Francophone West Africa-focused growth equity fund manager Adiwale Partners has reached a first close for Adiwale Fund I with EUR50 million (approximately USD56 million) in capital commitments. Investors in the fund include the African Development Bank, which committed EUR12.5 million (USD14 million), and other development finance intuitions and commercial investors… Read More
Vertex Venture Holdings, a US- and Asia-focused venture capital fund manager owned by Singaporean sovereign wealth fund Temasek Holdings, has reached a final close for its fourth USD-denominated China-focused fund. The firm has reportedly secured a total of CNY4 billion (approximately USD565 million) for the USD-denominated fund, as well as… Read More
The private capital arm of Abu Dhabi state investor Mubadala Investment Company and venture capital firm Point72 Ventures have led a USD16 million Series B investment in Bayzat, a UAE-based human resources, payroll, and employee benefits platform. Other participants in the funding round include Saudi Arabia state-owned technology company Elm,… Read More
Hainan Golden Technology, a China-based enterprise software and data services company, has raised CNY1 billion (approximately USD141 million) in a Series B financing round led by its parent company Tencent Holdings. Shenzhen Capital Group, CDH Investments, China Investment Corporation, and China Finance Fund—as well as existing investors such as Wanda… Read More
Canada-listed pharmaceutical company Knight Therapeutics has agreed to acquire a 51 percent stake in Uruguay-based, Brazil-listed drug development and manufacturing company Grupo Biotoscana (GBT) from private capital fund managers Advent International and Essex Woodlands Healthcare Partners for BRL595.6 million (approximately USD145 million). The deal will trigger a mandatory takeover bid… Read More
Indonesia-based food services company Yummy has raised USD7.75 million in a Series A funding round led by Indonesia-focused venture capital fund manager Intudo Ventures and Sinarmas Digital Ventures (SMDV), the venture capital arm of Indonesia-based conglomerate Sinar Mas. Additional participants in the investment round include Southeast Asia-focused venture capital firms… Read More
Egypt-focused private equity fund manager Ezdehar Management has agreed to acquire a 30 percent stake in Family Group, an Egypt-based logistics and automotive services company. Family Group, which was formed through the consolidation of five Egypt-based companies across the logistics value chain, plans to use the new partnership with Ezdehar… Read More
India- and Latin America-focused impact investing fund manager Elevar Equity has led a USD3 million Series A investment in Mexico-based e-commerce platform Canasta Rosa. Other participants in the funding round include WPSS Consumer Investments and angel investors. The company, which allows micro-entrepreneurs to sell handmade products on its online marketplace,… Read More
Southeast Asia-focused venture capital firm Insignia Ventures Partners has reached a final close for Insignia Ventures Fund II with USD200 million in capital commitments. Investors in the fund include sovereign wealth funds, university endowments, foundations, and family offices from Asia, Europe, and North America. The fund will make early-stage investments… Read More
Global private equity firm Warburg Pincus and Premji Invest, the investment firm of Wipro chairman Azim Premji, have agreed to acquire a 26 percent stake in India-based SBI General Insurance Company from Australia-listed Insurance Australia Group (IAG) for AUD640 million (approximately USD432 million). Premji Invest will acquire a 16.01 percent… Read More
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