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Hahn & Co. and Hana Financial Acquire South Korean Bulk Carrier H-Line Shipping for USD1.45b
Hahn & Co. and Hana Financial Group have agreed to acquire 100% of South Korea-based H-Line Shipping, the former bulk carrier of bankrupt Hanjin Shipping, for USD1.45b. The two firms will create a fund for the leveraged buyout of H-Line Shipping, which is currently owned by another fund of Hahn & Co. Read More
Inventus Capital Leads USD2.6m Series A for Indian Electric Automotive Startup Euler Motors
Inventus Capital Partners led a USD2.6m Series A for India-based electric automotive startup Euler Motors, with participation from Blume Ventures, Jetty Ventures, and Udaan co-founder Sujeet Kumar. Read More
Reflex Capital, Fast Forward, and Lighthouse Ventures Invest USD3.8m in Czech Proptech Spaceti
A consortium of investors, including existing investors Reflex Capital and Fast Forward, and new investors Lighthouse Ventures and Kamil Vacek, has made a USD3.8m seed investment in Czech Republic-based workspace-focused proptech Spaceti. Read More
Swedfund Provides ~USD5.5m Loan to Platcorp to Support SMEs in East Africa
Swedish development finance institution Swedfund has provided EUR5m (approximately USD5.5m) in financing to Platcorp, a financial institution providing credit to private individuals and SMEs in Kenya, Uganda, and Tanzania. Read More
Horizon Ventures and Alpha JWC Lead USD11.5m Series A for Indonesian Capsule Hotel Operator Bobobox
Horizon Ventures and Alpha JWC Ventures led a USD11.5m Series A for Indonesia-based capsule hotel operator Bobobox, with participation from Kakao Investment, Sequoia’s Surge, and Mallorca Investments. Read More
Actis Sells South Korean Twin-Tower Office Building Young City for USD447.5m
Actis, through its Actis Asia Real Estate fund, has sold South Korea-based twin-tower office building Young City to a consortium of local institutional investors for USD447.5m. The asset came under Actis’ control after the acquisition of the Asia unit of Standard Chartered’s Principal Finance Real Estate in 2018. Read More
Quona Capital Leads USD15m Investment in Colombian Fintech ADDI
Fintech and financial inclusion-focused fund manager Quona Capital led a USD15m investment in Colombia-based fintech ADDI, with participation from existing investors Andreessen Horowitz and monashees, and new investors Foundation Capital and S7 Ventures. Read More
Rabo Equity Exits 29.81% Stake in India’s Daawat Foods for USD17.23m
India-focused private equity firm Rabo Equity Advisors has fully exited its 29.81% stake in Daawat Foods, a subsidiary of Mumbai-listed rice exporter LT Foods, via a sale to United Farmers Investment Company for USD17.23m. Read More
KKR Invests USD1.5b in Indian Telecom Company Jio Platforms for 2.3% Stake
KKR has agreed to invest USD1.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 2.3% stake. With this investment, Jio has received over USD10b in the past month from Facebook, Silver Lake, Vista Equity Partners, and General Atlantic. Read More
Xiang He Capital Leads USD30m Series C+ for Chinese Data Company Sensors Data, Morningside Capital, DCM Capital, Sequoia, and Warburg Join
Xiang He Capital led a USD30m Series C extension for China-based data company Sensors Data, with participation from Morningside Venture Capital, DCM China, Warburg Pincus, Sequoia Capital China, Linear Venture, and FutureCap. Warburg Pincus led the company’s USD44m Series C in 2018. Read More
Reflex Capital and J&T Ventures Invest USD2.2m in Czech AI-Enabled Scouting Startup Leadspicker
Reflex Capital and J&T Ventures have made a EUR2m (approximately USD2.2m) seed investment in Czech Republic-based AI-enabled scouting startup Leadspicker. Read More
DPI Invests USD56m in Tunisian Tomato Processor SICAM
Africa-focused private equity firm Development Partners International (DPI) has invested USD56m in Tunisia-based tomato processor Société Industrielle des Conserves Alimentaires (SICAM) through African Development Partners III (ADP III). Read More