AfricInvest has acquired an undisclosed minority stake in Ghana-based Fidelity Bank Ghana through its two funds, AfricInvest Fund IV and FIVE (AfricInvest Financial Inclusion Vehicle), from Kagiso Tiso Holdings Proprietary. Read more… Read More
L Catterton has exited Cholula, a Mexico-based hot sauce producer and distributor, through a USD800m sale to McCormick & Company. The transaction is subject to approval. L Catterton acquired the company in 2019. Read more… Read More
Delivery Hero led a USD5.5m funding round for Quiqup, a UAE-based startup providing on-demand and same-day delivery services for retailers, with participation from Cedar Mundi, Jobi Capital, and Trasnmed. Read more… Read More
CPP Investments, through CPPIB Credit Investment Inc, has agreed to provide INR7.25b (approximately USD98m) in credit financing to back the acquisition of Indian iron ore pellets producer BMM Ispat Ltd by JSW Projects, a unit of global corporation JSW Group. Read more… Read More
Climate Fund Managers has agreed to provide up to USD40m in financing via the Climate Investor One’s Construction Equity Fund to support the development of the Niakhar Project, a solar power plant with an associated battery storage system in Senegal, as part of a joint development agreement with… Read More
Index Ventures led a USD19m Series A for Sofía, a Mexico-based telemedicine and insurance platform backed by KaszeK Ventures. Read more… Read More
An affiliate of Baring Private Equity Asia led a USD198m Series D financing for Codemao, a China-based edtech focused on coding, with participation from a range of state-owned players and investment firms. Read more… Read More
SoftBank led a BRL310m (approximately USD58m) Series D for Olist, a Brazil-based e-commerce platform for retailers, with participation from Valor Capital Group, Península, VELT Partners, FJ Labs, and Kevin Efrusy. Read more… Read More
China’s State Power Investment Corp., through its Hong Kong-based unit China Power International Holding Limited, has acquired Mexico-based renewable energy company Zuma Energía from Actis for an undisclosed amount. Read more… Read More
Africa Capital Alliance, via its Capital Alliance Private Equity IV (CAPE IV) fund, has agreed to invest USD20m in Accelerex, the parent company of Nigerian electronic payment and fintech solutions company Global Accelerex. Read more… Read More
(default archive template)