3one4 Capital Reaches First Close of USD21 Million for Continuum Fund

India-focused venture capital firm 3one4 Capital has reached a first close for its Continuum fund with INR1.5 billion (approximately USD21 million) in commitments. Investors in the firm’s third vehicle include a US-based university endowment and Japanese diversified conglomerate Sojitz Corporation. The fund, which aims to raise a total of INR3.5… Read More

Promecap Acquires Credit Portfolio from Finterra for USD7 Million

Mexico-focused private investment firm Promecap has acquired a portion of the outstanding loan portfolio of Mexico-based agricultural bank Finterra for MXN131 million (approximately USD7 million). The transaction forms part of Finterra’s plan to divest up to 35 percent of its outstanding loan portfolio in order to generate additional liquidity. Read More

Rivigo Raises USD36 Million from Warburg Pincus and SAIF Partners

India-based logistics technology company Rivigo Services has secured USD36 million in a funding round led by global private equity fund manager Warburg Pincus. India-focused venture capital firm SAIF Partners also participated in the round. Warburg, which originally invested in the company in 2016, contributed INR1.5 billion (approximately USD21 million) of… Read More

Blackstone Group to Exit Black Rhino

Global alternative asset manager Blackstone Group has agreed to exit South Africa-based energy infrastructure project developer Black Rhino Group to the company’s management team. In addition, Blackstone has sold the rights to develop the Qua Iboe power plant in Nigeria to UK-based project developer Globeleq. Blackstone originally acquired control of… Read More

L Catterton Invests in Femme and Grupo MYT

L Catterton has agreed to invest in Brazil-based women’s health care provider Femme – Laboratório da Mulher. The company, which offers various diagnostic and clinical services at six laboratories in Brazil, plans to partner with L Catterton to expand its network of clinics, roll out additional services, and enhance marketing… Read More

DPI Invests USD35 Million in IFS

Pan-African private equity fund manager Development Partners International (DPI) has invested USD35 million in African facilities management specialist International Facilities Services (IFS). The company provides catering, maintenance, laundry, and housekeeping services to clients on remote sites and will use the funds to support acquisitions and working capital requirements for existing… Read More

Amethis Holds First Close for Amethis Fund II with US$349 Million in Commitments

Africa-focused investment fund manager Amethis has reached a first close for Amethis Fund II with EUR305 million (approximately US$349 million) in capital commitments. Investors in the fund include the Edmond de Rothschild Group, Ariane and Benjamin de Rothschild’s family, Madagascar-based conglomerate Axian Group and development finance institutions IFC, Proparco, Bpifrance… Read More

Go-Jek Raises US$1 Billion in Latest Funding Round

Indonesia-based ride-hailing, delivery and personal services platform Go-Jek has reportedly raised US$1 billion as part of its Series F funding round led by corporate investors Google, JD.com and Tencent Holdings. Mitsubishi Corporation and Provident Capital also participated in the round. Go-Jek’s previous backers include private investment fund managers KKR, Warburg… Read More

Partech Closes Africa Fund at US$143 Million

Global venture capital firm Partech Partners has closed Partech Africa Fund with EUR125 million (approximately US$143 million) in commitments. Investors in the firm’s inaugural Africa fund include development finance institutions the EIB, IFC, KfW, FMO and AfDB, as well as corporate investors Orange, Edenred, JCDecaux Holding, Bertelsmann, L’Oreal, Axian Group… Read More



(default archive template)