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Helios to Acquire Majority Stake in Moroccan Medtech Group
Helios Investment Partners agreed to acquire a majority stake in a group of Morocco-based medtech companies comprising Techniques Science Santé (T2S), IM Alliance, Cyclopharma and Binarios. The transaction provided an exit for CDG Invest which held a minority stake in T2S. Read More
Ares SSG Reaches USD1.6b Final Close for Secured Lending Opportunities Fund III
Ares SSG reached a USD1.6b final close for its third secured lending opportunities fund. The vehicle will provide flexible capital solutions, primarily in the form of secured loans, to promising businesses in the Asia-Pacific region. Read More
UAE’s Swvl to Go Public via SPAC Merger with Queen’s Gambit Growth Capital
Swvl, a UAE-based transport technology startup founded in Egypt, will list on the Nasdaq via a merger with SPAC company Queen’s Gambit Growth Capital. The merger reportedly values the startup at USD1.5b. Read More
Fidelity Management, Tiger Global, Think Investments, Others Invest USD340m Series F for India’s Gupshup
India-based business messaging platform Gupshup raised a USD340m Series F (including USD100m announced in April) from Fidelity Management, Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman and White Oak. Read More
GLP Reaches USD700m Final Close for China Logistics Fund
GLP reached a CNY4.5b (USD700m) final close for GLP China Income Fund III. The fund’s portfolio includes 11 stabilized industrial and logistics park assets catering to growing high-tech and innovation based manufacturing industries aligned with China’s economic growth initiatives. Read More
Kingsway Capital Leads USD16.3m Series A for Argentine Crypto Platform Lemon
Kingsway Capital led a USD16.3m Series A for Lemon, an Argentine crypto banking platform, with participation from Valor Capital, Draper Associates, Cadenza Ventures, Amagis Capital, Coinbase Ventures, Borderless Capital, Reserve, Draper University Ventures, Celo, Grupo Supervielle and Andrés Bilbao (Rappi), and follow-on from Draper Cygnus. Read More
Inovo Venture Partners Leads ~USD7m Seed Round for Polish Healthcare Startup Jutro Medical
Inovo Venture Partners led a EUR6m (~USD7m) seed round for Jutro Medical, a Poland-based hybrid telemedicine and in-person health platform, with participation from Rheingau Founders. Read More
Acumen Reaches USD58m Final Close for Resilient Agriculture Fund
Acumen reached a USD58m final close for its Acumen Resilient Agriculture Fund. The vehicle will provide capital to support African agribusinesses that help smallholder farmers adapt to climate change. Read More
Dragoneer Leads USD83m Series C for South African Fintech Yoco
Dragoneer Investment Group led a USD83m Series C for Yoco, a South Africa-based payments and software platform for SMEs, with participation from Breyer Capital, HOF Capital, The Raba Partnership, 4DX Ventures and TO Ventures, and follow-on from Quona Capital, Partech, Velocity Capital Fintech Ventures and Orange Ventures. Read More
Temasek and Moore Strategic Ventures Lead USD145m Series F for India’s ShareChat
Temasek and Moore Strategic Ventures led a USD145m Series F for ShareChat, an India-based social media platform that includes the Moj app, at a reported USD3b valuation. Mirae-Naver Asia Growth Fund participated in the round. Read More
TPG Rise Climate Reaches USD5.4b First Close
TPG Capital reached a USD5.4b first close for TPG Rise Climate. The vehicle has a target size of USD7b and will focus on five climate sub-sectors: clean energy, enabling solutions, decarbonized transport, greening industrials and agriculture and natural solutions. Read More
Brookfield Reaches USD7b First Close for Global Climate Fund
Brookfield Asset Management reached a USD7b first close for its Brookfield Global Transition Fund. The vehicle has a target size of USD12.5b and will focus on the global transition to a net-zero economy. Read More