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.
Naspers Foundry, Cathay AfricInvest and SBI Investment Lead USD14.5m Series A+ for WhereIsMyTransport
Naspers Foundry, Cathay AfricInvest Innovation Fund and SBI Investment led a USD14.5m Series A extension for South Africa-based mobility startup WhereIsMyTransport, with participation from Wuri Ventures and Capria Ventures. Read More
RCIF and Sberinvest Invest ~USD22m Russian Professional Services Marketplace Eruditor
The Russian-Chinese Investment Fund (RCIF) and Sberinvest have invested RUB1.6b (~USD22m) in Russia-based professional services marketplace Eruditor via a syndicated venture loan. Read More
Tiger Global Leads USD35m Round for Indian Car Services Platform GoMechanic
Tiger Global led a USD35m round for GoMechanic, an India-based platform for car services and car parts, with follow-on from Sequoia Capital, Orios Venture Partners and Chiratae Ventures. Read More
Prosus and KASZEK Invest USD40m in Mexican Last-Mile Delivery Company 99 minutos
Prosus Ventures and KASZEK invested USD40m in 99 minutos, a Mexican last-mile delivery company for e-commerce platforms. Read More
Orchid Asia Reaches USD1.1b First Close for Fund VIII
Orchid Asia has reached a USD1.1b first close for Fund VIII. The vehicle, which has an initial target of USD1.6b, will provide growth capital to companies looking to build franchises in the consumer, technology, education and healthcare sectors in China. Read More
Primavera to Acquire Reckitt’s China Baby Formula Unit for USD2.2b
Primavera Capital Group has agreed to acquire the China infant formula and child nutrition business of UK-based consumer goods maker Reckitt Benckiser Group for an enterprise value of USD2.2b. Read More
Gemcorp Leads USD105m Debt Deal for Pan-African Mobile Network Operator Africell
Gemcorp Capital led a USD105m debt financing deal for pan-African mobile network operator Africell, with participation from Helios Investment Partners, Gramercy Funds Management and TC Credit Partners. Read More
L Catterton Files to Raise USD200m for Latin America-Focused SPAC
L Catterton Latin American Acquisition, a blank check company formed by L Catterton, has filed with the SEC to raise up to USD200m in an initial public offering. Read More
SPE Capital Exits Morocco’s H&S Holdings Back to Belkhayat Family
SPE Capital has exited its investment in H&S Invest Holding, which operates Morocco-based logistics company Dislog Group, via a sale back to the Belkhayat family. SPE Capital originally invested USD25m in the company in 2019 through SPE AIF I. Read More
Tiger Global, Mubadala, Sequoia, Silver Lake and DisruptAD Invest USD550m Series D for Turkish Grocery Delivery Startup Getir
Tiger Global Management, Mubadala Investment Company, Sequoia Capital, Silver Lake and DisruptAD have invested a USD550m Series D for Turkish grocery delivery startup Getir at a reported USD7.5b valuation. Tiger Global and Sequoia led the company’s USD300m Series C in March 2021. Read More
KV Asia Reaches USD100m First Close for Southeast Asia PE Fund
KV Asia Capital has reached a USD100m first close for its second Southeast Asia PE fund. The vehicle has an initial target of USD300m and will primarily focus on buyouts in Southeast Asia, with an emphasis on Malaysia, Indonesia and Vietnam. Read More
SoftBank to Invest up to USD150m in Mexico’s GBM
SoftBank, through its Latin America Fund, has committed up to USD150m to Grupo Bursatil Mexicano (GBM), an investment brokerage platform in the Mexican stock market. Read More