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Hoxton Ventures Leads USD10m Investment in Ukranian Edtech Preply
UK-based Hoxton Ventures led a USD10m investment in Ukranian edtech Preply, with participation from European investors Point Nine Capital, All Iron Ventures, The Family, EduCapital, and Diligent Capital. A number of individual angel investors also participated in the round, including Arthur Kosten (Booking.com), Gary Swart (former CEO of Upwork), David Helgason (Founder of Unity Technologies), and Daniel Hoffer (Founder of… Read More
GreenTec Capital Partners Invests Undisclosed Amount in Ivory Coast’s Coliba
Africa-focused VC GreenTec Capital Partners has invested an undisclosed amount in Ivory Coast-based waste recycling startup Coliba. Read More
STANLIB to Acquire South Africa’s AFGRI Grain Silo Company
STANLIB Asset Management has received authorization to acquire South African grain management business AFGRI Grain Silo Company from AFGRI Agri Services via two of its PE funds, namely Infrastructure Yield Fund and Infrastructure 2 Fund. Read More
Golden Square Equity Partners to Acquire 99% Stake in Casa Mining from ARC Minerals for USD50m
Golden Square Equity Partners has entered into an agreement to acquire a 99.43% stake in gold mining company Casa Mining from London-listed ARC Minerals for USD50m. Golden Square will also assume the company’s debt of approximately USD2.3m. Read More
IPEV Board provides views on estimating fair value at 31 March 2020
The International Private Equity & Venture Capital Valuation Guidelines Board (“the IPEV Board”) has provided special guidance with respect to applying the IPEV Valuation Guidelines when estimating fair value at 31 March 2020. The alternative asset industry is strong and robust. Yet this crisis is different from crises in 2001/2 and 2008/9. The current crisis has impacted more people, more… Read More
Accel Partners and Lightspeed Invest USD1.6m in India’s Smart Dialing Platform QTalk
Global VCs Accel Partners and Lightspeed Venture Partners have invested INR120m (approximately USD1.6m) in India-based smart dialing platform QTalk. Read More
ARX Equity Partners Exits Slovenia’s DCB
Central Europe-focused private equity fund manager ARX Equity Partners has sold its interest in Slovenian health care service provider Diagnosticni Center Bled doo (DCB) to a joint venture between two insurance companies, Sava Re and Triglav, for an undisclosed amount. ARX achieved a reported cash return of 3.6 times its invested capital and an IRR exceeding 25 percent. Read More
ASA Ventures Leads USD8m Seed Round for UAE’s E-Commerce Platform ZON
ASA Ventures led a USD8m seed investment for UAE-based mobile e-commerce network ZON. Read More
Newly Launched Azur Innovation Fund Reaches USD35m First Close
The Dutch Good Growth Fund (DGGF) has entered into a partnership with Azur Partners for the launch of the Azur Innovation Fund (AIF), to target innovative high-impact startups in Africa. DGGF provided a EUR7m (approximately USD7.5m) anchor investment in the fund, which saw total commitments of EUR33m (approximately USD35m) for a first close from international and domestic investors, including German… Read More
EBRD-Backed Revo Capital Fund II Reaches USD43m First Close
Revo Capital Management has reached a EUR40m (approximately USD43m) first close for its second fund. EBRD committed EUR12.5m to the vehicle, which is targeting EUR60m to invest in early-stage technology companies in Turkey and Central and South Eastern Europe. Read More
STV and MEVP Co-Lead USD18m Series B for Online Grocery Marketplace Nana with Participation from Wamda and Others
Saudi Technology Ventures (STV) and Middle East Venture Partners (MEVP) co-led a USD18m Series B for Saudi Arabia-based online grocery marketplace Nana. Wamda Capital, Watar Partners, Saudi Venture Capital Company, as well as existing angel investors, participated in the round. Read More
IG4 Capital Reaches USD231.5m Final Close for Private Equity Fund II
Brazil-focused special situations fund manager IG4 Capital Partners has reached a USD231.5m final close for its Private Equity Fund II. IG4 has also raised additional co-investment commitments for the recently created IG4 Capital Infrastructure Investments platform that will target infrastructure and logistics assets in the Andean Region. Read More