IDG Ventures India and philanthropic investment firm Omidyar Network have led a US$5 million Series A venture capital round for India-based Rejuvenate Solutions, operator of on-demand home services platform Zimmber. Existing investors Aarin Capital and Sherpalo Ventures also participated in the round. The company will use the fresh capital for… Read More
ARX Equity Partners, a private equity fund manager focused on mid-sized companies in Central Europe, has reached a first close for ARX CEE IV at EUR54 million (approximately US$60 million), with total subscribed commitments of EUR66 million (approximately US$73 million). Investors in the fund included the development finance institution European… Read More
Pan-African mezzanine fund manager Vantage Capital has provided a ZAR200 million (approximately US$13.6 million) expansion capital facility to South Africa-based investment company New GX Capital. The transaction was structured through Vantage Mezzanine Fund III. New GX Capital will use the new financing for additional investments in the telecommunications infrastructure, energy,… Read More
WDB Investment Holdings, a South Africa-focused private investor focused on women’s empowerment, and Grovest, a South Africa-focused venture capital company, have acquired a 57.5 percent stake in South Africa-based Seed Engine, a company that offers training, support and funding mechanisms to startups. WDB and Grovest acquired 30 percent and 27.5… Read More
Media-focused alternative investment management company CMC Capital Partners has reached a first close for its second U.S. dollar-denominated China media fund with more than US$350 million in capital commitments. Existing investors accounted for the bulk of commitments. The fund has a hard cap of US$600 million and will focus on… Read More
Global institutional investment management firm Farallon Capital Management has reached a final close for Farallon Asia Special Situations III and Farallon Asia Special Situations Master III (collectively FASS III), with a combined total of US$1.12 billion in capital commitments. Investors in FASS III included United States-based pension groups New York… Read More
Philanthropic investment firm Omidyar Network has participated in a US$3 million Series A round for India-based Overcart, a marketplace for businesses with unboxed, refurbished, preowned and excess electronic products. Other investors in the round included JSW Group’s venture arm JSW Ventures and India-based investor Venture Works. Overcart will use the… Read More
Metier, a private equity and alternative asset fund manager, has completed additional closes for Metier Capital Growth Fund II with more than ZAR2.5 billion (approximately US$170 million) in capital commitments. Investors in the fund included development finance institutions DEG, FMO, IFC and Proparco; frontier market investor Sarona Asset Management; Averroès… Read More
Infrastructure investment firm African Infrastructure Investment Managers has exited three toll road projects in Southern Africa: N3 Toll Concession, Trans African Concessions and the South African Toll Road Company. AIIM originally invested in the projects through South Africa Infrastructure Fund (SAIF). The buying consortium included South African investment manager Public… Read More
Venture capital firm 500 Startups has invested in United Arab Emirates-based flower and gift online marketplace Joi. The platform will work with offline vendors who want to expand into online delivery. Financial details of the transaction, which was structured through 500 Startups’ global fund and 500 Falcons fund, were not… Read More
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