Existing investors Gaja Capital, Kotak Mahindra Life, Lok Capital, Teachers Insurance and Annuity Association of America (TIAA), and LN Bangur Group’s investment arm Kiran Vyapar have invested USD8.2m in India-based non-banking finance company Suryoday Small Finance Bank. Read more… Read More
Asian Development Bank has approved a USD300m loan to Geo Dipa Energi, an Indonesian state-owned company, to increase the country’s geothermal electricity generation capacity. ADB will also provide USD35m from its Clean Technology Fund for the project. Read more… Read More
IDG Capital and CPE led a USD1b Series B for China-based gene sequencing equipment manufacturer MGI Tech, a subsidiary of genomics company BGI Group, with participation from Huaxing Growth Capital, Guofang Capital (under Shanghai International Group), Huatai Zijin Investment (under Huatai Securities), Ti Capital, Sailing Capital, Co-Stone Capital,… Read More
CDC Group led a USD17m investment in Ghana-based prescription drug inventory management company mPharma, with participation from previous investors including former Novartis CEO Dr. Daniel Vasella, Silicon Valley investor Jim Breyer, and Italy-based family office Dompe Holdings. Read more… Read More
South African asset manager Public Investment Corporation (PIC) has acquired a 13% stake in Morocco-based real estate platform Aradei Capital on behalf of its client, the Government Employees Pension Fund of South Africa, for USD50m. The European Bank for Reconstruction and Development, Label’Vie, SANAM Holding, and Best Financière… Read More
Switzerland-based agri-food investor Pioneering Ventures has acquired India-based agtech Lateral Praxis for an undisclosed amount. Read more… Read More
Matrix Partners led a USD26.5m Series A for India-based Ola Financial Services, the financial services arm of cab-hailing platform Ola, with participation from Falcon Edge, Gemini Investments, and Arun Sarin’s family office. Read more… Read More
Warburg Pincus has agreed to increase its stake in Singapore-based real estate fund manager ARA Asset Management from 30.7% to 48.7% through a series of transactions expected to be completed by May 2021. Fellow shareholders Straits Trading, CK Assets Holding, and JL Investment Group (an entity owned by… Read More
Naya Capital Management has invested EUR100m (approximately USD109m) in Estonia-based ridesharing and food delivery app Bolt in the form of a convertible note. Naya Capital previously invested in the company’s USD67m Series C in July 2019. Read more… Read More
UFF Agri Asset Management, a specialty advisor for agricultural investments in Africa backed by Old Mutual Investment Group, has invested in Malawi-based agribusiness and macadamia producer Jacoma Estates and its subsidiary Tropha Estates. CDC Group and AgDevCo are investors in the company. Read more… Read More
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