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Ardian Acquires 49% Stake in Two Peruvian Solar Power Plants
Ardian has acquired a 49% stake in two Peruvian solar power plants, namely Tacana Solar and Panamericana Solar, from Spanish renewable energy company SolarPack, which retains a controlling stake. Read More
Delaware Public Employees Commits USD30m to IDG Capital’s China Venture Fund VI
US-based pension fund Delaware Public Employees’ Retirement System (DPERS) has committed USD30m to venture capital and private equity investment firm IDG Capital’s China Venture Capital Fund VI. Read More
Phatisa, DEG, Mbuyu Capital, and Norfund Acquire Malawian Agtech Farming and Engineering Services
Phatisa Food Fund II and a group of co-investors including DEG, Mbuyu Capital, and Norfund, have acquired Malawi-based agtech Farming and Engineering Services (FES). The consortium bought the FES stake originally held by Phatisa’s inaugural African Agriculture Fund. Read More
Northstar Group Reaches USD260m First Close for Fifth Southeast Asia Fund
Southeast Asia-focused private equity fund manager Northstar Group has reached a USD260m first close for Northstar Equity Partners V, a Southeast Asia-focused fund with a target of USD800m. Read More
Hillhouse Capital Acquires 1% Stake in India’s United Breweries for USD40m
Hillhouse Capital has acquired a 1% stake in India-based beer maker United Breweries for USD40m. Read More
Mediterrania Capital Reaches USD310m Final Close for Fund III
Africa-focused growth equity fund manager Mediterrania Capital Partners has reached a EUR286m (approximately USD310m) final close for its third Africa fund. The vehicle targets SMEs in North, West, and Central Africa. Read More
LOGOS, Ivanhoé Cambridge, and Bouwinvest Reach USD800m First Close for China Logistics Development Venture
LOGOS, CDPQ’s real estate investment arm Ivanhoé Cambridge, and Dutch institutional investor Bouwinvest reached a USD800m first close for LOGOS China Logistics Venture 4. An unnamed GCC-based (Gulf Cooperation Council) investor also partnered on the venture. Read More
Shorooq Partners Leads USD5.8m Series A for Dubai’s VR Mobile App 360VUZ
UAE-based venture capital firm Shorooq Partners led a USD5.8m series A for Dubai-based virtual reality mobile app 360VUZ, with participation from KBW Ventures, Media Visions, Vision Ventures, Hala Ventures, and 500Startups. Careem founder Magnus Olsson, Maktoob founder Samih Toukan, and former managing director of Facebook Middle East Jonathan Labin also participated in the round. Read More
ADB Ventures Reaches USD50m Final Close for Debut Fund
ADB Ventures, the VC unit of the Asian Development Bank, has reached a USD50m final close for its first impact fund with commitments from Clean Technology Fund, Nordic Development Fund, Finland’s Ministry for Foreign Affairs, and the Republic of Korea’s Ministry of Economy and Finance. Read More
DEG Invests up to USD10m in Kenyan Retailer Naivas
German development finance institution DEG has agreed to invest up to USD10m in Kenya-based grocery retail distributor Naivas, along with co-investors Amethis Finance and IFC. Read More
Legend Capital and SoftBank Invest USD150m in Didi Chuxing’s Bike-Sharing Unit
Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, and SoftBank have invested USD150m in ride-hailing company Didi Chuxing’s bike-sharing unit Qingju. Didi invested USD850m, bringing the total commitments to USD1b. Read More
Warburg Pincus to Acquire Additional 17.11% Stake in China Auto Retailer (CAR) for USD145m
Warburg Pincus has agreed to acquire an additional 17.11% stake in Hong Kong-listed car rental service provider China Auto Rental (CAR) for USD145m. The purchase will bring Warburg’s stake in the company to 27.22%, making it the majority shareholder. Read More