Zinnia Global Fund led a USD140m Series D comprising both debt and equity for Furlenco, a subscription-based furniture rental company based in India, with follow-on from CE-Ventures and Lightbox Ventures. Read more… Read More
Affirma Capital agreed to acquire a 50% stake in SeAH ESAB, a South Korea-based manufacturer of welding materials, and a 70% stake in SeAH FS, a global manufacturer of steel tubes with operations in South Korea, China, Thailand, India, Indonesia and Mexico, for USD76.9m. Read more… Read More
IFC, Ninety One’s EAIF, the African Development Bank (AfDB) and the Development Bank of South Africa provided EUR178m (~USD211m) in financing to develop the Kinguélé Aval hydroelectric dam in Gabon. Read more… Read More
Swedish gaming giant MTG (Modern Times Group) acquired India-based gaming platform PlaySimple for ~USD360m, providing an exit for investors including Chiratae Ventures and Elevation Capital. Read more… Read More
Partners Group acquired a 24.9% stake in China-based air freight forwarder company Apex Logistics from its majority owner Kuehne + Nagel for an undisclosed amount. Read more… Read More
Partners Group acquired a 24.9% stake in China-based air freight forwarder company Apex Logistics from its majority owner Kuehne + Nagel for an undisclosed amount. Read more… Read More
AfricInvest invested in DPI-backed CMGP-CAS, a merger between Moroccan irrigation systems company Compagnie Marocaine de Goutte à Goutte et de Pompage (CMGP) and Moroccan agricultural supplier Comptoir Agricole de Souss (CAS). Details of the transaction were not disclosed. Read more… Read More
India-based Inflexor Ventures reached a INR6b (~USD80m) final close for its Inflexor Technology Fund, surpassing its initial target of INR5b (~USD67m). The fund is sector agnostic with a primary focus on B2B enterprise startups leveraging deep technology. Read more… Read More
The Carlyle Group, King Street Capital Management and Davidson Kempner agreed to take a majority stake in Maldives-based seaplane operator Trans Maldivian Airways (TMA). Carlyle, through its Global Credit platform, led the restructuring of TMA’s debt. Read more… Read More
Activant Capital Group led a USD180m Series A for Singapore-based insurtech bolttech, with participation from Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital, Tarsadia Investments and Tony Fadell (Future Shape), at a reported USD1b+ valuation. Read more… Read More
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