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Redpoint eventures and HDI Seguros to Invest USD6.5m in Brazilian SaaS Platform Accountfy
Redpoint eventures and HDI Seguros have agreed to invest USD6.5m in Brazil-based financial management SaaS platform Accountfy. Read More
Gaja Capital, Lok Capital, TIAA, and Others Invest USD8.2m in Indian Non-Banking Finance Company Suryoday Small Finance Bank
Existing investors Gaja Capital, Kotak Mahindra Life, Lok Capital, Teachers Insurance and Annuity Association of America (TIAA), and LN Bangur Group’s investment arm Kiran Vyapar have invested USD8.2m in India-based non-banking finance company Suryoday Small Finance Bank. Read More
ADB Approves USD300m Loan to Geo Dipa Energi to Increase Indonesia’s Geothermal Power Generation Capacity
Asian Development Bank has approved a USD300m loan to Geo Dipa Energi, an Indonesian state-owned company, to increase the country’s geothermal electricity generation capacity. ADB will also provide USD35m from its Clean Technology Fund for the project. Read More
IDG Capital and CPE Lead USD1b Series B for Chinese Genetic Sequencer MGI Tech
IDG Capital and CPE led a USD1b Series B for China-based gene sequencing equipment manufacturer MGI Tech, a subsidiary of genomics company BGI Group, with participation from Huaxing Growth Capital, Guofang Capital (under Shanghai International Group), Huatai Zijin Investment (under Huatai Securities), Ti Capital, Sailing Capital, Co-Stone Capital, Dingfeng Asset, and Guotai Junan Venture Capital. Existing investors Goldstone Investment and… Read More
CDC Leads USD17m Investment in Ghanaian Healthtech mPharma
CDC Group led a USD17m investment in Ghana-based prescription drug inventory management company mPharma, with participation from previous investors including former Novartis CEO Dr. Daniel Vasella, Silicon Valley investor Jim Breyer, and Italy-based family office Dompe Holdings. Read More
PIC Acquires 13% Stake in Moroccan Real Estate Platform Aradei Capital for USD50m
South African asset manager Public Investment Corporation (PIC) has acquired a 13% stake in Morocco-based real estate platform Aradei Capital on behalf of its client, the Government Employees Pension Fund of South Africa, for USD50m. The European Bank for Reconstruction and Development, Label’Vie, SANAM Holding, and Best Financière are investors in the company. Read More
Pioneering Ventures Acquires Indian Agtech Lateral Praxis
Switzerland-based agri-food investor Pioneering Ventures has acquired India-based agtech Lateral Praxis for an undisclosed amount. Read More
Matrix Partners Leads USD26.5m Series A for India’s Ola Financial Services
Matrix Partners led a USD26.5m Series A for India-based Ola Financial Services, the financial services arm of cab-hailing platform Ola, with participation from Falcon Edge, Gemini Investments, and Arun Sarin’s family office. Read More
Warburg Pincus Increases Stake in Singapore’s ARA Asset Management to 48.7%
Warburg Pincus has agreed to increase its stake in Singapore-based real estate fund manager ARA Asset Management from 30.7% to 48.7% through a series of transactions expected to be completed by May 2021. Fellow shareholders Straits Trading, CK Assets Holding, and JL Investment Group (an entity owned by ARA co-founder John Lim) also increased their stakes for a combined 51.3%.… Read More
Naya Capital Invests USD109m via Convertible Note in Estonian Ridesharing and Food Delivery App Bolt
Naya Capital Management has invested EUR100m (approximately USD109m) in Estonia-based ridesharing and food delivery app Bolt in the form of a convertible note. Naya Capital previously invested in the company’s USD67m Series C in July 2019. Read More
Old Mutual-Backed UFF Agri Invests in Malawian Agribusinesses Jacoma Estates and Tropha Estates
UFF Agri Asset Management, a specialty advisor for agricultural investments in Africa backed by Old Mutual Investment Group, has invested in Malawi-based agribusiness and macadamia producer Jacoma Estates and its subsidiary Tropha Estates. CDC Group and AgDevCo are investors in the company. Read More
Mediterrania-Led Consortium Acquires Egyptian Diagnostics Imaging Company MetaMed for ~
A consortium of investors led by Africa-focused growth equity fund manager Mediterrania Capital Partners has acquired Egypt-based diagnostics imaging company MetaMed from Middle East- and Africa-focused alternative investment firm Gulf Capital for over EUR100m (approximately USD109m). Mediterrania provided USD25m through Mediterrania Capital III, while the remaining USD75m were provided by FMO, Proparco, DEG, and EBRD. Read More