African Forestry Impact Platform (AFIP) raised USD200m from New Forests, BII, Norfund and Finnfund, and announced its first investment, an acquisition of Green Resources, the largest East Africa-based forest development and wood processing company. Read more… Read More
Warburg Pincus invested USD350m to establish Oona Insurance, a Singapore-based, Southeast Asia-focused digital insurance platform. Warburg seeded the platform with two acquisitions: Indonesia-based Asuransi Bina Dana Arta and Philippines-based Mapfre Insular Insurance Corporation. Read more… Read More
Aion, the electric vehicle unit of China-based automaker GAC, raised CNY18.3b (~USD2.5b) Series A from Yingke Private Equity, Goldstone Investment, Shenzhen Capital Group, PICC Capital Investment Management and others. Read more here and here… Read More
Emso Asset Management provided EUR15m (~USD15m) in debt financing for Moove, a Nigeria-based vehicle financing platform for rideshare workers. Read more… Read More
MaxAB, an Egypt-based B2B food and grocery delivery platform, raised USD40m from ADQ, BII and Silver Lake, with follow-on from 4DX Ventures, Flourish Ventures, Beco Capital and Africa Platform Capital. Read more here and here… Read More
Abris Partners-backed digital shipping platform Alsendo acquired a majority stake in Innoship, a Romania-based delivery management software provider. Read more… Read More
20Cube Logistics, a Singapore-based full-stack digital logistics platform backed by Zephyr Management, agreed to list on the Nasdaq through a SPAC merger with Evo Acquisition at a USD338m enterprise value. Zephyr first invested in 20Cube in 2013 through Zephyr Peacock Fund III. Read more… Read More
Gulf Capital exited CHO Group, a Tunisia-based olive oil producer and exporter, generating an over 15% IRR. Gulf invested USD22m in CHO in December 2018 through Gulf Capital Credit Opportunities Fund II. Read more… Read More
500 Emerging Europe invested in Ddosify, a Turkey-based developer of open-source performance testing software. Read more… Read More
Fortune Capital and Shenzhen Smart City Industrial Investment Private Equity Fund Management led an over CNY100m (~USD14m) Series C for SandStone, a China-based enterprise-level data storage service provider, with participation from Long Hua Capital and other investors. Read more… Read More
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