21 Concordia, a Poland-focused private equity firm affiliated with 21 Partners, has invested in Poland-based business to business laundry service provider Hollywood. With 21 Concordia's support, Hollywood plans to grow its business in Poland and enter new market segments and geographies. Financial details of the transaction were not disclosed. … Read More
Pan-African private equity firm AfricInvest has invested in Tanzania-based plastics manufacturer Silafrica Plastics and Packaging International (Silafrica). The transaction was structured through AfricInvest Fund III. Silafrica, which has a presence in Tanzania, Kenya, Ethiopia, Uganda and India, will use the new capital to expand both its product range and its… Read More
Africa-focused investment management firm Convergence Partners has acquired a minority stake in South Africa-based customer experience software provider InQuba. The transaction was structured through Convergence Partners Fund I. InQuba will use the new funds to expand its presence and to enhance its product offering. Financial details of the transaction were… Read More
India-focused private equity firm Paragon Partners has reached a first close for its maiden fund, Paragon Partners Growth Fund I, with US$50 million in capital commitments. Investors included India-based financial services companies IIFL and Edelweiss Group; India-based investment company Infina Finance; and Canada-based financial holding company Fairfax Financial. The fund… Read More
South Africa-focused private equity firm Medu Capital has acquired 100 percent ownership stakes in two South Africa-based companies, paint manufacturer Universal Paints and truck rental company Elite Truck Hire, for a total of ZAR450 million (approximately US$29 million). The transactions were structured through Medu III. Universal Paints manufactures and supplies… Read More
Technology-focused venture capital firm Amadeus Capital Partners has led a Series C round for India-based online marketplace IndiaMART. Other participants in the round included India-focused private investment firm WestBridge Capital; Quona Capital, an investor in growth-stage financial technology companies in emerging markets; and Intel Corporation’s venture capital arm Intel Capital. Read More
India-focused investment firm Aspada Investment Advisors, India-focused early stage venture capital firm Blume Ventures and a series of angel investors have invested US$650,000 in India-based Dunzo, the operator of a mobile application for managing personal tasks. The company, launched in 2015, allows consumers to complete a range of everyday tasks… Read More
MENA Infrastructure, an infrastructure fund manager focused on the Middle East, North Africa and Turkey region, has sold its 30 percent stake in Egypt-based port terminal operator Alexandria International Container Terminal to global port investor Hutchison Port Holdings. Separately, MENA Infrastructure has exited its 38 percent stake in Oman-based power… Read More
Nigeria-based e-commerce company Africa Internet Group (AIG) has secured EUR225 million (approximately US$244 million) from investment bank Goldman Sachs, South Africa-based telecom company MTN Group and global e-commerce investment company Rocket Internet. This amount is in addition to France-based insurer AXA’s EUR75 million (approximately US$81 million) investment in the company… Read More
Jobbatical, an Estonia-based platform that connects jobseekers to global tech jobs, has raised a US$2 million financing round from venture capital firms Union Square Ventures and LocalGlobe. Early-stage venture capital fund manager SmartCap also participated in the round. Jobbatical plans to use the new funding to improve its product and… Read More
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