IFC and Alta Growth Capital Invest USD9.8m in Mexico’s Lottus Education
IFC and existing investor Alta Growth Capital invested USD9.8m in Mexico-based higher education company Lottus Education. Read more… Read More
Nubank, Global Founders, Sequoia and Matrix Lead USD45m Series B for Indian Neobank Jupiter
Brazil-based Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners India led a USD45m Series B for India-based neobank Jupiter, with participation from Mirae Assets Venture and follow-on from investors including Addition Ventures, Tanglin VC, 3one4 Capital, Greyhound and Beenext. The new round values the company at a reported USD300m+… Read More
ECP, A.P. Moller Capital, DEG and IFU to Invest in Africa-Focused Eranove
Emerging Capital Partners (ECP), A.P. Moller Capital, DEG and Investment Fund for Developing Countries (IFU) created a new company called ECP Power & Water Holding through which they will invest in Africa-focused power and water developer Eranove Group. Read more… Read More
IG4 Capital Acquires ~34% Stake in Peru’s Aenza for USD58m
IG4 Capital, through IG4 Private Equity Fund II and managed accounts, acquired a 33.87% stake in Aenza, a Peru-based infrastructure platform, for USD58m. IG4 Capital, now the company’s largest shareholder, will also deploy an additional USD22m to invest in convertible debentures alongside a syndicate of creditors to secure working capital… Read More
Carlyle to Fully Exit India’s SBI Life
The Carlyle Group agreed to sell its remaining 1.9% stake in SBI Life, an India-based life insurer, through multiple block deals for a reported USD289m. Read more… Read More
Openspace Reaches USD120m First Close for Southeast Asia Growth Fund
Openspace Ventures reached a USD120m first close for its debut growth fund focused on Southeast Asian tech. Read more… Read More
SoftBank Leads ~USD116m Series C for Brazilian ERP Omie
SoftBank led a ~USD116m Series C for Omie, a Bazilian ERP for SMEs, with participation from Dynamo, VELT, Hix Capital, Bogari Capital and Brasil Capita, and follow-on from Riverwood Capital and Endeavor Catalyst. Read more… Read More
General Atlantic and SoftBank Lead ~USD125m Round for Brazilian Digital Protecion Platform unico
General Altantic and SoftBank led a ~USD125m round for unico, a Brazilian digital identity protection platform, with participation from Big Bets and Micky Malka (Ribbit Capital), at a reported USD1b+ valuation. Unico raised a ~USD116m round from SoftBank and General Atlantic in 2020. Read more… Read More
SoftBank Leads ~USD30m Series B for Brazilian Investment Brokerage Avenue Securities
SoftBank led a ~USD30m Series B for Avenue Securities, a US-based investment brokerage bridging US opportunities with Brazilian retail investors, with participation from Igah Ventures. Igah Ventures made an undisclosed investment in 2020. Read more… Read More
PAG Reaches USD525m Final Close for China Growth Fund
PAG reached a USD525m final close for PAG Growth II. The vehicle will target minority positions in high-performing companies in technology-enabled sectors primarily in Greater China. Read more… Read More
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