Valor Capital Group led a BRL17m (~USD3.3m) seed round for Quaddro, a Brazil-based business management platform, with participation from Bridge and angels and follow-on from NXTP and Grão. Read more… Read More
GRAAS, a Singapore-based e-commerce marketing platform, has raised a USD40m Series A led by Galaxy, an SPV owned by Kejora; Performa, an SPV led by a Europe-based asset manager; Integra Partners; Yuj Ventures and AJ Capital. Angels also participated in the round. Read more… Read More
Stride Ventures reached a USD200m final close for its second venture debt fund. Fund II launched in May 2021 with a INR10b (~USD126m) target and reached a first close in August 2021 at INR5.5b (~USD74m). Stride invests in the consumer, fintech, agritech, B2B commerce, healthtech, B2B SaaS, mobility and energy… Read More
Apollo Global Management acquired an 11.1% stake in Aldar Investment Properties, asubsidiary of UAE-listed real estate developer Aldar Properties, for USD400m. The deal is part of Apollo’s USD1.4b investment commitment to Aldar Properties announced in February. Read more… Read More
Denham Capital agreed to sell Nexif Energy, a renewables-focused power development and investment platform operating in Southeast Asia and Australia, to Thailand’s RATCH Group at a transaction equity value of USD605m and an enterprise value of more than USD1b. Denham established Nexif in August 2015 through its Sustainable Infrastructure platform. Read More
Lightrock India led a USD34m Series E2 for Shiprocket, an India-based Zomato-backed logistics startup, at a reported USD1.2b valuation, with participation from Temasek, Moore Strategic Ventures and Huddleat, and follow-on from Bertelsmann India Investments, PayPal Ventures and March Capital. Read more… Read More
IFC and Armstrong Asset Management agreed to exit Vietnam-listed renewable energy power company Gia Lai Electricity for a reported USD112m. IFC and Armstrong acquired 16% and 20% stakes in the company, respectively, in June 2016. Read more… Read More
Lori Systems, a Kenya-based logistics shipping platform, raised an undisclosed amount from Google, representing the third investment from Google’s USD50m Africa Investment Fund. Read more… Read More
Sango Capital acquired a controlling stake in Sotipapier, the Tunisia-listed paper packaging manufacturer, from SPE Capital Partners and other shareholders. SPE invested in the company in 2012 before spinning out from investment banking firm Swicorp and partially exited in Sotipapier’s 2014 IPO and through a dividend recapitalization in 2017. Read More
Ontario Teachers’ Pension Plan Board (OTPP) agreed to acquire a majority stake in Sahyadri Hospitals, an India-based hospital chain, from the Everstone Group for an undisclosed amount. The deal is expected to close by the end of 2022, and Everstone will retain a minority stake in the company. Read More
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