AP Moller Capital has partnered with Olam International and Africa Finance Corporation (AFC) to invest in a West African ports and logistics platform managed by UK-based ARISE Ports & Logistics. AP Moller will invest via its Africa Infrastructure Fund and acquire a 43% stake in the platform, while… Read More
Singaporean sovereign wealth fund GIC and Norwegian development finance institution Norfund have agreed to acquire a 30% stake for MMK130b (USD87.4m) in Myanmar-based Yoma Bank. Read more»… Read More
Ibtikar Fund led an undisclosed pre-Series A investment in Palestine-based gamification startup Gamiphy with participation from Kuwait-based Al Mohallab Kuwait Real Estate Company and Al-Joud Kuwait Holding Company. Gamiphy completed the Startup Chile program in 2019. Read more»… Read More
Northgate Capital and Alta Growth Capital acquired a majority equity interest in USK Urresko Holding S.A.P.I. de C.V. (“USK”), a manufacturer serving the North American heavy truck industry. Financial terms of the transaction were not disclosed. Read more»… Read More
The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management, provided EUR28m (USD 31m) in financing to Cote D’Ivoire-based Azito Energie as part of EUR330m (USD365m) round. Read more»… Read More
US-based VC firm Lateral Capital reached a first close for its first sub-Saharan Africa fund with USD50m in commitments, more than double the initial closing target of USD20m. The fund targets early-stage and growth-stage startups across Africa. Read more»… Read More
Polish private equity firm Avallon reached a USD88m first close for Avallon MBO Fund III. The fund, targeting USD143m, plans to invest in companies operating in a range of sectors, including new technologies, consumer goods, and manufacturing. Read more»… Read More
Beirut-based digital dental startup Basma secured USD1.2m in a seed funding round led by Lebanese VC firms B&Y Venture Partners and Cedar Mundi Ventures, with participation from iSME and angel investors. The startup plans to use the funding to fund its expansion in the Middle East and North… Read More
B2B marketplace for packaging materials Bizongo, operated by Smartpaddle Technology, raised USD30m in Series C funding led by Swiss hedge fund Schroder Adveq. B Capital, International Finance Corporation, Accel, and Chiratae Ventures also participated in the round. Read more» … Read More
Tiger Global Management reached a final close for Private Investment Partners XII with USD3.75b in commitments. The venture fund will invest in private technology companies focusing on consumer internet, cloud, and industry-specific software globally. Read More
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