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Sanlam Investments Seeds Three African Impact Funds with USD135m
Sanlam Investments has launched three impact funds, named the Investors’ Legacy range, and committed ZAR2.25b (approximately USD135m) of its own capital to the initiative. The funds aim to support the recovery of South African companies in response to COVID-19. Read More
Canary Leads USD1m Investment in Brazilian Proptech Hent
Canary Ventures led a USD1m round for Brazil-based proptech Hent, with participation from Norte Ventures, VivaReal co-founder and Grupo ZAP chairman Brian Requarth, and angel investor Julian Toniol. Read More
KPTL Acquires Minority Stake in Brazilian Agtech Gestão Agropecuária
Brazil-based VC KPTL has acquired a minority stake in Brazil-based agtech Gestão Agropecuária for an undisclosed amount. Read More
Patria and Leblon Equities Acquire 18% Stake in Brazilian Insurance Company Alper
Patria Investimentos and Leblon Equities have acquired an 18% stake in Brazil-based insurance company Alper (formerly known as BR Insurance) from businessman Marcelo Lima. Read More
Mekong Capital and Granite Oak Invest USD6m in Vietnamese Consumer Lending Platform F88
Mekong Capital and Granite Oak have made a USD6m follow-on investment in Vietnam-based consumer lending platform F88. Read More
Gaw Capital and SoftBank Ventures Asia Lead USD25m Series A for Vietnamese Proptech Propzy
Gaw Capital and SoftBank Ventures Asia led a USD25m Series A for Vietnam-based proptech Propzy, with participation from Next Billion Ventures, RHL Ventures, Breeze, FEBE Ventures, RSquare, and Insignia. Read More
Ethos and Proparco Invest USD22m in Ethiopian Holding Company Turaco
Ethos Private Equity and Proparco have invested USD22m in Turaco, a holding company managed by 54 Capital PE Advisors, which holds a portfolio of fast-moving consumer goods assets in Ethiopia. Read More
Wa’ed Ventures and BECO Capital Lead USD25m Investment in Robo-Advisor Wahed
Saudi Arabia-based Wa’ed Ventures, the venture capital arm of Saudi Aramco Entrepreneurship Center, and technology-focused VC BECO Capital led a USD25m investment in Sharia-compliant robo-advisory platform Wahed, with participation from Cue Ball Capital, Dubai Cultiv8, and family offices in the GCC. Read More
CVC Acquires 29.16% Stake in Indian Cancer Care Center Operator HCG for USD86.5m
CVC Capital has acquired a 29.16% stake in India-based cancer care center operator HealthCare Global Enterprises (HCG) for INR6.5b (approximately USD86.5m). In a bid to obtain majority control, CVC has also made an open offer to acquire up to 26% of the company held by public shareholders for INR130 per share. Current shareholders include HCG founder and CEO B.S. Ajai… Read More
African Frontier Capital and d.light Establish USD65m Financing Facility with USD20m Loan from DFC
Africa Frontier Capital and d.light have established Brighter Life Kenya 1 (BLK1), a USD65m financing facility. BLK1 has been structured to provide d.light Kenya with local currency financing over a two year commitment period. Part of BLK1 is financed by a USD20m senior debt commitment from US International Development Finance Corporation (DFC). Read More
Baring PE Asia to Invest up to USD423m to Take Indian IT Service Provider Hexaware Private
Baring Private Equity Asia has offered to invest up to INR31.9b (approximately USD423m) to take India-based IT service provider Hexaware Technologies private. Baring PE Asia already holds a majority stake in the company and is willing to acquire the remaining 37.6% through the purchase of 112,000,000 shares at INR285 apiece. Read More
Elevator Ventures and Speedinvest Make USD1.5m Seed Investment in Russian Agtech Agro.Club
Elevator Ventures, Speedinvest, and Raiffeisen Bank International’s corporate venture fund have made a USD1.5m seed investment in Russia-based agtech Agro.Club. Read More