Bain Capital, through Bain Capital Tech Opportunities, invested BRL450m (~USD81.6m) for a 43% stake in Brazil-based healthcare software company Bionexo at a reported BRL1.1b (~USD199.5m) valuation, facilitating a partial exit for Prisma Capital and Apus. Read more here and here… Read More
Fat Projects Acquisition Corp. launched a USD100m SPAC on the Nasdaq. The vehicle will target technology-led businesses in the areas of supply chain, transportation, logistics, finance, sustainability, ESG, food, agriculture, e-commerce and big data in Southeast Asia. Read more… Read More
Baring Private Equity Asia secured a USD3.2b ESG-linked credit facility to support its private equity platform. The credit facility will be subject to sustainability performance targets in areas such as gender diversity and climate change. Read more… Read More
Tencent and SoftBank led a USD200m Series F for CargoX, a Brazil-based trucking marketplace, with participation from Valor Capital Group and multi-family office Oikos, and follow-on from Lightrock. Tencent and SoftBank committed USD150m of the total round. Read more… Read More
Quest Ventures and TNB Aura led a USD6.8 seed round for Singapore-based smart electric motorbike company ION Mobility, with participation from GDP Venture, Monk’s Hill Ventures, Seeds Capital and 500 Durians. Read more… Read More
Emerging markets-focused digital lender Tala raised a USD145m Series E led by Upstart, with participation from The Stellar Development Foundation’s Enterprise Fund and angel investors. Existing investors IVP, Revolution Growth and Lowercase Capital followed on. Read more… Read More
AIIM completed a ZAR5.5b (~USD370m) capital increase for its IDEAS Managed Fund, bringing the overall size of the open-ended fund to more than ZAR22b (~USD1.48b). Read more… Read More
Nigeria-based telecommunications infrastructure company IHS Towers raised USD378m in its IPO on the NYSE. The company issued 18m shares and investors including ECP, MTN, AIIM, FMO, Ninety One and Goldman Sachs sold an additional 4.5m shares. Read more… Read More
Actis reached a USD4.7b final close for its Actis Energy 5, with an additional USD1.3b in capital for co-investments, exceeding the fund’s USD4b target. The vehicle will invest in power-generation projects globally, with a focus on emerging markets. Read more… Read More
The Japanese International Cooperation Agency invested USD2.5m in Sanergy, a Kenya-based sanitation and waste management solutions company, to support the Black Soldier Fly project, its organic waste transformation effort in Nairobi and beyond. Sanergy collects organic waste and transforms it into insect feed, fertilizer and biofuel by using black soldier… Read More
(default archive template)