FMO has approved the commitment of USD10m to Eco.business II Sub-Fund, an open ended debt fund managed by Finance-In-Motion, which will invest in ecologically sustainable businesses with a special focus on fighting deforestation in sub-Saharan Africa. Read more… Read More
FountainVest and Tiger Global Management led a USD750m Series E for China-based edtech Zuoyebang, with participation from Qatar Investment Authority, Sequoia Capital China, Softbank Vision Fund I, Tiantu Capital, and Xianghe Capital. Read more… Read More
KKR has agreed to acquire an 11.9% stake in Philippines-listed power developer First Gen Corp for USD192.2m through its Singapore-based subsidiary Valorous Asia Holdings. Read more… Read More
The Carlyle Group has agreed to acquire a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises for USD490m. Read more… Read More
International Finance Corporation has agreed to provide a USD50m senior loan to Kenya-based financial services provider Equity Bank Kenya under its COVID-19 Emergency Response WCS Envelope. The loan will expand the Bank’s lending operations to MSMEs in Kenya. Read more… Read More
US-based VC Bond Capital has invested an undisclosed amount in India-based edtech Byju’s, joining investors General Atlantic, Tiger Global Management, and Tencent. Read more… Read More
Southeast Asia-focused VC East Ventures has reached a first close for its latest seed fund targeting USD88m. The vehicle will focus on tech investments in digital companies in Southeast Asia in the aftermath of COVID-19. Read more… Read More
International Finance Corporation has agreed to invest up to USD25m in Lorax Fund II, a vehicle targeting USD250m and focused on mid-cap companies with growth potential primarily in Egypt. Read more… Read More
Proparco has agreed to invest up to USD30m in AfricInvest IV. The fund, which targets USD500m and is managed by pan-African private equity fund manager AfricInvest, will focus on mid-market growth capital transactions in Africa. Read more… Read More
QED Investors and LEAP Global Partners have invested USD3m in Mexico-based HRtech Worky. Read more… Read More
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