GEF Capital Invests ~USD25m in India’s Electra EV
GEF Capital, through its South Asia Growth Fund II, invested ~USD25m for a minority stake in Electra EV, an India-based producer of powertrain parts for electric vehicles. Read more… Read More
Mexico’s Fintech Kapital Secures USD100m Debt Facility from Sivo
Kapital, a Mexico-based finance management platform for SMEs, secured a USD100m debt facility from US-based debt investor Sivo. Tenacity Venture Capital led a USD10m seed round in July 2022. Read more… Read More
Mediterrania Exits Tunisia’s GSRD
Mediterrania Capital Partners exited Tunisia-based private education company Groupe Scolaire René Descartes (GRSD), through a management buyout. Mediterrania first invested in GSRD in January 2018 through its second fund. Read more… Read More
Grúas M10 and CEMEX Ventures Leads USD2m Investment for Chile’s ObraLink
Grúas M10 and CEMEX Ventures led a USD2m round for ObraLink, a Chile-based construction monitoring platform, with participation from Carao Ventures and construction company Echeverría Izquierdo. Read more… Read More
Gulf Capital Sells 100% Stake in UAE’s Chef Middle East for USD100m
Gulf Capital exited its 100% stake in Chef Middle East, a UAE-based foodservice distribution business, to US-listed food distributor The Chef’s Warehouse, generating a 2.5x return. Gulf Capital acquired Chef Middle East in June 2013 through Gulf Equity Partners Fund II. Read more… Read More
Bain Capital Partially Exits India’s Axis Bank for ~USD180m
Bain Capital partially exited India-listed lender Axis Bank for INR14.9b (~USD180m), reducing its stake from 4.24% to 3%. Bain Capital invested INR68.5b (~USD1.b) in Axis Bank in November 2017. Read more… Read More
DGF Investimentos Leads ~USD3m Round for Brazil’s Looqbox
DGF Investimentos led a ~USD3m round for Looqbox, a Brazil-based developer of corporate search engines, with participation from HiPartners and Locaweb. Read more… Read More
InnoVen and Trifecta Provide ~USD12 in Debt to India’s Rebel Foods
InnoVen and Trifecta invested INR1b (~USD12m) in a debt round for India-based dark kitchen operator Rebel Foods. In 2021, Rebel Foods raised USD175m led by QIA. Read more… Read More
India’s boAt Raises USD60m from Warburg Pincus and Malabar Investments
boAt, an India-based wearable electronics manufacturer, raised USD60m from Warburg Pincus and Malabar Investments. Read more… Read More
General Atlantic Leads USD110m Round for India’s Amagi
General Atlantic led a USD110m round for Amagi, an India-based media technology company providing cloud-based broadcast and advertising services, including INR2.2b (~USD27m) in secondary shares. General Atlantic will hold an 8% stake in the company following the transaction, which values Amagi at a reported ~USD1.45b. Read… Read More
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