A consortium of investors led by Goldman Sachs Asset Management and including AlpInvest Partners, LGT Capital Partners and Partners Group completed a USD900m stapled secondary for BPEA. The consortium acquired interests in BPEA’s fifth and sixth funds and made a USD270m commitment to Fund VIII. BPEA recently merged with EQT. Read More
Sequence Ventures reached a EGP150m (~USD8m) first close for its Egypt Deep-Tech Fund. The vehicle aims to acquire companies operating in a range of tech sectors, including healthtech, fintech, edtech, proptech, logistics and DevOps. Read more… Read More
Oxyzo, the lending arm of India-based OfBusiness, raised a USD200m Series A at a reported USD1b valuation led by Alpha Wave Global, Tiger Global, Norwest Venture Partners, Matrix Partners and Creation Investments. Read more… Read More
China-based AV maker WeRide raised USD400m at a reported USD4.4b valuation from investors including state-owned automaker GAC and German auto parts supplier Bosch, with participation from Carlyle Group and others. Read more… Read More
Vantage Capital provided USD10m in mezzanine funding to Egypt-based PE firm Compass Capital to fund the acquisition of six grade-A office buildings in East Cairo. Read more… Read More
Catalyst Private Equity reached an EGP450m (~USD24m) first close for its Catalyst Capital Egypt Fund, a new impact-oriented vehicle targeting investments in SMEs in Egypt and the Middle East. The fund has a EGP1b (~USD54m) target. Read more… Read More
Tencent led a USD180m Series C for Jeeves, a US-based expense management platform with operations in Latin America, Canada and Europe, at a reported USD2.1b valuation, with participation from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, FT Partners, Clocktower Ventures, Urban Innovation Fund, Haven Ventures, Gaingels and Spike… Read More
Saudi Arabia-based B2B marketplace Sary led a USD22.5m Series A for Pakistan-based B2B e-commerce startup Jugnu, with participation from Sarmayacar and Systems Limited. Read more… Read More
EQT, through its EQT Mid Market Asia III fund, acquired a majority stake in China-based pest control operator Guardian Shanghai Hygiene Service for an undisclosed amount. Read more… Read More
EverSource Capital, through its Green Growth Equity Fund, acquired a majority stake in India-based EV fleet operator Lithium Urban Technologies for an undisclosed amount, facilitating an exit for Lightrock and IFC. Read more… Read More
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