Brookfield to Acquire Indian Solar Power Business Emami Power
Brookfield Asset Management has agreed to acquire Emami Power, the solar power business of India-based conglomerate Emami Group, for an undisclosed amount. Read more… Read More
Abertis and GIC Acquire 72.3% Stake in Mexican Motorway Operator Red de Carreteras de Occidente from GSIP
Abertis and GIC have acquired a majority stake in Mexico-based motorway operator Red de Carreteras de Occidente. The consortium acquired a 70% stake from Goldman Sachs Infrastructure Partners and an additional 2.3% stake held by local investors and pension fund managers. Read more… Read More
Janchor Partners, RA Capital, Hillhouse Capital, and Jiashan SDIC Invest USD310m Series C for Chinese Drug Developer Everest Medicines
Janchor Partners, RA Capital Management, Hillhouse Capital, and Jiashan SDIC have invested a USD310m Series C for China-based biopharmaceutical company Everest Medicines, with participation from Decheng Capital, GT Fund, Janus Henderson Investors, Rock Springs Capital, and Octagon Investments. Existing backers CBC Group, Cormorant Asset Management, Pavilion Capital, and… Read More
RDIF, RTP Global, Elbrus Capital, and Baring Vostok Seed USD200m Joint Investment Platform for Russian Companies
The Russian Direct Investment Fund (RDIF), RTP Global, Elbrus Capital, and Baring Vostok have created a joint investment platform of up to USD200m to invest in Russian companies affected by the COVID-19 pandemic. Read more… Read More
IFC Commits Combined ~USD128.5m in Nigeria’s Zenith Bank, Tunisia’s Data Processor VACPA, Mozambique’s Westfalia Fruto Mozambique, And Egypt’s Globaltronics
International Finance Corporation has agreed to invest up to USD128.5m in African businesses, including a USD100m senior loan to Nigeria’s Zenith Bank; a USD11m senior loan to Tunisia’s date processor VACPA; a USD7.5m investment in Mozambique’s agribusiness Westfalia Fruto Mozambique; and a USD10m investment in Egypt’s electricity meter… Read More
PIC to Acquire South African Agribusiness Alzu Agri
South African asset manager Public Investment Corporation (PIC) has agreed to acquire South Africa-based agribusiness Alzu Agri on behalf of its client, the Government Employees Pension Fund of South Africa. The deal is subject to regulatory approval. Read more… Read More
IFC Commits up to USD30m to AfricInvest
International Finance Corporation has agreed to invest up to USD30m in AfricInvest IV. The fund, which targets USD500m and is managed by pan-African private equity fund manager AfricInvest, will focus on mid-market growth capital transactions in Africa. Read more… Read More
DFC Commits up to USD130m to Five EM Funds in Africa, Latin America, Southeast Asia, and India
US International Development Finance Corporation (DFC) has approved a series of commitments for a combined USD130m to five funds, including up to USD30m to AfricInvest Fund IV to support health care and financial services across Africa; up to USD30m to South Asia Growth Fund II to support businesses… Read More
Impact46 Leads USD36m Series A for Saudi Food Delivery Startup Jahez
Saudi VC Impact46 led a USD36m Series A for Saudi Arabia-based food delivery startup Jahez. Read more… Read More
Valor Capital Group and Redpoint eventures Lead USD47m Series B for Brazilian Bikeshare Company Tembici, IFC and Joá Investimentos Join
Valor Capital Group and Redpoint eventures led a USD47m Series B for Brazil-based bikeshare company Tembici, with participation from IFC and Joá Investimentos. Read more… Read More
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