Pan-African private equity fund manager Development Partners International (DPI) has invested USD35 million in African facilities management specialist International Facilities Services (IFS). The company provides catering, maintenance, laundry, and housekeeping services to clients on remote sites and will use the funds to support acquisitions and working capital requirements for existing… Read More
Africa-focused investment fund manager Amethis has reached a first close for Amethis Fund II with EUR305 million (approximately US$349 million) in capital commitments. Investors in the fund include the Edmond de Rothschild Group, Ariane and Benjamin de Rothschild’s family, Madagascar-based conglomerate Axian Group and development finance institutions IFC, Proparco, Bpifrance… Read More
Indonesia-based ride-hailing, delivery and personal services platform Go-Jek has reportedly raised US$1 billion as part of its Series F funding round led by corporate investors Google, JD.com and Tencent Holdings. Mitsubishi Corporation and Provident Capital also participated in the round. Go-Jek’s previous backers include private investment fund managers KKR, Warburg… Read More
Global venture capital firm Partech Partners has closed Partech Africa Fund with EUR125 million (approximately US$143 million) in commitments. Investors in the firm’s inaugural Africa fund include development finance institutions the EIB, IFC, KfW, FMO and AfDB, as well as corporate investors Orange, Edenred, JCDecaux Holding, Bertelsmann, L’Oreal, Axian Group… Read More
India-focused private equity fund manager InvAscent has closed India Life Sciences Fund III at its hard cap of US$250 million in commitments. Investors in the fund—which will provide equity growth capital to India-based pharmaceutical, health care and medical technology companies—include pension funds, endowments, family offices and funds of funds from… Read More
Mexico-based electric scooter startup Grin and Brazil-based dockless bike and scooter provider Yellow have merged to form Grow Mobility. The new company, which operates more than 135,000 vehicles across six countries in Latin America, has also reportedly received an investment of US$150 million from undisclosed investors to support the merger… Read More
Pan-African food and agriculture-focused private equity fund manager EXEO Capital has acquired a 37 percent stake in South Africa-based FMCG manufacturer Jumbo Brands. The company produces a variety of juices, coffees and snack foods and plans to partner with EXEO to grow its current product lines and acquire other businesses… Read More
The Rise Fund, an impact investing fund managed by global investment firm TPG, and emerging markets-focused venture capital firm Elevar Equity have led a Series A investment round of INR250 million (approximately US$3.5 million) for content platform The Better India. The company, which publishes online news focused on positive stories… Read More
Global alternative asset manager Investcorp has acquired the private equity and real estate investment management businesses of India-focused private investment fund manager IDFC Alternatives, along with the firm’s existing team of 20 investment professionals. The businesses currently manage approximately US$430 million in assets across two private equity funds and two… Read More
Middle East-focused alternative asset manager Gulf Capital has exited its investment in Amana Healthcare, a U.A.E.-based provider of long-term care, medical rehabilitation and specialized home health care services, through the sale of a majority stake in the business to a strategic health care buyer. Gulf originally invested US$25 million in… Read More
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