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Apollo Global To Invest USD1.4b in UAE’s Aldar Properties
Apollo Global Management agreed to invest USD1.4b in UAE-based real estate developer Aldar Properties. As part of the transaction, Apollo will take a direct minority stake in the company. Read More
Union Square Ventures Leads USD16m Series A for Mexico’s Mundi
Union Square Ventures led a USD16m Series A for Mundi, a Mexico-based lending platform financing imports/exports for SMEs, with participation from Upper90, FJ Labs, Base10 Partners, Exor, AndBank, Alleycorp, Operator Partners and Gilgamesh Ventures. Read More
Sylvan Group Acquires Four Singaporean Healthcare Companies for USD140.5m
Sylvan Group, through its Sylvan Asia Growth Fund I, acquired Singapore-based healthcare and pharmaceutical companies Juniper Biologics, Artemis Health Ventures, DX Imaging and Juniper Therapeutics for USD140.5m. Read More
SoftBank Leads USD144m Series C+ for Singapore’s Funding Societies
SoftBank Vision Fund 2 led a USD144m Series C+ for Funding Societies, a Singapore-based digital financing platform for SMEs, with participation from VNG Corporation, Rapyd Ventures, EDBI, Indies Capital, K3 Ventures and Ascend Vietnam. The company also received USD150m in debt. Read More
ADQ and STV Lead USD46m Series B for Saudi Arabia’s TruKKer
ADQ and STV led a USD46m Series B for Saudi Arabia-based on-demand truck aggregator TruKKer, with participation from Mubadala and follow-on from Riyad Taqnia Fund and Shorooq Partners. The company also raised USD50m in debt funding from Mars Growth and Partners for Growth. Read More
Spruce House Leads USD21m Series A for South Africa’s Stitch
Spruce House led a USD21m Series A for Stitch, a South Africa-based fintech API platform, with participation from PayPal Ventures, TrueLayer, firstminute Capital, Raba Partnership, CRE VC and Village Global. Read More
20VC Leads USD116m Investment for Belarus’ Tripledot Studios
20VC led a USD116m investment for UK- and Belarus-based mobile game studio Tripledot Studios at a reported USD1.4b valuation, with participation from Access Industries, Lightspeed Venture Partners and Eldridge. Read More
BBVA Invests USD300m in Brazil’s Neon
Spanish bank BBVA invested USD300m in Brazil-based digital bank Neon. Read More
Cerberus To Acquire a Cyprus NPL Portfolio from Alpha Bank at ~USD2.7b Book Value
Cerberus Capital Management agreed to acquire a portfolio of non-performing loans and real estate properties in Cyprus with a total book value of EUR2.4b (~USD2.7b) from Alpha Bank. Read More
Global Ventures and Ventures Platform Lead USD1m Round for Nigeria’s Remedial Health
Global Ventures and Ventures Platform led a USD1m round for Nigeria-based healthtech Remedial Health, with participation from Ingressive Capital, Voltron Capital and angels. Read More
Blackstone Acquires Majority Stake in India’s ASK from Advent International
Blackstone acquired a majority stake in India-based asset and wealth management company ASK Investment Managers from Advent International and others for an undisclosed amount. Read More
Affinity Equity Partners and BRV Capital Management Invest ~USD251m in South Korea’s SSG.com
Existing investors Affinity Equity Partners and BRV Capital Management invested KRW300b (~USD251m) in SSG.com, the e-commerce arm of South Korea-based retailer Shinsegae Group. Read More