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Ore Investments Reaches USD46m First Close for Ore Mining Private Equity I FIP
Brazil-based private equity firm Ore Investments has reached a USD46m first close for its mining-focused fund Ore Mining Private Equity I FIP. Read More
Sequoia Capital, Hillhouse Capital, and DST Invest USD150m Series E for South Korea’s Kurly
Existing investors Sequoia Capital, Hillhouse Capital, and Digital Sky Technologies (DST) led a USD150m Series E for South Korea-based online grocery delivery startup Kurly. The company is reportedly now valued at USD780m. Read More
Qiming Venture Partners Reaches USD1.1b Final Close for Fund VII
China- and US-focused venture capital fund manager Qiming Venture Partners has reached a USD1.1b final close for its Qiming Venture Partners Fund VII. The vehicle targets early-stage health care and TMT investments. Read More
SoftBank Invests USD48m in Brazilian Online Pet Product Retailer Petlove
SoftBank invested USD48m from its Latin America fund in Brazil-based online pet product retailer Petlove to accelerate the company’s growth to meet higher demand for online services during the social isolation mandated by Brazilian authorities. Latin American VCs KaszeK Ventures and monashees, as well as PE firm Tarpon invested previously. Read More
DEG to Provide USD40m in Financing to Kenya’s ETG Group
German development finance institution DEG has agreed to provide USD40m in financing to Kenya-based agricultural commodity trader and supply chain manager ETG Group. Read More
LGT Lightstone Latin America Leads USD80m Series E for Brazilian Logistics Startup CargoX
LGT Lightstone, the impact investing arm of global bank and alternative investment fund manager LGT, led a USD80m Series E for Brazil-based transportation startup CargoX with follow-on from Valor Capital, Goldman Sachs Growth Equity, and Farallon Capital. Read More
H.I.G. Capital Leads USD65m Investment in Brazil’s Modern Logistics
Global private equity fund manager H.I.G. Capital led a USD65m investment in Brazil-based full service logistics firm Modern Logistics through a convertible debt with participation from other investors including unnamed family offices. Modern Logistics is also backed by Brazilian fund manager DXA Investments. Read More
LGT Lightstone Aspada Leads USD7m Series A for Indian Healthtech Akna Medical
LGT Lightstone Aspada, the India-focused impact investment arm of LGT Lightstone, led a USD7m Series A for India-based healthtech Akna Medical. Read More
Wafra International Investment Company Leads USD20.6m Series A for UAE’s Agtech Pure Harvest Smart Farms
Kuwait-based asset management firm Wafra International Investment Company led a USD20.6m Series A for UAE-based agtech Pure Harvest Smart Farms. Wafra has invested USD10m in the company as part of a multi-stage investment commitment of USD100m to support expansion in the Middle East. Read More
A.P. Moller Acquires Kenya’s IberAfrica from Naturgy
A.P. Moller Capital has acquired Kenya-based thermal power plant IberAfrica from energy sector-focused multinational group Naturgy. Read More
Kibo Capital Partners Acquires Majority Stake in Mozambican Tertiary Education Group Transcom
Africa-focused private equity fund manager Kibo Capital Partners has acquired a majority stake in Mozambique-based tertiary education group Transcom for an undisclosed amount. Read More
KKR, PDLT, Tencent, IFC, and IFC Asset Management Commit USD120m to Philippines’ Voyager Innovations
A consortium of investors including KKR, PDLT, Tencent Holdings, IFC, and IFC Asset Management’s Emerging Asia Fund, has agreed to commit up to USD120m to Philippines-based tech company Voyager Innovations. This investment follows a USD215m round from the same group of investors in 2018. Read More