Goldman Sachs, Odey Asset Management, and LeapFrog Investments have invested USD55m in South African fintech startup Jumo. The company serves markets in Africa and Asia. Read more… Read More
QED Investors has reached a final close for its sixth fund with USD350m in commitments. The vehicle targets early- and growth-stage fintech companies in North America, South America, and the United Kingdom. Read more… Read More
The Carlyle Group will partially exit India-based credit card-issuing company SBI Cards & Payment Services via an IPO estimated at USD1.25b. Carlyle will sell just over a third of its 26% stake and is positioned to make 9.4 times in returns after only two… Read More
The Carlyle Group has announced it will open its Middle Eastern regional headquarters in Abu Dhabi through a partnership with Abu Dhabi Catalyst Partners, a joint venture between Mubadala Investment Company and Falcon Edge Capital. Read more… Read More
Multiples Alternate Asset Management exited India-based industrial machinery manufacturer The Anup Engineering via a sale of its 2.22% stake in the company for approximately USD1.6m. Read more… Read More
Private equity investors Genesis Capital and ESPIRA investments have acquired a minority stake in Warsaw-listed data processing and management company Summa Linguae Technologies (SLT) from V4C Poland Plus Fund. V4C acquired a majority stake in the company in… Read More
CDC Group led a USD20m Series B for India-based startup iMerit Technology Services. Existing investors Omidyar Network, Michael and Susan Dell Foundation, and Khosla Impact also participated in the round. Read more… Read More
Actis and Westmont Hospitality Group acquired the Sheraton Casablanca Hotel in Morocco. Actis and Westmont established a joint venture in 2018 and completed their first acquisition later that year. Read more… Read More
Americold Realty Trust has agreed to acquire a 15% stake in SuperFrio Armazéns Gerais, a Brazilian cold storage operator owned by Patria Investimentos, for USD28m. Read more… Read More
The European Bank for Reconstruction and Development (EBRD) has provided EUR15m (approximately USD16.2m) in financing to Varroc Lighting Systems Morocco to provide automotive industry training and employment opportunities for young people across the country. Read More
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