Source Code Capital has reached a CNY3.8b (approximately USD567m) final close for its fourth RMB-denominated VC fund. Source code invests in the industrial internet of things (IIoT), intelligent manufacturing, robotics firms, and consumer-facing companies in the new consumption sector. Read more… Read More
KKR has purchased a 37.39% stake in South Korean water sewage treatment company TSK Corporation from SK E&C, Huvis, and SK Discovery. KKR will have the second largest equity ownership after Taeyoung E&C with 62.61%. Read more… Read More
Mid Europa Partners has agreed to sell 24% of its interest in Hungary-based freight and logistics company Waberer’s International to real estate investment and development business Indotek. The transaction is expected to close by Q1 2021. Read more… Read More
Stripe has agreed to acquire Paystack, a Nigeria-based fintech backed by Beenext and Ingressive Capital, for a reported USD200m+. The terms of the deal are undisclosed. Read more… Read More
Wind Ventures, monashees, and KaszeK Ventures have invested a USD12m Series A for Colombia-based e-commerce platform Chiper. Read more… Read More
Innova Capital exited logistics operator PEKAES via a sale to France-based global supply chain operator GEODIS. The terms of the transaction were undisclosed. Innova Capital also made an undisclosed investment in Polish software company STX Next. Read more about the PEKAES exit or STX investment… Read More
SEAF Morocco Growth Fund acquired an undisclosed stake in Deepsense, a biometrics security company providing an instant identity verification solution that detects online fraud attempts. Read more… Read More
Enterprise Investors, through its Polish Enterprise Fund VII, has acquired an additional 35% stake in Croatia-based frozen bakery products producer and retailer Pan-Pek from Ivan Parać, the company’s founder. The transaction increases EI’s interest in the company to 100%. Read more… Read More
Summa Equity has acquired a majority stake in Singapore-based biotech developer Sengenics through Summa Equity Fund II, facilitating an exit for SBI Islamic Fund II which sold a 12.93% stake. Read more… Read More
Kaspi, a Kazakhstan-based fintech backed by Baring Vostok and Goldman Sachs, has raised USD870m in its IPO on the London Stock Exchange, reaching a reported valuation of USD6.5b and facilitating a partial exit for Baring Vostok. Read more… Read More
(default archive template)