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KKR Invests USD300m for 13% Stake in India’s Advanta
KKR, through its latest Global Impact fund, invested USD300m for a 13.33% stake in Advanta Enterprises, an India-based seed subsidiary of agricultural solutions provider UPL. Read More
Basf Venture Capital leads USD10m pre-Series B round for Traive
BASF Venture Capital, the CVC arm of German chemical conglomerate BASF, led a USD10m round for Traive, a Brazilian lending platform for agricultural producers. Read More
China’s Direct Drive Tech Raises ~USD14m Series A Led by Green Pine Capital Partners and Lenovo Capital and Incubator Group
Direct Drive Tech, a China-based robotics hardware manufacturer, raised a CNY100m (~USD14m) Series A led by Green Pine Capital Partners and Lenovo, with participation from InnoVen Capital and follow-on from 5Y Capital and MiraclePlus. Read More
BII & Others Invest USD200m in African Forestry Impact Platform (AFIP)
African Forestry Impact Platform (AFIP) raised USD200m from New Forests, BII, Norfund and Finnfund, and announced its first investment, an acquisition of Green Resources, the largest East Africa-based forest development and wood processing company. Read More
Warburg Pincus Invests USD350m to Establish Singapore’s Oona Insurance
Warburg Pincus invested USD350m to establish Oona Insurance, a Singapore-based, Southeast Asia-focused digital insurance platform. Warburg seeded the platform with two acquisitions: Indonesia-based Asuransi Bina Dana Arta and Philippines-based Mapfre Insular Insurance Corporation. Read More
China’s Aion Raises ~USD2.5b Series A
Aion, the electric vehicle unit of China-based automaker GAC, raised CNY18.3b (~USD2.5b) Series A from Yingke Private Equity, Goldstone Investment, Shenzhen Capital Group, PICC Capital Investment Management and others. Read more here and h Read More
Emso Asset Management Provides ~USD15m Debt Financing for Nigeria’s Moove
Emso Asset Management provided EUR15m (~USD15m) in debt financing for Moove, a Nigeria-based vehicle financing platform for rideshare workers. Read More
Egypt’s MaxAB Raises USD40m Pre-Series B
MaxAB, an Egypt-based B2B food and grocery delivery platform, raised USD40m from ADQ, BII and Silver Lake, with follow-on from 4DX Ventures, Flourish Ventures, Beco Capital and Africa Platform Capital. Read more here and h Read More
Abris-backed Alsendo Acquires Majority Interest in Romania’s Innoship
Abris Partners-backed digital shipping platform Alsendo acquired a majority stake in Innoship, a Romania-based delivery management software provider. Read More
Zephyr Peacock-backed 20Cube Logistics to List on Nasdaq Via SPAC Merger
20Cube Logistics, a Singapore-based full-stack digital logistics platform backed by Zephyr Management, agreed to list on the Nasdaq through a SPAC merger with Evo Acquisition at a USD338m enterprise value. Zephyr first invested in 20Cube in 2013 through Zephyr Peacock Fund III. Read More
Gulf Capital Exits Tunisia’s CHO Group
Gulf Capital exited CHO Group, a Tunisia-based olive oil producer and exporter, generating an over 15% IRR. Gulf invested USD22m in CHO in December 2018 through Gulf Capital Credit Opportunities Fund II. Read More
500 Emerging Europe Invests in Turkey’s Ddosify
500 Emerging Europe invested in Ddosify, a Turkey-based developer of open-source performance testing software. Read More