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Earlybird Digital East, Stride.VC and Launchub Ventures Invest USD4.5m in Seed Round for Romania’s Sessions
Earlybird Digital East, Stride.VC and Launchub Ventures invested USD4.5m in a seed round for Sessions, a Romania-based video conferencing platform. Read More
Canary Leads USD6m Pre-Seed Round for Colombia’s Bia
Canary led a USD6m pre-seed round for Bia, a Colombia-based real-time energy consumption analytics platform for SMEs, with participation from Nazca, 8VC, GFC, Marathon Ventures, MatterScale Ventures and Opera Ventures. Read More
General Atlantic and Kedaara Capital Lead ~USD188m in India’s ASG Eye Hospitals; Investcorp To Exit
General Atlantic and Kedaara Capital invested INR15b (~USD188m) in ASG Eye Hospitals, an India-based eye hospital chain. The transaction is expected to provide an exit for Investcorp, which invested INR750m (~USD12m) in the company in 2017 through IDFC Private Equity Fund IV. Read More
Ninety One, TriLinc Global, Others Provide USD425m in Financing to Ghana’s Genser Energy
Genser Energy, a Ghana-based natural gas independent power producer, closed an eight-year USD425m financing package consisting of a USD325m syndicated senior loan facility and a USD100m mezzanine loan. Standard Bank of South Africa, Absa Bank, Société Générale, Mauritius Commercial Bank, Ninety One, Barak Fund and the Development Bank of Southern Africa provided the senior loan facility. Trafigura, Barak Fund and… Read More
KKR India Financial Services Merges with India’s InCred
KKR’s non-banking financial company (NBFC) KKR India Financial Services merged with India-based lender InCred. The combined business will operate under the InCred Finance brand with a USD600m balance sheet and ~USD300m equity base. Read more here. Read More
Ruya Partners Invests ~USD20m in Saudia Arabia’s Energia
Ruya Partners provided SAR75m (~USD20m) in financing to Energia, a Saudi Arabia-based temporary power solutions provider. Read More
Coller Capital and Hahn & Company Acquire South Korea’s Ssangyong C&E for ~USD1.5b Through Continuation Fund
Coller Capital and Hahn & Company acquired South Korea-listed cement manufacturer Ssangyong C&E for ~USD1.5b through a single-asset continuation vehicle. Hahn & Company first invested in the company in 2012 and acquired a controlling stake in 2016. Read More
Silicon Badia Leads USD12m Series A for Egypt’s Cartona
Silicon Badia led a USD12m Series A for Cartona, an Egypt-based B2B e-commerce platform, with participation from SANAD Fund for MSME, Arab Bank Accelerator and Sunny Side Ventures, and follow-on from Global Ventures and Kepple Africa Ventures. Read More
Seedstars Reaches USD20m First Close for Second Seed Fund
Seedstars reached a USD20m first close for its second emerging markets seed fund with commitments from IFC, Visa, Rockefeller Foundation, Symbiotics and others. Read More
ESR Reaches USD1b First Close for Asia Pacific-focused Debut Data Center Fund
ESR reached a USD1b first close for its debut Data Centre Fund 1. The vehicle has a hard cap of USD1.5b and invests in data center projects across Asia. Read More
BAI Capital Reaches USD700m Final Close for Inaugural China Venture Fund
China-based BAI Capital reached a USD700m final close of its inaugural venture fund. Formerly known as Bertelsmann Asia Investments, the firm will back Chinese companies that are part of the country’s structural reform, in areas including renewable energy, autonomous driving, and software-driven industrial upgrade solutions, as well as Chinese companies expanding overseas, in areas including retail, fintech, media and web3.… Read More
Amethis Exits Ivory Coast’s Pétro Ivoire To State-owned CNPS
Amethis exited its minority stake in Pétro Ivoire, an Ivory Coast-based retail distributor of oil and gas, to state-owned Caisse Nationale de Prévoyance Sociale (CNPS) for an undisclosed amount. Amethis first invested in the company in July 2013 and sold part of its stake through a leveraged management buyout in March 2018. Read More