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T. Rowe Price and Undisclosed Investors Invest USD300m in Colombian Delivery App Rappi
T. Rowe Price Associates and other undisclosed investors have invested USD300m in Colombia-based delivery app Rappi. Previous investors in Rappi include SoftBank, Andreesen Horowitz, DST Global, Sequoia Capital, and Y Combinator. Read More
National Talents, IM Capital, and DHV Partners Invest USD520k in Pre-Series A for Dubai Edtech Geek Express
Saudi-based National Talents, Lebanon’s IM Capital, DHV Partners, and an unnamed angel invested USD520k in Dubai- and Beirut-based Geek Express, an edtech that provides online and offline STEAM education to children across MENA. The round takes Geek Express’ total raise to USD860k. Read More
Canary Leads USD2.7m Round in Brazilian Logistics Startup Kestraa
Canary and unnamed angels invested BRL15m (USD2.7m) in Brazilian logistics startup Kestraa. Read More
IFC, Ciel, Investment Fund for Healthcare in Africa, Proparco, and Kibo Capital Provide USD6.5m in Debt and Equity to Mauritius-Based Ciel Healthcare
Proparco, Kibo Capital, Ciel Limited, and other shareholders of Mauritius-based healthcare center management company Ciel Healthcare invested USD2.5m in its Ugandan subsidiary International Medical Group (IMG). IFC also approved a USD4m loan to IMG to finance a liquidity shortfall that resulted from the COVID-19 pandemic. Read More
IDB to Invest up to USD30m in Kandeo 3D Fund
IDB Invest has agreed to inject up to USD30m in Kandeo 3D, a private debt fund managed by Kandeo Investment Advisors that will provide financing to mid-sized companies in Mexico, Colombia, and Peru. Read More
Waha Capital to Invest USD50m in Argentine Traveltech Despegar.com
Waha Capital has agreed to invest USD50m in Argentina-based online travel company Despegar.com via a private placement. L Catterton recently invested USD150m in the company. Read More
NWS Holdings Sells Hong Kong’s Citybus and New World First Bus to Templewater Bravo-Led Consortium for USD410m
Infrastructure firm NWS Holdings, a unit of Hong Kong property developer New World Development, has agreed to sell Hong Kong-based bus franchises Citybus and New World First Bus for HKD3.2b (USD410.2m) to a consortium led by private equity fund Templewater Bravo in a cash deal. Following the transaction, Templewater Bravo will own more than 90% of Citybus and New World… Read More
Fundamentum and KB Global Invest USD13m in Extended Series D for Indian Logistics SaaS Platform FarEye
Fundamentum Partnership and KB Global have invested USD13m in an extended Series D for India-based logistics SaaS platform FarEye. Microsoft’s corporate venture fund M12 led the company’s USD24.5m Series D in April 2020. Read More
Baring PE Asia-Led Consortium to Invest USD209m for 19.55% Stake in Indian Lender RBL Bank
A consortium of investors led by Baring Private Equity Asia has agreed to invest USD209m in India-based lender RBL Bank for a 19.55% stake. Baring has agreed to invest USD132m for a 9.45% stake. Other participating investors include CDC Group, Gaja Capital, and ICICI Prudential Life. Read More
WestBridge Leads USD28m Series C for Indian Edtech LEAD School
WestBridge Capital led a USD28m Series C for India-based edtech Leadership Boulevard (LEAD School), with participation from existing investor Elevar Equity. Read More
KKR Completes USD739m Acquisition of South Korean Waste Management Companies from Anchor Equity Partners
KKR has completed the USD739m acquisition of two South Korea-based waste management firms part of ESG Group. Specifically, KKR acquired 100% of ESG, a medical waste treatment firm, and 77.8% of ESG Cheongwon, an industrial waste management company, from Anchor Equity Partners. Read More
Southern Capital Acquires Malaysian Sweetened Creamer Manufacturer F&B Nutrition in USD240m Deal
Southern Capital Group has acquired Malaysia-based sweetened creamer manufacturer F&B Nutrition from Malaysia-based food packaging manufacturer Can-One International for USD240m. Read More