Aleyo Capital has agreed to invest USD5.3m for a 29.1% stake in Zimbabwe-based financial services company First Mutual Reinsurance Holdings. Under the agreement, First Mutual will establish a subsidiary, First Mutual Reinsurance Holdings Limited (FMRHL), in Botswana, which will house its two re-insurance businesses. The deal is subject… Read More
CDC Group has made a USD12m follow-on investment in Miro Forestry, a sustainable forestry and timber business with operations in Ghana and Sierra Leone. The investment is part of the company’s USD48m funding round. Read more… Read More
GIC and Brookfield Asset Management have received government approval to acquire India-based telecom tower company Reliance Jio Infratel from a unit of Reliance Industries for INR252b (approximately USD3.4b). Read more… Read More
PAG has sold its 100% stake in South Korea-based toymaker Young Toys to a consortium including Nvestor, Corstone Asia, and Mirae-N, for USD127m. Read more… Read More
China-based smart EV company Xpeng Motors has raised USD1.5b in its IPO on the New York Stock Exchange in an offering of 99.7m shares at USD15 apiece. Existing shareholders Alibaba, Coatue, Qatar Investment Authority, and Xiaomi have subscribed for and been allocated an additional 6.65m, 2m, 1m, and… Read More
Jive Gestão de Recursos reached a BRL2.2b (approximately USD373m) first close for its third fund, CSHG JIVE Distressed III FIC-FIM CP, which focuses on distressed assets in Brazil. Read more… Read More
Google’s AI-focused venture fund Gradient Ventures led a USD14m Series A for Mexico-based challenger bank Fondeadora, with participation from Y Combinator, Scott Belsky, Sound Ventures, Fintech Collective, and Ignia Partners. Read more… Read More
SP Ventures has reached a USD17.2m first close for its Latin America-focused agrifoodtech fund. The vehicle, which targets USD50m, counts Syngenta Ventures and BASF among its investors. Read more… Read More
DST Global has invested USD122m in the ongoing Series F for India-based edtech Byju’s for a 1.2% stake in the company. Read more… Read More
KKR led a USD150m Series E1 for China-based edtech Huohua Siwei, with follow-on from existing investors GGV Capital, GSR Ventures, Sequoia Capital China, IDG Capital, and Longfor Capital. Read more… Read More
(default archive template)