Kotak Investment Advisors, through its Kotak Special Situations Fund, has invested INR3.5b (~USD47.6m) in India-based payment solutions provider AGS Transact Technologies in the form of non-convertible debentures. Read more… Read More
Matrix Partners China led a USD90m Series E2 for China-based online corporate training services provider Yunxuetang, with participation from Sequoia Capital China and Hundreds Capital. Tencent Holdings led the USD100m first tranche of the Series E in January 2021. Read more… Read More
Vinci Partners has reached a BRL1b (~USD173m) final close for Vinci Impacto e Retorno IV. The vehicle will invest in medium-sized companies operating in the healthcare, education, retail, IT and food sectors in Brazil. Read more… Read More
TCV led a BRL735m (~USD130m) Series C for Brazil-based content distribution platform Hotmart, with participation from Alkeon Capital. Read more… Read More
Criterion Africa Partners has sold the forestry and sawmilling business of its portfolio company Peak Timbers to Shiselweni Forestry Company, a subsidiary of ZARX-listed TWK Investments, for an undisclosed amount. Read more… Read More
Taaleem Management Services, an Egypt-based higher education platform backed by Riyada Managers, has raised EGP2.057b (~USD131m) in an IPO on the EGX. The listing consisted of a secondary sale of a 49% stake in the company held by Riyada Managers, which retains a 20% stake. Read more… Read More
Anthemis Exponential Ventures led a USD7m round for NOW Money, a Dubai-based fintech that provides digital accounts, low-cost remittances and other financial services to migrant workers, with participation from Knuru Capital, Wamda, Commercial Bank of Dubai, DIFC FinTech Fund, Accion Venture Lab, Greenhouse Capital and Hambro Perks’ Oryx… Read More
Meridiam has agreed to invest USD48m in pan-African data center developer Raxio Group as part of a partnership that will help develop a network of data centers in Africa. Raxio’s founding equity partner Roha Group invested alongside Meridiam. Read more… Read More
KKR and Sequoia Capital India led a USD234m investment in India-based non-banking financial company Five Star Business Finance, with participation from Norwest Venture Partners and TVS Capital, at a reported USD1.4b valuation. The deal facilitated an exit for Morgan Stanley Private Equity Asia. Read more… Read More
MC Global Edtech Investment Holdings led a USD460m tranche as part of the ongoing Series F for Indian edtech Byju’s, with participation from B Capital, Baron Global Advantage Fund, Arison Holdings, TCDS India and TIGA India. MC Global Edtech Investment Holdings invested USD224m. Read more… Read More
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