LeapFrog Investments has fully exited its stake in Kenya-based medical insurance provider Resolution Insurance via a sale to Linkham Group for an undisclosed amount. The transaction is subject to regulatory approvals and is expected to close by the end of Q1 2021. Read more… Read More
Astella Investimentos has agreed to invest BRL8m (approximately USD1.5m) in bornlogic, a Brazil-based omnitech solutions startup. Read more… Read More
Qatar Investment Authority and Glade Brook Capital Partners led a USD100m investment in India-based news aggregator DailyHunt, with participation from Sofina and Canaan Valley Capital. The investment appears to be an extension of the previous USD102m Series H in which Sofina, Google, Falcon Edge Capital, and Microsoft took… Read More
Resource Partners has filed to acquire a majority stake in Nesperta, a Poland-based UV hybrid nail polish company, from the company’s founders. The transaction is pending approval from the Polish Office of Competition and Consumer Protection. Read more… Read More
H.I.G. Capital has partially exited its stake in Brazil-based outdoor advertising company Eletromidia via the company’s BRL871.6m (approximately USD162m) IPO on the B3. According to regulatory filings, H.I.G. Capital’s Vesuvius FIP Fund sold shares worth BRL91.97m (approximately USD17m), reducing its stake from 80.48% to 53.33%. Read more… Read More
ThronTree Capital Partners led a BRL180m (approximately USD33.3m) Series B for Brazilian healthtech Alice, with participation from Endeavor Catalyst and follow-on from KaszeK Ventures, Canary, and Maya Capital. Read more… Read More
H.I.G. Capital has acquired Brazil-based pet food manufacturer FVO – Brasília Indústria e Comércio de Alimentos (FVO) for an undisclosed amount. Read more… Read More
CITIC Private Equity Funds Management, Guotai Junan International, and Wanxiang International have invested USD200m in Plus.Ai, a China-based autonomous driving technology developer and provider specialized in trucks, with follow-on from Full Truck Alliance. Read more… Read More
Coatue Management led a USD108m Series D for India-based fintech BharatPe, with follow-on from Ribbit Capital, Insight Partners, Steadview Capital, BeeNext, Amplo Opportunities, and Sequoia Capital. The latest funding round brings the company’s valuation to USD900m. Read more… Read More
Philadelphia Board of Pensions & Retirement has committed USD50m to the African Development Partners III (ADP III) fund, a pan-African, consumer-focused fund managed by Development Partners International (DPI). Read more… Read More
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