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Brookfield Acquires Brazilian Solar Complex from Spain’s Solatio for USD559m
Brookfield has agreed to acquire a 1,000 MW solar complex in Brazil from Spanish multinational Solatio for BRL3b (approximately USD559m). This investment is part of Brookfield’s plan to invest between BRL4b (~USD745m) and BRL4.5b (~USD838.5m) to raise its solar energy capacity in the country. Read More
Square Peg Leads USD16m Series C for Singaporean Digital Wealth Manager StashAway
Square Peg led a USD16m Series C for Singapore-based digital wealth management platform StashAway, with participation from Burda Principal Investments and Eight Roads Ventures. Read More
Arc Labs Invests USD25m in Debt Financing in Mexican Proptech Flat.mx
Arc Labs has invested USD25m in debt financing in Mexico-based proptech Flat.mx, a real estate ibuyer currently part of Y Combinator’s Summer 2020 accelerator program. Read More
Spectra, Fir Capital, and Redpoint eventures Invest ~USD22m in Brazilian Building Materials Retailer ABC da Construção
Spectra, Fir Capital, Redpoint eventures, as well as the company’s founders, have invested BRL115m (approximately USD22m) in Brazil-based building materials retailer ABC da Construção. Read More
Enko Capital Managers to Exit Dubai’s Logistics Company AMI Logistics
Enko Capital Managers has agreed to sell its minority stake in Dubai-based logistics company AMI Logistics to CEVA Logistics, a subsidiary of CMA CGM. AMI’s founders have also agreed to divest their stakes in the company. Enko originally invested USD7m via its Enko Africa Private Equity Fund (EAPEF) in 2017. The details of the transaction are undisclosed. Read More
Creandum and Highland Europe Lead USD15m Series A for Turkish-German Meditation Startup Meditopia
Creandum and Highland Europe led a USD15m Series A for Turkey- and Germany-based meditation startup Meditopia. Read More
KKM Acquires CDC-Backed Feronia’s Stake in Agribusiness Plantations et Huileries du Congo in Restructuring Deal
Straight KKM 2 (KKM), backed by Kuramo Capital Management and Mafuta Investment Holdings, has agreed to acquire CDC-backed Feronia’s direct and indirect equity interests in Congo-based palm oil agribusiness Plantations et Huileries du Congo. The deal, which is pending approval, will see Feronia delisted from the Canadian Stock Exchange upon completion. Read More
KKR Leads USD800m Series C+ for Chinese Grocery E-Commerce Platform Xingsheng
KKR led a USD800m Series C+ for China-based grocery e-commerce platform Xingsheng, with participation from Sequoia Capital China and China Renaissance’s Huaxing Growth Capital. Read More
BNDES to Invest up to USD29m in Vinci Impacto e Retorno IV
BNDES has approved an investment of up to BRL150m (approximately USD29m) in Vinci Impacto e Retorno IV. The vehicle, which targets BRL600m (~USD116m), will invest in medium-sized companies operating in the health care, education, retail, IT, and food sectors in Brazil. Read More
Warburg Leads USD171m Series B for Chinese Drug Developer Haihe Biopharma
Warburg Pincus led a USD171m Series B for China-based cancer drug developer Haihe Biopharma, with participation from CMB International, Legend Capital, CICC Capital, Beijing Langzi Asiana Asset Management, Chaos Investment, Winfast Holding, and Shanghai International Group, and follow-on from Yingke PE, BioTrack Capital, CSPC Pharmaceutical Group, and Liansheng Ventures. Read More
CICC Leads USD495m Investment in Chinese Grocery Delivery Startup MissFresh
CICC Capital led a USD495m investment in China-based grocery delivery startup MissFresh, with participation from ICBC International, Tencent, Abu Dhabi Capital Group, Suzhou Changshu Government Industry Fund, Tiger Global Management, and Goldman Sachs. Read More
KDB, NVESTOR, Intervest, and IMM Investment Lead USD41.8m pre-Series D for South Korean Edtech Riiid
Korea Development Bank (KDB), NVESTOR, Intervest, and existing investor IMM Investment led a USD41.8m pre-Series D for South Korean edtech Riiid, a tutoring platform focused on mobile test prep that recently opened offices in Silicon Valley and plans to expand across the US, South America, and the Middle East. Read More