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Multiples-Led Consortium to Acquire Indian Animal Health Business Zydus Cadila for ~USD397m
A consortium led by Multiples Alternate Asset Management and including CPP Investments and RARE Enterprises has agreed to acquire Zydus Cadila, the India-based animal health business unit of Cadila Healthcare, for INR29.21b (~USD397m). Read More
Dolma Reaches USD40m First Close for Second Impact Fund
Dolma Fund Management has reached a USD40m first close for its Dolma Impact Fund II. The vehicle has an initial target of USD75m and plans to invest in renewable energy, healthcare, education and technology companies in Nepal. Read More
Baring PE Asia Exits 3.14% Stake in Indian IT Services Company Coforge for ~USD84m
Baring Private Equity Asia has sold a 3.14% stake in India-based IT services company Coforge for INR6.16b (~USD84m) via an open markets transaction. Read More
Coatue Leads USD190m Series B for Brazilian POS Platform CloudWalk
Coatue led a USD190m Series B for CloudWalk, a Brazilian blockchain-based POS platform for entrepreneurs and SMEs, with participation from DST Global and follow-on from Valor Capital Group, FIS and The Hive Brazil. Read More
Riverwood Capital Leads USD21m Round for Brazilian API Management Platform Sensedia
Riverwood Capital led a USD21m growth round for Brazil-based API management platform Sensedia. Read More
Kalon VP and Caleo Lead USD2.5m Series A for South African Edtech iXperience
Kalon Venture Partners and Caleo Private Equity led a USD2.5m Series A for South Africa-based edtech iXperience. Read More
OTPP to Acquire Brazilian Electricity Transmission Platform Evoltz From TPG
Ontario Teachers’ Pension Plan (OTTP) has agreed to acquire a 100% interest in Brazil-based electricity transmission platform Evoltz from TPG for an undisclosed amount. Read More
Source Code Capital Leads USD155m Series C for Chinese Insurtech Yuanbao
Source Code Capital led a nearly CNY1b (USD155m) Series C for China-based insurtech Yuanbao, with follow-on from Cathay Capital, Hike Capital and SIG. Read More
A.P. Moller and Reunert Establish Lumika Renewables
A.P. Moller Capital and Reunert have established Lumika Renewables, a new joint venture through which they will develop a portfolio of cost-efficient, renewable energy solutions for commercial and industrial customers in Africa. Read More
iGlobal Partners Leads USD17m Pre-Series B for Philippine Neobank Tonik
iGlobe Partners led a USD17m pre-Series B for Philippines-based neobank Tonik, with participation from Citius, Baring Vostok and several Philippine family offices, and follow-on from Sequoia India, Altara Ventures and Insignia Venture Partners. Read More
Carlyle Sells 4% Stake in India’s SBI Life for ~USD533m
The Carlyle Group has sold a 4% stake for INR39.3b (~USD533m) in India-based SBI Life Insurance through multiple block deals. Read More
EQT Exits Singaporean Corporate Services Provider In.Corp Group via Sale to TA Associates
EQT Private Equity has sold its stake in Singapore-based corporate services provider In.Corp Global to TA Associates for an undisclosed amount. Read More