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Amber Capital Acquires Armenian Solar Plant Operator Solis
Amber Capital, through its EBRD- and EU-backed EU-Armenia SME Fund, has acquired Armenia-based solar plant operator Solis for an undisclosed amount. Read More
DCL Reaches First Close for China Distressed Assets Fund
DLC Investments has reached an undisclosed first close for DLC Special Situation RMB Fund IV. The vehicle has an initial target of CNY3b (USD466m). Read More
Minerva and Quartz Lead ~USD23m Series B for Brazilian Subscription Delivery Platform Shopper
Minerva’s corporate venture capital fund and Quartz led a BRL120m (~USD23m) Series B for Shopper, a Brazil-based subscription delivery platform for consumer products, with participation from FJ Labs and Floating Point, and follow-on from FEGIK, Oikos, Ariel Lambrecht (99/Yellow) and Márcio Schettini (Itaú Unibanco). Read More
Advent International to Acquire Perrigo’s Operations in Latin America
Advent International has agreed to acquire Perrigo Mexico and Perrigo Brazil, the Latin American operations of global provider of over-the-counter self-care products Perrigo, for an undisclosed amount. Read More
Nuwa Capital and MSA Capital Lead USD15m Series A for Egyptian Furniture Marketplace Homzmart
Nuwa Capital and MSA Capital led a USD15m Series A for Egypt-based furniture and home goods marketplace Homzmart, with participation from Rise Capital, Impact46, EQ2 Ventures and Outliers Ventures. Read More
Insight Partners Leads USD60m Series B+ for Singaporean Fintech Thunes
Insight Partners led a USD60m Series B extension for Singapore-based fintech Thunes, with follow-on from Helios Investment Partners, Checkout.com, GGV Capital and Future Shape. Read More
Novo Holdings Leads USD125m Series C for Singapore’s Hummingbird Bioscience
Novo Holdings led a USD125m Series C for Hummingbird Bioscience, a Singapore- and US-based clinical stage developer of targeted therapeutics, with participation from Frazier Healthcare Partners, Octagon Capital, EDBI, AMGEN Ventures, DROIA Ventures, Morningside Ventures, Pureos Bioventures, Polaris Partners, Affinity Asset Advisors, Ally Bridge Group and Altrium Capital Management, and follow-on from SK Inc, Heritas Capital, Mirae Asset Venture Capital… Read More
BlackRock Invests in Mexican Retail Platform Grupo Axo
BlackRock has made an undisclosed investment in Grupo Axo, a Mexico-based multi-brand retail platform backed by General Atlantic. Read More
Legend Capital Reaches USD270m Close for LC Healthcare Continued Fund I
Legend Capital has closed LC Healthcare Continued Fund I, its healthcare continuation fund, at USD270m after raising the capital through a secondary transaction. The deal was co-led by Hamilton Lane and Coller Capital. Read More
Ascent Reaches USD100m+ First Close for East Africa Fund
Ascent has reached a USD100m+ first close for Ascent Rift Valley Fund II. The vehicle has an initial target of USD120m and plans to invest in SMEs in the financial services, manufacturing, wholesale and retail trade and services, education, healthcare and agro-processing sectors in Eastern Africa. Read More
Baring PE Asia and Alibaba Lead USD400m Investment in Vietnam’s The CrownX
A consortium comprising Baring Private Equity Asia and Alibaba has acquired a 5.5% stake in The CrownX, the retail arm of Vietnam-based conglomerate Masan Group, for USD400m. Read More
Falcon Edge and Harvard Management Lead USD120m Series E for Indian B2B Marketplace Moglix
Falcon Edge Capital and Harvard Management Company led a USD120m Series E for India-based B2B industrial goods marketplace, with follow-on from Tiger Global Management, Sequoia Capital India and Venture Highway, at a reported USD1b valuation. Read More