► Ninety One, IFC and others completed a USD855m recapitalization of Liquid Intelligent Technologies, a South Africa-based telecommunications company. #Africa
► Stone Venture led a USD300m Series C for Volant Aerotech, a China-based eVTOL aircraft developer, with participation from HongShan Group, Fortera Capital, Future Capital and Legend Capital. #Asia
► SF Holding led a USD200m investment in Robotera, a China-based humanoid robot manufacturer, with participation from IDG Capital, HongShan Capital Group, CICC Capital Management, SparkEdge Capital and ICBC Capital Management. #Asia
► Vantage Capital provided a USD45m mezzanine facility to MIDO, an Egypt-based industrial company. #Africa
► Siguler Guff led a USD40m investment in Trimex Foods, an India-based restaurant operator and franchisee of international brands. #Asia
► Global Infrastructure Partners agreed to combine Saavi Energia, a Mexico-based power generation company, with the power generation assets of Grupo Mexico. #LatinAmerica
► Value Chain Innovation Fund, Persistent Ventures, British International Investment and others invested USD13m in Dodai, an Ethiopia-based electric mobility company. #Africa
► I Squared Capital acquired Elea Data Centers, a Brazil-based data center platform. #LatinAmerica
► Long Journey, Variant, Version One, Dune Ventures and others invested USD7.3m in Swoop, an Eswatini-based super app. #Africa
► Enko Capital invested in Metalosul, an Angola-based solar energy company. #Africa
► General Atlantic and others acquired a 22.6% stake in Banamex, a Mexico-based banking group. #LatinAmerica
FUNDRAISING
► BTG Pactual Timberland Investment Group reached a USD1.24b final close for its reforestation strategy focused on timberland investments. #LatinAmerica
► Navis Capital Partners reached a USD300m first close for its Navis Decarbonisation Fund I, focused on climate and energy transition. The fund is anchored by a USD60m commitment from the Green Climate Fund. #Asia
► Allianz Global Investors reached a USD270m first close for its APAC Infrastructure Credit Fund, focused on private credit investments in infrastructure. #Asia
► Invera Capital reached a USD188m final close for its second private equity fund. #CEE
► Enko Capital reached a USD100m first close for its Rwanda SME Growth Fund, focused on investing in small and medium-sized enterprises in Rwanda. The Rwanda Social Security Board committed USD30m to the fund. #Africa
EXITS
► The Carlyle Group exited its stake in Peruvian rail operator Inca Rail. #LatinAmerica