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Fen Ventures, Magma Partners, and Fondo Alerce Invest USD1.3m in Chilean Proptech Houm
Fen Ventures, Magma Partners, and Fondo Alerce have invested USD1.3m in Chile-based proptech Houm. The startup will use the investment to raise brand awareness and expand its marketplace within Chile. Read More
Growmore Group to Acquire Lithuanian Retail Bank Medicinos Bankas
UAE-based global investment and financial services conglomerate Growmore Group has agreed to acquire Lithuania-based retail bank Medicinos Bankas. Read More
Linear Capital Reaches USD110m First Close for Fourth Venture Fund
China-based VC Linear Capital has reached a USD110m first close for its fourth venture fund, a USD-denominated vehicle. Read More
GIC, Farallon Capital, and HPS Investment Partners Acquire Bain Capital’s Stake in Latin American CRM-BPO Provider Atento in Debt-for-Equity Deal
GIC, Farallon Capital Management, and HPS Investment Partners have agreed to acquire Bain Capital’s shares in Latin America CRM and BPO company Atento in exchange for their notes. The debt-for-equity deal will give HPS a 25% stake in Atento, while GIC and Farallon will own 22% and 15%, respectively. The deal is subject to regulatory approvals in Brazil and Mexico.… Read More
Everstone Exits Singapore’s Human Capital Management Firm Excelity Group to Ceridian
India- and Southeast Asia-focused private investment group Everstone Capital has fully exited Singapore-based payroll processing and human capital management firm Excelity Group to US-based NASDAQ-listed human resource management software provider Ceridian. Everstone first invested in Excelity in 2015. Details of the transaction were undisclosed. Read More
Vista Equity Partners Invests USD1.5b for 2.3% Stake in Indian Telecom Company Jio Platforms
Private equity firm Vista Equity Partners 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. Facebook and Silver Lake recently invested USD5.7b and USD750m, respectively, for 9.99% and 1% stakes in the company. Read More
Vantage Capital Exits South African Optical Network Operator Vumatel
Africa-focused private credit fund manager Vantage Capital has fully exited South Africa-based optical network operator Vumatel. Vantage Capital originally provided financing to the company in 2016 and recently achieved the exit through the refinancing of Vumatel’s debt by a consortium of South African banks. Read More
Florida State Board of Administration Commits USD100m to Patria Investimentos Infrastructure Fund IV
Florida State Board of Administration (SBA) has agreed to commit USD100m to Patria Investimentos Infrastructure Fund IV, a fund managed by Brazil-focused private equity firm Patria Investimentos. The vehicle, targeting USD2.8b, has secured USD1.6b in commitments to date. Read More
Exfinity Ventures and IAN Fund Lead USD5.1m Series A for Indian Multilingual AI Platform Vernacular.ai
India-based VC Exfinity Ventures and India-based angel investor network IAN Fund led a USD5.1m Series A for India-based Multilingual AI-based voice automation services platform Vernacular.ai, with participation from existing investors Kalaari Capital, AngelList, and LetsVenture. Read More
Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand Lead USD1.7m Seed Investment for Estonian Fintech askRobin
VCs Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand led a USD1.7m seed investment for askRobin, an Estonia-based fintech focused on underbanked customers in Latin America. A number of tech entrepreneurs from Estonia participated in the round, including Pipedrive Co-Founder Ragnar Sass and Salv Founder Taavi Tamkivi. Read More
Canary Leads USD600k Seed Investment for Brazilian SME-Focused Digital Energy Manager Clarke Energia
Canary Ventures led a USD600k seed investment for Brazil-based SME-focused digital energy manager Clarke Energia, with participation from Fundação Estudar Alumni Partners (FEAP). Read More
Grafton Capital Invests USD20m in Cyprus’ AI Developer Omilia
UK-based VC Grafton Capital has invested USD20m in Omilia, a Cyprus-based AI developer for customer support. Read More