Dutch development finance institution FMO has invested EUR12.5m (approximately USD13.5m) in African microfinance group Compagnie Financiere Africaine (COFINA) via two transactions: a EUR7.5m (approximately USD8.1m) investment in Cofina’s subsidiary in Senegal and a EUR5m (approximately USD5.4m) investment in Cofina Côte d’Ivoire. Read more… Read More
Central Europe-focused private equity fund manager Genesis Capital has acquired Czech Republic-based call center operator Conectart from private investment group KKCG through Genesis Private Equity Fund III (GPEF III). Read more… Read More
Lithuania-focused growth capital firm LitCapital has exited Lithuania-based temperature-controlled logistics company NNL LT to the founders of the company. Read more… Read More
Asia- and North America-focused venture capital firm GGV Capital led a USD230m Series A for JD MRO, a subsidiary of China-based JD.com that delivers industrial maintenance, repair and operations (MRO) products and services, with participation from Sequoia Capital China and CPE. Read more… Read More
Ethiopia-focused fund manager Cepheus Growth Capital Partners has made an undisclosed investment in Ethiopia-based fast-moving consumer goods manufacturer East African Lion Brands Manufacturing Share Company. Read more… Read More
Emerging Capital Partners-backed money transfer operator Mukura has acquired the Malawian assets of South Africa-based fintech Zoona. The details of the transaction are undisclosed. Read more… Read More
General Atlantic has invested USD870m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 1.34% stake. Facebook, Silver Lake, and Vista Equity Partners recently invested in the company and hold 9.99%, 1%, and 2.3%, respectively. Read more… Read More
Brazilian private equity manager Oria Capital has invested BRL40m (approximately USD6.8m) in Brazil-based HRtech Gupy. Read more… Read More
Sequoia Capital China and Tencent have invested a combined USD244m in the property management unit of China-based Shimao Property. Sequoia and Tencent invested USD130m and USD114m, respectively. Read more… Read More
India-focused VC Chiratae Ventures, Accel Partners, and Bain Capital have invested USD3.3m in India-based online rental marketplace Rentomojo. Accel now holds ~26% in the startup, while Chiratae and Bain Capital hold ~25% and ~9%, respectively. Read more… Read More
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