How was cloud consulting firm Blazeclan valued as it finds a strategic buyer?
Pune-based cloud consulting firm Blazeclan Technologies Pvt Ltd, which offers its services in eight countries apart from India, is being acquired by a Mumbai-listed company’s subsidiary looking to augment its existing suite of offerings. The software-as-a-service (SaaS) firm, which was founded in 2010, is being bought by information technology services provider ......
Sanad gets LP top-up for MENA-focused MSME debt fund
The Sanad Fund for MSME, an impact investment fund that provides loans and equity financing to local financial institutions in the Middle East, North, and sub-Saharan Africa is set to get additional backing from an existing limited partner for its debt investment vehicle. The Luxembourg-headquartered fund is on track to get ......
African PE firm Medu Capital sets target for new fund’s final close as LP base shifts
Medu Capital, one of the most active private equity firms in South Africa, aims to mark the final close of its fourth fund by early next year despite a challenging fundraising environment and a shift in its investor base, a top executive told VCCircle. The Johannesburg-based PE firm, which launched ......
EQT, ChrysCap-backed Credila gets valuation bump as new investor joins cap table
Education loan specialist HDFC Credila, which saw two private equity firms EQT and ChrysCapital seal a buyout, first announced last summer, where HDFC Bank sold its majority stake for $1.15 billion last month, is bringing on board another investor to its captable via a fresh deal that also gives it ......
CX Partners revives plan to monetise healthcare bet as it ends dealmaking lull
Private equity firm CX Partners has restarted a process to harvest its investment in a healthcare company after a gap of two-and-a-half years, as it looks to revive its own dealmaking activities and tap limited partners for its third fund. CX Partners had been in a lull for the past couple ......
Believe it or not: Average mid-stage VC cheques in Africa are bigger than the rest of the World!
Mature startups in Africa recorded the highest median deal value in Series B and C rounds through 2023, compared to global peers including the West, even as early-stage companies failed to procure many high-ticket investments. According to a report by the African Private Equity and Venture Capital Association (AVCA), mid-market African ......
In Charts: How Dubai Future District Fund deployed corpus across startups, VC funds
The Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-funds, has committed about a fifth of its initial corpus in the two years since starting operations. The DFDF has emerged as one of the most important backers of the startup ecosystem in the Middle East, especially in the ......
PE firm First Bridge backs vehicle loan NBFC
Homegrown private equity player First Bridge has made an investment in a vehicle financing company, making the third bet from its second fund. First Bridge India Growth Fund has previously invested in fashion accessories brand Lavie’s parent firm Bagzone Lifestyles and skin care brand Oshea Herbals. It invested around Rs 75 crore in ......
Grapevine: TPG eyes stake in VLCC; NTPC Green taps four bankers for IPO
Carlyle Group is actively engaged in discussions with TPG Growth regarding the sale of a 25-30% stake in VLCC Healthcare Ltd, a media report said. This move comes less than a year after Carlyle's acquisition of the wellness and beauty products company. A 78% surge in VLCC's shares in just 12 months prompted Carlyle ......
Sector scan: Eye-care chains enjoy 20/10 growth vision. Is it sustainable?
Indian eye-care chains, one of several single-speciality healthcare domains that attracted private equity and venture capital investors by droves through the years, are turning to be the pall bearers of growth in the health service delivery business. Despite a few setbacks that threatened to shake up the industry with the implosion ......
