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I&P Exits 61% Stake in Benin’s Normat Services via Sale to EPC Groupe

Investisseurs & Partenaires (I&P) sold a 61% stake in Normat Services, a Benin-based drilling and blasting company, to EPC Groupe for an undisclosed amount. Read More

AfricInvest Invests in Morocco’s Compagnie Marocaine de Bureautique et d’Informatique

AfricInvest acquired a minority stake in Morocco-based IT company Compagnie Marocaine de Bureautique et d’Informatique for an undisclosed amount. Read More

Prosus Ventures and Goodwater Capital Lead USD135m Series D+ for Brazil’s Facily

Prosus Ventures and Goodwater Capital led a USD135m Series D+ round for Facily, a Brazilian social commerce marketplace, at a reported USD1b+ valuation. Read More

Temasek and Li&Fung To Exit Hong Kong’s LF Logistics to A.P. Moller Maersk for USD3.6b

Temasek and Li&Fung agreed to exit LF Logistics, a Hong Kong-based integrated logistics and supply chain management services company, via a sale to A.P. Moller Maersk for USD3.6b in an all-cash deal. Read More

I&P Invests in Togo’s Lomé Business School

I&P invested an undisclosed amount in Togo-based higher education institution Lomé Business School. Read More

Actis-Backed Honoris United Universities Acquires Egypt’s Merit University

Actis-backed Honoris United Universities agreed to acquire Egypt-based Merit University for an undisclosed amount. Read More

Mizuho Leads USD200m Series E for Vietnam’s MoMo

Mizuho led a USD200m Series E for MoMo, a Vietnam-based mobile wallet services provider, with participation from Ward Ferry, Goodwater Capital and Kora Management, at a reported USD2b valuation. Read More

Foursan Group Acquires 49% Stake in Jordan’s Jo Academy

Foursan Group acquired a 49% stake in Jo Academy, a Jordan-based online private tutoring platform. Read More

Alta Growth Capital and Fondo de Fondos Acquire Mexico’s Interquim

Alta Growth Capital and Fondo de Fondos acquired 100% of Interquim, a Mexico-based producer of active pharmaceutical ingredients. Read More

Anchor Equity Partners Invests USD210m Pre-IPO Round for South Korea’s Kurly

Anchor Equity Partners invested a USD210m pre-IPO round for South Korea-based online grocery delivery startup Kurly at a reported USD3.3b valuation. Read More

Accel Leads USD75m Series B for Singapore’s Nansen

Accel led a USD75m Series B for Singapore-based blockchain data analytics platform Nansen, with participation from GIC, a16z, Tiger Global, SCB 10X, Amplify Partners, L1 Digital, Skyfall Ventures, Folius Ventures, Old Fashion Research and others. Read More

Medical Credit Fund Reaches ~USD37m Final Close for Fund II

Medical Credit Fund reached a EUR32.5m (~USD37m) final close for its second fund which will provide financing to SMEs within the health sector in sub-Saharan Africa. Read More