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
DFC has committed USD35m to Root Capital, a US-based impact investor that provides financing to farmers and small agricultural businesses in Latin America, sub-Saharan Africa and Southeast Asia. Read more… Read More
KKR, GL Ventures and Vision Plus Capital led a USD200m Series C for Hetao101, a China-based edtech that provides computer programming courses for children, with follow-on from Source Code Capital and Huaxing Growth Capital. Read more… Read More
Mohamed Yousuf Naghi Group, AlTouq Group, Derayah Ventures, B&Y Venture Partners, AbdulMohsin Al Houkair Holding Group and Nazer Group invested a USD20m Series A for Dubai-based cloud kitchen operator iKcon (Innovative Kitchen Concepts). Read more… Read More
Gulf Capital has invested an additional USD30m in portfolio company ART Fertility Clinics, a UAE-based provider of fertility treatment services, to expand its operations to India. Gulf Capital acquired 100% of ART Fertility Clinics for over USD100m in January 2020. Read more… Read More
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