DP World and CDC Group formed a partnership to invest USD1.72b to develop port infrastructure in Africa, with a primary focus on Senegal, Egypt and Somaliland. Read more… Read More
Source Code Capital reached a CNY7b (~USD1.1b) final close for its fifth CNY-denominated fund targeting early-stage investments in China. Read more… Read More
Affirma Capital reached a KRW543b (~USD473m) final close for Ascenta V, its fifth South Korea-focused fund. The vehicle will focus on midcap buyouts and growth capital investments in South Korea as well as co-investments in the wider Asia-Pacific region. Read more… Read More
My.Games Venture Capital invested USD3m in three Eastern European game studios: Voxter, Tworogue Games and WideView Games. Read more… Read More
AfricInvest, through AfricInvest FIVE, invested an undisclosed amount in Burkina Faso-based insurance company RAYNAL Assurances IARD Burkina Faso, facilitating an exit for pan-African financial group SUNU. Read more… Read More
Rocket Internet, Global Founders and P1 Ventures led a USD5m seed round for Morocco-based fintech and B2B e-commerce Chari.ma, with participation from Plug and Play, Y Combinator, Village Capital, Orange Ventures, Air Angels, SPE Capital, Pincus Capital Management, Reflect Ventures, the Chandaria family and others. Read more… Read More
Blackstone agreed to acquire a majority stake in Switzerland- and UAE-based visa services company VFS Global from EQT Private Equity and Kuoni and Hugentobler Foundation for an undisclosed amount. Read more… Read More
Summit Africa reached a ZAR1.6b (~USD106m) final close for Summit Private Equity Fund I. The vehicle will target investments in the healthcare, education, financial services and ICT services sectors in South Africa, Namibia, Lesotho and Eswatini. Read more… Read More
Qatar Investment Authority led a USD175m Series F for Rebel Foods, an India-based dark kitchen operator, at a reported USD1.4b valuation, with follow-on from Coatue and Evolvence. Read more… Read More
Huaxing Growth Capital reached a USD550m first close for its fourth USD-denominated fund, targeting investments in innovative, tech-driven companies in China. Read more… Read More
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