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GIC and Carlyle Partially Exit Brazil’s Rede D’Or for ~USD500m
GIC and the Carlyle Group sold 37 million shares of Brazil-based hospital network Rede D’Or via a block trade for BRL2.6b (~USD500m). Read More
General Catalyst Leads USD20m Series A for Argentine Healthtech Osana Salud
General Catalyst led a USD20m Series A for Osana Salud, an Argentina-based infrastructure developer for telehealth, pharmacy and diagnostics platforms, with participation from Quiet Capital, Preface Ventures, FJ Labs, AforeVC and K50 Ventures. Read More
Actis Sells Mexico’s Saavi Energia to Global Infrastructure Partners
Actis sold 100% of Saavi Energía, an independent power producer in Mexico, to Global Infrastructure Partners for an undisclosed amount. Read More
Amethis Reaches USD101m First Close for MENA Fund II
Amethis reached a EUR85m (USD101m) first close for Amethis MENA Fund II. The vehicle will target majority and minority investments in fast-growing SMEs in Morocco, Egypt, Tunisia and Jordan. Read More
Riverwood Capital Leads ~USD150m Round for Brazilian Pet Marketplace PetLove
Riverwood Capital led a ~USD150m round for Brazilian pet marketplace PetLove, with participation from monashees, Tarpon, SoftBank and L Catterton. L Catterton made an undisclosed investment in June 2020 and SoftBank invested USD48m in April 2020. Read More
01 Advisors, General Catalyst and Lachy Groom Lead USD57m Series B for Fintech Origin
Origin, a US-based financial advisor platform for company employees with operations in the US and Brazil, raised a USD57m Series B led by 01A, the VC fund of Dick Costolo and Adam Bain, General Catalyst and Lachy Groom, with follow-on from Founders Fund, Felicis Ventures and Abstract Ventures, at a reported USD400m valuation. Read More
ACON to Invest in Mexico’s Actinver
ACON Investments will acquire up to 15% of Mexican manager Actinver through the subscription of convertible bonds for an undisclosed amount. Read More
Shenzhen Capital, CCB International, CICC, Others Invest ~USD200m in Hong Kong’s OrbusNeich Medical Group
Hong Kong-based medical devices maker OrbusNeich Medical Group raised ~USD200m across two rounds from Shenzhen Capital Group, CCB International, CICC Capital, China Merchants Securities Investment, Shenzhen Share Capital Healthcare Fund and family offices. Read More
China Structural Reform Fund and China Internet Investment Fund Lead ~USD155m Series A for China’s Metax
China Structural Reform Fund and China Internet Investment Fund led a CNY1b (~USD155m) Series A for China-based chipmaker Metax Integrated Circuits, with follow-on from investors including Matrix Partners China, CTC Capital, Sequoia Capital China and Lightspeed Venture Partners. Read More
Zephyr’s Emerald Sri Lanka Fund Exits Panasian Power & JAT Holdings
The Emerald Sri Lanka Fund, a vehicle launched by Zephyr Management in partnership with NDB Bank, exited Sri Lanka-based renewable energy solution provider Panasian Power via a secondary sale to a local conglomerate, and Sri Lanka-based water-based wood coatings company JAT Holdings via an IPO on the Colombo Stock Exchange. Read More
Impact46 and Elm Lead USD20m Series B for Saudi Arabia’s Syarah
Impact46 and Elm Company led a USD20m Series B for Saudi Arabia-based auto marketplace Syarah, with participation from Budget, Vision Ventures and Yousef Al-Rasheedi (Haraj). Read More
Mubadala Sells 50% Stake in UAE’s Al Maryah Island Cooling Scheme for ~USD84.5m
Mubadala Infrastructure Partners sold its 50% stake in Al Wajeez Development Company, the operator of the Al Maryah Island cooling unit in Abu Dhabi, to its joint venture partner the National Central Cooling Company for AED311.5m (~USD84.8m). Read More