Middle East- and North Africa-focused venture capital firm Saudi Technology Ventures (STV) has led a USD23 million Series A investment in TruKKer, a UAE-based digital trucking logistics platform. Other participants in the funding round include development finance institution IFC; Middle East-focused investment firm Alturki Holding; and private equity and venture… Read More
China-based baby formula producer China Feihe has raised HKD6.7 billion (approximately USD856 million) in its initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 893 million shares at a price of HKD7.50 (USD0.96) per share. Investors in Feihe include Asia-focused private equity investor Morgan Stanley Private… Read More
Pan-African private equity fund manager Emerging Capital Partners (ECP) has agreed to partially exit its stake in BRVM-listed, pan-African financial services provider Oragroup as part of Côte d’Ivoire-based Caisse Générale de Retraite des Agents de l’Etat (CGRAE)’s acquisition of a 61.45 percent stake in the company. ECP originally acquired Oragroup… Read More
VTB Capital, the investment arm of Russia-based VTB Bank, has agreed to exit its stake in Bulgaria-based telecommunications operator Vivacom to United Group, a Netherlands-based media company operating in countries of the former Yugoslavia and owned by Europe-focused private equity firm BC Partners. United Group will acquire Vivacom for a… Read More
Global seed- and growth-stage venture capital investor Global Founders Capital has led a USD2 million seed investment in Tabby, a UAE-based consumer finance platform. Other participants in the round include venture capital fund managers Wamda Capital and Arbor Ventures. The company, which allows consumers to purchase goods online and pay… Read More
Kenya-based logistics platform Lori Systems has completed its Series A funding round led by China-focused private capital fund managers Hillhouse Capital and Crystal Stream Ventures. Other investors in the round, which was reportedly valued at approximately USD30 million, include investment firms Apoletto Asia, EchoVC Partners, Timon Capital, Raba VC, and… Read More
Central Europe-focused private equity fund manager Avallon has agreed to acquire a majority stake in Clovin, a Poland-based washing products producer. Avallon will support Clovin’s ongoing investment program and lend strategic support for acquisitions, the production of innovative and ecological products, and expansion of the company’s international footprint. Financial details… Read More
China-focused venture capital fund manager Eastern Bell Venture Capital has reached a final close for its debut USD-denominated fund with USD365 million in commitments. Investors in the fund include international sovereign wealth funds, insurance companies, funds of funds, family offices, and corporate investors. The fund will focus on logistics and… Read More
Emerging markets specialist private equity fund manager LeapFrog Investments has reportedly invested a further KES309 million (approximately USD3 million) in Kenya-based retail pharmacy chain Goodlife Pharmacy. The company operates across 52 locations in Kenya and five in Uganda, providing pharmacy, wellness, beauty, and diagnostics services. The new capital from LeapFrog,… Read More
A consortium composed of Madagascar-based conglomerate Axian Group and pan-African private equity fund manager Emerging Capital Partners (ECP) has acquired a 51 percent stake in Togo-based government-owned telecommunications company Togocom at an enterprise value of XOF210 billion (approximately USD355 million). The consortium will reportedly invest EUR245 million (USD271 million) in… Read More
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