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Omnivore Exits India’s Eruvaka to Nutreco for a Reported USD40-50m
Omnivore Partners exited India-based agritech Eruvaka to Nutreco for a reported USD40-50m.Omnivore first invested in Eruvaka in its Series A in 2013, following on in its Series B in 2018. Nutreco has increased its stake in Eruvaka to 93.7% and plans to take full ownership in 2023. Read more here, here and h Read More
Oui Capital Reaches ~USD11m First Close for Second Pan-Africa Seed-stage Venture Fund
Oui Capital reached a ~USD11m first close for its second fund Mentors Fund II. The vehicle focuses on pan-Africa pre-seed- and seed-stage startups and has a target of USD30m. Read More
Ashmore To Exit Electribus Bogotá To Colombia’s John Laing Group
John Laing Group agreed to acquire Electribus Bogotá, comprising two Colombia-based electric bus concessions, for an undisclosed amount, providing an exit for Ashmore Group through its fund Ashmore Andean Fund II. Electribus is an availability-based public-private partnership project. Read More
Augment Infrastructure and IFU Invest USD85m in Brazil’s Órigo Energia
Augment Infrastructure and the Danish Investment Fund for Developing Countries (IFU) agreed to invest USD85m in equity in Órigo Energia, a Brazil-based distributed generation solar energy company backed by TPG, ART-Circularis, MOV Investimentos and Mitsui. Read More
Actis To Acquire Controlling Stake in UAE’s Yellow Door Energy
Actis, through its USD6b Energy 5 Fund, agreed to acquire a controlling stake in Yellow Door Energy, a UAE-based commercial and industrial solar platform, for an undisclosed amount. The IFC led a USD65m investment in Yellow Door Energy in 2019 with participation from Equinor, Arab Petroleum Investments Corporation, Mitsui and Adenium Energy Capital. Read More
India’s Jai Kisan Raises USD50m Equity and Debt Series B First Tranche
India-based rural fintech Jai Kisan raised USD50m in equity and debt in the first tranche of its Series B round at a reported USD200-240m valuation. GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures, as well as existing investors Blume Ventures, Arkam Ventures, Mirae Asset Capital and Snow Leopard Ventures invested equity. Northern Arc, Alteria and MAS Financial provided… Read More
Carlyle and Advent International To Acquire Up to a Combined 20% Stake in India’s YES BANK for USD1.1b
Carlyle and Advent International each agreed to acquire up to a 10% stake in India-listed commercial bank YES BANK for a combined USD1.1b. The deal includes USD640m in equity shares and USD475m in warrants. Read more here, here and here. Read More
India’s Jai Kisan Raises USD50m Debt and Equity Series B from GMO Venture Partners, Yara Growth, Blume Ventures, Others
India-based rural fintech Jai Kisan raised USD50m in debt and equity in a first close of its ongoing Series B from GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures, and existing investors Blume Ventures, Arkam Ventures, Mirae Asset, Snow Leopard Ventures and others. The debt funding was provided by Northern Arc, Alteria and MAS Financial. In 2021, Jai… Read More
Vinci Partners To Acquire Brazil’s SPS Capital
Vinci Partners agreed to acquire SPS Capital, a Brazil-based alternative asset manager with BRL2b (~USD376m) in assets under management, for an undisclosed amount. Read More
Shorooq Partners Leads USD4.5m Pre-seed Round for Pakistan’s DealCart
Shorooq Partners led a USD4.5m pre-seed round for Pakistan-based social commerce platform DealCart, with participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Rally Cap Ventures and angel investors. Read More
Sequoia Capital and Kleiner Perkins Lead USD17.6m Seed Round for Pakistan’s Dbank
Sequoia Capital Southeast Asia and Kleiner Perkins led a USD17.6m seed round for Pakistan-based fintech Dbank, with participation from Nubank, Askari Bank and Rayn. Read More
Sunman Group Acquires Romania’s Noriel Group; Enterprise Investors Exits
Enterprise Investors through its private equity fund Polish Enterprise Fund VII has sold its 100% stake in Romania-based toy manufacturer Noriel Group to Turkey-based Sunman Group for an undisclosed amount. Enterprise Investors acquired Noriel in 2016 from Axxess Capital and Noriel’s founders for EUR24m (~USD24m).Read more here. Read More