I&P To Invest in Senegal’s Delta SA
I&P, through its fund I&P Afrique Entrepreneurs 2, has agreed to an equity investment in DELTA SA, a Senegal-based sanitation and construction company, for an undisclosed amount. Read more… Read More
Nigeria’s Autochek Acquires Senegal’s I&P-backed CoinAfrique
Nigeria-based automotive e-commerce company Autocheck acquired CoinAfrique, a Senegal-based classified ad marketplace serving francophone Africa, for an undisclosed amount, providing an exit for I&P. Read more here and here… Read More
Navis Capital Partners To Sell Stake in Texon
Navis Capital Partners agreed to sell its stake in Hong Kong-based footwear component manufacturer Texon, part of Torque Group International Fortune, to Coats Group for an undisclosed amount. Navis acquired the company for USD75m in 2016. Read more… Read More
Re-Pie Portfolio Leads a USD20m Bridge Round for Turkey’s Modanisa
Re-Pie Portfolio led a USD20m bridge round for Modanisa, a Turkey-based Muslim fashion retailer, with follow-on from EBRD, Goldman Sachs and Wamda Capital. The funding will be used to expand into European and North African markets, launch an e-wallet service and expand to non-textile products. Read… Read More
Animoca Brands Leads USD32m Series A for South Korea’s Planetarium Labs
Animoca Brands led a USD32m Series A for Planetarium Labs, a South Korea-based community-driven Web3 game network, with participation from Krust Universe, the investment arm of South Korea-based tech giant Kakao; WeMade and Samsung Next. Read more… Read More
IFC Leads ~USD92m Debt Financing Round for Senegal’s Wave
IFC led a EUR90m (~USD92m) debt financing round for Senegal-based fintech startup Wave Mobile Money. The financing included a EUR25m (~USD26m) IFC loan, EUR41m (~USD42m) in B loans from Symbiotics, Blue Orchard, responsAbility and Lendable and EUR24m (~USD25m) in parallel loans from Finnfund and Norfund. Wave became francophone Africa’s first… Read More
PAG To Invest USD1b in Renewable Energy Through New Company PAG Renewables
PAG launched PAG Renewables, a wholly owned renewable energy,company to develop, build, operate and invest more than USD1b in renewable energy assets in Asia over the next several years. PAG Renewables was seeded by PAG’s existing renewables portfolio, including First Solar, a Japan-based, Nasdaq-listed project development platform recently acquired by… Read More
S2G Ventures Leads USD10.8m Series A for Hong Kong and Singapore’s Avant
S2G Ventures led a USD10.8m Series A for Avant, a Hong Kong- and Singapore-based foodtech startup for lab-grown seafood, with participation from SWEN Blue Ocean, Regal Hotels, Thia Ventures, Lever VC, CPT Capital, ParticleX, Artesian, Good Startup and Alwyn Capital. Avant is featured in GPCA’s 31 Global Foodtechs to… Read More
Vantage Capital Exits South Africa’s Alleyroads
Vantage Capital exited South Africa-based real estate development company Alleyroads for an undisclosed amount after providing an initial ZAR82m (~USD5m) in mezzanine financing in May 2020 for the development of Kayalane Heights, an affordable housing development in Limpopo province. Read more… Read More
Legend Capital Leads USD150m Series E for China’s ClinChoice
Legend Capital led a USD150m Series E for ClinChoice, a China- and US-based full-service clinical-stage contract research organization, with participation from Taikang Life Insurance and Sherpa Healthcare Partners, with follow-on from Apricot Capital and Lilly Asia Ventures. Read more… Read More
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