Argentina-based cybersecurity solutions company VU Security has raised US$4.3 million in a Series A round led by Latin America-focused private asset management firm INICIA, with participation from seed fund and accelerator NXTP Labs. VU plans to use the funds to expand its team and presence in the region. NXTP Labs… Read More
Development finance institution CDC Group and Africa-focused agriculture social impact investor and project developer AgDevCo have invested US$11.5 million in Malawi-based agriculture developer Jacoma Estates. CDC will invest US$8 million in equity and AgDevCo will provide US$3.5 million structured as debt and preferred shares. Jacoma plans to use the funds… Read More
ARPE, a Uganda-based power project developer backed by emerging markets-focused fund manager Berkeley Energy and Italy-based construction company PAC, has received a US$84 million loan package to support the construction of a 42-megawatt hydroelectric plant in the Pader district of northern Uganda. The African Development Bank will commit US$19 million… Read More
RMB Corvest and RMB Ventures, investment arms of South Africa-based Rand Merchant Bank (RMB), together with South Africa-based Mineworkers Investment Company, have acquired South Africa-based industrial equipment manufacturer Universal Industries, giving Africa-focused alternative investment firm Ethos a full exit from the company. Ethos originally invested in Universal Industries in 2011… Read More
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has led a US$100 million Series C round for China-based online used-car auction platform Mychebao. The company, also known as Chezhibao, will use the funds to provide financial, logistics, cloud technology and car evaluation services to… Read More
Impact investment firms responsAbility Investments and Incofin Investment Management have invested US$20 million in India-based agricultural logistics services provider Sohan Lal Commodity Management (SLCM). The transaction involved a secondary sale of shares by existing investors Everstone Capital, Mayfield Advisors, Nexus Venture Partners and ICICI Investment Management. Incofin invested through its… Read More
Southeast Asia-focused venture capital firm Kejora Ventures has led a Series A funding round for Indonesia-based point-of-sale technology startup Pawoon. Other undisclosed investors also took part in the round. Pawoon plans to use the funds to expand its sales and marketing efforts and for research and development. Financial details of… Read More
NBK Capital, a subsidiary of the National Bank of Kuwait, has exited the stake held by the Kuwait Investment Opportunities Fund in Saudi Arabia-based health care group Elaj Medical Services (EMS) to a consortium of doctors. NBK originally invested in EMS, which owns and operates the Taiba Hospital in Kuwait,… Read More
Global growth markets investor Actis has partially exited its stake in India-listed infrastructure finance company IDFC for INR1.1 billion (approximately US$17 million). Actis sold approximately 21 million shares for INR53.15 (approximately US$0.80) per share. The firm originally invested in IDFC in 2010 and reportedly still holds an approximately 0.8% stake… Read More
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has acquired a 47 percent stake in POS Media Group, a Czech Republic-based provider of point-of-sale advertising and in-store communications solutions. The company plans to use the funds to expand its current portfolio of products and services and to enter new… Read More
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