Emirates Investment and Development Center and i-Cell Telecom Group made a USD1.4m investment in Dubai-based online freight marketplace Lorryz. Read more»… Read More
Dubai Cultiv8, a wholly-owned subsidiary of Mohammed Bin Rashid Fund for SMEs, made an undisclosed investment in Dubai-based last-mile delivery startup Fodel. Read more»… Read More
Central and Eastern European private equity fund Enterprise Investors sold prefabricated house manufacturer Danwood to Korean construction company GS Engineering and Construction for EUR140m (USD155.2m). According to Enterprise Investors, the total gross proceeds generated by the investment amount to EUR238m (USD264m), yielding a 9x total gross multiple of… Read More
UK development finance institution CDC Group has announced the commitment of USD39.2m to Verod Fund III and Adiwale Fund I, West Africa-based private equity funds targeting SMEs in the region, with commitments of USD19.2m and USD20m respectively. Read more»… Read More
African Infrastructure Investment Managers (AIIM) invested USD54m from its pan-African infrastructure fund AIIF3 in two Nigerian gas assets from Savannah Petroleum, a UK-based oil & gas company. AIIM now has a 20% minority stake in gas field Seven Uquo Gas and a 20% minority stake in Accugas, which… Read More
Chinese corporate training platform Yunxuetang raised a USD100m Series D led by China-focused private equity firm Centurium Capital. Existing investors YF Capital and SIG also participated in the round. Read more»… Read More
Côte d’Ivoire-based social impact investor Janngo has launched Janngo Capital Startup Fund, a USD66.5m vehicle targeting tech-enabled startups in Africa. The fund will invest from seed through growth stage with at least 50%… Read More
I-Mab, a Chinese drug developer focused on autoimmune diseases, raised USD104m in an IPO on the Nasdaq. C-Bridge Capital and Hony Capital back the company. Read more»… Read More
Beijing-based education services provider Wanxue Education has raised a USD100m Series D led by Asian private equity firm ADV Partners. Read more»… Read More
US-based Accion has exited Indian SME lender Aye Finance via sale to Indian VC A91 Partners. The financial terms of the transaction were undisclosed. Read more»… Read More
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