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Kotak Special Situations Fund Invests USD69m Debt and Equity in India’s Jindal Stainless
Kotak Special Situations Fund, managed by Kotak Investment Advisors, has invested INR5b (approximately USD69m) in debt and equity in Indian stainless steel producer Jindal Stainless for a 5% stake in the company. The debt transaction includes the purchase of debentures to help Jindal Stainless come out of corporate debt restructuring. Read More
Wamda and Nour Nouf Knowledge Invest USD1.5m in Saudi Edtech Aanaab
Middle East- and North Africa-focused venture capital fund manager Wamda Capital and Saudi Arabia-based foundation Nour Nouf Knowledge Company have invested USD1.5m in Saudi edtech Aanaab. The platform offers professional development courses in Arabic to teachers and educators. Read More
AFC Leads USD63m Investment in Renewable Energy Project in Djibouti with Participation from FMO and Others
Development finance institution and project developer Africa Finance Corporation is leading a USD63m deal to construct and operate a 60MW wind project in Djibouti. Dutch development bank FMO, Great Horn Investment Holdings, and Climate Fund Managers are also participating. Read More
Starboard Acquires Brazilian Oil & Gas Provider Ouro Preto
Brazil-focused fund manager Starboard Restructuring Partners Group has purchased Brazil-based oil & gas provider Ouro Preto for an undisclosed amount. Read More
Orpea Increases Stake in Patria-Backed Brazil Senior Living to 50%
The Brazilian subsidiary of Orpea, a France-based long-term care provider, increased its equity stake in Brazil Senior Living (BSL), a joint venture between Orpea and Patria Investments, to 50%. Read More
Jacob Ballas India and Resurgence PE Fully Exit Religare Finvest in Sale to Religare Enterprises for USD8m
Religare Enterprises has acquired an additional 14.36% stake in Indian SME lender Religare Finvest (RFL) from private equity investors Jacob Ballas India and Resurgence PE for INR560m (approximately USD8m). Post the acquisition, RFL has become a wholly-owned subsidiary of the company. Read More
Amethis Acquires Minority Stake in Kenyan Retailer Naivas
Africa-focused private equity firm Amethis Finance has acquired a 30% stake in Kenya-based grocery retail distributor Naivas via its Amethis Fund II. Read More
XP, BMG, BTG Pactual’s Boostlab, and Bossa Nova Invest USD85m in Brazilian Car Rental Startup Vai.Car
XP Investimentos led a BRL380m (approximately USD85m) investment in Brazilian car rental startup Vai.Car. BMG, BTG Pactual’s Boostlab, and Bossa Nova Investimentos participated in the round. Read More
CBC Group Reaches USD300m Final Close for Private Credit Fund Targeting Healthcare in China
Asia Pacific-focused private equity firm CBC Group has reached a USD300m final close for its private credit fund targeting the healthcare sector in China. Read More
I Squared Capital to Exit Solar Platform Chenya Energy via Sale to Japan’s Marubeni
Global infrastructure investment manager I Squared Capital has agreed to sell its stake in Taiwan-based solar development, construction, and operating platform Chenya Energy to Japan’s Marubeni Corporation. Read More
Mediterrania Capital Partners Appoints Rajaa Berrkia as Director of Sustainability
Africa-focused growth equity fund manager Mediterrania Capital Partners has appointed Rajaa Berrkia, formerly Operations Director, as Director of Sustainability. In her new role, Rajaa will be coordinating, implementing, and providing strategic supervision of Mediterrania Capital Partners’ impact investing process and research. Read More
I&P IPAE Fund, BIO, and ACEP International Launch Africa-Focused Microfinance Group
The impact investment fund I&P Afrique Entrepreneurs, the Belgian Investment Company for Developing Countries (BIO), and ACEP-International have joined forces to create ACEP Group, a new microfinance group targeting African entrepreneurs. Read More