Industry Newsroom

Industry News

  • AfricInvest Exits Polymedic to NBK Capital Partners

    Pan-African private equity fund manager AfricInvest has exited its stake in Polymedic, a Morocco-based pharmaceuticals manufacturer, to Middle East and North Africa-focused alternative investment firm NBK Capital Partners. Polymedic...Learn More

  • RattanIndia Power's Debt to Be Acquired by Goldman Sachs & Varde Partners for USD566 Million

    A Goldman Sachs- and Varde Partners-led coalition of investors have agreed to acquire all of the outstanding debt of India-based power generation company RattanIndia Power from the company’s 12 existing lenders for INR40.5 billion...Learn More

  • GoMechanic Raises USD15 Million in Series B Round Led by Chiratae Ventures and Sequoia Capital

    India-based automotive services provider GoMechanic has received INR1.1 billion (approximately USD15 million) in a Series B funding round led by India-focused venture capital firm Chiratae Ventures and global venture capital investor...Learn More

  • Wamda Capital Invests in FlexxPlay

    Middle East and North Africa-focused venture capital fund manager Wamda Capital has invested in UAE-based employee benefits provider Flexxpay. The investment is reportedly part of a larger funding round that includes the company’s...Learn More

  • Goldman Sachs Exits CSS to IHS, Invests in Melhortaxa

    Global investment banking and asset management group Goldman Sachs, along with family office Centaurus Capital, has agreed to sell Brazil-based telecommunications infrastructure provider Cell Site Solutions (CSS) to IHS Towers, an...Learn More

  • Lenskart Raises USD275 Million from SoftBank Vision Fund

    Lenskart, an India-based eyewear retailer, has raised USD275 million in funding from the Softbank Vision Fund. The transaction comprised both a capital increase and the acquisition of existing shares from early investors in the...Learn More

  • Quantiphi Receives USD20 Million from Multiples

    India- and US-based enterprise software company Quantiphi has secured USD20 million in Series A funding from India-focused private equity firm Multiples Alternate Asset Management. Quantiphi offers applied artificial intelligence,...Learn More

  • Accion Sells Stake in Bancompartir to Credicorp

    Accion, a global financial inclusion-focused investor, has successfully exited its investment in Banco Compartir (Bancompartir), a Colombia-based microfinance institution, as part of the company’s acquisition by Credicorp, a Latin...Learn More

  • The Carlyle Group Acquires Minority Stake in Anxin Apartment

    Global alternative asset manager The Carlyle Group has acquired a minority stake in Anxin Apartment, a China-based corporate housing provider, through Carlyle Asia Growth Partners V and Carlyle Beijing Partners Fund II. Anxin provides...Learn More

  • Verod Capital Achieves USD200 Million Final Close of Third Fund

    West Africa-focused private equity firm Verod Capital Management has reached a final close with USD200 million in commitments for Verod Capital Growth Fund III. Investors in the fund include sovereign wealth funds, family offices,...Learn More