Religare Enterprises has acquired an additional 14.36% stake in Indian SME lender Religare Finvest (RFL) from private equity investors Jacob Ballas India and Resurgence PE for INR560m (approximately USD8m). Post the acquisition, RFL has become a wholly-owned subsidiary of the company. Read more… Read More
Africa-focused private equity firm Amethis Finance has acquired a 30% stake in Kenya-based grocery retail distributor Naivas via its Amethis Fund II. Read more… Read More
XP Investimentos led a BRL380m (approximately USD85m) investment in Brazilian car rental startup Vai.Car. BMG, BTG Pactual’s Boostlab, and Bossa Nova Investimentos participated in the round. Read more… Read More
Asia Pacific-focused private equity firm CBC Group has reached a USD300m final close for its private credit fund targeting the healthcare sector in China. Read more… Read More
Global infrastructure investment manager I Squared Capital has agreed to sell its stake in Taiwan-based solar development, construction, and operating platform Chenya Energy to Japan’s Marubeni Corporation. Read more… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners has appointed Rajaa Berrkia, formerly Operations Director, as Director of Sustainability. In her new role, Rajaa will be coordinating, implementing, and providing strategic supervision of Mediterrania Capital Partners’ impact investing process and research. Read more… Read More
The impact investment fund I&P Afrique Entrepreneurs, the Belgian Investment Company for Developing Countries (BIO), and ACEP-International have joined forces to create ACEP Group, a new microfinance group targeting African entrepreneurs. Read more… Read More
Chile-based VC Magma Partners has reached a USD50m final close for its Magma Partners III Fund. The vehicle will target fintech, insurtech, and SaaS companies in Latin America. Read more… Read More
Singapore-based private equity firm Asia Partners and Korean venture capital firm Intervest have invested USD35m in Hong Kong-based edtech startup Snapask. Read more… Read More
Morgan Stanley Private Equity Asia and existing investor LGT Lightstone Aspada have invested a INR1.64b (approximately USD22.8) Series D for India-based loan company Ummeed Housing Finance. Read more… Read More
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