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B Capital Leads ~USD60m Series B for Indian Fintech Khatabook
Venture capital firm B Capital Group led a ~USD60m Series B for India-based SME-focused fintech Khatabook, with participation from existing investors Sequoia India, Partners of DST Global, Tencent, and GGV Capital. New investors RTP Global, Hummingbird Ventures, Falcon Edge Capital, Rohit Bahl, Rocketship.vc, and Unilever Ventures also participated in the round. Read More
Anthemis Exponential Ventures Leads USD6m Series A for Kenyan Agtech Apollo Agriculture, Accion Venture Lab and Others Join
Anthemis Exponential Ventures, a partnership between Anthemis Group and Exponential Ventures, led a USD6m Series A for Kenya-based Apollo Agriculture, a financing and products platform for small farmers, with participation from existing investors Accion Venture Lab and Newid Capital, and new investors Leaps by Bayer, Flourish Ventures, Sage Hill Capital, To Ventures Food, and Breyer Labs. Read More
Actis Exits Ghanaian Commercial Bank GHL Bank
Actis has exited its majority stake in Ghana-based commercial bank GHL Bank to FirstRand Group subsidiary First National Bank Ghana. Read More
Benson Oak Fully Exits Eastern European Online Broker Klikpojisteni.cz to TA Associates- and MCI EuroVentures-Backed Netrisk
Czech Republic-based VC Benson Oak Capital and co-investors have sold 100% of their stakes in Czech Republic- and Slovakia-focused online insurance brokerage Klikpojisteni.cz to Hungary-based online insurance brokerage operator Netrisk Group, a company majority-owned by TA Associates and minority-owned by MCI EuroVentures. Read More
ClearVue Partners Leads USD30m Series C+ for Chinese Smart Car Wash Company 1km
China-focused private equity firm ClearVue Partners led a USD30m Series C extension for China-based smart car wash company 1km. PICC Capital Equity Investment and Centurium Capital led the first two tranches of the Series C, bringing the total funding raised to date to USD84m. Read More
China’s CDH Reaches Combined USD824m Close for RMB and USD Funds
China’s CDH Venture and Growth Capital has reached a USD324m first close for its second RMB-denominated fund and an approximately USD500m final close for its second USD-denominated fund. Both vehicles will target investments in the health care, industry and consumer innovations, as well as AI and advanced technology sectors in China. Read More
IFC to Invest USD26m in L Catterton Latin America Fund III
International Finance Corporation has agreed to invest USD26m in L Catterton Latin America Fund III. The vehicle will target small to mid-sized companies in the consumer sector in Latin America, with an eye to women-led businesses. Of the USD26m invested by IFC, USD1m was provided by the Women Entrepreneurs Finance Initiative (We-Fi), a partnership between 14 countries and multilateral banks… Read More
Indico Capital Partners Invests ~USD2.8m in Brazilian Online Therapy Platform Zenklub
Portugal-based VC Indico Capital Partners has invested BRL16.5m (approximately USD2.8m) in Brazil-based online therapy and wellness platform Zenklub. Read More
Jeneration Capital Leads USD80m Series E for Chinese Fitness App Keep
China-focused investment firm Jeneration Capital Management led a USD80m Series E for Chinese fitness app Keep, with follow-on from GGV Capital, Tencent, Morningside VC, and Bertelsmann Asia Investments. Read More
MBK Fund V Reaches USD6.5b Final Close to Target North Asia
North Asia-focused private equity fund manager MBK Partners has reached a USD6.5b final close for its fifth buyout fund. The vehicle will target the consumer, retail, financial services, telecommunications, and media sectors in China, South Korea, and Japan. Over 80 LPs reportedly subscribed to the fund, including Teachers’ Retirement System of the State of Illinois, Los Angeles County Employees Retirement… Read More
AMP Capital and Stonepeak Invest USD145m in Mezzanine Financing to Support the Acquisition of Taiwanese Offshore Wind Farm Developer Swancor
AMP Capital and Stonepeak Infrastructure Partners have provided USD145m in mezzanine financing to support the acquisition of Taiwan-based offshore wind farm developer Swancor Renewable Energy. The investment will fund the construction of Formosa II, a 376 MW offshore wind farm. Read More
DEG Provides USD12m Loan to Myanmar’s Hospital Operator Asia Royal Company
German development finance institution DEG has agreed to provide a USD12m long-term loan to Myanmar-based hospital operator Asia Royal Company to support the modernization and expansion of its Yangon-based hospital. Read More