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AfricInvest To Invest USD40m in British University in Egypt
AfricInvest agreed to invest USD40m in The British University in Egypt, a private institution in Cairo, Egypt. Read More
AIIM To Invest USD90m in Joint Venture with N+ONE DATACENTERS
African Infrastructure Investment Managers (AIIM) agreed to invest USD90m to develop a new Pan-African data center and cloud services platform in a joint venture with N+ONE DATACENTERS. Read More
Baring Private Equity Partners India Leads USD15m Series A for India’s SatSure
Baring Private Equity Partners India led a USD15 Series A for SatSure, an India-based innovative decision analytics company specializing in satellite imagery, with participation from Omidyar Network India and xto10X, as well as follow-on from Force Ventures, Luckbox Ventures and IndigoEdge Advisors. Read More
BPEA Exits India’s Coforge for USD924m
BPEA EQT fully exited its remaining 26.6% stake in India-based IT services provider Coforge for USD924m through a block trade. Read More
Stepstone Leads USD200m Series E for India’s Zepto
Stepstone Group led a USD200m Series E for Zepto, an India-based grocery delivery platform, with participation from Goodwater Capital, as well as follow-on from Nexus Venture Partners, Glade Brook Capital and Lachy Groom. The round values Zepto at USD1.4b, making it the first Indian unicorn in 2023. Read More
Everstone Exits 29.5% Stake in India’s SJS Enterprises for ~USD66m
Everstone Capital fully exited its remaining 29.5% stake in SJS Enterprises, an India-based decorative auto-parts manufacturer for car brands, for ~USD66m. Everstone first invested in SJS in October 2015. Read More
Temasek and TPG Invest USD80m in India’s Dr. Agarwal’s Health Care
India-based eye hospital chain Dr. Agarwal’s Health Care raised a USD80m round from Temasek and TPG Growth. Read More
Singapore’s Sirius Technologies Raises USD18m Series A
Sirius Technologies, a Singapore-based enterprise architecture platform, raised a USD18m Series A from Integra Partners, Cento Ventures and M Venture Partners. Read More
AIIM To Invest USD150m+ to Expand Commercial Cold Holdings
Correction to NewsWatch 9 August 2023: African Infrastructure Investment Managers (AIIM) to invest USD150m+ to expand Commercial Cold Holdings platform, including acquisition of South Africa-based supply chain solutions provider Sequence Logistics. Read More
BPEA-Backed Sion Investment Holding Sells 19.4% Stake in India’s CMS Info Systems
Baring Private Equity Asia sold a 19.4% stake in India-based cash management and payment solutions provider CMS Info Systems via a share sale on the BSE for INR10.7b (~USD129.1m). Read More
Bain Capital and Advent International Exit Singapore’s Quest Global
Bain Capital and Advent International exited Quest Global, a Singapore-based engineering services company, through a secondary sale to The Carlyle Group. Bain and Advent first invested in the company in 2016. Read More
General Atlantic Exits India’s 360 ONE
General Atlantic fully exited 360 ONE (formerly IIFL Wealth Management), an India-based wealth and alternates-focused asset management firm, by selling its remaining 1.16% stake. General Atlantic sold a 3.55% stake in December 2022. Read More