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Fidelity, SoftBank, and Sequoia Lead USD1.7b Investment in Chinese Truck-Hailing Solutions Provider Manbang
Fidelity International, SoftBank Vision Fund, and Sequoia Capital China led a USD1.7b investment in Manbang Group, a logistics firm specializing in truck-hailing solutions. Hillhouse Capital, GGV Capital, YF Capital, Tencent, Baillie Gifford, Lightspeed China Partners, All-Stars Investment, Xiang He Capital, and CMC re-upped. Read More
Digital Colony-Backed Highline to Acquire Brazilian Telecom Infrastructure Provider Phoenix Tower from Blackstone
Digital Colony-backed Highline do Brasil has agreed to acquire Phoenix Tower do Brasil, a Brazil-based telecommunications infrastructure provider, from Blackstone. Equity financing for the transaction was provided by Digital Colony. Details of the transaction were not disclosed. Read More
H.I.G. Capital Acquires Brazilian Internet Service Provider Desktop Sigmanet
H.I.G. Capital has acquired Brazil-based internet service provider Desktop Sigmanet. Read More
CDH Reaches USD228m First Close for China Industry Data Center Fund
CDH Investments has reached a USD228m first close for its debut industry data center vehicle, a sub-fund under the CDH Mezzanine and Credit Fund. The vehicle, which has an initial target of CNY2b (approximately USD304m), will invest in data center projects across China. Read More
Victory Park Provides USD100m Debt to Indonesian Digital Credit Platform Kredivo
Victory Park Capital has provided a debt facility of up to USD100m to Kredivo, an Indonesia-based digital credit platform for retail borrowers. Read More
Baring Vostok and Winter Capital Invest in Russian Edtech Skyeng
Baring Vostok and Winter Capital have invested an undisclosed amount in Russia-based edtech Skyeng. Read More
Ninety One’s EAIF Provides USD31m in Financing to Helios-Backed Access LNG
Ninety One’s EAIF has agreed to provide USD31m in financing to Access LNG, a provider of specialist floating LNG infrastructure backed by Helios Investment Partners, to support the construction of a new Liquid Natural Gas (LNG) storage and regasification facility in Ghana. Read More
DPI Invests in CMPG to Support Merger with CAS
Development Partners International has injected additional capital in Moroccan water infrastructure and irrigation solutions provider Compagnie Marocaine de Goutte à Goutte et de Pompage (CMPG) to fund its combination with Moroccan agricultural supplier Comptoir Agricole de Souss (CAS). DPI first invested in CMGP in 2018. The transaction is subject to regulatory approvals and is expected to close in Q1 2021.… Read More
A.P. Moller Acquires 49% Stake in Moroccan Grain Terminal Operator MCM
A.P. Moller Capital, through its Africa Infrastructure Fund I, has acquired a 49% stake in Morocco-based grain terminal operator Mass Céréales al Maghreb (MCM). Read More
AfricInvest Acquires Minority Stake in Fidelity Bank Ghana
AfricInvest has acquired an undisclosed minority stake in Ghana-based Fidelity Bank Ghana through its two funds, AfricInvest Fund IV and FIVE (AfricInvest Financial Inclusion Vehicle), from Kagiso Tiso Holdings Proprietary. Read More
L Catterton Exits Mexican Hot Sauce Producer Cholula via USD800m Sale to McCormick
L Catterton has exited Cholula, a Mexico-based hot sauce producer and distributor, through a USD800m sale to McCormick & Company. The transaction is subject to approval. L Catterton acquired the company in 2019. Read More
Delivery Hero Leads USD5.5m Investment in UAE’s Logistics Startup Quiqup
Delivery Hero led a USD5.5m funding round for Quiqup, a UAE-based startup providing on-demand and same-day delivery services for retailers, with participation from Cedar Mundi, Jobi Capital, and Trasnmed. Read More