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BlackRock-backed Climate Finance Partnership Acquires Kenya’s Turkana Wind Power Limited
Climate Finance Partnership, a vehicle managed by BlackRock Alternatives, agreed to acquire Turkana Wind Power Limited, a Kenya-based wind farm. The deal will facilitate an exit for Finnfund. Read More
Openspace Ventures Leads USD10m pre-Series A in Indonesia’s Broom
Openspace Ventures led a USD10m pre-Series A for Broom, an Indonesia-based auto financing platform, with participation from Quona Capital, MUFG Innovation Partners, BRI Ventures and AC Ventures. Read More
Malaysia’s Viewpoint Software Raises USD40m
Viewpoint Software, a Malaysia-based business entity engagement software provider, raised USD40m from BPEA EQT and CPP Investments. Read More
INCE Capital and Qiming Venture Partners Lead USD50m Series B for China’s Allorion Therapeutics
INCE Capital and Qiming Venture Partners led a USD50m Series B for Allorion Therapeutics, a China-based drug developer that focuses on treating oncology and autoimmune diseases, with participation from TF Capital, Long River Investment, 3SBio, Octagon Capital and Elikon Venture. Read More
PremjiInvest Leads USD110m Series D for India’s Minfinit
Premji Invest led a USD110m Series D for Mintifi, an India-based supply chain financing platform, with follow-on from International Finance Corporation (IFC), Norwest Venture Partners, Elevation Capital and others. Read More
Accion Venture Lab and Sturgeon Capital Lead USD6.4m Seed Round in Pakistan’s Trukkr
Accion Venture Lab and Sturgeon Capital led a USD6.4m seed round for Trukkr, a Pakistan-based trucking logistics platform, with participation from Peter Findley (Anchorless Bangladesh), Haitou Global and Al Zayani Venture Capital. Read More
CPP Investments Acquires Controlling Stake in India’s ReNew Energy Global for USD268m
CPP Investments acquired an additional 14% stake in India-based independent power producer ReNew Energy Global from Goldman Sachs for USD268m, to become the majority shareholder. Read More
Mediterrania Capital To Lead USD71.9m Investment in Morocco’s Laprophan
Mediterrania Capital agreed to lead a USD71.9m investment in Laprophan, a Morocco-based pharmaceuticals company, with participation from Proparco, FMO, and DEG. The investment is pending approval from the Moroccan Competition Council. Read More
Norfund and Ethos Mezzanine Partners Invest USD25m in Kenya’s Balaji Group
Norfund and Ethos Mezzanine Partners invested USD25m in Balaji Group, a Kenya-based clothing manufacturer. Read More
Kotak Mahindra Advisors Invests INR10.7b (~USD129.4) in India’s Biocon
Kotak Mahindra Advisors, the alternative assets arm of Kotak Mahindra Group, invested INR10.7bn (~USD129.4m) in Biocon, an India-based pharmaceuticals manufacturer. Read More
Kenya’s Workpay Raises USD2.7m Pre-Series A
Workpay, a Kenya-based HR payroll platform backed by YC, raised a USD2.7m pre-Series A from Launch Africa, Saviu Ventures, Acadian Ventures, Axian, P1 Ventures, Norrsken and others. Read More
Kotak Reaches USD590m First Close for Data Center Fund
Kotak reached a USD590m first close for its data center fund, focused on expanding data center capacity in India. The vehicle has a target corpus of USD800m. Read More