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Baring PE Exits South Korea’s Logen via Sale to Dae Myung Chemical for ~USD300m
Baring Private Equity Asia exited South Korea-based parcel delivery firm Logen via a sale to South Korea-based fashion mall operator Dae Myung Chemical for KRW340b (~USD300m). Read More
Temasek and Warburg Invest USD500m Pre-IPO Round for India’s Ola
Temasek and Warburg Pincus invested a USD500m pre-IPO round for Indian ride-hailing company Ola. Read More
ACON Exits Brazil’s Conexão via Sale to Grain Management
Acon Investments, through its Latin America Opportunities Fund IV, completed the sale of Brazil-based high speed internet service providers Conexão Group to Grain Management. Terms of the transaction were not disclosed. Read More
BlackRock Reaches USD250m First Close for Emerging Market Climate Infrastructure Fund
BlackRock reached a USD250m first close for its Climate Finance Partnership, a blended finance vehicle targeting climate infrastructure investments across emerging markets. Read More
Lightrock Reaches USD900m Final Close for Global Growth Fund
Lightrock reached a USD900m final close for its Lightrock Growth Fund I. The vehicle will invest growth capital (predominantly at Series B or C) in Europe, Latin America and India. Read More
EQT Ventures Leads USD7.9m Seed Round for Estonian Nature Tokenization Platform Single.Earth
EQT Ventures led a USD7.9m seed round for Single.Earth, an Estonia-based tokenization platform for forests, wetlands and other planetary resources to generate profit for landowners by selling them as carbon and biodiversity credits, with follow-on from Icebreaker.vc. Read More
Think Investments, TPG, Temasek, B Capital, Others Invest USD500m Series F for India’s PharmEasy
India-based online pharmacy PharmEasy raised a USD500m Series F from Think Investments, TPG Growth, Temasek, B Capital, Prosus Ventures, Orios Venture Partners and Kotak Private Equity Fund at a reported USD4b valuation. TPG Growth and Prosus Ventures led the company’s USD350m Series E in April 2021. Read More
Alitheia Capital Leads USD8.3m Pre-Series B for Nigerian Fintech Lidya
Alitheia Capital, through its uMunthu Fund, led a USD8.3m pre-Series B for Nigeria-based fintech Lidya, with participation from Bamboo Capital Partners, Accion Venture Lab and Flourish Ventures. Read More
Crescera Invests ~USD38.5m in Brazil’s Grupo Zelo
Crescera Capital invested BRL200m (~USD38.5m) in Brazil-based funeral services provider Grupo Zelo. Crescera originally invested BRL305m (approximately USD55.5m) in August 2020. Read More
Horizon Capital Invests in Ukrainian Dollar Store Retail Chain Avrora
Horizon Capital, through its Emerging Europe Growth Fund III, acquired a minority stake in Ukraine-based dollar store retail chain Avrora for an undisclosed amount. Read More
Argentine Spacetech Satellogic Goes Public via SPAC Merger
Argentine space exploration startup Satellogic merged with CF Acquisition Corp. V, a SPAC formed by Cantor Fitzgerald, to go public at a reported USD850m valuation. The deal includes a USD100m PIPE investment from SoftBank and Cantor Fitzgerald. Read More
SoftBank to Invest USD130m in Polish Footwear Retailer eobuwie
SoftBank, through its SoftBank Vision Fund 2, agreed to invest USD130m in the form of convertible bonds in Poland-based online footwear and accessories retailer eobuwie. Read More