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The deal represents the fourth acquisition from Cinven's latest fund of 5.3 billion euros.
Sunstone Capital is an early stage venture capital investor with a latest fund of $110M.
DFJ Growth, the DFJ investment practice that focuses on later-stage investments in technology startups, has closed its latest fund of $470 million.
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Earlier this year, in May, a magistrate overseeing this discovery ruled that the new revelations about the late funding of Osama's trust might yet have relevance.
Even before the closure of its latest fund, the European private equity firm had been picking up assets.
The latest funding comes as part of a $16 million Series A round led by Bain Capital Ventures.
The latest funding would come out of voter-approved school construction bonds.
There are still a number of significant constraints to programme implementation, including; late funding, capacity of partners, lack of a common understanding on roles and responsibilities, inadequate consultations, lack of monitoring and evaluation and instances of resistance to the programme.
Due to late funding, a mass distribution of 300,000 long-lasting insecticidal nets is planned for December.
Underlining the urgency of closing the funding gap, late arrival of funds may compromise the quality of the immunization campaigns in some countries.
The latest tranche of funding brings the company's funding total to $40 million since 2012.
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