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Bayland Capital Leads ~USD10m Series C for China’s SocialMed+ Technology
Bayland Capital led a ~USD10m Series C for SocialMed+ Technology, a China-based artificial intelligence digital marketing platform focused on the pharmaceutical industry, with follow-on from Long Hill Capital. Read More
Actis and Mahindra Lifespaces Establish Joint Venture in India
Actis and Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, agreed to establish a joint venture to develop industrial and logistics real estate facilities across India. Read More
WaterBridge Ventures Leads USD2m Seed Round for India’s BimaKavach
WaterBridge Ventures led a USD2m seed round for India-based insurtech BimaKavach, with participation from Blume Ventures, Arali Ventures and Eximius Ventures. Read More
Brazil’s Pátria Investimentos Raises ~USD193m for its Patria Private Equity VII
Pátria Investimentos reached a BRL1b (~USD193m) final close of its seventh flagship private equity fund. Patria Private Equity VII will invest in commodities, distribution, logistics, food and beverage, health and education companies in Brazil, Chile, Colombia and Peru. Read More
Mubadala Capital Leads ~USD106m Round for Brazil’s CERC
Mubadala Capital led a BRL550m (~USD106m) round for CERC, a Brazil-based receivables processor and clearing services provider, with follow-on from Valor Capital. Read More
Africa50 To Invest in Morocco’s Holged Group
Africa50 agreed to invest in Holged Group, a Morocco-based company operating sixteen primary and secondary school campuses across four education brands in Morocco and Tunisia. Read More
Skandia and Accial Capital Launch Skandia Alternative Compartimiento Impacto Private Capital Fund in Colombia
Skandia and Accial Capital launched Skandia Alternative Compartimento Impacto Private Capital Fund, a credit financing fund to strengthen the fintech sector in Colombia and promote initiatives that generate a social impact. Read More
Integral Venture Partners Invests in Romania’s Medima Health
Integral Venture Partners, through its Evolving Europe Principal Investments I fund, invested in Medima Health, a Romania-based medical clinic chain specializing in imaging and radiology, through a combined capital increase and secondary share purchase. Read More
Osool & Bakheet and iMENA’s Rua Growth Fund Leads USD10m Round for Saudi Arabia’s ZenHR
Rua Growth Fund, a joint venture of Osool & Bakheet Investment Company and iMENA Group, led a USD10m investment in ZenHR, a HR software provider based in Saudi Arabia, with follow-on from Endeavor Catalyst and others. Read More
AIIM To Invest Up To USD150m To Create Commercial Cold Holdings
African Infrastructure Investment Managers (AIIM), through its AIIF4 and IDEAS funds, agreed to invest up to USD150m to establish cold chain logistics platform Commercial Cold Holdings (CCH) with partners Bauta Logistics and Mokobela Shakati; AIIM will hold a 59.2% stake in CCH. To seed the platform, AIIM and its partners agreed to acquire CCS Logistics, an operator of temperature-controlled facilities in… Read More
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