ARCH Emerging Markets Partners’ Africa Renewable Power Fund has agreed to invest USD40m in CrossBoundary Energy, a pan-African investment fund focused on commercial and industrial solar services, in a secondary transaction that will see initial investors in the fund exit. Read more… Read More
African Infrastructure Investment Managers (AIIM), through its newly incorporated Digital Infrastructure Investment Holdings platform, and existing investor STOA, a foreign investment vehicle based in France, led a ZAR1.5b (approximately USD97m) investment in MetroFibre Networx, a South Africa-based open access fiber network operator. AIIM invested ZAR980m (approximately USD64m) for… Read More
DEG has agreed to commit up to USD11.8m to Vinci Impact and Return Fund IV, a fund managed by Vinci Partners. The vehicle will invest in SMEs across the education, health care, IT, and environmentally friendly consumer goods sectors in Brazil. Read more… Read More
EB Capital has acquired a 55% stake in Brazil-based e-commerce platform for tools and machines Loja do Mecânico for BRL550m (approximately USD101m). The transaction reportedly brings the company’s valuation to BRL1b (approximately USD183m). Read more… Read More
A consortium led by CITIC Capital and Caixin Global has agreed to fully exit its investment in ISI Emerging Markets Group, a market intelligence provider originally founded in Hong Kong, via a sale to Montagu. The transaction is expected to close by year-end. Read more… Read More
Aqua Capital has agreed to acquire Verde Agrícola, a Brazil-based reseller of spare parts for agricultural machinery, for an undisclosed amount. Read more… Read More
TA Associates has agreed to acquire a 60% stake in India-based OmniActive Health Technologies for USD150m, facilitating an exit for Everstone Capital and several HNIs. Everstone held a 35% stake in the company. Read more… Read More
Investcorp has acquired a majority stake in Singapore-based instant cereal and beverage company Viz Branz from the company’s CEO, Mr. Ben Chng. Read more… Read More
FMO and Ezdehar have agreed to jointly acquire a 25% stake in Egypt-based solvent and water-based resin manufacturer Eagle Chemicals Group from 8 Miles for an estimated USD15m each. Read more… Read More
Novastar Ventures led a USD2m seed round for Turaco, a Kenya-based insurtech with operations in Kenya and Uganda, with participation from Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acorn, and follow-on from angel investors. Read more… Read More
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