Florintree-backed Satin Creditcare raising $40 mn from offshore investor
Gurugram-based microfinance lender Satin Creditcare Network Ltd is raising up to Rs 332 crore ($40 million) in fresh capital from a marquee global development bank. The money will help the non-banking finance company (NBFC) grow its lending portfolio in areas like water sanitation and hygiene, induction cookers and solar panels, according ......
Sub-Saharan Africa-focused private debt fund REGMIFA to get another cheque
The Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), an open-ended private debt fund focusing on micro, small, and medium enterprises in Sub-Saharan Africa, is likely to secure additional funding from a development finance institution. The Geneva-headquartered REGMIFA, which provides private debt funding in local currency, will likely get a ......
Flutterwave backer LoftyInc courts offshore LP as it aims to quintuple AUM with new Africa VC fund
LoftyInc Capital, a pan-African early-stage venture capital firm, is likely to secure commitment from a European development finance institution for its new investment vehicle. The Lagos-headquartered VC firm is raising the $65-million LoftyInc Alpha Fund that would back tech-enabled enterprises across Africa at seed and Series A stages. It will likely ......
SPE Capital returns to pick up a stake in Moroccan FMCG firm
SPE Capital, an Africa- and Middle East-focused private equity firm that invests in mid-sized companies, is set to re-acquire a minority stake in a leading Moroccan consumer products company, three years after marking an exit. Tunisia-based SPE Capital, which manages a portfolio of over 15 companies, will likely pick up ......
IPO-bound Northern Arc set to secure capital from offshore backer
Northern Arc Capital Ltd, a non-banking finance company whose shareholders include global impact investment firms LeapFrog and Accion, as well as some private equity and venture capital firms, is set to secure fresh capital from a marquee foreign institution that has backed it in the past. The Chennai-based NBFC, which recently filed fresh draft documents for an ......
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 ......
VC-backed Aye Finance set to secure $30 mn in fresh capital
Aye Finance, a non-banking finance company (NBFC), is set to raise $30 million (about Rs 250 crore) in fresh capital from a marquee foreign institution that has backed it in the past. The NBFC, which lends to micro, small and medium sector enterprises (MSME) in India, is raising the fresh capital ......
Adenia expands LP base beyond legacy regions for oversubscribed fifth fund
Adenia Partners, a Mauritius-based private equity firm that focuses on mid-sized businesses across Africa, geographically diversified its investor base for its fifth investment vehicle, which closed earlier this month with an oversubscription despite a challenging fundraising environment, according to a top company executive. In fact, the PE firm raised $470 million ......
Helios lets go of billion-dollar Africa PE fund strategy, floats smaller flagship
Helios Investment Partners, one of the largest private equity firms in Africa that curtailed its half-a-billion-dollar fourth fund after securing only a fraction of the record targeted sum, has floated a smaller fifth investment vehicle, VCCircle has learnt. The London-headquartered PE firm is actively seeking $750 million in third-party limited partner ......
GEF Capital strikes fresh bet in electric mobility company
Private equity firm GEF Capital has picked up a stake in a homegrown electric mobility solutions player, which is backed by Renuka Ramnath-led Multiples PE. The impact investor led by Raj Pai, which has been a backer of Indian companies like Prince Pipes, Syrma SGS, Premier Energies and Electra EV, among ......