Austria- and Slovenia-based health care technology company Parsek has raised a EUR2.3 million (approximately US$2.5 million) funding round led by European technology-focused private equity and venture capital firm 3TS Capital Partners. Parsek’s main product, Vitaly, is a collaboration and integration platform that connects physicians, patients, insurers and care facilities. Parsek… Read More
A consortium of funds advised by global investment firm KKR and Canada Pension Plan Investment Board (CPPIB) has acquired a 10.3 percent stake in Bharti Infratel, the infrastructure-focused subsidiary of India-based telecom services provider Bharti Airtel, for INR61.9 billion (approximately US$950 million). Bharti Infratel develops and manages telecom towers and… Read More
East Africa-focused private equity firm Catalyst Principal Partners has reached a first close for Catalyst Fund II with US$103 million in capital commitments. Investors in the fund include development finance institutions the European Investment Bank, CDC Group, International Finance Corporation (IFC) and Proparco, as well as family offices and funds… Read More
Argentina-based cybersecurity solutions company VU Security has raised US$4.3 million in a Series A round led by Latin America-focused private asset management firm INICIA, with participation from seed fund and accelerator NXTP Labs. VU plans to use the funds to expand its team and presence in the region. NXTP Labs… Read More
Development finance institution CDC Group and Africa-focused agriculture social impact investor and project developer AgDevCo have invested US$11.5 million in Malawi-based agriculture developer Jacoma Estates. CDC will invest US$8 million in equity and AgDevCo will provide US$3.5 million structured as debt and preferred shares. Jacoma plans to use the funds… Read More
ARPE, a Uganda-based power project developer backed by emerging markets-focused fund manager Berkeley Energy and Italy-based construction company PAC, has received a US$84 million loan package to support the construction of a 42-megawatt hydroelectric plant in the Pader district of northern Uganda. The African Development Bank will commit US$19 million… Read More
RMB Corvest and RMB Ventures, investment arms of South Africa-based Rand Merchant Bank (RMB), together with South Africa-based Mineworkers Investment Company, have acquired South Africa-based industrial equipment manufacturer Universal Industries, giving Africa-focused alternative investment firm Ethos a full exit from the company. Ethos originally invested in Universal Industries in 2011… Read More
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has led a US$100 million Series C round for China-based online used-car auction platform Mychebao. The company, also known as Chezhibao, will use the funds to provide financial, logistics, cloud technology and car evaluation services to… Read More
Impact investment firms responsAbility Investments and Incofin Investment Management have invested US$20 million in India-based agricultural logistics services provider Sohan Lal Commodity Management (SLCM). The transaction involved a secondary sale of shares by existing investors Everstone Capital, Mayfield Advisors, Nexus Venture Partners and ICICI Investment Management. Incofin invested through its… Read More
Southeast Asia-focused venture capital firm Kejora Ventures has led a Series A funding round for Indonesia-based point-of-sale technology startup Pawoon. Other undisclosed investors also took part in the round. Pawoon plans to use the funds to expand its sales and marketing efforts and for research and development. Financial details of… Read More
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