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ChrysCapital Holds Final Close for Its Seventh Fund with More than US$600m in Commitments (Asia)
India-focused private equity firm ChrysCapital Management has reached a final close for ChrysCapital VII with more than US$600 million in capital commitments. Investors in the fund include sovereign wealth fund Government of Singapore Investment Corporation (GIC), private equity fund of funds Asia Alternatives Management, Harvard Management Company, global insurance companies, university endowments and family offices. The fund will invest in… Read More
Kejora Ventures and K2 Venture Capital Lead Seed Round for MoneyTable (Asia)
Venture capital firms Kejora Ventures and K2 Venture Capital have led a US$1.5 million seed round for Thailand-based fintech company MoneyTable. Individual investors Chatchaval Jiaravanon and Chualapayap Srikarnchana also participated in the round. MoneyTable plans to use the new capital for working capital and customer base expansion. Read More
Capitalworks to Acquire Aon Shareholding in 10 Sub-Saharan African Countries (Sub-Saharan Africa)
Sub-Saharan Africa-focused alternative asset management firm Capitalworks has agreed to acquire Aon’s shareholding in its African insurance brokerage and employee benefit operations in Angola, Kenya, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Tanzania, Uganda and Zambia. Financial details of the transaction, which is pending regulatory approval, were not disclosed. Once regulatory approval is obtained, the new group will trade under a new… Read More
Creditas Raises US$19 Million from IFC, Redpoint eVentures, Quona Capital and Others (Latin America)
Brazil-based digital credit platform Creditas has raised BRL60 million (approximately US$19 million) in equity and debt funding in a Series B round led by development finance institution International Finance Corporation (IFC), with participation from new investor Naspers Fintech and current shareholders Redpoint eVentures, KaszeK Ventures, QED Investors and Quona Capital. Creditas will use the capital to develop new distribution channels… Read More
Orios Venture Partners II Closes with US$75 Million in Commitments (Asia)
India-focused venture capital firm Orios Venture Partners has closed its second fund with US$75 million (approximately INR5 billion) in capital commitments. More than 80 percent of the fund’s corpus was raised from domestic investors. The fund will focus on seed and Series A investments in online consumer technology and software-as-a-service (SaaS) startups. Read More
Metier-backed Sindila Hydropower Project Starts Construction (Sub-Saharan Africa)
The Sindila hydropower project, a Uganda-based 5.25 megawatt run-of-river project, reached financial close on 30 January 2017 and commenced construction. The project’s shareholders include private equity and alternative asset fund manager Metier, developer KMRI, concessions and investment company WK Power and Fieldstone Africa Investment Resources, while development finance institution OPIC provided debt. Metier invested through Lereko Metier Sustainable Capital. Sindila… Read More
Amethis Finance and Metier Invest in Kenafric Industries (Sub-Saharan Africa)
Sub-Saharan Africa-focused private equity firms Amethis finance and Metier have acquired a minority stake in Kenya-based Kenafric Industries’ packaged food business. Kenafric manufactures and distributes confections, snacks, ready-to-drink juices and other food products. Kenafric plans to use the new capital to broaden its product range. Financial details of the transaction were not disclosed. Read More
Darby Private Equity Invests in Unilink (CEE and CIS)
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has completed a mezzanine investment in Poland-based insurance company Unilink. Darby invested through Darby Converging Europe Fund III. The new funds will strengthen Unilink’s balance sheet and provide capital for acquisitions. Financial terms of the transaction were not disclosed. Read More
Injaro Exits NAFASO (Sub-Saharan Africa)
West Africa-focused impact investment fund manager Injaro Investments has exited its 30 percent stake in Burkina Faso-based seed producer NAFASO to the company’s founders and other undisclosed shareholders. Injaro originally invested in NAFASO in March 2013 through Injaro Agricultural Capital Holdings. Financial details of the transaction were not disclosed. Read More
Nexxus Capital to Invest in Translatum Holding (Latin America)
Mexico-focused private equity fund manager Nexxus Capital has agreed to invest in Mexico-based Translatum Holding, a holding company to develop a fintech payments platform. TransNetwork, the first component of Translatum, is a company in the business-to-business (B2B) electronic domestic and cross-border processing and payments industry. Nexxus will invest through Nexxus VI. Financial details of the transaction, which is subject to… Read More
FIP Brascan Exits Brasoil to PetroRio (Latin America)
The Brascan Petroleum, Gas and Energy Fund (FIP Brascan), which is advised by Brookfield Asset Management subsidiary BRKB, has exited a 29.2 percent stake in Brazil-based oil and gas exploration and production company Brasoil to PetroRio, which now holds a 52.4 percent stake in the company. Financial terms of the transaction, which is subject to certain conditions including approval by… Read More
Accion Venture Lab Exits Clip (Latin America)
Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, has sold its stake in United States- and Mexico-based digital payment solutions provider Clip to an undisclosed buyer. Accion Venture Lab originally invested in Clip in February 2013. Financial details of the transaction were not disclosed. Read More