Accel-KKR has reached a USD640m final close for its Emerging Buyout Partners Fund, a vehicle targeting investments in software and tech-enabled services companies in emerging markets, with a focus on small-cap companies. Read more… Read More
AXIAN has committed an undisclosed amount to the African Development Partners III (ADP III), a pan-African, consumer-focused fund managed by Development Partners International (DPI). Read more… Read More
Ascent Capital, Investcorp, the Investment Corporation of Dubai, DFC, and Allana Group led a USD121m Series C for fresh seafood and meat e-commerce platform FreshToHome. Iron Pillar, which led the company’s Series B, contributed USD19m to the round. Read more… Read More
TPG invested USD221.7m in South Korea-based Kakao Bank through subscription of new shares.The deal reportedly values the internet bank arm of Kakao Corp at an estimated USD8.3b. Read more… Read More
YF Capital led a USD315m Series E for ZKH Industrial Supply, a China-based distribution platform for industrial products, with participation from China Structural Reform Fund, CIC Capital, and two funds involving Xiamen C&D. Existing investors Genesis Capital, Eastern Bell Capital, Tencent Holdings, Tiger Global Management, Matrix Partners China,… Read More
Astella Investimentos has invested a BRL8m (approximately USD1.4m) seed round for Gove, a Brazilian intelligence platform for managing municipal finance. Read more… Read More
Jungle Ventures led a USD10m Series B for India-based workforce management platform Betterplace, with follow-on from Unitus Ventures, 3one4 Capital, and Venture Highway. Read more… Read More
KawiSafi Ventures led a USD13.5m Series B for Angaza, a US- and Kenya-based pay-as-you-go technology platform enabling consumer access to essential products in emerging markets. Total Carbon Neutrality Ventures, the VC arm of broad energy company Total, participated in the round and existing investors Ajax Strategies, Emerson Collective,… Read More
CDC Group has invested an additional USD40m in Liquid Telecom, an pan-African fiber, data center, and cloud technology provider, after investing USD180m in 2018. Read more… Read More
Warburg Pincus has partially exited Converge ICT Solutions, a Philippines-based broadband operator, via the company’s USD600m IPO on the Philippine Stock Exchange. Warburg Pincus maintains a 13.8% stake. Read more here and here… Read More
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