Pioneering Ventures Acquires Indian Agtech Lateral Praxis
Switzerland-based agri-food investor Pioneering Ventures has acquired India-based agtech Lateral Praxis for an undisclosed amount. Read more… Read More
Matrix Partners Leads USD26.5m Series A for India’s Ola Financial Services
Matrix Partners led a USD26.5m Series A for India-based Ola Financial Services, the financial services arm of cab-hailing platform Ola, with participation from Falcon Edge, Gemini Investments, and Arun Sarin’s family office. Read more… Read More
Warburg Pincus Increases Stake in Singapore’s ARA Asset Management to 48.7%
Warburg Pincus has agreed to increase its stake in Singapore-based real estate fund manager ARA Asset Management from 30.7% to 48.7% through a series of transactions expected to be completed by May 2021. Fellow shareholders Straits Trading, CK Assets Holding, and JL Investment Group (an entity owned by… Read More
Naya Capital Invests USD109m via Convertible Note in Estonian Ridesharing and Food Delivery App Bolt
Naya Capital Management has invested EUR100m (approximately USD109m) in Estonia-based ridesharing and food delivery app Bolt in the form of a convertible note. Naya Capital previously invested in the company’s USD67m Series C in July 2019. Read more… Read More
Old Mutual-Backed UFF Agri Invests in Malawian Agribusinesses Jacoma Estates and Tropha Estates
UFF Agri Asset Management, a specialty advisor for agricultural investments in Africa backed by Old Mutual Investment Group, has invested in Malawi-based agribusiness and macadamia producer Jacoma Estates and its subsidiary Tropha Estates. CDC Group and AgDevCo are investors in the company. Read more… Read More
Mediterrania-Led Consortium Acquires Egyptian Diagnostics Imaging Company MetaMed for ~
A consortium of investors led by Africa-focused growth equity fund manager Mediterrania Capital Partners has acquired Egypt-based diagnostics imaging company MetaMed from Middle East- and Africa-focused alternative investment firm Gulf Capital for over EUR100m (approximately USD109m). Mediterrania provided USD25m through Mediterrania Capital III, while the remaining USD75m were… Read More
Hahn & Co. and Hana Financial Acquire South Korean Bulk Carrier H-Line Shipping for USD1.45b
Hahn & Co. and Hana Financial Group have agreed to acquire 100% of South Korea-based H-Line Shipping, the former bulk carrier of bankrupt Hanjin Shipping, for USD1.45b. The two firms will create a fund for the leveraged buyout of H-Line Shipping, which is currently owned by another fund… Read More
Inventus Capital Leads USD2.6m Series A for Indian Electric Automotive Startup Euler Motors
Inventus Capital Partners led a USD2.6m Series A for India-based electric automotive startup Euler Motors, with participation from Blume Ventures, Jetty Ventures, and Udaan co-founder Sujeet Kumar. Read more… Read More
Reflex Capital, Fast Forward, and Lighthouse Ventures Invest USD3.8m in Czech Proptech Spaceti
A consortium of investors, including existing investors Reflex Capital and Fast Forward, and new investors Lighthouse Ventures and Kamil Vacek, has made a USD3.8m seed investment in Czech Republic-based workspace-focused proptech Spaceti. Read more… Read More
Swedfund Provides ~USD5.5m Loan to Platcorp to Support SMEs in East Africa
Swedish development finance institution Swedfund has provided EUR5m (approximately USD5.5m) in financing to Platcorp, a financial institution providing credit to private individuals and SMEs in Kenya, Uganda, and Tanzania. Read more… Read More
(default archive template)