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Actis Acquires City Lodge Hotel Group’s East Africa Operations for ~USD9.5m
Actis agreed to acquire the East African operations of City Lodge Hotel Group for ZAR142m (~USD9.5m) in an all-cash deal. Read More
BTOV and Rocket Internet Lead USD65m Series A for Turkish Proptech Tiko
BTOV and Rocket Internet led a USD65m Series A for Turkey-based proptech Tiko, with participation from Class 5 Ventures and angel investors. Read More
Alloy Merchant Finance to Invest Up to ~USD9.9m in Mexico’s Podemos Progresar
Alloy Merchant Finance agreed to invest up to MXN200m (~USD9.9m) in Podemos Progresar, a Mexico-based microfinance company, through a structured loan. Read More
TPG- and KKR-Backed PropertyGuru to Go Public via SPAC
PropertyGuru, a Singapore-based proptech backed by TPG Capital and KKR, agreed to go public via a merger with SPAC Bridgetown 2 Holdings. The deal will include a USD100m PIPE from investors including Baillie Gifford, Naya, REA Group, Akaris Global Partners and a Malaysian asset manager. Read More
I Squared Acquires 78% Stake in Colombia’s Sociedad Portuaria Regional de Barranquilla for USD220m
I Squared Capital acquired a ~78% stake in Colombia-based port operator Sociedad Portuaria Regional de Barranquilla for a reported USD220m, facilitating an exit for Chile-based Southern Cross Group. Read More
Thoma Bravo, Bond, Altimeter, Others Invest USD900m Series B for Hong Kong’s Crypto Exchange FTX
Hong Kong-based cryptocurrency exchange FTX raised a USD900m Series B at a reported USD18b valuation from a large group of investors including Thoma Bravo, Bond, Altimeter, Paradigm, Sequoia Capital, Ribbit Capital, Insight Partners, Lightspeed Venture Partners, NEA, Coinbase Ventures, Sino Global Capital, Multicoin and SoftBank. Read More
I&P Invests in Cameroon’s Pigier Cameroun
Investisseurs & Partenaires (I&P), through its I&P Afrique Entrepreneurs 2, invested in Pigier Cameroun, a Cameroon-based private business school offering training in human sciences and management at graduate and postgraduate levels. Read More
CrossBoundary, Oikocredit, Triodos and EDFI ElectriFI Provide Financing to Africa’s PowerGen
CrossBoundary Energy Access, Oikocredit, Triodos Investment Management and EDFI ElectriFI provided project financing to PowerGen, a developer of on-grid and off-grid distributed energy in Africa, to support the construction of mini-grids in rural Nigeria. Read More
Oria Capital-Backed Zenvia Raises USD150m in Nasdaq IPO
Zenvia, a Brazil-based CPaaS backed by Oria Capital, raised USD150m in its IPO on the Nasdaq. Read More
Tribe Capital, IFC Emerging Asia and VEF Lead USD67m Series E for India’s BlackBuck
Tribe Capital, IFC Emerging Asia Fund and VEF led a USD67m Series E for India-based trucking platform Blackbuck, with follow-on from Wellington Management, Sands Capital and IFC, at a reported USD1.02b valuation. Read More
INCE Capital Reaches USD450m First Close for Second China VC Fund
INCE Capital reached a USD450m first close for INCE Capital Fund II. The vehicle targets early-stage investments in Chinese consumer technology and internet companies. Read More
Convergence Partners Reaches USD120m First Close for Digital Infrastructure Fund
Convergence Partners reached a USD120m first close for its Convergence Partners Digital Infrastructure Fund. The vehicle has a target size of USD250m and will invest in the digital infrastructure ecosystem in Africa, specifically in fiber, wireless, data centers and towers, as well as 5G, cloud, IoT, AI, fintech and network virtualization. Read More