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Africa Capitalworks Acquires Stake in West Africa’s Gaselia
Sub-Saharan Africa-focused private equity firm Africa Capitalworks Management has acquired a significant minority stake in West Africa-based beverage company Gaselia Industries Group. Read more» Read More
TLcom’s TIDE Africa Fund Secures Additional USD31m Bringing Fund Total to USD71m
Telecom, media, and technology-focused venture capital fund manager TLcom Capital has secured an additional USD31m for its TIDE Africa Fund, a sub-Saharan African-focused VC fund, bringing the current fund total to USD71m. Investors include CDC who committed USD15m, the IFC, as well as South Africa’s Sango Capital and Belgium’s BIO. Read more» Read More
Ascent Capital Invests USD17.5m in Indian Pharmaceutical Startup Naari Pharma
Mid-market private equity firm Ascent Capital invested USD17.5m in Naari Pharma, an Indian pharmaceutical startup focused on products for women. Ascent portfolio company SeQuent formerly owned a 51% stake before a restructure that sold the company to the SeQuent founder’s family office in 2017. Read more» Read More
Bridge One Investimentos Invests USD5.5m in Brazil’s Involves
Brazilian trade marketing software platform Involves received BRL23.5m (USD5.5m) from Bridge One Investimentos. This is the company’s first disclosed external financing. Read more» Read More
Highlander Partners Exits Poland’s Akomex
US-based middle market private investment firm Highlander Partners has agreed to sell its stake in Poland-based packaging manufacturer Akomex Group to co-founder and minority shareholder Seabastian Śliwa, along with Central European fund manager Mezzanine Management. Read more» Read More
Baring PE India Partially Exits Manappuram Finance for USD101m
Baring Private Equity Partners India sold more than half its stake in India-based gold loan financier Manappuram Finance via a share offering worth USD101.2m. According to Baring PE India, the fund recorded a return of 6.4 times on its investment with an IRR of 29%. Baring PE India maintains a 3.12% stake in the company. Read more» Read More
Indigo Partners Partially Exits Hungary’s Wizz Air for ~USD648.5m
Indigo Partners reduced its stake in Budapest-based low-cost airline Wizz Air from 20.6% to 3.4% by selling shares worth GPB500m (~USD648.5m). The partial exit was in an effort to comply with European Union ownership rules. Read more» Read More
Unbox Capital Leads USD40m Series B in Brazilian Agtech Solinftec
Unbox Capital led a USD40m Series B round in Solinftec, a Brazilian agtech. Also included in the round was USD20m agri asset-backed debt, led by Itaú BBA and Gaia Securitizations and backed by family offices and hedge funds. TPG Art made a separate undisclosed follow-on investment in the company. Unbox Capital manages USD100m of Magazine Luiza’s Trajano family money. Read… Read More
RSBC Acquires 50% Stake in Czech Republic’s Umbrella
Investment firm RSBC has acquired a 50% stake in Czech bus service Umbrella Investment Group from the company’s owner, Pavel Steiner. Umbrella operates FlixBus, Europe’s international bus transportation company. Read more» Read More
KKR Exits South Korea’s BLK Pyeongtaek Logistics Center in Sale to Pebblestone Asset Management
Korean real estate investor Pebblestone Asset Management acquired BLK Pyeongtaek Logistics Center, a multi-tenant tech-enabled logistics facility, from a KKR-led consortium. The transaction represents an exit for its KKR Asian Fund II. Read more» Read More
KKR and Altavair Acquire Commercial Aircraft Portfolio from Etihad Airways for USD1b
KKR and Altavair AirFinance acquired a portfolio of commercial aircraft from Etihad Airways, the national airline of the United Arab Emirates for USD1b. The acquisition will be made through aircraft leasing investment platform Altitude Aircraft Leasing, which was established by KKR’s credit and infrastructure funds in 2018 to acquire aircraft serviced by Altavair. Read more» Read More
Knollwood and Lumia Capital Lead USD60m Series B for Dubai-based Startup Kitopi
VC firms Knollwood and Lumia Capital led a USD60m Series B round in Dubai-based shared kitchen and online food delivery platform Kitopi, with participation from new and existing investors including BECO, CE-Ventures, GIC, Rise Capital, Reshape, Global Ventures, and Wilshire Lane Partners. Read more» Read More