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CITIC Securities, CMS Securities, Others Lead USD90m Series C for China’s DataGrand
CITIC Securities, CMS Securities, GF Securities and CSC Securities led a USD90m Series C for Data Grand, a China-based intelligent text processing startup, with participation from SCGC, Hundreds Capital, Xiang He Capital, Legend Star and Sunshine Insurance Group. Read More
Inovia Capital Leads USD120m Round for Talent.com
Inovia Capital led a USD120m round for Talent.com, a Canada-based recruiting platform with operations in Brazil and Colombia, with participation from Investissement Quebec, Climb Ventures, BDC Capital, Fondaction and HarbourVest Partners, and follow-on from CDPQ. Read More
Tiger Global and Avenir Lead USD125m Series B for Kenya’s Wasoko
Tiger Global and Avenir Growth Capital led a USD135m Series B for Wasoko (formerly Sokowatch), a Kenya-based B2B e-commerce logistics platform, with participation from Quona Capital, 4DX Ventures, VNV Global, Justin Mateen’s JAM Fund and others. Read More
EQT to Acquire BPEA for ~USD7.5b
EQT agreed to acquire Baring Private Equity Asia (BPEA) for EUR6.8b (~USD7.5b). The combined business will be rebranded as BPEA EQT Asia and will continue to be led by BPEA CEO Jean Eric Salata and BPEA’s senior management team. Read More
Tiger Global and Dragoneer Lead USD70m Series B for Pakistan’s Bazaar
Tiger Global and Dragoneer Investment Group led a USD70m Series B for Bazaar, a Pakistan-based digital bookkeeping platform and B2B marketplace, with follow-on from Indus Valley Capital, Defy Partners, Acrew Capital, Wavemaker Partners, B&Y Venture Partners and Zayn Capital. Read More
Animoca Brands and Liberty City Lead USD88m Series B for Hong Kong’s Hex Trust
Animoca Brands and Liberty City Ventures led a USD88m Series B for Hex Trust, a Hong Kong-based provider of digital asset custody services, with participation from Ripple, Terra, Morgan Creek and Primavera Venture Partners. Read More
Amansa Capital, Kotak PE and Axis Growth Avenues Lead USD150m Series F2 for India’s Licious
Amansa Capital, Kotak PE and Axis Growth Avenues AIF – I led a USD150m Series F2 for Licious, an India-based D2C e-commerce platform for fresh food, with participation from angels and follow-on from existing investors. Read More
The Untitled Ventures and Buildit Accelerator Invest ~USD1.7m in Latvia’s Naco
Naco, a Latvia-based nano-coating solutions provider for green hydrogen manufacturers, raised ~USD1.7m from The Untitled Ventures, Buildit Accelerator and others. Read More
Patria SPAC Raises USD230m on Nasdaq
Patria Latin American Opportunity Acquisition, a SPAC launched by Patria Investments, raised USD230m in an IPO on the Nasdaq to target a company operating in the healthcare, food and beverage, logistics, agribusiness, education or financial services sectors in Latin America. Read More
Old Mutual Private Equity To Acquire South Africa’s Long4Life for ~USD278m
Old Mutual Private Equity (OMPE), through its OMPE Fund V, agreed to acquire South Africa-based investment company Long4Life for ZAR2.4b (USD278m). OMPE plans to delist the company. Read More
BPEA Partially Exits India’s Coforge for ~USD334m
BPEA realized a partial exit from India-based IT services company Coforge for INR25.6b (~USD334m) via a block sale. BPEA retains a 40.3% stake in the company. Read More
Advent To Acquire 49% Stake in Argentina’s Prisma for USD350m
Advent International acquired the remaining 49% stake in Argentina-based payments company Prisma for USD350m. Advent first acquired a 51% stake in the company in 2019. Read More