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DPI Exits 34% Stake in Egypt’s B.TECH to Saudi Arabia’s PIF for USD150m
Saudi Arabia’s Public Investment Fund (PIF) acquired a 34% stake in Egypt-based household appliances and consumer electronics retailer B.TECH from DPI for USD150m. DPI acquired the stake in B.TECH for EGP300m (~USD34m) in July 2016 through African Development Partners II. Read More
Hong Kong’s YAS MicroInsurance Raises USD4.5m Pre-Series A Led by Noria Capital, ZEMU VC and JKL Capital
YAS MicroInsurance, a Hong Kong-based provider of microinsurance on the blockchain, raised a USD4.5m pre-Series A led by Noria Capital, ZEMU VC and JKL Capital. Read More
Temasek-affiliated 65 Equity Partners Invests USD80m in Singapore’s ShopBack
Temasek-affiliated 65 Equity Partners invested USD80m in ShopBack, a Singapore-based online shopping rewards app. Read More
Motilal Oswal Alternates Reaches ~USD551m Final Close for Fourth Private Equity Fund
Motilal Oswal Alternatives reached a INR45b (~USD551m) final close for its fourth private equity fund. India Business Excellence Fund IV will focus on consumer, financial services, life sciences and niche manufacturing sectors and will aim to deploy 10-15% of its capital in tech-enabled businesses. The Fund has made two investments to date: diagnostics chain Pathkind and tile manufacturer Simpolo. Read… Read More
BlackRock Leads USD300m Debt Round for Indonesia’s Traveloka
Indonesia-based travel platform Traveloka raised a USD300m debt round led by BlackRock, with participation from Allianz Global Investors, Orion Capital Asia and the Indonesia Investment Authority. Read More
Action Capital Leads USD12m Series A for Estonia’s Klaus
Action Capital led a USD12m Series A for Klaus, an Estonia-based customer service quality management app, with follow-on from Icebreaker, Creandum and Global Founders Capital. Read More
Pierfront Capital Reaches USD450m Final Close for Second Private Credit Fund
Pierfront Capital reached a USD450m final close for its second private credit fund, with an additional USD250m in co-investment commitments. Investors include Alberta Investment Management Corporation, AIIB, GCM Grosvenor, Manulife and Affin Hwang Asset Management. The fund will provide loans to Asia Pacific-based companies operating real assets in sectors including renewable energy, transportation, telecoms, logistics and social infrastructure. Read More
Macquarie Asset Management To Acquire Stake in Colombia’s Opain and Quiport from Grupo Argos’ Odinsa
Macquarie Asset Management, through its fund Macquarie Infrastructure Partners V, agreed to acquire 50% of Odinsa’s stake in Colombia-based airport platforms Opain and Quiport for an undisclosed amount. Odinsa is a concessions company of Grupo Argos. Read More
Lightrock Leads ~USD48m Round for Brazil’s Cortex
Lightrock led a BRL260m (~USD48m) round for Cortex, a Brazil-based data and analytics platform for marketing and sales, with follow-on from Softbank Latin America and Riverwood Capital. SoftBank led a ~USD22m Series B in June 2020. Read More
UAE’s Eat App Raises USD11m Series B Led by 500 Global, Middle East Venture Partners, Derayah VC, Others
Eat App, a UAE-based restaurant reservations platform, raised a USD11m Series B from 500 Global, Middle East Venture Partners, Derayah VC, Dallah Albaraka, Ali Zaid Al Quraishi & Brothers Company, Rasameel Investment Company and others. Read More
Alpha JWC Ventures and White Star Capital Lead USD30m Series B for Singapore’s Una Brands
Alpha JWC Ventures and White Star Capital led a USD30m Series B for Una Brands, a Singapore-based e-commerce aggregator. Read More
CrossBoundary To Invest USD60m in ENGIE Energy Access for Nigerian Mini-Grid Project
CrossBoundary Energy Access agreed to provide USD60m in project financing to energy developer ENGIE Energy Access for the construction of mini-grids that will provide electricity to 150,000 people in Nigeria. The project will also receive a performance-based grant funded by the World Bank and administered by the Rural Electrification Agency and the Nigeria Electrification Project. Read More