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Global Ventures Leads USD8m Pre-Series A for UAE’s Mamo
Global Ventures led a USD8m pre-Series A for UAE-based fintech Mamo, with participation from 4DX Ventures, AlRajhi Partners, Olive Tree Capital and others. Read More
KKR to Invest USD95m in Indian Eyewear Retailer Lenskart; TPG Growth and TR Capital to Exit
KKR has agreed to invest USD95m in India-based eyewear retailer Lenskart through a secondary stake acquisition, facilitating a partial exit for TPG Growth and TR Capital. Read More
Siguler Guff Reaches USD240m Final Close for Global Emerging Markets Direct Investment Fund
Siguler Guff has reached a USD240m final close for GEMCo, its direct investment emerging markets fund with a primary focus on China, India and Southeast Asia. The fund invests across high-growth, expansion-stage businesses and has already made a number of investments in the e-commerce, internet marketplaces, organized retail, consumer mobility and enterprise software sectors. Read More
Baron Capital, Duro Capital, Marshall Wace, Moore Strategic Ventures, Others Invest USD285m Round for India’s Pine Labs
Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management have invested a USD285m round for India-based payment solutions provider Pine Labs, with follow-on from Temasek, Lone Pine Capital and Sunley House Capital, at a reported USD3b valuation. Read More
Softbank Leads ~USD360m Series C for Singaporean Automotive Marketplace Carro
SoftBank Vision Fund 2 led a SGD477m (~USD360m) Series C for Carro, a Singapore-based auto resale marketplace, with participation from EV Growth and other Indonesia-based funds. Read More
BTG Pactual-Led Consortium to Acquire Chilean Timberland Assets from Arauco for USD385.5m
A consortium led by BTG Pactual’s Timberland Investment Group along with British Columbia Investment Management Corporation and APG has agreed to acquire Arauco’s Chilean timberland assets in Chile for USD385.5m. Read More
monashees, KASZEK and Tiger Global Exit Brazil’s GetNinjas via ~USD105m IPO
monashees, KASZEK, Tiger Global Management and Saint-Gobain have exited Brazilian local service marketplace GetNinjas through the company’s BRL500m (~USD105m) IPO on the B3. Read More
AIIM and Reatile Group Acquire 30% Stake in Mozambique’s ROMPCO for USD293m
African Infrastructure Investment Managers (AIIM) and Reatile Group have agreed to acquire a 30% stake in Mozambique-based ROMPCO, which owns and operates the high-pressure gas pipeline connecting Mozambique with South Africa, from Sasol South Africa for ZAR4.14b (USD293m). Read More
VIG Acquires South Korea’s The Skin Factory for USD132-177m
VIG Partners, through its VIG Partners Fund IV, has acquired 100% of South Korea-based home and personal care company The Skin Factory for KRW150-200b (~USD132-177m). According to AVCJ, the transaction includes an approximately KRW100b (~USD88m) equity commitment from VIG, plus debt financing and an LP co-investment. Read More
TPG Growth, Norwest Venture Partners and Evolvence Invest ~USD45m Series E for India’s NBFC Ess Kay
Existing investors TPG Growth, Norwest Venture Partners and Evolvence have invested a INR3.37b (~USD45m) Series E for India-based non-banking finance company Ess Kay Fincorp. Read More
SoftBank Vision Fund Leads USD330m Series D+ for Chinese Grocery E-Commerce Platform Dingdong Maicai
SoftBank Vision Fund led a USD330m Series D extension for China-based grocery e-commerce platform Dingdong Maicai, bringing the overall Series D to just over USD1b. DST Global and Coatue led the USD700m first tranche in April 2021. Read More
Valor Capital Group Leads USD26m Round for Brazilian Crypto Platform Hashdex
Valor Capital Group led a USD26m round for Hashdex, a Brazilian crypto investment and management platform, with participation from SoftBank, Igah Ventures, Globo Ventures, Canary and Coinbase Ventures. Read More