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EFA Group Reaches First Close of Fund
Singapore-based alternative asset manager EFA Group has reached a first close for its Asia-Pacific direct-lending fund. The fund, targeting USD300m, provides term loans secured against real assets to established companies in Southeast Asia, Australia, and New Zealand. The amount raised so far is undisclosed. Read more» Read More
Denham Capital Invests USD250m in Latin American Power Generation Company Ceiba Energy
Global energy and resources-focused private equity fund manager Denham Capital has agreed to invest USD250m in Ceiba Energy, a Latin America-focused owner and developer of power generation projects with assets in Mexico, Colombia, Brazil, Chile, Panama, and Peru. Read more» Read More
China Venture Fund of Funds Unicorn Capital Partners Raises USD353.5m First Close for Fund III
China-focused venture capital fund of funds Unicorn Capital Partners has reached a first close for Unicorn Partners Fund III with USD353.5m in commitments from 64 investors, according to a US SEC filing. Read more» Read More
Metier Sustainable Capital Fund II Reaches USD113m First Close
Metier has received USD113m million in commitments and has called a first close of its second Sustainable Capital Fund, MSC II. The fund will target renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa. MSC II secured commitments from Germany’s development finance institution DEG (Deutsche Investitions und Entwicklungsgesellschaft mbH), Dutch entrepreneurial development bank FMO (Financierings-Maatschappij voor Ontwikkelingslanden… Read More
AfricInvest Exits Polymedic to NBK Capital Partners
Pan-African private equity fund manager AfricInvest has exited its stake in Polymedic, a Morocco-based pharmaceuticals manufacturer, to Middle East and North Africa-focused alternative investment firm NBK Capital Partners. Polymedic produces generic medications across 12 therapeutic areas of treatment. NBK will now hold a majority stake in the company alongside Foursan Capital Partners, a private equity firm based in Jordan. AfricInvest… Read More
RattanIndia Power’s Debt to Be Acquired by Goldman Sachs & Varde Partners for USD566 Million
A Goldman Sachs- and Varde Partners-led coalition of investors have agreed to acquire all of the outstanding debt of India-based power generation company RattanIndia Power from the company’s 12 existing lenders for INR40.5 billion (USD566 million). The face value of the portfolio is INR65.8 billion (USD919 million). The settlement is the first to be concluded since the implementation of the… Read More
GoMechanic Raises USD15 Million in Series B Round Led by Chiratae Ventures and Sequoia Capital
India-based automotive services provider GoMechanic has received INR1.1 billion (approximately USD15 million) in a Series B funding round led by India-focused venture capital firm Chiratae Ventures and global venture capital investor Sequoia Capital. Existing investor Orios Venture Partners also participated in the round. GoMechanic operates a network of automotive repair workshops across India whose services can be booked online. The… Read More
Wamda Capital Invests in FlexxPlay
Middle East and North Africa-focused venture capital fund manager Wamda Capital has invested in UAE-based employee benefits provider Flexxpay. The investment is reportedly part of a larger funding round that includes the company’s existing individual and corporate investors. Through its cloud-based platform, Flexxpay provides employees with services such as advanced access to earned salary and commission. The company plans to… Read More
Goldman Sachs Exits CSS to IHS, Invests in Melhortaxa
Global investment banking and asset management group Goldman Sachs, along with family office Centaurus Capital, has agreed to sell Brazil-based telecommunications infrastructure provider Cell Site Solutions (CSS) to IHS Towers, an owner and operator of telecommunications infrastructure predominantly focused on Africa. Financial details of this transaction, which is subject to regulatory approval, were not disclosed. CSS operates approximately 2,290 towers… Read More
Lenskart Raises USD275 Million from SoftBank Vision Fund
Lenskart, an India-based eyewear retailer, has raised USD275 million in funding from the Softbank Vision Fund. The transaction comprised both a capital increase and the acquisition of existing shares from early investors in the company. Lenskart intends to use the investment to further improve its technology and strengthen its supply-chain infrastructure. Read More
Quantiphi Receives USD20 Million from Multiples
India- and US-based enterprise software company Quantiphi has secured USD20 million in Series A funding from India-focused private equity firm Multiples Alternate Asset Management. Quantiphi offers applied artificial intelligence, machine learning and big data solutions to companies around the world. The company reportedly intends to use the new capital to deepen its presence in North America and Europe and invest… Read More
Accion Sells Stake in Bancompartir to Credicorp
Accion, a global financial inclusion-focused investor, has successfully exited its investment in Banco Compartir (Bancompartir), a Colombia-based microfinance institution, as part of the company’s acquisition by Credicorp, a Latin America-focused financial services holding company. Bancompartir was founded as a collective finance organization for survivors of a volcanic eruption in the Colombian Andes in 1985. Accion first partnered with the company… Read More