor invests in the consumption upgrade, advanced technology, and modern services fields in China. Read More
Sanlam Reaches Second Close for SME Debt Fund and Invests in Three South African Business
Sanlam Investments has reached a second close for its SME Debt Fund, adding ZAR100m (approximately USD6.6m) to the ZAR250m (approximately USD16.6m) raised in September 2020. The SME Debt Fund has committed ZAR110m (approximately USD7.3m) in debt relief to three South Africa-based businesses: non-banking financial institutions Mettle Administrative Services and Retail Capital, and black-owned specialist retailer Oilstar. Read More
TLcom Leads USD3.75m Series A for Kenyan Healthtech Ilara Health
TLcom Capital led a USD3.75m Series A for Kenya-based healthtech Ilara Health, with participation from DOB Equity, Global Ventures, and Chandaria Capital. Read More
Quona Leads USD21m Series B for Indian Agtech Arya
Quona Capital led a USD21m Series B for Arya, an India-based agtech focused on post-harvest services for farmers, with participation from Omnivore and LGT Lightstone Aspada. Read More
Ethos Secures Advisory Contract for Ninety One’s Africa PE Funds
Ethos Private Equity has secured an advisory contract to manage Ninety One’s Africa Private Equity Fund I and Fund II, effective on December 15, 2020. Ninety One will maintain control and oversight of the portfolio, while Ethos will oversee the day-to-day management of the assets. The two Ninety One funds hold seven assets in Africa across sectors including telecommunications, retail,… Read More
Enterprise Investors Invests USD30.5m in Poland’s Software Mind
Enterprise Investors invested EUR25m (approximately USD30.5m) for 50.2% stake in Polish Software Company Software Mind. Read More
CVC Invests USD124m in Philippines Logistics Company Fast Group
CVC Capital Partners invested PHP6b (approximately USD124m) for a 40% stake in Philippines third-party logistics company Fast Group. Read More
CVC to Acquire Myanmar’s Irrawaddy Green Towers in USD700m Deal
CVC Capital has agreed to acquire Myanmar-based telecom tower company Irrawaddy Green Tower in a deal reportedly valued at USD700m. Read More
India Alternatives Partially Exits Indian Credit Information Company TransUnion CIBIL for USD46m
India Alternatives has partially exited its 2.9% stake in India-based credit information company TransUnion CIBIL via a USD46m sale to Malaysian sovereign fund Khazanah Nasional Berhad. Read More