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Orange Ventures Leads USD9m Series B for Nigeria’s Terragon
Orange Ventures led a USD9m Series B for Terragon, a Nigeria-based data and cloud martech company, with participation from TLcom Capital, LoftyInc, Sango Capital, VestedWorld and Western Technology Investment. Read More
Vantage Capital Acquires Controlling Stake in Kenya’s Auquasantec International for USD25m
Vantage Capital acquired a controlling stake in Auquasantec International, a Kenya-based water tank manufacturer and distributor, for USD25m. Read More
CVC Capital Partners Reaches ~USD29.2b Final Close for Fund IX
CVC Capital Partners reached a EUR26b (~USD29.2b) final close for its ninth fund focused on European and American investments. The vehicle exceeded its EUR25b target, making it the world’s biggest buyout fund. Read More
Horizon Capital Leads USD70m Series C+ for Ukraine’s Preply
Horizon Capital led a USD70m Series C+ for Preply, a Ukraine-founded language tutoring platform, with participation from Reach Capital, Hoxton Ventures and others. Read More
Addition Leads USD6m Seed Round for Egypt’s Flash
Addition led a USD6m seed round for Flash, an Egypt-based cashless payments app for consumers and businesses, with participation from Flourish Ventures and angel investors. Read More
Quadria To Exit Vietnam’s FV Hospital for USD381.4m
Quadria Capital agreed to exit FV Hospital, a Vietnam-based hospital chain, through a sale to Thomson Medical Group for USD381.4m. Read More
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