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Apollo Global Management-Led Consortium to Acquire 49% Stake in UAE’s ADNOC Property Leasing Unit for USD2.7b at USD5.5b EV
A consortium of investors led by Apollo Global Management has agreed to acquire a 49% stake in UAE-based Abu Dhabi Property Leasing Holding Company, a wholly owned affiliate of ADNOC, for USD2.7b as part of a deal valued at USD5.5b. The transaction is expected to close by the end of 2020. Read More
BTG Pactual, Turin MFO, and ENFINI Investments Lead USD21m Investment in Brazilian Foodtech Fazenda Futuro
BTG Pactual, Turin MFO, and ENFINI Investments led a BRL115m (approximately USD21m) investment in Brazil-based foodtech Fazenda Futuro, with participation from existing investors monashees and Go4it Capital. Read More
Google and Lightstone Lead USD28m Series E for Indian Hyperlocal Delivery Startup Dunzo
Google and Lightstone Fund led a USD28m Series E for India-based hyperlocal delivery startup Dunzo. Read More
Partners Group Partially Exits Indian Lender Aavas Financiers for USD49m
Partners Group has sold 2.56m shares, or a 3.27% stake, in India-based lender Aavas Financiers for INR3.61b (approximately USD49m). Partners Group retains a 20.64% stake in the company. This is the second partial divestment for Partners Group from Aavas after selling part of its stake via the company’s IPO in 2018. Read More
XSML Reaches USD54m First Close for Capital African Rivers Fund III
XSML has reached a USD54m first close for Capital African Rivers Fund III. The vehicle targets investments in SMEs in Central and Eastern Africa. Read More
Sequoia Capital China Leads USD173m Investment in South Korean Fintech App Operator Viva Republica
Sequoia Capital China led a USD173m investment in Viva Republica, the South Korea-based operator of fintech services app Toss, with participation from existing backers Kleiner Perkins, Aspex Management, Altos Ventures, Goodwater Capital, and Greyhound Capital. Read More
GIP Acquires RattanIndia’s Solar Assets in India for USD229m
Global Infrastructure Partners has acquired India-based RattanIndia’s solar assets portfolio for INR16.7b (approximately USD229m). Read More
Affirma Exits South Korean Waste Management Company EMC Holdings via Sale to SK Group for ~USD843m
Affirma Capital has agreed to sell its stake in South Korea-based waste and wastewater treatment company EMC Holdings to SK Engineering & Construction, the construction subsidiary of SK Group, in a deal valued at KRW1t (approximately USD843m). Read More
Metier Invests USD25m in South African Renewable Energy Company Broadreach Energy
Metier has invested USD25m in South Africa-based renewable energy company Broadreach Energy through its Sustainable Capital Fund. Read More
Accial Capital Makes USD10m Debt Investment in Colombian Fintech Aflore
Accial Capital has agreed to invest up to USD10m in debt in Colombia-based fintech Aflore, a startup that aims to expand financial services to the unbanked population in Colombia. Read More
Digital Horizon Leads USD2.4m Investment for Nigerian Healthtech Healthlane
Digital Horizon led a USD2.4m investment for Nigeria-based healthtech Healthlane, with participation from Sequoia Capital, Silicon Valley Bank, TSVC, Supernode Ventures, CRE Africa, Capitoria, as well as several early investors in Ping An Good Doctor. Read More
Tata Capital and HBM Exit Indian Packaging Solutions Provider Shriji Polymers via USD33.7m Sale to Creador
Creador has invested INR2.5b (approximately USD33.7m) in India-based packaging solutions provider Shriji Polymers, facilitating an exit for Tata Capital and its co-investor HBM Healthcare Investments. Read More