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AFIG Funds and Norfund Acquire Côte d’Ivoire’s Nouvelle Mici Embaci
AFIG Funds and Norfund acquired Nouvelle Mici-Embaci, a Côte d’Ivoire-based industrial packaging and printing services provider, from agro-industrial conglomerate Groupe Carré d’Or. Read More
Multiples Invests ~USD145.9m in India’s Veritas Finance
Multiples Private Equity led a INR12b (~USD145.9m) investment in Veritas Finance, an India-based non-banking financial company, with participation from IFC, Avendus and others. The deal will facilitate a partial exit for British International Investment and Lok Capital. Read More
BlueOrchard Reaches USD50m Second Close for IIF PE II
BlueOrchard reached a USD50m second close for its InsuResilience Investment Fund Private Equity II focused on private sector capital to support climate change adaptation and build resilience in emerging markets. Read More
Actis To Sell South Africa’s BTE Renewables
Actis agreed to sell BTE Renewables, a South Africa-based renewable energy platform, to ENGIE and Meridiam at an enterprise value of USD1b. Actis first launched the platform in 2017. Read More
TPG Sells 2.65% Stake in India’s Shriram Finance for INR14b (~USD170.9m)
TPG sold its entire 2.65% stake in Shriram Finance, an India-based non-banking finance company that provides loans for commercial vehicles, for INR14b (~USD170.9m). Read More
Capitalworks Exits South Africa’s Robertson and Caine
Capitalworks exited South Africa-based boat manufacturer Robertson and Caine to Vox Ventures. Capitalworks first invested in the company in 2015. Read More
Temasek and HighLight Capital Invested ~USD150m in Hong Kong’s Viva Shanghai
Temasek and HighLight Capital invested CNY1.1b (~USD150m) in Viva Shanghai, a subsidiary of Hong Kong-based drug discovery platform Viva Biotech Holdings. Read More
Brookfield to Acquire UAE’s Network International Holdings for ~USD2.8b
Brookfield Asset Management agreed to acquire Network International Holdings, a UAE-based payments solutions provider for consumers, for GBP2.2b (~USD2.8b). Read More
CEECAT Capital Invests in Bulgaria’s Telelink Business Services
CEECAT Capital, through its CEECAT Fund II, invested in Telelink Business Services, a Bulgaria-based IT solutions provider. Read More
AXA Investment Managers Alts Leads USD30m Series B for Nigeria’s Helium Health
AXA Investment Managers Alts led a USD30m Series B for Helium Health, a Nigeria-based SaaS platform for healthcare providers, with participation from Capria Ventures, Angaza Capital, Anne Wojcicki (23&Me) and Flatworld Partners, as well as follow-on from Global Ventures, Tencent, Ohara Pharmaceuticals, LCY Group, WTI and AAIC. Read More
Africinvest Transform Health Fund Reaches USD50m First Close for AfricInvest-backed Health Fund
Health Finance Coalition reached a USD50m first close for its Transform Health Fund managed by AfricInvest. The vehicle will focus on investing in innovative models to improve access, affordability, resilience and quality of healthcare in Africa. Read More
Openspace Ventures Leads USD5.5m Series B+ for Thailand’s Finnomena
Openspace Ventures led a USD5.5m Series B+ for Finnomena, a Thailand-based wealth management platform for investors and financial advisors, with participation from Gobi Partners, Krungsri Finnovate and Finnoventure Private Equity Trust. Read More