GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
PIF Anchors Aberdeen & Investcorp’s ~USD800m Gulf Infrastructure Fund
Saudi Arabia’s PIF has made an anchor investment in Aberdeen Standard Investcorp Infrastructure Partners. The vehicle was set up by Investcorp and Aberdeen Standard Investments and plans to invest in core infrastructure projects in the GCC and the wider MENA region. PIF has committed up to 20% of the total fund size, which is reported to be ~USD800m. Read More
Valar Ventures and Goodwater Capital Lead USD60m Series A for Indonesian Fintech BukuWarung
Valar Ventures and Goodwater Capital led a USD60m Series A for BukuWarung, an Indonesia-based fintech for MSMEs. Read More
TPG Leads USD80m Series D+ for Indian SaaS Startup Zenoti
TPG led a USD80m Series D+ for Zenoti, an India-based software provider for the spa and wellness industry, at a reported USD1.5b valuation. Advent International led the company’s USD160m Series D in December 2020. Read More
TPG Capital Leads USD220m Round for Chinese Pharma Platform Dingdang Health
TPG Capital Asia led a USD220m round for China-based offline-to-online pharmaceutical platform Dingdang Health, with participation from OrbiMed, Redview Capital, Summer Capital, Valliance Asset Management, Yingke PE and Orchid Asia. Read More
Oasis Capital Ghana Invests USD1m in Ghanaian Fintech appsNmobile
Oasis Capital, through its Oasis Africa VC Fund, has invested USD1m in Ghana-based fintech appsNmobile Solutions. Read More
Olive Rock Partners and Cerberus Invest in UAE’s UEMedical
Olive Rock Partners and Cerberus Capital Management have made an undisclosed investment in UAE-based healthcare company UEMedical. Read More
Pelham Capital Leads USD10m Round for Argentine Car Marketplace Karvi
Pelham Capital led a USD10m round for Argentina-based car marketplace Karvi, with participation from Launchpad, Inti Ventures and Luxor Capital. Read More
CMC and Softbank Invest USD400m Series C for Chinese Home Furnishing Platform Chubby Bear
Chubby Bear, a China-based B2B trading platform for home furnishing materials has raised USD400m from CMC Capital Group and SoftBank. CMC Capital Group led the company’s Series C while SoftBank Vision Fund 2 led the Series C+. Other investors include Matrix Partners China, Genesis Capital, Tencent Holdings, Hundreds Capital, Immensus Capital, Yunqi Partners, Ab Initio Capital and Cygnus Equity. Read… Read More
Berkshire Hathaway Leads USD750m Series G+ for Brazilian Neobank Nubank
Brazilian neobank giant Nubank raised a USD750m Series G+, including USD500m from Berkshire Hathaway and USD250m led by Sands Capital, with participation from Verde Asset, Absoluto Partners and others. Read More
Crescera Exits Brazil’s Afya via Sale to Bertelsmann
Crescera Capital has sold its remaining 25% stake in Brazil-based medical education group Afya to German-based media conglomerate Bertelsmann, achieving a full exit. Read More
Kinea Exits Brazil’s Centro Clínico Gaúcho via ~USD210m Sale to Notre Dame Intermédica
Kinea Investimentos has exited Brazil-based health services provider Centro Clínico Gaúcho via a BRL1.06b (~USD210m) sale to Notre Dame Intermédica. Read More
Wa’ed, Global Ventures, Others Invest USD10m in Saudi Agtech Red Sea Farms
Wa’ed, Global Ventures, KAUST and Future Investment Initiative Institute have invested USD10m in Saudi Arabia-based agtech Red Sea Farms. Read More