ImpactAlpha’s deal news coverage for the week:
Agrifood investing. Impact investor AgDevCo exited Zambia’s Saise Farming Enterprises, which grows seed potatoes and other crops on irrigated land, in a sale to Zambian potato processor and distributor Buya Bamba.
Battery storage. Avaana Capital, a women-led climate tech fund in India, led a $5 million financing round for AmpereHour Energy, which develops modular battery storage systems… Japanese gas company Osaka Gas is teaming up with India’s CleanMax to develop solar, wind and battery storage projects for commercial and industrial customers in India.
Climate tech. Virta Ventures went ‘equity-light’ to raise $9 million for early stage climate tech.
Energy transition. Climate Investment Fund and South Africa’s Nedbank invested 575 million South African rand in Pele Green Energy Group to scale the firm’s renewable energy projects… Denver-based data center developer Stack Infrastructure notched $4 billion in green financing for its facilities in Stafford, Va., Portland, Ore., and Toronto… MPower raised $2.7 million to grow its network of solar energy distributors in West and Southern Africa… Texas-based renewable energy developer Catalyze inked $400 million in debt from Apollo-owned Atlas SP Partners for project financing and development.
Financial inclusion. Zolve, a New York neobank that provides financial services to skilled migrants moving to the US, raked in $251 million in debt and equity from Community Investment Management, Creaegis, HSBC and other backers.
Green infrastructure. EQT is acquiring the “small cells” business division of Crown Castle, a communication infrastructure developer… Ontario-based Brookfield Renewable is issuing C$450 million in green bonds to invest in renewable and green projects in North America.
Impact lending. Accion and Mastercard support Frubana to extend credit to Brazil’s small food businesses… Colombia-based fintech company Ziro secured fundingto provide inventory loans to small retail businesses… Nuveen affiliate Arcmont Asset Management secured €475 million from pension fund APG and TIAA, for a new impact lending strategy focused on companies addressing climate, health, education and sustainable economic growth… SDS Capital Group provides ‘impact debt’ to lower the costs of affordable housing.
Low-carbon transition. Koko landed a $179.6 million World Bank guarantee to cover carbon market risks… Massachusetts-based BlueShift raised $2.1 million from ConocoPhillips, Ridgeline and the Massachusetts Clean Energy Center to build a pilot facility to harvest minerals and carbon from seawater.
LP / GP. Abu Dhabi’s sovereign wealth fund ADQ and Energy Capital Partners are investing $5 billion in sustainable power generation projects to support AI data centers in the US… Exit payouts for Kito Crosby employees and union members after KKR’s $2.7 billion sale to Columbus McKinnon… The California State Teachers’ Retirement System and Microsoft’s Climate Innovation Fund anchored Just Climate’s $175 million raise for its Natural Climate Solutions fund.
