Maersk Growth and Raed Ventures led a USD42m Series A for Trella, an Egypt-based digital freight platform with a presence in Saudi Arabia and Pakistan, with participation from Algebra Ventures, Vision Ventures, Next Billion Ventures, VentureSouq, Foundation Ventures and Flexport. The round comprised USD30m in equity and USD12m in debt… Read More
Adenia Partners has acquired a majority stake in Herholdt’s, a distributor of low-voltage electrical and solar products in South Africa, for an undisclosed amount. Read more… Read More
KKR agreed to acquire a controlling stake in India-based personal care and beauty products company Vini Cosmetics from Sequoia Capital and the company’s founder group for USD625m. Read more… Read More
ALLVP has exited Chile-based grocery delivery platform Cornershop via a sale to Uber at a reported ~USD3b+ valuation. Read more… Read More
China Renaissance led a USD100m Series B for Amber Group, a Hong Kong-based crypto asset manager, with participation from Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, Sky9 Capital, DCM Ventures and Gobi Partners, and follow-on from Pantera Capital, Coinbase Ventures and Blockchain.com. Read more… Read More
The Carlyle Group sold a 5.1% stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR48.1b (~USD650m) in a bulk deal. In March 2021, Carlyle sold an additional 4% stake for ~INR39b (~USD540m). Read more… Read More
EVX Ventures and Boehringer Ingelheim Venture Fund led a USD24m Series A for Nuevocor, a Singapore-based developer of cardiac gene therapies, with participation from EDBI, Xora Innovation and SEEDS Capital. Read more… Read More
Singapore-based Venturi Partners reached a USD100m first close for its debut fund, which has an initial target of USD150m. The vehicle will invest in fast-moving consumer goods, education and healthcare services in India and Southeast Asia. Read more… Read More
Imperial Capital has agreed to acquire Namibia-based perishable foods company Deep Catch from a consortium of investors led by Salta Capital Ventures and including DEG for USD45m. Read more… Read More
IFC approved a commitment of up to USD10m to TIDE Africa II, a fund managed by TLcom Capital. The vehicle will make seed-to-Series A investments in tech and tech-enabled companies in East and West Africa. Read more… Read More
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