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India’s Jai Kisan Raises USD50m Equity and Debt Series B First Tranche
India-based rural fintech Jai Kisan raised USD50m in equity and debt in the first tranche of its Series B round at a reported USD200-240m valuation. GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures, as well as existing investors Blume Ventures, Arkam Ventures, Mirae Asset Capital and Snow Leopard Ventures invested equity. Northern Arc, Alteria and MAS Financial provided… Read More
Carlyle and Advent International To Acquire Up to a Combined 20% Stake in India’s YES BANK for USD1.1b
Carlyle and Advent International each agreed to acquire up to a 10% stake in India-listed commercial bank YES BANK for a combined USD1.1b. The deal includes USD640m in equity shares and USD475m in warrants. Read more here, here and here. Read More
India’s Jai Kisan Raises USD50m Debt and Equity Series B from GMO Venture Partners, Yara Growth, Blume Ventures, Others
India-based rural fintech Jai Kisan raised USD50m in debt and equity in a first close of its ongoing Series B from GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures, and existing investors Blume Ventures, Arkam Ventures, Mirae Asset, Snow Leopard Ventures and others. The debt funding was provided by Northern Arc, Alteria and MAS Financial. In 2021, Jai… Read More
Vinci Partners To Acquire Brazil’s SPS Capital
Vinci Partners agreed to acquire SPS Capital, a Brazil-based alternative asset manager with BRL2b (~USD376m) in assets under management, for an undisclosed amount. Read More
Shorooq Partners Leads USD4.5m Pre-seed Round for Pakistan’s DealCart
Shorooq Partners led a USD4.5m pre-seed round for Pakistan-based social commerce platform DealCart, with participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Rally Cap Ventures and angel investors. Read More
Sequoia Capital and Kleiner Perkins Lead USD17.6m Seed Round for Pakistan’s Dbank
Sequoia Capital Southeast Asia and Kleiner Perkins led a USD17.6m seed round for Pakistan-based fintech Dbank, with participation from Nubank, Askari Bank and Rayn. Read More
Sunman Group Acquires Romania’s Noriel Group; Enterprise Investors Exits
Enterprise Investors through its private equity fund Polish Enterprise Fund VII has sold its 100% stake in Romania-based toy manufacturer Noriel Group to Turkey-based Sunman Group for an undisclosed amount. Enterprise Investors acquired Noriel in 2016 from Axxess Capital and Noriel’s founders for EUR24m (~USD24m).Read more here. Read More
AfricInvest Exits Cote d’Ivoire’s Bridge Group West Africa
AfricInvest through its funds AfricInvest II and AfricInvest Financial Sector Fund exited Bridge Group West Africa, a Cote d’Ivoire-based financial services holding company controlled by Teyliom International Group, for an undisclosed amount. AfricInvest acquired a 30% stake in the company in March 2014. Read more here. Read More
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