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DEG Provides USD22.5m Loan to Bangladeshi Electrical Device Manufacturer Walton Hi-Tech Industries
DEG has agreed to provide EUR20m (approximately USD22.5m) in financing to Bangladesh-based electrical and electronics device manufacturer Walton Hi-Tech Industries. Read More
Openspace Ventures Reaches USD90m+ First Close for Third Southeast Asia Fund
Openspace Ventures has reached a USD90m+ first close for its third Southeast Asia-focused fund, which is targeting USD200m. Read More
Ninety One’s EAIF Anchors USD170m African Telecom Sonatel Senegal’s Bond Issuance with USD50m
Ninety One’s EAIF has agreed to invest up to XOF29.5b (approximately USD50m) in a XOF100b (approximately USD170m) bond issue in the Senegal business of West African telecom company Sonatel. Read More
ADB Secures USD4b via 3-Year Bond Issuance to Support Emerging Economies in Asia
The Asian Development Bank (ADB) has secured USD4b through the sale of a 3-year global bond, the proceeds of which will be used in assisting countries affected by the pandemic in the Asia Pacific region. Read More
Collective Spark Leads USD2m Series A for Turkish Fintech Mobilexpress
Collective Spark led a USD2m Series A for Turkey-based fintech Mobilexpress, with participation from angel investors including Ali Kolaghassi, Tunç Mehmet Berkman, Deniz Doany, and Careem’s former VP of Growth Emre Tok. Read More
Resource Partners Exits Polish Compound Feed Company Golpasz in Sale to De Heus Animal Nutrition
Central and Eastern Europe-focused private equity fund manager Resource Partners has agreed to sell its majority stake in Poland-based compound feed company Golpasz to Netherlands-based animal feed manufacturer De Heus Animal Nutrition. Read More
Investcorp Leads USD56m Series C for Indian Co-Living Startup Zolostays
Investcorp led a USD56m Series C for India-based co-living and home rental startup Zolostays, with participation from Nexus Venture Partners, Mirae Asset, and Trifecta Capital. Read More
BP to Invest USD70m in EverSource’s Green Growth Equity Fund
The British Petroleum Company (BP) has announced that it will invest USD70m in India’s Green Growth Equity Fund, a vehicle managed by EverSource Capital, a joint venture between private equity firm Everstone Capital and LightSource BP. Read More
GIP Makes USD110m Secured Loan Investment in Colombia’s Greenfield Multipurpose Port Terminal Puerto Antioquia
Global Infrastructure Partners (GIP) has closed on a USD110m secured loan investment in Colombia-based greenfield multipurpose port terminal Puerto Antioquia through its credit funds Global Infrastructure Partners Capital Solutions Funds I and II. Read More
TPG, Engie Rassembleurs d’Energies, and The Singh Family Trusts Lead USD2.25m Pre-Series A for Indian Distribution Startup Frontier Markets
TPG’s The Rise Fund, Engie Rassembleurs d’Energies, and The Singh Family Trusts led a USD2.25m pre-Series A for India-based last-mile distribution startup Frontier Markets Consulting, with participation from Teja Ventures and affiliates of the Beyond Capital Fund. Read More
Temasek, Pavilion Capital, and Jungle Ventures Lead USD58m Series E for Indonesian Beauty-tech Startup Social Bella
Temasek, Pavilion Capital, and Jungle Ventures led a USD58m Series E for Indonesia-based beauty-tech startup Social Bella. Read More
Sequoia Capital Secures Combined USD1.35b for India and Southeast Asia Funds
Sequoia Capital India has secured a combined USD1.35b for its India- and Southeast Asia-focused funds, with USD825m for India Growth Fund III and USD525m for Sequoia India Venture Fund VII. Read More