Affirma Capital agreed to acquire a 50% stake in SeAH ESAB, a South Korea-based manufacturer of welding materials, and a 70% stake in SeAH FS, a global manufacturer of steel tubes with operations in South Korea, China, Thailand, India, Indonesia and Mexico, for USD76.9m. Read more… Read More
Tiger Global Management led a USD42m Series B for FairMoney, a neobank offering consumer credit for Nigerians, with follow-on from DST Global, Flourish Ventures, Newfund and Speedinvest. Read more… Read More
IFC, Ninety One’s EAIF, the African Development Bank (AfDB) and the Development Bank of South Africa provided EUR178m (~USD211m) in financing to develop the Kinguélé Aval hydroelectric dam in Gabon. Read more… Read More
Swedish gaming giant MTG (Modern Times Group) acquired India-based gaming platform PlaySimple for ~USD360m, providing an exit for investors including Chiratae Ventures and Elevation Capital. Read more… Read More
Novastar Ventures led an undisclosed Series B for Nigeria-based fintech TeamApt, with participation from Global Ventures, FMO, CDC Group, Endeavor Catalyst, Soma Capital, Kepple Africa, Oui Capital and angel investors. Read more… Read More
Partners Group acquired a 24.9% stake in China-based air freight forwarder company Apex Logistics from its majority owner Kuehne + Nagel for an undisclosed amount. Read more… Read More
Partners Group acquired a 24.9% stake in China-based air freight forwarder company Apex Logistics from its majority owner Kuehne + Nagel for an undisclosed amount. Read more… Read More
Index Ventures led a EUR100m (USD119m) Series C for Czech Republic-based food delivery startup Rohlik, with follow-on from Partech and Quadrille Capital, at a reported EUR1b (USD1.2b) valuation. Rohlik raised a USD230m Series B from Partech, Index Ventures, Quadrille Capital and others in March 2021. Read more… Read More
Redpoint eventures and HDI Seguros invested USD4.5m in Accountfy, a Brazil-based B2B financial planning platform. Redpoint eventures and HDI invested USD6.5m in May 2020. Read more… Read More
AfricInvest invested in DPI-backed CMGP-CAS, a merger between Moroccan irrigation systems company Compagnie Marocaine de Goutte à Goutte et de Pompage (CMGP) and Moroccan agricultural supplier Comptoir Agricole de Souss (CAS). Details of the transaction were not disclosed. Read more… Read More
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