South African asset manager Public Investment Corporation (PIC) has agreed to acquire South Africa-based agribusiness Alzu Agri on behalf of its client, the Government Employees Pension Fund of South Africa. The deal is subject to regulatory approval. Read more… Read More
International Finance Corporation 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
US International Development Finance Corporation (DFC) has approved a series of commitments for a combined USD130m to five funds, including up to USD30m to AfricInvest Fund IV to support health care and financial services across Africa; up to USD30m to South Asia Growth Fund II to support businesses… Read More
Saudi VC Impact46 led a USD36m Series A for Saudi Arabia-based food delivery startup Jahez. Read more… Read More
Valor Capital Group and Redpoint eventures led a USD47m Series B for Brazil-based bikeshare company Tembici, with participation from IFC and Joá Investimentos. Read more… Read More
Goldman Sachs led a USD100m Series C for Jushuitan, a Chinese SaaS platform backed by Sequoia China, with participation from CICC Capital and Blue Lake Capital. Read more… Read More
General Atlantic has exited Brazil-based educational software company Arco Platform via a secondary share offering of 5,563,203 Class A common shares at USD47.70 apiece. Read more… Read More
Riverstone has agreed to acquire 80% of two solar power plants in Mexico from Spain-based developer Opdenergy and to form Vera Renovables, a joint venture focused on the development of new renewable energy projects. Read more… Read More
Enterprise Investors has exited its 34.4% stake in Lithuania-based tour operator Novaturas for EUR4.9m (approximately USD5.5m) via a series of secondary transactions. Read more… Read More
SoftBank led a BRL120m (approximately USD22m) Series B for Brazil-based data company Cortex, with participation from Redpoint eventures and Endeavor Catalyst. Read more… Read More
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