Tangerine Life Insurance, a portfolio company of West Africa-focused private equity fund manager Verod Capital Management, has acquired a majority stake in LeapFrog Investments’ ARM Life Insurance. Both companies are based in Nigeria. Read more… Read More
Kotak Special Situations Fund, managed by Kotak Investment Advisors, has invested INR5b (approximately USD69m) in debt and equity in Indian stainless steel producer Jindal Stainless for a 5% stake in the company. The debt transaction includes the purchase of debentures to help Jindal Stainless come out… Read More
Middle East- and North Africa-focused venture capital fund manager Wamda Capital and Saudi Arabia-based foundation Nour Nouf Knowledge Company have invested USD1.5m in Saudi edtech Aanaab. The platform offers professional development courses in Arabic to teachers and educators. Read more… Read More
Development finance institution and project developer Africa Finance Corporation is leading a USD63m deal to construct and operate a 60MW wind project in Djibouti. Dutch development bank FMO, Great Horn Investment Holdings, and Climate Fund Managers are also participating. Read more… Read More
Brazil-focused fund manager Starboard Restructuring Partners Group has purchased Brazil-based oil & gas provider Ouro Preto for an undisclosed amount. Read more… Read More
The Brazilian subsidiary of Orpea, a France-based long-term care provider, increased its equity stake in Brazil Senior Living (BSL), a joint venture between Orpea and Patria Investments, to 50%. Read more… Read More
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
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