Private Infrastructure Development Group (PIDG), Ninety One’s EAIF, and Proparco have agreed to provide USD100m in financing to Mauritius-based telecommunications company West Indian Ocean Cable Company (WIOCC). PIDG and EAIF will provide USD40m, while Proparco will be lending the remaining USD60m. Read more… Read More
Alta Growth has reached a USD150m final close for AGC Fund III, a vehicle targeting investments in middle-market companies in Mexico and Latin America. Read more… Read More
EBRD has committed an additional USD10m to SPE AIF I, after investing USD20m in 2019. The fund is managed by SPE Capital Partners and targets investments in Egypt, Jordan, Morocco, and Tunisia. Read more… Read More
Lorax Capital Partners has reached a USD140m first close for Lorax Capital Partners Fund II, a vehicle focused on supporting SMEs in Egypt. EBRD and EIB recently committed a combined USD72m to the fund, with EBRD investing USD50m and EIB USD22m. Read more here and here… Read More
Advent International has entered a strategic partnership with Brazil-based premium chocolate producer Grupo CRM and has reportedly acquired a majority stake in the company. Read more here and here… Read More
MGM Sustainable Energy Fund II has provided USD16m in debt financing to Colombia-based cloud restaurant company RobinFood (formerly known as MUY). Read more… Read More
Comoé Capital, an Africa-focused impact investment fund sponsored by Investisseurs & Partenaires, has exited Côte d’Ivoire-based publishing house Vallesse Editions. Read more… Read More
SoftBank, DST Global, and Greenoaks Capital led an undisclosed investment round for Kavak, a Mexican marketplace for used cars. The latest investment brings the company’s reported valuation to USD1.15b, making it Mexico’s first unicorn. Read more… Read More
Prosus Ventures led a USD13m Series B for Pakistan-based on-demand logistics and transportation startup Bykea, with participation from Middle East Venture Partners and Sarmayacar. Read more… Read More
The Carlyle Group has agreed to acquire Occidental’s onshore assets in Colombia for USD825m. The transaction is expected to close in Q4 2020. Read more… Read More
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