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Actis Acquires BioTherm Energy from Denham Capital
Global growth markets investor Actis has acquired South Africa-based renewable energy provider BioTherm Energy from Denham Capital, a global energy-focused private equity firm. BioTherm, which currently manages a 288-megawatt portfolio of wind, solar, and biogas projects in operation and under development, plans to partner with Actis to grow its operations across Africa. Denham originally invested ZAR1.5 billion (approximately USD147 million)… Read More
BPEA Acquires Acuon Capital from J.C. Flowers & Co.
Baring Private Equity Asia (BPEA) has acquired South Korea-based consumer finance and leasing company Acuon Capital, facilitating an exit for financial services-focused buyout firm J.C. Flowers & Co. Acuon, which mamnages a USD3.9 billion loan portfolio, was formed through the merger of three South Korea-based lending businesses. The company plans to use its partnership with BPEA to accelerate its growth… Read More
Banco Inter Raises USD330 Million in Share Offering
Brazil-listed digital banking services provider Banco Inter has raised BRL1.24 billion (approximately USD330 million) via a share offering on Brazilian stock exchange B3. Japan-based technology conglomerate SoftBank Group reportedly acquired shares equivalent to an 8 percent stake in the company for approximately BRL760 million (USD201 million) as part of the offering. Banco Inter offers fee-exempt banking accounts, loans, and insurance… Read More
China Renaissance Closes Huaxing New Economy Fund III with USD943 Million in Commitments
China Renaissance, a China-based asset manager, has reached a final close for its Huaxing New Economy Fund III with RMB6.5 billion (approximately USD943 million) in commitments. Investors in the fund include the National Council for Social Security Fund, as well as banks, insurance companies, funds of funds, and endowments. The fund will target China-based technology, business services, consumer internet services,… Read More
Alteria Capital Closes Maiden India Venture Debt Fund at USD140 Million
India-focused venture debt fund manager Alteria Capital has reached a final close for its maiden India venture debt fund with INR9.6 billion (approximately USD140 million) in capital commitments. Investors in the fund include IndusInd Bank, the Small Industries Development Bank of India, and the Azim Premji Foundation, as well as multiple high-net-worth individuals. The fund will target early- and growth-stage… Read More
Rain Secures USD2.5 Million Seed Round from 500 Startups, Vision Ventures, and Blockwater
Rain, a Bahrain-based cryptocurrency exchange platform, has secured a USD2.5 million seed funding round from venture investors 500 Startups and Blockwater; corporate investors BitMEX, Vision Ventures, Taibah Valley, CMT Digital, and Compound.finance; and a number of high-net-worth individuals. The company, which recently obtained its Crypto-Asset Module license from the Central Bank of Bahrain, plans to utilize the funding to improve… Read More
Openspace and SEEDS Capital Lead Series A Round for Nutrition Technologies
Southeast Asia-focused venture capital fund manager Openspace Ventures and SEEDS Capital, the early-stage investment arm of Enterprise Singapore, have led a Series A funding round for Singapore-based sustainable animal feed producer Nutrition Technologies. The company, which uses a combination of bacteria and black soldier fly larvae to extract nutrients from agricultural by-products, plans to utilize the new capital to establish… Read More
Cogito Capital Reaches USD62 Million First Close for Debut Fund
China-focused venture capital fund manager Joy Capital has reached a final close for its latest fund with USD700 million in capital commitments. The fund received commitments from existing investors in previous Joy Capital funds, as well as public pension funds and insurance companies. The fund will target early- and growth-stage companies in the technology, media, telecommunications, and consumer sectors in… Read More
Satin Creditcare Secures USD9.4 Million Debt Financing Led by responsAbility
Impact investment fund manager responsAbility Investments has led a USD9.4 million debt financing round for Satin Creditcare Network, an India-based microfinance institution focused on lending to women from rural and semi-urban areas. responsAbility provided the three-year senior loan with a bullet repayment schedule, in which the interest will be repaid every half-year. The funds will be used to grow Satin… Read More
CDC Leads USD21 Million Series C Round for Indifi
UK development finance institution CDC Group has led an INR1.5 billion (approximately USD21 million) Series C funding round for India-based online business loan broker Indifi Technologies. Other participants in the round include global private equity fund manager Accel Partners and impact investing firms Elevar Equity, Omidyar Network, and Fair Finance Fund. Indifi, which connects small and medium-sized enterprises with lending… Read More
TCV Agrees to Lead USD400 Million Series F Investment in Nubank
Global technology-focused growth equity fund manager TCV has agreed to lead a USD400 million Series F investment in Brazil-based digital banking and financial services provider Nubank. Other investors in the funding round include Singaporean sovereign wealth fund GIC, as well as existing investors Tencent Holdings, DST Global, Sequoia Capital, Dragoneer Investment Group, Ribbit Capital, and Thrive Capital Partners. The company… Read More
Schroders to Acquire Majority Stake in BlueOrchard Finance
Global asset manager Schroders has agreed to acquire a majority stake in global impact investment fund manager BlueOrchard Finance. After the completion of the acquisition, BlueOrchard, which manages assets worth approximately USD3.5 billion, will maintain its current management team, processes, and strategies. Financial details of the transaction were not disclosed. Read More