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Goldman Sachs Leads USD23.75 Million Series B for Twiga Foods
Kenya-based agribusiness technology company Twiga Foods has raised USD23.75 million in a Series B funding round led by global asset manager Goldman Sachs. Additional participants in the round include Twiga’s existing investors, such as venture capital firms Wamda Capital and TLcom Capital, evergreen investment company Creadev, and International Finance Corporation. The company has separately raised USD6.25 million in convertible debt… Read More
Livonia Partners Agrees to Acquire Klaasimeister
Livonia Partners, a private equity fund manager focused on the Baltic states, has agreed to acquire Estonia-based glass producer Klaasimeister. The company specializes in manufacturing energy-efficient insulated glass units for façade projects. Financial details of the transaction, which is subject to approval by the Estonian Competition Authority, were not disclosed. Read More
SEAF Caribbean SME Growth Fund Reaches USD35 Million First Close
Global SME-focused impact investment firm SEAF has reached a first close for the SEAF Caribbean SME Growth Fund with USD35 million in commitments. Investors in the fund include anchor investor Sagicor Group Jamaica, which contributed USD20 million; Sandals Resorts; Unit Trust Corporation; and the Development Bank of Jamaica. The fund plans to acquire minority stakes in Caribbean-based small- and medium-sized… Read More
Affirma Exits Remaining Stake in Varun Beverages for USD14 Million
Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity (SCPE), has exited its remaining stake in India-listed manufacturer and marketer of Pepsi brand products Varun Beverages. Affirma sold approximately 1.6 million shares in Varun on the National Stock Exchange of India for INR980 million (approximately USD14 million). SCPE first invested USD56… Read More
Adiwale Reaches USD56 Million First Close for Debut Fund
Francophone West Africa-focused growth equity fund manager Adiwale Partners has reached a first close for Adiwale Fund I with EUR50 million (approximately USD56 million) in capital commitments. Investors in the fund include the African Development Bank, which committed EUR12.5 million (USD14 million), and other development finance intuitions and commercial investors from Africa, Europe, and North America. Adiwale Fund I plans… Read More
Vertex Venture Holdings Raises USD565 Million for Latest China-Focused USD and RMB Funds
Vertex Venture Holdings, a US- and Asia-focused venture capital fund manager owned by Singaporean sovereign wealth fund Temasek Holdings, has reached a final close for its fourth USD-denominated China-focused fund. The firm has reportedly secured a total of CNY4 billion (approximately USD565 million) for the USD-denominated fund, as well as a parallel RMB fund that is yet to reach a… Read More
Mubadala and Point72 Ventures Lead USD16 Million Series B Round for Bayzat
The private capital arm of Abu Dhabi state investor Mubadala Investment Company and venture capital firm Point72 Ventures have led a USD16 million Series B investment in Bayzat, a UAE-based human resources, payroll, and employee benefits platform. Other participants in the funding round include Saudi Arabia state-owned technology company Elm, venture capital and entrepreneurship platform Endeavor Global, and technology-focused investment… Read More
Tencent Leads USD141 Million Series B Investment in Golden Technology
Hainan Golden Technology, a China-based enterprise software and data services company, has raised CNY1 billion (approximately USD141 million) in a Series B financing round led by its parent company Tencent Holdings. Shenzhen Capital Group, CDH Investments, China Investment Corporation, and China Finance Fund—as well as existing investors such as Wanda Group, Hillhouse Capital Management, Prometheus Capital, and IDG Capital—also participated… Read More
Advent and Essex Woodlands to Exit GBT to Knight Therapeutics for USD145 Million
Canada-listed pharmaceutical company Knight Therapeutics has agreed to acquire a 51 percent stake in Uruguay-based, Brazil-listed drug development and manufacturing company Grupo Biotoscana (GBT) from private capital fund managers Advent International and Essex Woodlands Healthcare Partners for BRL595.6 million (approximately USD145 million). The deal will trigger a mandatory takeover bid by Knight for the remaining 49 percent stake in the… Read More
Intudo Ventures and SMDV Lead USD7.75 Million Series A Investment in Yummy
Indonesia-based food services company Yummy has raised USD7.75 million in a Series A funding round led by Indonesia-focused venture capital fund manager Intudo Ventures and Sinarmas Digital Ventures (SMDV), the venture capital arm of Indonesia-based conglomerate Sinar Mas. Additional participants in the investment round include Southeast Asia-focused venture capital firms East Ventures, Agaeti Ventures, and Sovereign’s Capital, as well as… Read More
Ezdehar to Acquire 30 Percent Stake in Family Group
Egypt-focused private equity fund manager Ezdehar Management has agreed to acquire a 30 percent stake in Family Group, an Egypt-based logistics and automotive services company. Family Group, which was formed through the consolidation of five Egypt-based companies across the logistics value chain, plans to use the new partnership with Ezdehar to develop its technology, improve its automotive maintenance centers, and… Read More
Elevar Leads USD3 Million Series A Round for Canasta Rosa
India- and Latin America-focused impact investing fund manager Elevar Equity has led a USD3 million Series A investment in Mexico-based e-commerce platform Canasta Rosa. Other participants in the funding round include WPSS Consumer Investments and angel investors. The company, which allows micro-entrepreneurs to sell handmade products on its online marketplace, will use the funds to launch new features on its… Read More