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Chiratae and Eight Roads Lead ~USD10m Series C for Indian Consumer Lending Platform EarlySalary
Existing investors Chiratae Ventures and Eight Roads Ventures led a INR750m (approximately USD10m) Series C for India-based consumer lending platform EarlySalary. Eight Roads and Chiratae invested INR375m (approximately USD5m) each, bringing their stakes in the company to 29.97% and 25.54%, respectively. Read More
Ninety One’s EAIF Invests USD15m in Local Currency Bond for Senegal’s Port Autonome de Dakar
Ninety One’s EAIF has invested USD15m in a local currency capital market bond issue by Senegal’s Port Autonome de Dakar (PAD), the owner of the Port of Dakar. The proceeds of the bond will help fund the relocation of the capital city’s port and its operations to a new greenfield site. The bond raised over USD107m. Read More
Viking Global Investors and Advent International Subsidiary Sunley House Capital Invest USD150m in Brazilian Payment Processing Platform Conductor
Viking Global Investors led a USD150m round for Conductor, a Brazilian payment processing platform and banking as a service company, with additional participation from Sunley House Capital Management, an affiliate of Advent International. Existing investors include Riverwood Capital and Visa. Read More
KaszeK, Península, and Jorge Lemann Invest USD3m in Brazilian Healthtech Cuidas
Kaszek Ventures led a BRL17m (approximately USD3m) round for Brazilian healthtech Cuidas, with participation from Península, the family office of Abílio Diniz, and Jorge Paulo Lemann. Read More
XP Private Equity Acquires Brazil’s HOPE Eye Hospital
The private equity fund created by XP to consolidate the ophthalmology market in Brazil announced the acquisition of Hospital de Olhos de Pernambuco (HOPE). The acquisition was carried out by XP portfolio company Centro Brasileiro da Visão for an undisclosed amount. Read More
Brazil’s Locaweb Acquires Confrapar- and Criatec-Backed Vindi for USD31m
Confrapar and Bozano-managed Criatec II exited Brazilian SaaS company Vindi via a sale to Locaweb for BRL180m (approximately USD31m). Read More
Sequoia Capital and Faering Lead USD55m Investment in Indian Non-Banking Financial Company Finova
Sequoia Capital India and Faering Capital led a USD55m investment in India-based non-banking financial company Finova Capital. Sequoia and Faering provided USD35m, while the remaining USD20m was supplied by other lenders. Read More
KKR Launches Renewable Energy Platform in India
KKR has launched Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India. Virescent will focus on investment opportunities that have stable cash flows stemming from long-term contracts with state and central government counterparties across India. Read More
Climate Fund Managers and Eos Capital Invest USD60m to Develop Namibia-Based Kelp Farm
Climate Fund Managers (CFM) and Eos Capital have announced a partnership between Climate Investor Two (managed by CFM), Kelp Blue, and the Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital, for the commercial development of a large-scale kelp farm in Namibia. Read More
Accel-KKR Reaches USD640m Final Close for Emerging Buyout Partners Fund
Accel-KKR has reached a USD640m final close for its Emerging Buyout Partners Fund, a vehicle targeting investments in software and tech-enabled services companies in emerging markets, with a focus on small-cap companies. Read More
Axian Commits to DPI ADP III
AXIAN has committed an undisclosed amount to the African Development Partners III (ADP III), a pan-African, consumer-focused fund managed by Development Partners International (DPI). Read More
Ascent, Investcorp, Investment Corporation of Dubai, DFC, and Allana Group Lead USD121m Series C for Indian E-Commerce Platform FreshToHome
Ascent Capital, Investcorp, the Investment Corporation of Dubai, DFC, and Allana Group led a USD121m Series C for fresh seafood and meat e-commerce platform FreshToHome. Iron Pillar, which led the company’s Series B, contributed USD19m to the round. Read More