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PIC to Acquire South African Agribusiness Alzu Agri
South African asset manager Public Investment Corporation (PIC) has agreed to acquire South Africa-based agribusiness Alzu Agri on behalf of its client, the Government Employees Pension Fund of South Africa. The deal is subject to regulatory approval. Read More
IFC Commits up to USD30m to AfricInvest
International Finance Corporation has agreed to invest up to USD30m in AfricInvest IV. The fund, which targets USD500m and is managed by pan-African private equity fund manager AfricInvest, will focus on mid-market growth capital transactions in Africa. Read More
DFC Commits up to USD130m to Five EM Funds in Africa, Latin America, Southeast Asia, and India
US International Development Finance Corporation (DFC) has approved a series of commitments for a combined USD130m to five funds, including up to USD30m to AfricInvest Fund IV to support health care and financial services across Africa; up to USD30m to South Asia Growth Fund II to support businesses in the energy, water, and food sectors across India; up to USD25m… Read More
Impact46 Leads USD36m Series A for Saudi Food Delivery Startup Jahez
Saudi VC Impact46 led a USD36m Series A for Saudi Arabia-based food delivery startup Jahez. Read More
Valor Capital Group and Redpoint eventures Lead USD47m Series B for Brazilian Bikeshare Company Tembici, IFC and Joá Investimentos Join
Valor Capital Group and Redpoint eventures led a USD47m Series B for Brazil-based bikeshare company Tembici, with participation from IFC and Joá Investimentos. Read More
Goldman Sachs Leads USD100m Series C for Chinese SaaS Platform Jushuitan
Goldman Sachs led a USD100m Series C for Jushuitan, a Chinese SaaS platform backed by Sequoia China, with participation from CICC Capital and Blue Lake Capital. Read More
General Atlantic to Exit Brazilian Educational Software Company Arco Platform via Secondary Share Offering
General Atlantic has exited Brazil-based educational software company Arco Platform via a secondary share offering of 5,563,203 Class A common shares at USD47.70 apiece. Read More
Riverstone to Acquire 80% Stake in Two Mexican Solar Power Plants from Opdenergy
Riverstone has agreed to acquire 80% of two solar power plants in Mexico from Spain-based developer Opdenergy and to form Vera Renovables, a joint venture focused on the development of new renewable energy projects. Read More
Enterprise Investors Exits 34.4% Stake in Baltic Tour Operator Novaturas for ~USD5.5m
Enterprise Investors has exited its 34.4% stake in Lithuania-based tour operator Novaturas for EUR4.9m (approximately USD5.5m) via a series of secondary transactions. Read More
SoftBank Leads USD22m Series B for Brazilian Data Company Cortex
SoftBank led a BRL120m (approximately USD22m) Series B for Brazil-based data company Cortex, with participation from Redpoint eventures and Endeavor Catalyst. Read More
Facebook and PayPal Invest in Series F for Indonesian Ridesharing Company Gojek
Facebook and PayPal have invested an undisclosed amount in Indonesia-based ridesharing company Gojek as part of its ongoing Series F, along with existing investors Google and Tencent, reportedly bringing the funds raised to date to USD3b. Read More
ChrysCapital Acquires 3% Stake in Indian Pharma Intas for USD132m, Capital International Exits
ChrysCapital has acquired an additional 3% stake in India-based pharmaceutical company Intas for USD132m, providing an exit for Capital International. ChrysCapital originally invested in Intas in 2006, and the current investment brings its stake in the company to 6%. Read More