Global growth markets investor The Abraaj Group has listed Egypt-based healthcare provider Cleopatra Hospital on the Egyptian Exchange, raising EGP360 million (approximately US$40.5 million) in an initial public offering (IPO). Abraaj, which originally invested in Cleopatra Hospital in 2014 through Abraaj Private Equity Fund IV and Abraaj North Africa Fund… Read More
Southeast Asia-focused venture capital firm Kejora Ventures has agreed to invest in a Series A financing round for Indonesia-based online peer-to-peer lending marketplace Investree. The company, which connects lenders with borrowers, plans to use the capital hire new talent — from marketing personnel to legal experts; as well as establish sales… Read More
Africa-focused investment management firm Convergence Partners has invested US$1 million in South Africa-based load balancing, web acceleration and security software company Snapt. The company, which has a reported client base of 10,000 customers across 50 countries, plans to use the new capital to expand internationally. … Read More
China-focused private equity firm Lunar Capital has agreed to buy a 10.4 percent stake in Honworld Group, a cooking wine manufacturer listed on the Hong Kong Stock Exchange. Lunar Capital will subscribe to 60 million shares in the company at HKD6.00 (approximately US$0.77) per share, totaling gross proceeds for the… Read More
Pan-emerging markets private equity firm Actis has sold a seven percent stake in Edita Food Industries, an Egypt-based snack food company. Actis sold 50.7 million shares for an average price of EGP17.85 (approximately US$2.00) per share, for total proceeds of EGP906 million (approximately US$102 million). Separately, Actis has reached a… Read More
Pátria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, will invest BRL450 million (approximately US$126 million) in Brazil-based data center company ODATA. The company received an initial investment of BRL200 million (approximately US$56 million), which will be used to build a data center in Santana de… Read More
Southeast Asia-focused impact fund advisory firm Aavishkaar has invested US$2 million in Bangladesh-based payment systems company CloudWell. The transaction was structured through Aavishkaar Frontier Fund. CloudWell, which operates under the brand name PayWell, will use the new capital to expand geographically within Bangladesh. Read More
Mexico-based lending platform Konfio has raised a US$8 million financing round from financial services-focused venture capital firm Quona Capital, private equity firm QED Investors and two Latin America-focused venture firms: Kaszek Ventures and Jaguar Ventures. Quona Capital structured its contribution through the Accion Frontier Inclusion Fund. Konfio intends to use… Read More
MENA-focused venture capital firm Wamda Capital has led a seed financing round for United Arab Emirates-based bitcoin exchange platform BitOasis. Other participants in the round included incubator Digital Currency Group, payment systems company Payfort and several angel investors. BitOasis plans to use the funding to grow its team and strengthen… Read More
Namibia-focused private equity firm Eos Capital will acquire a majority stake in Namibia-based cleaning products manufacturer Elso Holdings. The transaction will be structured through Eos Capital’s Allegrow Fund. Elso Holdings plans to use the capital to expand within the Southern African Development Community region. Financial details of the transaction, which… Read More
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