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China’s Capcon Raises ~USD50m Series B2 from Chengchuang Capital, Cowin Capital and Others
Capcon, a China-based packaging equipment manufacturer, raised a ~USD50m Series B2 from Chengchuang Capital, Cowin Capital, GL Ventures and Shang Qi Capital. Read More
Lok Capital Reaches USD90m First Close for Fund IV
Impact investor Lok Capital reached a USD90m first close for its fourth fund focused on financial inclusion in India. Read More
Lion’s Head EIF To Provide ~USD8m Credit Facility in Mali’s SolarX
The Energy Inclusion Facility (EIF), managed by Lion’s Head Global Partners, agreed to provide a EUR7.5m (~USD8m) credit facility for SolarX, a Mali-based developer of commercial and industrial (C&I) solar power plants. Read More
Ghana’s Jetstream Africa Raises USD13m in Equity and Debt Pre-Series A
Jetstream Africa, a Ghana-based supply chain platform, raised a USD13m equity and debt pre-Series A. Cauris Management and Proparco led the debt financing, and equity investors included Octerra, Wuri Ventures, Seed9, The MBA Fund and ASCVC, with follow-on from Alitheia IDF and Golden Palm. Read More
Abris-backed Velvet CARE Acquires Poland’s Almus
Poland-based tissue producer Velvet CARE, with support from Abris Capital Partners, acquired Almus, a Poland-based paper products manufacturer. Abris acquired Velvet CARE from Avallon in 2018. Read More
General Atlantic Acquires 5.64% Stake in Indonesia’s Cimory for USD130m
General Atlantic acquired a 5.64% stake in Cimory, an Indonesia-listed producer of dairy and other food products, for USD130m. Read More
Carlyle Acquires Majority Stake in India’s VLCC for ~USD300m
Carlyle acquired a majority stake in VLCC, an India-based beauty and wellness marketplace, for a reported ~USD300m. Read more here and h Read More
BioNTech To Acquire Tunisia’s VC-Backed InstaDeep for ~USD387m
Nasdaq-listed BioNTech agreed to acquire InstaDeep, a Tunisia-founded, UK-based AI industrial decision-making platform backed by AfricInvest, Endeavor Catalyst and others, for EUR362m (~USD387m). Read More
Mexico’s GoTrendier Raises ~USD15m Series B Led by IDB Invest, Creas Impacto and IDC Ventures
GoTrendier, a Mexico-based second-hand clothing e-commerce marketplace, raised a ~USD15m Series B led by IDB Invest, Creas Impacto and IDC Ventures with follow-on from IGNIA Partners and others. Read more here and h Read More
L Catterton Leads ~USD44m Series A2 for Hong Kong’s TENWAYS
L Catterton led a CNY300m (~USD44m) Series A2 for TENWAYS, a Hong Kong-based e-bike manufacturer. Read More
Veradigm Leads USD45m Series B for Singapore’s Holmusk
Veradigm (formerly Allscripts Healthcare Solutions) led a USD45m Series B for Holmusk, a Singapore-based behavioral health records management platform, with follow-on from Heritas Capital, Health Catalyst Capital, Novartis-backed dRx Capital, Northwell Holdings and others. Read More
General Atlantic to Sell 13.6% Stake in China’s Xiabuxiabu for ~USD174m
General Atlantic agreed to sell its remaining 13.6% stake in Hong Kong-listed restaurant chain Xiabuxiabu for HKD1.4b (~USD174m). Read More