Metier has received USD113m million in commitments and has called a first close of its second Sustainable Capital Fund, MSC II. The fund will target renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa. MSC II secured commitments from Germany’s development finance institution DEG (Deutsche Investitions und… Read More
Pan-African private equity fund manager AfricInvest has exited its stake in Polymedic, a Morocco-based pharmaceuticals manufacturer, to Middle East and North Africa-focused alternative investment firm NBK Capital Partners. Polymedic produces generic medications across 12 therapeutic areas of treatment. NBK will now hold a majority stake in the company alongside Foursan… Read More
RattanIndia Power's Debt to Be Acquired by Goldman Sachs & Varde Partners for USD566 Million Read More
India-based automotive services provider GoMechanic has received INR1.1 billion (approximately USD15 million) in a Series B funding round led by India-focused venture capital firm Chiratae Ventures and global venture capital investor Sequoia Capital. Existing investor Orios Venture Partners also participated in the round. GoMechanic operates a network of automotive repair… Read More
Middle East and North Africa-focused venture capital fund manager Wamda Capital has invested in UAE-based employee benefits provider Flexxpay. The investment is reportedly part of a larger funding round that includes the company’s existing individual and corporate investors. Through its cloud-based platform, Flexxpay provides employees with services such as advanced… Read More
Global investment banking and asset management group Goldman Sachs, along with family office Centaurus Capital, has agreed to sell Brazil-based telecommunications infrastructure provider Cell Site Solutions (CSS) to IHS Towers, an owner and operator of telecommunications infrastructure predominantly focused on Africa. Financial details of this transaction, which is subject to… Read More
Lenskart Raises USD275 Million from SoftBank Vision Fund Read More
India- and US-based enterprise software company Quantiphi has secured USD20 million in Series A funding from India-focused private equity firm Multiples Alternate Asset Management. Quantiphi offers applied artificial intelligence, machine learning and big data solutions to companies around the world. The company reportedly intends to use the new capital to… Read More
Accion, a global financial inclusion-focused investor, has successfully exited its investment in Banco Compartir (Bancompartir), a Colombia-based microfinance institution, as part of the company’s acquisition by Credicorp, a Latin America-focused financial services holding company. Bancompartir was founded as a collective finance organization for survivors of a volcanic eruption in the… Read More
Global alternative asset manager The Carlyle Group has acquired a minority stake in Anxin Apartment, a China-based corporate housing provider, through Carlyle Asia Growth Partners V and Carlyle Beijing Partners Fund II. Anxin provides employee housing services to service-sector corporations, operating more than 160 apartment complexes in 24 cities across… Read More
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