AfricInvest has agreed to sell its 30% stake in Tunisia-based geotechnical and foundation engineering company Hydrosol Foundations to Groupe Ginger for an undisclosed amount. Read more… Read More
Goldman Sachs has agreed to invest INR11.25b (approximately USD150m) in India-based biopharmaceuticals company Biocon Biologics. True North and Tata Capital Growth Fund invested in the company earlier this year. The transaction is subject to approvals. Read more… Read More
Nexus Venture Partners led a USD2.15m seed round for Singapore-based sales productivity platform Nektar.ai, with participation from Insignia Venture Partners, Arka Venture Labs, Better Capital, and Vietnam Investments Group. Read more… Read More
Innova Capital has invested an undisclosed amount in Poland-based cosmetics company Bielenda Kosmetyki. Innova Capital will also support the company in the acquisition of the Dermika and Soraya brands from Orkla Group. The transaction is pending approval from the Polish Office of Competition and Consumer Protection. Read… Read More
EXEO Capital and Stellenbosch Graduate Institute (SGI) have jointly acquired South Africa-based Pearson Institute of Higher Education to expand access to higher education across South Africa and, selectively, in wider Africa. Read more… Read More
SN Power AS has signed a binding agreement to acquire Vietnam-based wind farm Dam Nai Wind Power from Armstrong South East Asia Clean Energy Fund, a fund managed by Armstrong Asset Management. The transaction is expected to close in Q1 2021. Read more… Read More
Jada Investments, a fund-of-funds owned by Saudi Arabia’s Public Investment Fund (PIF), has signed an investment agreement with the Saudi Alpha Financial Fund for Private Equity to invest in Saudi SMEs in the food and beverage sector. Read more… Read More
SoftBank Vision Fund 2 led a USD180m Series C for Chinese edtech VIPThink, with participation from Sinovation Ventures, Alpha Animation CEO Dongqing Cai’s family foundation, private educational services provider New Oriental, DCM, and Enlight Growth Partners. Read more… Read More
GIC has invested BRL425m (approximately USD76m) in Sankhya, a Brazil-based supplier of business management systems, for a significant minority stake. Read more… Read More
Existing investors EIT InnoEnergy, FirstFloor Capital, MM Grupp, and Harju Elekter have invested a EUR41.3m (approximately USD48m) Series D for Skeleton Technologies, an Estonian manufacturer of ultracapacitor-based energy storage products. Read more… Read More
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