Saudi Arabia’s Public Investment Fund (PIF) acquired a 34% stake in Egypt-based household appliances and consumer electronics retailer B.TECH from DPI for USD150m. DPI acquired the stake in B.TECH for EGP300m (~USD34m) in July 2016 through African Development Partners II. Read more… Read More
YAS MicroInsurance, a Hong Kong-based provider of microinsurance on the blockchain, raised a USD4.5m pre-Series A led by Noria Capital, ZEMU VC and JKL Capital. Read more… Read More
Temasek-affiliated 65 Equity Partners invested USD80m in ShopBack, a Singapore-based online shopping rewards app. Read more… Read More
Motilal Oswal Alternatives reached a INR45b (~USD551m) final close for its fourth private equity fund. India Business Excellence Fund IV will focus on consumer, financial services, life sciences and niche manufacturing sectors and will aim to deploy 10-15% of its capital in tech-enabled businesses. The Fund has made two investments… Read More
Indonesia-based travel platform Traveloka raised a USD300m debt round led by BlackRock, with participation from Allianz Global Investors, Orion Capital Asia and the Indonesia Investment Authority. Read more… Read More
Action Capital led a USD12m Series A for Klaus, an Estonia-based customer service quality management app, with follow-on from Icebreaker, Creandum and Global Founders Capital. Read more… Read More
Pierfront Capital reached a USD450m final close for its second private credit fund, with an additional USD250m in co-investment commitments. Investors include Alberta Investment Management Corporation, AIIB, GCM Grosvenor, Manulife and Affin Hwang Asset Management. The fund will provide loans to Asia Pacific-based companies operating real assets in sectors including… Read More
Macquarie Asset Management, through its fund Macquarie Infrastructure Partners V, agreed to acquire 50% of Odinsa’s stake in Colombia-based airport platforms Opain and Quiport for an undisclosed amount. Odinsa is a concessions company of Grupo Argos. Read more… Read More
Lightrock led a BRL260m (~USD48m) round for Cortex, a Brazil-based data and analytics platform for marketing and sales, with follow-on from Softbank Latin America and Riverwood Capital. SoftBank led a ~USD22m Series B in June 2020. Read more… Read More
Eat App, a UAE-based restaurant reservations platform, raised a USD11m Series B from 500 Global, Middle East Venture Partners, Derayah VC, Dallah Albaraka, Ali Zaid Al Quraishi & Brothers Company, Rasameel Investment Company and others. Read more… Read More
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