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ZWC Partners and Golden Gate Ventures Lead Undisclosed Funding Round for Gojek’s On-Demand Video Platform GoPlay
ZWC Partners and Golden Gate Ventures led an undisclosed funding round for GoPlay, the streaming video platform of Indonesia-based ride-hailing company Gojek, with participation from Openspace Ventures, Ideosource Entertainment, and Redbadge Pacific. Read More
ARCH EM Partners Invests USD3m in South African Solar Startup Sun Exchange
ARCH Emerging Market Partners has invested USD3m in South Africa-based solar startup Sun Exchange through its Africa Renewable Power Fund. The investment marks the close of the company’s Series A at USD4m. Read More
InvAscent Invests USD9.7m in Indian Eye Care Chain Sharp Sight Group of Eye Hospitals
India-focused private equity fund manager InvAscent has invested INR700 (approximately USD9.7m) in India-based eye care chain Sharp Sight Group of Eye Hospitals through India Lifesciences Fund III. Read More
Ninety One and Ethos Private Equity Launch USD600m South Africa Recovery Fund
Ninety One, in partnership with Ethos Private Equity, has launched a ZAR10B (approximately USD600m) recovery fund aimed at mitigating the impact of COVID-19 on South African businesses. Read More
Mubadala, ADIA, and Silver Lake Invest USD2.5b in Indian Telecom Company Jio Platforms
Mubadala Investment Company, ADIA, and Silver Lake have invested a combined USD2.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, joining existing investors Facebook, KKR, General Atlantic, and Vista Equity Partners. Mubadala Investment Company has invested USD1.2b for a 1.85% stake; ADIA has invested USD752m for a 1.16% stake; and Silver Lake made… Read More
Advent International-Backed YDUQS Acquires Brazilian Educational Group Grupo Athenas for USD23.8m
Advent International-backed Brazil-based educational group YDUQS has acquired Brazil-based educational group Grupo Athenas for BRL120m (approximately USD23.8m). Read More
Livonia Partners to Sell Estonian Modified Timber Producer Thermory to OÜ UG Investeeringud
Livonia Partners has agreed to sell its majority stake in Estonia-based modified wood producer Thermory to Estonia-based OÜ UG Investeeringud for an undisclosed amount. Read More
Brookfield to Acquire Indian Solar Power Business Emami Power
Brookfield Asset Management has agreed to acquire Emami Power, the solar power business of India-based conglomerate Emami Group, for an undisclosed amount. Read More
Abertis and GIC Acquire 72.3% Stake in Mexican Motorway Operator Red de Carreteras de Occidente from GSIP
Abertis and GIC have acquired a majority stake in Mexico-based motorway operator Red de Carreteras de Occidente. The consortium acquired a 70% stake from Goldman Sachs Infrastructure Partners and an additional 2.3% stake held by local investors and pension fund managers. Read More
Janchor Partners, RA Capital, Hillhouse Capital, and Jiashan SDIC Invest USD310m Series C for Chinese Drug Developer Everest Medicines
Janchor Partners, RA Capital Management, Hillhouse Capital, and Jiashan SDIC have invested a USD310m Series C for China-based biopharmaceutical company Everest Medicines, with participation from Decheng Capital, GT Fund, Janus Henderson Investors, Rock Springs Capital, and Octagon Investments. Existing backers CBC Group, Cormorant Asset Management, Pavilion Capital, and HBM Healthcare Investments made follow-on investments. Read More
RDIF, RTP Global, Elbrus Capital, and Baring Vostok Seed USD200m Joint Investment Platform for Russian Companies
The Russian Direct Investment Fund (RDIF), RTP Global, Elbrus Capital, and Baring Vostok have created a joint investment platform of up to USD200m to invest in Russian companies affected by the COVID-19 pandemic. Read More
IFC Commits Combined ~USD128.5m in Nigeria’s Zenith Bank, Tunisia’s Data Processor VACPA, Mozambique’s Westfalia Fruto Mozambique, And Egypt’s Globaltronics
International Finance Corporation has agreed to invest up to USD128.5m in African businesses, including a USD100m senior loan to Nigeria’s Zenith Bank; a USD11m senior loan to Tunisia’s date processor VACPA; a USD7.5m investment in Mozambique’s agribusiness Westfalia Fruto Mozambique; and a USD10m investment in Egypt’s electricity meter manufacturer Globaltronics. Read More