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Sanabil Investments, Gulf Investment Corporation, and Olayan Invest USD35m in UAE’s SellAnyCar.com
Saudi Arabia Public Investment Fund subsidiary Sanabil Investments, Gulf Investment Corporation (the partial sovereign wealth fund owned equally by the six Gulf Cooperation Council states), and Olayan Financing Company have invested USD35m in UAE-based online marketplace SellAnyCar.com. Read more» Read More
Gulf Capital Leads USD40m Series D for Middle East Healthtech Vezeeta
Middle East- and Africa-focused private equity fund manager Gulf Capital led a USD40m Series D for healthcare platform Vezeeta, with participation from existing investor Saudi Technology Ventures. Read more» Read More
Inspired Evolution II Fund Invests in Gigawatt Global’s Solar Project
Africa-focused energy infrastructure investor Inspired Evolution has invested in US-Israeli developer Gigawatt Global’s solar project in Burundi via its Evolution II Fund. The deal is structured as a combined investment and construction loan giving Inspired Evolution a controlling stake in the project. Read More
EverSource Capital Acquires Mumbai’s Origin Renewables
EverSource Capital, a joint venture between private equity firm Everstone Capital and LightSource BP, has acquired Mumbai-based renewable energy company Origin Renewables for an undisclosed amount. Read More
DOMO, Indicator Capital, and Devas Invest ~USD1.4m in Brazilian Fintech IOUU
VC firm DOMO Invest led a BRL6m (approximately USD1.4m) investment in IOUU, a lending marketplace for Brazilian small businesses, with participation from Indicator Capital and Devas Invest. Read More
Warburg Pincus Makes Undisclosed Investment in Singapore’s Circles.Life
Warburg Pincus has made an undisclosed investment in Singapore-based mobile virtual network operator Circles.Life. Existing investors include Sequoia Capital India, EDBI, and Founders Fund. Read More
Eight Roads Leads USD25m Series C for Bangalore’s MoEngage With Participation From Matrix Partners and F-Prime Capital
Eight Roads Ventures led a USD25m Series C in San Francisco and Bangalore-based customer analytics and engagement platform MoEngage, with participation from Matrix Partners India, F-Prime Capital, and Ventureast. Read More
Advent International Exits Colombia’s OCENSA Oil Pipeline via Secondary Sale to I Squared Capital
I Squared Capital, through its ISQ Global Infrastructure Fund II, has acquired an indirect equity interest in OCENSA, the operator of the largest crude oil pipeline in Colombia, from Advent International. This transaction represented an exit for Advent International. Details of the transaction were not disclosed. Read more» Read More
IFC-Led Consortium to Acquire 54% Stake in Africa’s AAR Healthcare Holdings for USD15m
Hospital Holdings Limited, an investment consortium led by the IFC, has agreed to acquire a 54% stake in AAR Healthcare Holdings, an operator of hospitals and clinics in Kenya and other East Africa countries, for USD15m. Hospital Holding’s other investors include Sweden’s State-owned investment company Swedfund and other private entities. Read more» Read More
INVL Reaches USD181m Final Close for Baltic Sea Growth Fund
Lithuania-based firm INVL Asset Management has reached a EUR165m (approximately USD181m) final close for its INVL Baltic Sea Growth Fund. The vehicle will focus on growth capital, buyout, and “buy and build” investments in the Baltic states and neighboring markets. The European Investment Bank’s EIF was an anchor investor in the fund, with Estonia’s LHV pension funds and INVL pension funds… Read More
Redpoint eventures Leads USD4m Seed Round for Brazilian Proptech Kzas
Redpoint eventures led a USD4m seed investment in Kzas, a Brazilian proptech platform matching residential sellers and buyers. Read More
General Atlantic Makes Follow-on Investment in Indian Edtech Byju’s
General Atlantic has made an undisclosed investment in Indian edtech company Byju’s, following an undisclosed investment from Tiger Global Management in January 2020. According to TechCrunch, the round totalled USD200m and that Byju’s is now valued at USD8b. Read more» Read More