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FMO Invests USD13.5m in African Microfinance Group COFINA
Dutch development finance institution FMO has invested EUR12.5m (approximately USD13.5m) in African microfinance group Compagnie Financiere Africaine (COFINA) via two transactions: a EUR7.5m (approximately USD8.1m) investment in Cofina’s subsidiary in Senegal and a EUR5m (approximately USD5.4m) investment in Cofina Côte d’Ivoire. Read More
Genesis Capital Acquires Czech Call Center Operator Conectart from KKCG
Central Europe-focused private equity fund manager Genesis Capital has acquired Czech Republic-based call center operator Conectart from private investment group KKCG through Genesis Private Equity Fund III (GPEF III). Read More
LitCapital Exits Lithuanian Temperature-Controlled Logistics Company NNL LT
Lithuania-focused growth capital firm LitCapital has exited Lithuania-based temperature-controlled logistics company NNL LT to the founders of the company. Read More
GGV Capital Leads USD230m Series A for Chinese MRO Unit of JD.com
Asia- and North America-focused venture capital firm GGV Capital led a USD230m Series A for JD MRO, a subsidiary of China-based JD.com that delivers industrial maintenance, repair and operations (MRO) products and services, with participation from Sequoia Capital China and CPE. Read More
Cepheus Growth Capital Partners Invests in Lion Brands
Ethiopia-focused fund manager Cepheus Growth Capital Partners has made an undisclosed investment in Ethiopia-based fast-moving consumer goods manufacturer East African Lion Brands Manufacturing Share Company. Read More
ECP-Backed Mukura Acquires Malawi Assets of South African Fintech Zoona
Emerging Capital Partners-backed money transfer operator Mukura has acquired the Malawian assets of South Africa-based fintech Zoona. The details of the transaction are undisclosed. Read More
General Atlantic Invests USD870m in Indian Telecom Company Jio Platforms for 1.34% Stake
General Atlantic has invested USD870m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 1.34% stake. Facebook, Silver Lake, and Vista Equity Partners recently invested in the company and hold 9.99%, 1%, and 2.3%, respectively. Read More
Oria Capital Invests USD6.8m in Brazilian HRtech Gupy
Brazilian private equity manager Oria Capital has invested BRL40m (approximately USD6.8m) in Brazil-based HRtech Gupy. Read More
Sequoia China and Tencent Invest USD244m in Property Management Unit of China’s Shimao Property
Sequoia Capital China and Tencent have invested a combined USD244m in the property management unit of China-based Shimao Property. Sequoia and Tencent invested USD130m and USD114m, respectively. Read More
Chiratae, Accel, and Bain Invest USD3.3m in Indian Online Rental Marketplace Rentomojo
India-focused VC Chiratae Ventures, Accel Partners, and Bain Capital have invested USD3.3m in India-based online rental marketplace Rentomojo. Accel now holds ~26% in the startup, while Chiratae and Bain Capital hold ~25% and ~9%, respectively. Read More
Ninety One and Rand Merchant Bank Ventures Partially Exit Consumer Goods Platform Kamoso Africa to Botswana Development Corporation
Ninety One, formerly known as Investec Asset Management, and Rand Merchant Bank Ventures have sold partial stakes in Botswana-based consumer goods supplier and distributor Kamoso Africa to Botswana Development Corporation (BDC). Ninety One and RMBV retain a controlling stake in the company, while BDC holds a 24% stake. Read More
Saama Capital Leads ~USD6m Series A for Indian Agtech Intello Labs, Omnivore, Nexus Venture Partners, and Others Join
India-focused early-stage venture capital firm Saama Capital led a ~USD6m Series A for India-based agtech Intello Labs, with participation from existing investors Omnivore and Nexus Venture Partners, and from new investors Grow and SVG Ventures-Thrive. Read More