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Verod-Kepple Africa Ventures Reaches USD60m Close for Inaugural Fund
Verod-Kepple Africa Ventures reached a USD60m close for its first fund focused on early-stage companies building infrastructure for the digital economy across Africa. The fund received commitments from SCM Capital, Taiyo Holdings and C2C Global Education Japan. Read More
Temasek, Boyu Capital and others invest USD62m in D3 Bio Series A+
D3 Bio, a China-based clinical-stage biotech company backed by Temasek, raised a USD62m Series A+ led by Medicxi, with follow-on from Matrix Partners China and WuXi AppTec. Read More
Africa50 and Oikocredit Invests in Ghana’s Zeepay
Africa50 and Oikocredit led an equity investment in Ghana-based payment platform Zeepay, with participation from Injaro Ghana Venture Capital Fund and Verdant Capital Hybrid Fund, as well as follow-on from Investisseurs & Partenaires. Read More
Adenia Capital Reaches USD470m Final Close for Fund V
Adenia Capital reached a USD470m final close for its fifth fund focused on making control investments in medium-sized companies across Africa. Read More
CVC Capital Partners Exits Vietnam’s Asia Commercial Bank for USD220m
CVC Capital Partners fully exited its 5% stake in Vietnam-based commercial lender Asia Commercial Bank for USD220m. Read More
CITIC Capital Acquires China’s Guilong Pharmaceutical
Trustar Capital, the private equity affiliate of CITIC Capital, acquired Guilong Pharmaceutical, a China-based OTC medicine manufacturer for sore throats. Read More
Kotak and ADIA To Invest ~USD240m in India’s Prestige Estates
Kotak Alternate Asset Managers and Abu Dhabi Investment Authority agreed to invest INR20b (~USD240m) in India-based real estate developer Prestige Group. Read More
DPI, BII and EBRD To Exit Africa’s KELIX bio
DPI, BII and EBRD agreed to fully exit KELIX bio, a pan-African pharmaceutical platform, via a sale to Mubadala. Read More
Actis To Sell South Africa’s Octotel to AIIM-led Consortium
Actis agreed to sell Octotel, a South Africa-based fiber network operator, to a consortium led by African Infrastructure Investment Managers. Read More
Adenia Partners To Acquire 12 Air Liquide’s Subsidiaries in Africa
Adenia Partners agreed to acquire 12 Africa-based subsidiaries of Air Liquide, an industrial and medical gas supplier. Read More
Foursan Group Acquires 33% Stake in Jordan’s Medjool Village
Foursan Group acquired a 33% stake in Medjool Village, a Jordan-based Medjool dates supplier. Read More
KKR To Invest USD400m in Philippines’ Pinnacle Towers
KKR agreed to invest USD400m in Pinnacle Towers, a Philippines-based independent telecom tower operator. KKR first invested in the company in 2020. Read More