Carlyle and Advent International each agreed to acquire up to a 10% stake in India-listed commercial bank YES BANK for a combined USD1.1b. The deal includes USD640m in equity shares and USD475m in warrants. Read more here, here and… Read More
India-based rural fintech Jai Kisan raised USD50m in debt and equity in a first close of its ongoing Series B from GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures, and existing investors Blume Ventures, Arkam Ventures, Mirae Asset, Snow Leopard Ventures and others. The debt funding was provided… Read More
Vinci Partners agreed to acquire SPS Capital, a Brazil-based alternative asset manager with BRL2b (~USD376m) in assets under management, for an undisclosed amount. Read more… Read More
Shorooq Partners led a USD4.5m pre-seed round for Pakistan-based social commerce platform DealCart, with participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Rally Cap Ventures and angel investors. Read more… Read More
Sequoia Capital Southeast Asia and Kleiner Perkins led a USD17.6m seed round for Pakistan-based fintech Dbank, with participation from Nubank, Askari Bank and Rayn. Read more… Read More
Enterprise Investors through its private equity fund Polish Enterprise Fund VII has sold its 100% stake in Romania-based toy manufacturer Noriel Group to Turkey-based Sunman Group for an undisclosed amount. Enterprise Investors acquired Noriel in 2016 from Axxess Capital and Noriel’s founders for EUR24m (~USD24m).Read more… Read More
AfricInvest through its funds AfricInvest II and AfricInvest Financial Sector Fund exited Bridge Group West Africa, a Cote d’Ivoire-based financial services holding company controlled by Teyliom International Group, for an undisclosed amount. AfricInvest acquired a 30% stake in the company in March 2014. Read more here. Read More
Earlybird Digital East, Stride.VC and Launchub Ventures invested USD4.5m in a seed round for Sessions, a Romania-based video conferencing platform. Read more… Read More
Canary led a USD6m pre-seed round for Bia, a Colombia-based real-time energy consumption analytics platform for SMEs, with participation from Nazca, 8VC, GFC, Marathon Ventures, MatterScale Ventures and Opera Ventures. Read more… Read More
General Atlantic and Kedaara Capital invested INR15b (~USD188m) in ASG Eye Hospitals, an India-based eye hospital chain. The transaction is expected to provide an exit for Investcorp, which invested INR750m (~USD12m) in the company in 2017 through IDFC Private Equity Fund IV. Read more… Read More
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