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AIIM, Royal Bafokeng and SUEZ To Acquire South Africa’s EnviroServ From Rockwood
A consortium of investors comprising African Infrastructure Investment Managers, Royal Bafokeng Holdings and SUEZ agreed to acquire South Africa-based waste management company EnviroServ from Rockwood Private Equity for an undisclosed amount. Read more here, here and h Read More
Proparco Commits USD12m to Africa-focused Maris
Proparco, through AFD Group’s FISEA+ initiative, committed USD12m to Maris Limited, an impact investor targeting investments in startups and SMEs in the renewable energy, agriculture and business services sectors in East and Southern Africa. Read More
Tiger Global Leads USD16m Series A for Brazil’s Zippi
Tiger Global led a USD16m Series A for Zippi, a Brazil-based payroll and credit platform for independent contractors, with participation from Volpe Capital, YC, Rainfall Ventures, Globo Ventures, Hummingbird, Mantis, MSA Capital and Soma Capital. Read More
DisruptAD, Reciprocal Ventures and Shorooq Partners Lead USD22.5m Round for UAE’s NymCard
DisruptAD, Reciprocal Ventures and Shorooq Partners led a USD22.5m round for UAE-based Banking as-a-Service provider NymCard, with participation from Chimera, DFDF, Knollwood, Endeavor Catalyst, OTF Jasoor Ventures and additional new and existing investors. Read More
Vertex Growth and Brunei Investment Agency Lead USD80m Round for India’s Kissht
Vertex Growth and Brunei Investment Agency led a USD80m round for India-based small business credit platform Kissht at a reported USD400-500m valuation, with follow-on from Vertex Ventures SEA and India and Endiya Partners. Read More
IFC, March Holding, B&Y Ventures, Others Invest USD18m Series B for Lebanon’s Toters
Toters, a Lebanon-based super app that began as a food delivery service, raised a USD18m Series B from IFC, March Holding and existing investor B&Y Ventures, along with undisclosed investors. Read More
KASZEK, Clocktower, SoftBank and DILA Invest USD100m Series B for Ecuador’s Kushki
Kushki, an Ecuador-based payments infrastructure startup, raised a USD100m Series B at a reported USD1.5b valuation from KASZEK, Clocktower Ventures, SoftBank and DILA Capital. Kushki raised USD86m in the first tranche of the round earlier this month. Read More
Warburg Pincus Invest USD70m in Brazil’s Take Blip
Warburg Pincus invested USD70m in Take Blip, a Brazil-based CRM platform that operates on WhatsApp and Facebook Messenger. Read More
Fasanara Capital, MAJ Invest, Others Invest USD90m Debt and Equity Series B for India’s FlexiLoans
FlexiLoans, an India-based, SME-focused fintech lender, raised a USD90m debt and equity Series B from Fasanara Capital, MAJ Invest, the family offices of Harry Banga and Yogesh Mahansaria and existing investor Sanjay Nayar. Read more here and h Read More
Westbridge and GSV Ventures Invest USD100m Series A for India’s PhysicsWallah
Westbridge and GSV Ventures invested a USD100m Series A for PhysicsWallah, an India-based low-cost edtech startup, at a reported USD1.1b valuation. Read More
IDB Invest Provides USD250m Fixed Rate B-bond for Uruguay’s Central Railroad Line Project
IDB Invest provided a financing package to the Central Railroad Line Project in Uruguay consisting of a USD250m senior facility through a fixed rate B-bond. Read More
BaltCap To Sell Latvia’s Uprent to Renta
BaltCap agreed to sell SIA Uprent Group, a Latvia-based specialized pumping company providing dewatering and bypassing solutions in the Baltics and Poland, to Renta Group Oy for an undisclosed amount. BaltCap first invested in the company in 2016 through its BaltCap Private Equity Fund II. Read More