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Denham Capital To Sell Nexif Energy’s Portfolio of Australian and SE Asia Assets to Thailand’s RATCH Group for USD605m
Denham Capital agreed to sell Nexif Energy, a renewables-focused power development and investment platform operating in Southeast Asia and Australia, to Thailand’s RATCH Group at a transaction equity value of USD605m and an enterprise value of more than USD1b. Denham established Nexif in August 2015 through its Sustainable Infrastructure platform. Read More
Lightrock Leads USD32m Series E2 for India’s Shiprocket at a USD1.2b Valuation
Lightrock India led a USD34m Series E2 for Shiprocket, an India-based Zomato-backed logistics startup, at a reported USD1.2b valuation, with participation from Temasek, Moore Strategic Ventures and Huddleat, and follow-on from Bertelsmann India Investments, PayPal Ventures and March Capital. Read More
IFC and Armstrong Asset Management To Exit Vietnam’s Gia Lai Electricity for USD112m
IFC and Armstrong Asset Management agreed to exit Vietnam-listed renewable energy power company Gia Lai Electricity for a reported USD112m. IFC and Armstrong acquired 16% and 20% stakes in the company, respectively, in June 2016. Read More
Google Africa Fund Invests in Kenya’s Lori Systems
Lori Systems, a Kenya-based logistics shipping platform, raised an undisclosed amount from Google, representing the third investment from Google’s USD50m Africa Investment Fund. Read More
Sango Capital Acquires Tunisia’s Sotipapier from SPE Capital
Sango Capital acquired a controlling stake in Sotipapier, the Tunisia-listed paper packaging manufacturer, from SPE Capital Partners and other shareholders. SPE invested in the company in 2012 before spinning out from investment banking firm Swicorp and partially exited in Sotipapier’s 2014 IPO and through a dividend recapitalization in 2017. Read More
Everstone Group To Exit Majority Stake in India’s Sahyadri Hospitals to OTPP
Ontario Teachers’ Pension Plan Board (OTPP) agreed to acquire a majority stake in Sahyadri Hospitals, an India-based hospital chain, from the Everstone Group for an undisclosed amount. The deal is expected to close by the end of 2022, and Everstone will retain a minority stake in the company. Read More
SoftBank and Sequoia China Lead USD110m Series D for China’s Dianxiaomi
SoftBank Vision Fund 2 and Sequoia China led a USD110m Series D for Dianxiaomi, a China-based e-commerce platform, with follow-on from Tiger Global Management, GGV Capital and Huaxing Growth Capital. Read More
KKR Sells 27% Stake in India’s Max Healthcare for ~USD1.2b
KKR sold its entire 27% stake in India-listed hospital chain Max Healthcare Institute for ~INR91.9b (~USD1.2b) via open market share sales. Read More
TLcom Leads USD5.5m Seed Round for Nigeria’s Pastel
TLcom Capital led a USD5.5m seed round for Pastel, a Nigeria-based business management platform for SMEs, with participation from Global Founders Capital, DFS Labs, Ulu Ventures, Plug and Play, Golden Palm Investments and Soma Capital. Read More
BECO Capital Leads USD10m Pre-series A for UAE’s Dukkantek
BECO Capital led a USD10m pre-Series A for Dukkantek, a UAE-based store management platform, with participation from Rocketship.vc and Chaos Ventures and follow-on from Colle Capital Partners, Comma Capital, AMK Investment Office, and Wamda. Read More
Loyal Valley Capital Leads ~USD148m Series B+ Round for China’s Jayson New Energy
Loyal Valley Capital led a more than CNY1b (~USD148m) Series B extension for Jayson New Energy, a China-based lithium ion battery manufacturer, with participation from CPE, Gaolin Capital, Estar Capital and Panorama Capital. Read more here and h Read More
Iporanga and Parallax Lead USD15m Series A for Brazil’s Klavi
Iporanga Ventures and Parallax Ventures led a USD15m Series A for Brazil-based open finance platform Klavi, with participation from GSR Ventures, CIP SA and Vivo Ventures. Read more here and h Read More